---
schema_version: "secwatch.filing_event.v1"
accession: "0001325814-26-000098"
form_type: "8-K"
ticker: null
cik: "0001325814"
company_name: "Federal Home Loan Bank of Des Moines"
filed_at: "2026-06-25T18:49:13+00:00"
generated_at: "2026-06-25T18:50:14.767152+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FHLB Des Moines issues $1.06B in consolidated obligations across 8 tranches

## Summary
- Total par $1.06B: callable fixed-rate bonds ($15M-100M, 4.25%-4.68%), non-callable fixed ($25M each at 4.38% and 4.63%), and a $750M variable-rate floater.
- Largest tranche: $750M variable-rate floater (non-callable, matures 12/28/2026, tied to single index).
- Fixed-rate callable bonds include Bermudan-style call options with first call dates from Sep 2026 to Jan 2027.
- Consolidated obligations are joint and several obligations of all 11 FHLBs, not guaranteed by the U.S. government.

## SEC filing metadata
- accession: 0001325814-26-000098
- form_type: 8-K
- cik: 0001325814
- company_name: Federal Home Loan Bank of Des Moines
- filed_at: 2026-06-25T18:49:13+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325814/000132581426000098/0001325814-26-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325814/000132581426000098/fhlbdm-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001325814-26-000098
- JSON: https://secwatch.observer/filing/0001325814-26-000098.json
- Plain text: https://secwatch.observer/filing/0001325814-26-000098.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.