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 8, 2026 (Item 2.03) reporting the creation of a direct financial obligation by committing to issue consolidated obligation bonds and discount notes for which it is the primary obligor. Consolidated obligations are the joint and several debt of the eleven Federal Home Loan Banks, sold through the Office of Finance, regulated by the Federal Housing Finance Agency (FHFA), and are not guaranteed by the U.S. government. The filing includes Schedule A (Exhibit 99.1) listing the consolidated obligations committed to be issued on the trade dates indicated.

Key Details

• Filing date: January 8, 2026; Form 8‑K Item: 2.03 (Creation of a Direct Financial Obligation).
• Exhibit included: 99.1 (Schedule A) and Inline XBRL cover page (Exhibit 104). Signed by CFO Edward V. Weller.
• Consolidated obligations are joint obligations of the 11 Federal Home Loan Banks and backed only by their financial resources (not U.S. govt guaranteed).
• Schedule A excludes discount notes with maturities of one year or less issued in the ordinary course, and reported principal amounts are at par (may differ from GAAP amounts).

Why It Matters

• This filing shows the FHLBank is incurring or committing to debt obligations that increase its direct repayment responsibilities as the primary obligor. Consolidated obligations are a core funding source for the Bank, so these commitments affect liquidity and funding profiles that investors monitor. Because the obligations are backed by the Federal Home Loan Banks collectively and not by the U.S. government, credit and repayment risk rests with the Banks’ resources. The Schedule A in this 8‑K does not provide a full picture of total outstanding consolidated obligations (short-term discount notes and GAAP adjustments may be omitted), so investors should consult the Bank’s periodic reports for total outstanding debt figures.