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 30, 2025 (Item 2.03) to report the creation/commitment of one or more consolidated obligations (direct financial obligations). Consolidated obligations include bonds and discount notes sold through the Office of Finance and for which the FHLBanks are jointly and severally liable.

Key Details

• Filing date: December 30, 2025; signed by Edward V. Weller, Chief Financial Officer.
• The reported obligations are “consolidated obligations” (bonds and discount notes) for which the FHLBank is the primary obligor, as listed on Schedule A (Exhibit 99.1).
• Consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks, are sold through the Office of Finance, and are not guaranteed by the U.S. government — they are backed only by the financial resources of the eleven FHLBanks.
• Schedule A excludes consolidated discount notes with maturities of one year or less issued in the ordinary course and may not match GAAP amounts (par amounts reported may not reflect discounts, premiums or concessions).

Why It Matters

• This filing notifies investors that the FHLBank has taken on or committed to take on debt through the consolidated obligations program, which is a primary source of funding for the Bank. Because these obligations are joint obligations of all FHLBanks and are not U.S. government guaranteed, they affect the Bank’s funding profile and the broader consolidated obligations outstanding.
• The 8-K does not disclose specific par amounts or how proceeds will be used; investors should review Schedule A and the Bank’s periodic reports for details on total consolidated obligations outstanding and any related impacts on liquidity or reported debt metrics.