Federal Home Loan Bank of New York 8-K

What Happened
The Federal Home Loan Bank of New York filed a Form 8‑K on January 13, 2026 (Item 2.03) reporting the creation of a direct financial obligation: it is the primary obligor on certain consolidated obligations (bonds and discount notes) sold in the capital markets. Consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks, sold to the public through the Office of Finance via authorized dealers, and are backed only by the financial resources of the Federal Home Loan Banks (not guaranteed by the U.S. government). Schedule A (Exhibit 99.1) attached to the filing lists the consolidated obligation bonds and discount notes committed to be issued for which the Bank is the primary obligor, subject to the reporting limitations described below.

Key Details

• Filing date: January 13, 2026 (Form 8‑K, Item 2.03 — Creation of a Direct Financial Obligation).
• Consolidated obligations = bonds and discount notes that are joint and several obligations of the 11 Federal Home Loan Banks; not U.S. government guaranteed.
• Schedule A (Exhibit 99.1) lists committed consolidated obligation bonds and discount notes for which this Bank is the primary obligor; it excludes discount notes maturing in ≤1 year issued in the ordinary course.
• The Federal Housing Finance Agency may require any Federal Home Loan Bank to repay principal or interest on consolidated obligations for which another Bank is the primary obligor.

Why It Matters
This filing updates investors that the Bank has assumed primary repayment responsibility for certain consolidated obligations, which affects its debt and liquidity profile. Because consolidated obligations are supported only by the Federal Home Loan Banks collectively (not the federal government), investors should view these as joint bank debt rather than sovereign‑backed securities. Schedule A’s reported par amounts may differ from accounting balances (discounts, premiums not reflected), and Schedule A does not show short‑term discount notes (≤1 year) or the Bank’s total consolidated obligations outstanding — total exposure will appear in the Bank’s periodic SEC reports.