Federal Home Loan Bank of Pittsburgh Files 8‑K for New Debt Issuance

What Happened
The Federal Home Loan Bank of Pittsburgh filed a Form 8‑K on September 17, 2026 (Item 2.03) disclosing the creation of direct financial obligations through commitments to issue consolidated obligation bonds and discount notes for which it is the primary obligor. Consolidated obligations are sold through the Office of Finance via authorized dealers and are joint and several obligations of the eleven Federal Home Loan Banks; they are not guaranteed by the U.S. government. The filing includes Schedule A (Exhibit 99.1) listing the committed consolidated obligations and an Inline XBRL cover page (Exhibit 104). The report was signed by William A. List, Chief Financial Officer.

Key Details

• Filing date: September 17, 2026; reported under Item 2.03 (creation of a direct financial obligation).
• Schedule A (Exhibit 99.1) lists consolidated obligation bonds and discount notes committed to be issued by the FHLBanks for which FHLBank Pittsburgh is the primary obligor.
• Consolidated obligations are joint obligations of all 11 Federal Home Loan Banks and are not guaranteed by the U.S. government.
• Schedule A generally excludes discount notes with maturities of one year or less and does not reflect interest‑rate swaps/derivatives or how issuance proceeds will be used.

Why It Matters
This filing shows the FHLBank’s use of consolidated obligations—its primary capital‑market funding source—to raise funds. For investors and counterparties, it signals changes in the Bank’s debt commitments and potential effects on its outstanding consolidated obligations for which it is the primary obligor. Because these securities are not government‑guaranteed and Schedule A omits short‑term discount notes and related hedging activity, investors should consult the Bank’s periodic reports for the full picture of consolidated obligations outstanding, funding needs, and any related disclosures.