Federal Home Loan Bank of New York 8-K

What Happened

• The Federal Home Loan Bank of New York filed a Form 8‑K on January 22, 2026, reporting the creation of a direct financial obligation: it is the primary obligor on one or more consolidated obligations (bonds and discount notes) sold through the Office of Finance. The filing includes Schedule A (Exhibit 99.1) listing the consolidated obligation bonds and discount notes committed to be issued on the trade dates shown.

Key Details

• Consolidated obligations = bonds and discount notes that are the joint and several obligations of the eleven Federal Home Loan Banks and are sold through the Office of Finance via authorized dealers.
• Consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government; the Federal Housing Finance Agency (FHFA) can require any FHLB to repay obligations for which another FHLB is the primary obligor.
• Schedule A reports consolidated obligations committed to be issued (excluding discount notes with maturity ≤ 1 year issued in the ordinary course) and may include obligations for which the Bank assumed primary repayment for another FHLB.
• The principal amounts in Schedule A are reported at par and may differ from amounts in GAAP financial statements (they do not reflect discounts, premiums or concessions). The filing also notes the Bank has not made a judgment on the materiality of any particular consolidated obligation.

Why It Matters

• For investors, this confirms the Bank has taken on primary repayment responsibility for certain pooled debt (consolidated obligations), which affects its debt exposure and liquidity profile. Because these obligations are not U.S.‑guaranteed and are joint obligations of all FHLBs, repayment risk is shared across the system and subject to FHFA authority.
• Schedule A gives specific issuance commitments but does not show the Bank’s total outstanding consolidated obligations (short-term notes ≤1 year are generally excluded); investors should refer to the Bank’s periodic reports for full outstanding-debt figures and related financial statement impacts.