Federal Home Loan Bank of Pittsburgh: reports creation of a direct financial obligation

What happened

• The filing reports that the Federal Home Loan Bank of Pittsburgh (the "FHLBank") committed to issue consolidated obligations and that Schedule A sets forth consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for which the FHLBank is the primary obligor. The report was filed Oct 13, 2026 and signed by William A. List, Chief Financial Officer.
• The filing states consolidated obligations consist of bonds and discount notes, are the joint and several obligations of the eleven Federal Home Loan Banks, are sold through the Office of Finance using authorized securities dealers, and are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.

Key details

• The consolidated obligations are by regulation the joint and several obligations of the eleven Federal Home Loan Banks and the Finance Agency may require any Federal Home Loan Bank to repay obligations for which another is the primary obligor.
• Schedule A excludes consolidated obligation discount notes with a maturity of one year or less that are issued in the ordinary course of business.
• Schedule A includes any consolidated obligations with a remaining maturity in excess of one year for which the FHLBank has assumed the primary repayment obligation from another Federal Home Loan Bank.
• The principal amounts reported on Schedule A are at par and may not correspond to amounts in financial statements prepared in accordance with GAAP because par does not account for discounts, premiums or concessions.

Why it may matter

• The filing reports Item 2.03 (creation of a direct financial obligation) covering the issuance or assumption of consolidated obligations and Item 9.01 (financial statements and exhibits) including Schedule A.
• The filing notes it will report total consolidated obligations outstanding for which it is the primary obligor in periodic reports filed with the Securities and Exchange Commission. This filing does not show why the insider traded or why the company acted.