Federal Home Loan Bank of New York: creates direct financial obligation

What happened

• The Federal Home Loan Bank of New York filed a Current Report on Form 8-K on Oct 13, 2026 reporting the creation of a direct financial obligation related to consolidated obligations.
• The filing describes that consolidated obligations, which consist of bonds and discount notes, are sold through the Office of Finance, are the joint and several obligations of the 11 Federal Home Loan Banks, and are backed only by the financial resources of the 11 Federal Home Loan Banks, not by the United States government.

Key details

• Consolidated obligations consist of bonds and discount notes and are sold to the public through the Office of Finance using authorized securities dealers.
• The Federal Housing Finance Agency (the "Finance Agency") may require any Federal Home Loan Bank to repay all or a portion of principal or interest on consolidated obligations for which another Federal Home Loan Bank is the primary obligor.
• Schedule A in the filing sets forth consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for which the Bank is the primary obligor, excluding discount notes with a maturity of 1 year or less issued in the ordinary course of business.
• The filing notes Schedule A may exclude related interest-rate exchange agreements and that principal amounts are reported at par and may not match amounts in GAAP financial statements.

Why it may matter

• The filing was made under Item 2.03, "Creation of a Direct Financial Obligation," and covers information about consolidated obligations for which the Bank is the primary obligor as described in Schedule A. A filing does not show why the insider traded or why the company acted.