Federal Home Loan Bank of Pittsburgh 8-K

What Happened
The Federal Home Loan Bank of Pittsburgh (FHLBank) filed a Form 8-K on December 29, 2025 (Item 2.03) reporting the creation of a direct financial obligation — consolidated obligations (bonds or discount notes) — for which it is the primary obligor. The filing includes Exhibit 99.1 (Schedule A), which lists consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for the trade dates indicated.

Key Details

• Filing date and signature: Form 8-K filed December 29, 2025; signed by Edward V. Weller, Chief Financial Officer.
• Item reported: 2.03 — Creation of a direct financial obligation (consolidated obligation issuance).
• Exhibit: 99.1 = Schedule A containing the specific consolidated obligations committed to be issued (trade-date details are in Schedule A).
• Important regulatory/credit facts: Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks, sold through the Office of Finance, and are backed only by the financial resources of those Banks — they are not guaranteed by the U.S. government.
• Scope/limits: Schedule A generally excludes discount notes maturing in one year or less and may not show how proceeds will be used; total consolidated obligations outstanding for which FHLBank is primary obligor will be reported in periodic SEC filings.

Why It Matters
This filing notifies investors that the FHLBank has taken on (or committed to) consolidated-debt obligations that affect its borrowing profile. Because consolidated obligations are joint obligations of all Federal Home Loan Banks and are not U.S. government‑guaranteed, investors should rely on the Banks’ reported financial resources and periodic SEC reports (where total outstanding consolidated obligations are disclosed) when assessing credit and liquidity exposure.