Federal Home Loan Bank of Pittsburgh 8-K

What Happened

• The Federal Home Loan Bank of Pittsburgh (FHLBank) filed a Form 8-K on January 15, 2026 (Item 2.03) announcing the creation of a direct financial obligation: it is the primary obligor on one or more consolidated obligations committed to be issued. Consolidated obligations are bonds and discount notes sold through the Office of Finance and are the joint and several obligations of the eleven Federal Home Loan Banks. The filing includes Schedule A (Exhibit 99.1) listing the committed consolidated obligations for which the FHLBank is primary obligor.

Key Details

• Filing date: January 15, 2026 (Form 8-K, Item 2.03).
• Consolidated obligations = bonds and discount notes; they are backed only by the financial resources of the 11 Federal Home Loan Banks and are not guaranteed by the U.S. government.
• Schedule A reports principal amounts at par and generally excludes discount notes with maturities of one year or less; it may not show total consolidated obligations outstanding.
• The report was signed by Edward V. Weller, Chief Financial Officer.

Why It Matters

• This filing confirms the FHLBank has taken on primary repayment responsibility for specific debt instruments, which affects its debt profile and repayment obligations. Because consolidated obligations are joint obligations of all Federal Home Loan Banks and not federally guaranteed, investors should be aware that repayment depends on the collective financial resources of the FHLBanks rather than a U.S. government guarantee. The Schedule A listing provides transaction-level disclosure, but investors should consult the FHLBank’s periodic reports for the total consolidated obligations outstanding and for GAAP-based financial impacts.