Federal Home Loan Bank of Pittsburgh 8-K

What Happened

• The Federal Home Loan Bank of Pittsburgh (FHLBank) filed a Form 8-K on January 6, 2026 (Item 2.03) reporting the creation of a direct financial obligation: it committed to be the primary obligor on one or more consolidated obligations (debt securities issued through the Office of Finance).
• The filing explains consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks, sold via authorized dealers, are backed only by the Banks (not the U.S. government), and are regulated by the Federal Housing Finance Agency.
• The 8-K includes Schedule A (Exhibit 99.1) that sets forth the consolidated obligation bonds and discount notes committed to be issued for which the FHLBank is the primary obligor (subject to certain exclusions described in the filing). The report was signed by Edward V. Weller, Chief Financial Officer.

Key Details

• Filing date: January 6, 2026 (Form 8-K, Item 2.03 and Item 9.01).
• Documented items: creation of a direct financial obligation (consolidated obligations) and Exhibit 99.1 (Schedule A).
• Consolidated obligations: joint and several obligations of the 11 Federal Home Loan Banks; not guaranteed by the U.S. government; sold through the Office of Finance.
• Schedule A excludes consolidated discount notes with maturity ≤ 1 year in ordinary course and may not reflect related derivatives or how proceeds will be used.

Why It Matters

• For investors, this filing indicates the FHLBank has taken on primary repayment responsibility for one or more system-wide consolidated obligations — a direct debt commitment that affects the Bank’s funding profile.
• Consolidated obligations are a primary source of funding for FHLBank operations; because they are joint obligations of all Federal Home Loan Banks and are not government-guaranteed, changes in these commitments can affect the Bank’s reported debt exposure and risk profile.
• The Schedule A and forthcoming periodic filings will be where investors can monitor the specific amounts outstanding and any related accounting impacts; note that par amounts on Schedule A may differ from GAAP amounts reported in periodic financial statements.