Federal Home Loan Bank of New York 8-K

What Happened

• On January 8, 2026, the Federal Home Loan Bank of New York filed a Form 8‑K (Item 2.03) disclosing the creation of a direct financial obligation: consolidated obligation bonds and discount notes for which the Bank is the primary obligor.
• Consolidated obligations are debt securities (bonds and discount notes) sold through the Office of Finance and are joint and several obligations of the eleven Federal Home Loan Banks (FHLBs). They are backed only by the financial resources of the FHLBs and are not guaranteed by the U.S. government. The Federal Housing Finance Agency (FHFA) may require any FHLB to repay principal or interest on obligations for which another FHLB is the primary obligor.

Key Details

• Filing date: January 8, 2026 (Form 8‑K, Item 2.03).
• Consolidated obligations include bonds and discount notes sold via authorized securities dealers through the Office of Finance.
• Schedule A (Exhibit 99.1) is provided to list consolidated obligation bonds and discount notes committed to be issued for which the Bank is the primary obligor; it generally excludes discount notes with maturities of one year or less.
• The filing notes Schedule A may not reflect total outstanding consolidated obligations for which the Bank is the primary obligor; totals will be reported in the Bank’s periodic SEC filings.

Why It Matters

• For investors, this 8‑K signals the Bank has committed consolidated debt obligations that increase its financing activity and potential repayment responsibilities as primary obligor.
• Because consolidated obligations are not U.S. government‑guaranteed and are supported only by FHLB resources, credit risk depends on the collective financial strength of the Federal Home Loan Banks and regulatory actions by the FHFA.
• Retail investors should review Schedule A and the Bank’s periodic reports to see the full picture of outstanding consolidated obligations and any impact on the Bank’s balance sheet.