secwatch.observer — SEC 8-K summary
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Issuer:     Federal Home Loan Bank of Des Moines (—)
CIK:        0001325814
Form:       8-K
Filed at:   2026-06-25T18:49:13+00:00
Accession:  0001325814-26-000098
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325814/000132581426000098/0001325814-26-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325814/000132581426000098/fhlbdm-20260622.htm
  HTML page:      https://secwatch.observer/filing/0001325814-26-000098

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