The Federal Home Loan Bank of Des Moines has reported the issuance of $1.575 billion in consolidated obligations through a filing with the Securities and Exchange Commission dated September 14, 2026. The debt was issued on September 15, 2026, and is classified as non-callable variable-rate debt.
The offering consists of four separate series of bonds, each with a par amount of $500 million, except for one series which totals $75 million. All four issues are described as Single Index Floaters, a type of security where the interest rate fluctuates based on the movement of a specific index. The bonds were issued at par value, meaning the principal amount reported on the schedule corresponds to the amount paid at issuance.
- Series 1: $75 million, CUSIP 3130BCAP8, Maturity Date September 28, 2029
- Series 2: $500 million, CUSIP 3130BCAX1, Maturity Date April 16, 2027
- Series 3: $500 million, CUSIP 3130BCB51, Maturity Date February 16, 2027
- Series 4: $500 million, CUSIP 3130BCAY9, Maturity Date January 19, 2027
The filing notes that consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance. These obligations are not guaranteed by the U.S. government and are backed solely by the financial resources of the member banks.
