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 20, 2026 reporting the creation of a direct financial obligation: it committed to be the primary obligor on one or more consolidated obligation bonds or discount notes. Consolidated obligations (bonds and discount notes) are issued jointly by the eleven Federal Home Loan Banks and sold through the Office of Finance.
• The filing clarifies that consolidated obligations are regulated by the Federal Housing Finance Agency (Finance Agency), are backed only by the financial resources of the eleven Federal Home Loan Banks (not by the U.S. government), and that Schedule A to the filing lists the committed consolidated obligations (subject to certain standard exclusions and reporting limitations). The Form 8-K was signed by Edward V. Weller, Chief Financial Officer.

Key Details

• Filing date: January 20, 2026 (Form 8-K, Item 2.03).
• Instrument: Consolidated obligations (bonds and discount notes) for which FHLBank Pittsburgh is the primary obligor; these are joint and several obligations of all 11 Federal Home Loan Banks.
• Schedule A: Lists consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for which this FHLBank is primary obligor; excludes discount notes with maturity ≤1 year and may not reflect GAAP amounts (par amounts shown).
• Regulatory point: Consolidated obligations are not U.S. government guaranteed; the Finance Agency can require any Federal Home Loan Bank to repay obligations for which another Bank is the primary obligor.

Why It Matters

• For investors, this notice identifies that the FHLBank has taken on or committed to direct debt obligations through the consolidated-obligation program — a primary source of funding for the Bank. Increased obligations affect the Bank’s funding profile and are relevant when assessing liquidity and credit exposure to the Federal Home Loan Banks system.
• Because consolidated obligations are joint liabilities of all FHLBanks and are not government-guaranteed, holders and counterparties should consider system-wide credit and regulatory dynamics and consult the Bank’s periodic reports for total consolidated obligations outstanding and for GAAP presentation differences.