Federal Home Loan Bank of New York 8-K

What Happened

• The Federal Home Loan Bank of New York filed an Item 2.03 8‑K on December 29, 2025, disclosing that it has committed to issue (or has assumed primary repayment obligation for) consolidated obligations — debt securities (bonds and discount notes) sold by the Federal Home Loan Banks to raise funds.
• Consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks, are sold through the Office of Finance, and are not guaranteed by the U.S. government. The Federal Housing Finance Agency can require any FHLB to repay all or part of consolidated obligations for which another FHLB is the primary obligor.
• Detailed trade-date information and the specific obligations committed to be issued (other than discount notes with maturity ≤1 year issued in the ordinary course) are provided in Schedule A attached to the filing (Exhibit 99.1).

Key Details

• Filing date: December 29, 2025 (Form 8‑K, Item 2.03).
• Schedule A lists consolidated obligation bonds and discount notes for which the Bank is the primary obligor on the trade dates indicated; short-term discount notes (≤1 year) issued in the ordinary course are generally excluded.
• Consolidated obligations are backed only by the financial resources of the eleven FHLBs and are not U.S. government guaranteed.
• Par amounts in Schedule A may differ from amounts reported under GAAP (discounts, premiums, concessions not reflected); total consolidated obligations outstanding will be reported in the Bank’s periodic SEC filings.

Why It Matters

• For investors, this filing signals new or assumed long‑term debt commitments that affect the Bank’s funding profile and obligations. Consolidated obligations are a primary source of financing for FHLBs, so issuance or assumption of such debt can affect liquidity and leverage metrics.
• Because these obligations are joint obligations of all FHLBs and are not government‑guaranteed, risk and repayment ultimately relate to the financial condition of the FHLB system, not the U.S. Treasury. Retail investors should review Schedule A and the Bank’s upcoming periodic reports for the specific amounts and for the total consolidated obligations outstanding.