Federal Home Loan Bank of Pittsburgh 8-K

What Happened
The Federal Home Loan Bank of Pittsburgh filed an 8-K on December 23, 2025 reporting the creation of a direct financial obligation — issuance (or assumption) of consolidated obligations (debt securities) for which it is the primary obligor. The filing attaches Schedule A (Exhibit 99.1) listing the consolidated obligation bonds and discount notes committed on the trade dates indicated. The report was signed by Edward V. Weller, Chief Financial Officer.

Key Details

• Consolidated obligations are debt securities (bonds and discount notes) sold through the Office of Finance and are the joint and several obligations of the eleven Federal Home Loan Banks.
• These obligations are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government. The Federal Housing Finance Agency (FHFA) regulates the Banks.
• Schedule A excludes ordinary-course discount notes with maturities of one year or less and may not reflect total outstanding consolidated obligations or GAAP carrying amounts (par amounts do not account for discounts/premiums).
• Exhibit filed: 99.1 (Schedule A); filing date: December 23, 2025.

Why It Matters
For investors, this 8-K notifies that the FHLBank has taken on or committed to consolidated obligation debt for which it is the primary obligor. Consolidated obligations are a primary funding source for the Federal Home Loan Banks, and the filing clarifies scope and reporting limits (short-term notes often excluded and par amounts may differ from financial-statement amounts). The disclosure does not itself change credit guarantees or government backing — and does not provide the full outstanding-debt picture (investors should consult the Bank’s periodic reports for total consolidated obligations outstanding).