The Federal Home Loan Bank of New York (FHLB NY) filed a Current Report on Form 8-K on September 28, 2026, to disclose a Schedule A regarding consolidated obligations. Consolidated obligations, which include bonds and discount notes, are the joint and several obligations of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance.
The Schedule A details consolidated obligation bonds and discount notes for which the Bank is the primary obligor. The filing includes obligations maturing between February 2027 and September 2036, with a total par value of $2,060,000,000. The securities listed include a mix of non-callable fixed-rate bonds and variable-rate floaters, as well as bonds with optional principal redemption features.
Key details from the Schedule A include:
- Variable Single Index Floaters: Multiple securities with a total par value of $1,815,000,000, including a $750,000,000 issue maturing on February 26, 2027, and a $609,000,000 issue maturing on March 30, 2027.
- Optional Principal Redemption: Several bonds with a total par value of $867,500,000, including a $67,500,000 issue maturing on February 4, 2027, and a $650,000,000 issue maturing on the same date.
- Fixed-Rate Bonds: A $18,000,000 non-callable fixed-rate bond with a 5.125% coupon maturing on September 12, 2036.
The filing notes that the principal amounts reported represent the par value of the obligations and may not correspond to the amounts reported in the Bank's financial statements due to discounts, premiums, or concessions. The Schedule A also excludes discount notes with a maturity of one year or less issued in the ordinary course of business and does not reflect the use of proceeds for calling or maturing obligations.
