Federal Home Loan Bank of Topeka 8-K

What Happened

• The Federal Home Loan Bank of Topeka (FHLBank) filed a Current Report on Form 8‑K on January 6, 2026 (Item 2.03) to disclose the creation of a direct financial obligation. The FHLBank committed to issue a consolidated obligation with trade date 12/31/2025, settlement date 01/06/2026, and maturity date 06/05/2026. The instrument (CUSIP 3130B8ZM7) is a non‑callable variable single‑index floater with a bank par amount of $1,000,000,000; the next scheduled pay date is 03/05/2026.

Key Details

• Amount and terms: $1,000,000,000 principal (par), non‑callable, variable single‑index floating‑rate consolidated obligation; trade date 12/31/2025, settlement 01/06/2026, maturity 06/05/2026.
• Consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks and are sold through the Office of Finance via dealers.
• These obligations are backed only by the financial resources of the Federal Home Loan Banks—not guaranteed by the U.S. government—and the Federal Housing Finance Agency (FHFA) may require one Bank to repay obligations for which another Bank is the primary obligor.
• Filing notes/limitations: Schedule A may not include short‑term discount notes issued in the ordinary course, does not show associated derivatives or how proceeds will be used, and par amounts reported may differ from GAAP amounts in periodic financial statements.

Why It Matters

• This filing shows how the FHLBank raises short‑term funding: consolidated obligations are a primary source of debt financing. The reported $1.0B issuance increases the amount for which the FHLBank is the primary obligor (on a par basis) and is relevant to assessing the Bank’s funding and liquidity activities.
• Investors should note the joint responsibility across the Federal Home Loan Banks and that these securities carry no U.S. government guarantee; also, par amounts reported here may not match amounts shown in GAAP financials and the schedule does not reflect potential linked derivatives or how proceeds will be applied.