Federal Home Loan Bank of Pittsburgh 8-K

What Happened
The Federal Home Loan Bank of Pittsburgh filed a Form 8‑K on January 22, 2026 (Item 2.03) disclosing the creation/commitment of consolidated obligations—debt securities (bonds and discount notes)—for which the FHLBank is the primary obligor. The filing includes a Schedule A (Exhibit 99.1) listing consolidated obligation bonds and discount notes committed to be issued on the trade dates indicated, subject to the filing’s stated scope and limitations. The report was signed by Edward V. Weller, Chief Financial Officer.

Key Details

• Filing date: January 22, 2026 (Form 8‑K, Item 2.03).
• Instrument: Consolidated obligations (bonds and discount notes) sold through the Office of Finance; Schedule A lists those for which this FHLBank is the primary obligor.
• Joint liability: Consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks; the Finance Agency may require any Bank to repay obligations for which another Bank is the primary obligor.
• Scope/limits: Schedule A generally excludes discount notes with maturity of one year or less and reports principal at par (which may differ from GAAP amounts due to discounts/premiums). The FHLBank did not make a materiality judgment for any particular obligation in the schedule.

Why It Matters
For investors, this filing signals that the FHLBank is issuing or committing to debt securities that are a primary source of its funding. These consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks—not by the U.S. government—which is relevant to credit risk assessment. The joint-and-several nature of these obligations and the Finance Agency’s ability to shift repayment responsibilities among the Banks are important structural details affecting potential liability and systemic exposure. The FHLBank will report total consolidated obligations outstanding in its periodic reports.