Federal Home Loan Bank of Pittsburgh Reports New Debt Commitments

What Happened

• The Federal Home Loan Bank of Pittsburgh (FHLBank) filed a Current Report on Form 8‑K on September 10, 2026 disclosing the creation of direct financial obligations in the form of consolidated obligation bonds and discount notes for which it is the primary obligor. Consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks and are sold through the Office of Finance; they are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government. The filing includes Schedule A (Exhibit 99.1) that lists the committed consolidated obligations on the trade dates indicated.

Key Details

• Filing date: September 10, 2026; signed by William A. List, Chief Financial Officer.
• Consolidated obligations include bonds and discount notes and are issued via the Office of Finance through authorized dealers.
• Schedule A (Exhibit 99.1) lists consolidated obligations for which FHLBank Pittsburgh is the primary obligor; it generally excludes discount notes with maturity of one year or less.
• The FHLBanks are regulated by the Federal Housing Finance Agency (FHFA), which may require any Federal Home Loan Bank to repay principal or interest for which another FHLBank is the primary obligor.

Why It Matters

• For investors, this filing signals that FHLBank Pittsburgh has taken on (or committed to) debt obligations that affect its funding profile and liquidity management. Because consolidated obligations are obligations of all eleven Federal Home Loan Banks and are not U.S. government‑guaranteed, changes in the Bank’s role as primary obligor can influence perceived credit exposure across the system.
• The Schedule A exhibit is the specific source for the committed issues and trade dates; however, the filing notes Schedule A may omit short‑term notes (≤1 year) and will not on its own show total consolidated obligations outstanding. Investors should watch the bank’s periodic reports for consolidated‑obligation totals and any disclosures about related hedging arrangements or use of proceeds.