Federal Home Loan Bank of Des Moines 8-K

What Happened
The Federal Home Loan Bank of Des Moines filed a Form 8‑K on January 21, 2026 reporting the creation of a direct financial obligation through consolidated obligations (bonds and discount notes) for which the Bank is the primary obligor. Consolidated obligations are debt securities sold through the Office of Finance and are joint and several obligations of the eleven Federal Home Loan Banks, regulated by the Federal Housing Finance Agency (the Finance Agency). The filing includes a Schedule A listing consolidated obligation bonds and longer‑maturity discount notes committed to be issued by the Federal Home Loan Banks for which this Bank is the primary obligor.

Key Details

• Filing date: January 21, 2026; Form 8‑K reports creation of a direct financial obligation (consolidated obligations).
• Consolidated obligations are sold through the Office of Finance via authorized dealers and are joint and several obligations of all 11 Federal Home Loan Banks.
• Consolidated obligations are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government.
• Schedule A excludes discount notes maturing in one year or less issued in the ordinary course and notes that par amounts on Schedule A may differ from GAAP amounts (discounts/premiums not reflected).

Why It Matters
This filing affects the Bank’s funding and liability profile because consolidated obligations are a primary source of wholesale funding for the Bank. Investors should note these are FHLB‑backed debt obligations (not U.S. government guaranteed) and that the Schedule A in the 8‑K may not show short‑term notes or GAAP‑reported balances; review the Bank’s periodic reports for total consolidated obligations outstanding and full financial context.