Federal Home Loan Bank of Pittsburgh: reports consolidated obligations issuance

What happened The Federal Home Loan Bank of Pittsburgh filed an 8-K reporting Item 2.03, the creation of a direct financial obligation. The filing states the FHLBank obtains most of its funds from consolidated obligations (bonds and discount notes), which are by regulation the joint and several obligations of the 11 Federal Home Loan Banks and are regulated by the Federal Housing Finance Agency. Schedule A in the filing sets forth consolidated obligation bonds and discount notes committed to be issued for which the FHLBank is the primary obligor. The report was signed by William A. List, Chief Financial Officer, on Oct 8, 2026.

Key details

• Item reported: Item 2.03 — creation of a direct financial obligation (consolidated obligations).
• Consolidated obligations consist of bonds and discount notes and are sold to the public through the Office of Finance.
• Consolidated obligations are backed only by the financial resources of the 11 Federal Home Loan Banks and are not guaranteed by the United States government.
• Schedule A (Exhibit 99.1) lists committed consolidated obligations for which the FHLBank is primary obligor, excludes discount notes with a maturity of 1 year or less issued in the ordinary course, and reports principal amounts at par which may differ from GAAP amounts.

Why it may matter The filing reports Item 2.03, which covers issuance or assumption of consolidated obligations and provides a Schedule A listing the consolidated obligations committed to be issued for which the FHLBank is the primary obligor. The filing notes limits of Schedule A, including exclusions for short-term discount notes and possible differences between par amounts and amounts reported under GAAP. This filing does not show why the company acted.