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 13, 2026 (Item 2.03) reporting the creation of a direct financial obligation through the issuance (or commitment to issue) consolidated obligation bonds and discount notes. Consolidated obligations are debt securities sold through the Office of Finance and are the joint and several obligations of the eleven Federal Home Loan Banks. The filing includes a Schedule A (Exhibit 99.1) identifying the consolidated obligations for which the Pittsburgh FHLBank is the primary obligor. The report was signed by Edward V. Weller, Chief Financial Officer.

Key Details

• Filing date: January 13, 2026 (Form 8‑K, Item 2.03).
• Schedule A lists consolidated obligation bonds and discount notes committed to be issued by the FHLBank as primary obligor (excludes discount notes with maturity ≤ 1 year issued in the ordinary course).
• Consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government.
• The Finance Agency (FHFA) regulates the FHLBanks and may require any FHLBank to repay obligations for which another FHLBank is the primary obligor; par amounts on Schedule A are shown at principal (may differ from GAAP amounts due to discounts/premiums).

Why It Matters
For investors, this filing notifies that the Pittsburgh FHLBank has taken on (or committed to) new consolidated obligation debt, a primary funding source for the Bank. Because these securities are joint obligations of all FHLBanks and not federally guaranteed, they represent market debt exposure supported by the FHLBanks’ collective resources. The Schedule A provides transaction-level disclosure of commitments but omits short-term discount notes (≤1 year) and may not change the total outstanding consolidated obligations shown in periodic reports — total primary‑obligor consolidated obligations will be reported in the Bank’s regular SEC filings.