Federal Home Loan Bank of New York Issues Consolidated Obligations

What Happened

• The Federal Home Loan Bank of New York filed a Current Report on Form 8‑K on September 15, 2026 (Item 2.03) reporting the creation of a direct financial obligation: it committed to issue consolidated obligation bonds and discount notes (debt sold in the capital markets).
• These consolidated obligations are sold through the Office of Finance and, by regulation, are the joint and several obligations of the eleven Federal Home Loan Banks (the consolidated obligations are not guaranteed by the U.S. government).

Key Details

• Filing date: September 15, 2026 (8‑K Item 2.03).
• Consolidated obligations include bonds and discount notes; Schedule A (Exhibit 99.1) lists those committed to be issued for which this Bank is the primary obligor on the trade dates shown.
• Schedule A generally excludes discount notes maturing in one year or less and reports principal amounts at par (these par amounts may differ from GAAP amounts reported in periodic financials).
• The Federal Housing Finance Agency (FHFA) can require any Federal Home Loan Bank to repay all or part of consolidated obligations for which another Bank is the primary obligor.

Why It Matters

• Consolidated obligations are the Bank’s primary method of raising wholesale funding; new issuances affect the Bank’s reported borrowing activity and funding profile.
• Because these obligations are backed only by the financial resources of the eleven Federal Home Loan Banks (not the U.S. government), investors should note the source of repayment and review Schedule A and the Bank’s periodic reports for details on outstanding obligations and any assumed repayment responsibilities.
• For specifics on amounts, maturities and the Bank’s role as primary obligor, retail investors should consult Schedule A (Exhibit 99.1) and subsequent periodic filings for the total consolidated obligations outstanding.