Federal Home Loan Bank of New York Issues Consolidated Obligations

What Happened

• The Federal Home Loan Bank of New York filed a Form 8‑K on July 23, 2026 (Item 2.03) reporting the creation (issuance or assumption) of consolidated obligation bonds and discount notes for which it is the primary obligor. Consolidated obligations are the debt securities (bonds and discount notes) through which the eleven Federal Home Loan Banks raise funds, sold via the Office of Finance.
• The filing reiterates that consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks, are subject to regulation by the Federal Housing Finance Agency (the “Finance Agency”), and are not guaranteed by the U.S. government. The filing includes Schedule A (Exhibit 99.1) listing the consolidated obligations committed to be issued for which this Bank is the primary obligor (with certain short-term note exclusions).

Key Details

• Filing date and item: Form 8‑K filed July 23, 2026 under Item 2.03 (Creation of a Direct Financial Obligation).
• Schedule A (Exhibit 99.1) lists consolidated obligation bonds and discount notes committed to be issued for which the Bank is the primary obligor; it generally excludes discount notes maturing in one year or less that are issued in the ordinary course.
• Consolidated obligations are joint obligations of the 11 Federal Home Loan Banks, sold through the Office of Finance, and are backed only by the financial resources of the Federal Home Loan Banks (no U.S. government guarantee).
• The filing notes limitations: Schedule A does not show related derivatives, will not track total outstanding primary‑obligor consolidated obligations (short-term notes excluded), and par amounts on Schedule A may differ from GAAP amounts.

Why It Matters

• For investors, this filing signals new or assumed debt commitments by the Bank — a core part of how the Bank funds operations and supports member lending. Because consolidated obligations are a joint liability of the Federal Home Loan Banks and are not government‑guaranteed, changes in issuance or assumed obligations can affect the Bank’s funding profile and risk exposure.
• Schedule A provides transaction-level disclosure of committed issues for which this Bank is the primary obligor, but it is not a substitute for the Bank’s periodic reports (which will show total consolidated obligations outstanding and the financial statement effects). Review the attached Schedule A (Exhibit 99.1) and subsequent periodic filings for full context on amounts and impact.