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 September 29, 2026 (Item 2.03) reporting that it committed to issue consolidated obligation bonds and discount notes for which it is the primary obligor. The filing includes Schedule A (Exhibit 99.1) listing the consolidated obligations committed to be issued on the trade dates indicated.

Key Details

• Filing date: September 29, 2026; Items reported: 2.03 (Creation of a Direct Financial Obligation) and 9.01 (exhibits).
• Schedule A (Exhibit 99.1) identifies consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for which this Bank is primary obligor; short-term discount notes (maturity ≤ 1 year) issued in the ordinary course are generally excluded.
• Consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks, are issued through the Office of Finance, and are not guaranteed by the U.S. government.
• Principal amounts on Schedule A are shown at par and may differ from amounts reported under GAAP; the Bank noted it has not made a materiality determination for any specific consolidated obligation listed.

Why It Matters

• Consolidated obligations are the Bank’s primary funding source; commitments to issue them affect the Bank’s debt profile and liquidity. Investors should review Schedule A (Exhibit 99.1) and the Bank’s periodic reports for the detailed amounts and the total consolidated obligations outstanding, since Schedule A may exclude short-term notes and does not reflect related hedging arrangements or how proceeds will be used. The filing also reiterates that FHFA regulation can require one Federal Home Loan Bank to repay obligations for which another is primary obligor, which is a regulatory backstop investors should note.