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 27, 2026 (Item 2.03) reporting that it has committed to issue consolidated obligation debt for which it is the primary obligor. Consolidated obligations (bonds and discount notes) are the primary funding source for the Bank and are sold through the Office of Finance via authorized dealers.
• The filing includes Schedule A (Exhibit 99.1) containing information on the consolidated obligation bonds and discount notes committed to be issued on the trade dates indicated, subject to certain exclusions described in the filing.

Key Details

• Filing date: January 27, 2026 (Current Report on Form 8-K, Item 2.03).
• Consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government.
• Schedule A excludes consolidated obligation discount notes with maturities of one year or less issued in the ordinary course of business and reports principal amounts at par (which may differ from GAAP amounts due to discounts/premiums).
• The Federal Housing Finance Agency (FHFA) may require any Federal Home Loan Bank to repay all or part of consolidated obligations for which another Bank is the primary obligor; the Bank noted it has not judged the materiality of any particular consolidated obligation reported.

Why It Matters

• For investors, this filing signals additional debt commitments by the Bank using its standard funding vehicle; consolidated obligations are a primary source of liquidity and affect the Bank’s funding profile and outstanding debt.
• Because consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks (not the U.S. government) and are joint obligations, changes in issuance levels can affect credit exposure and market perception of funding risk.
• Schedule A provides specific issuance detail but omits short-term discount notes and does not substitute for the Bank’s periodic reports, which will show total consolidated obligations outstanding and GAAP reporting of related amounts. Investors should review Schedule A and subsequent periodic filings for full context.