The Federal Home Loan Bank of Pittsburgh filed a Current Report on Form 8-K on September 14, 2026, disclosing the issuance of consolidated obligations. These obligations, which include bonds and discount notes, are sold to the public through the Office of Finance using authorized securities dealers. The Bank notes that these consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are backed only by the financial resources of those Banks, not by the United States government.
The filing includes an exhibit detailing the specific debt instruments committed to be issued. The total principal amount of the obligations reported in Schedule A is $1,050,000,000. The issuances span various maturity dates ranging from September 17, 2026, to September 9, 2033. The debt instruments include a mix of fixed-rate and variable-rate securities.
The fixed-rate issuance includes a $5,000,000 Constant 4.875% bond maturing on September 9, 2033. The variable-rate issuances include multiple Single Index Floaters with principal amounts ranging from $250,000,000 to $300,000,000. These floating-rate notes are non-callable and have maturity dates ranging from December 15, 2026, to January 19, 2027. The Bank also included a $300,000,000 Single Index Floater maturing on September 9, 2033.
The filing clarifies that Schedule A does not reflect the total consolidated obligations outstanding for which the Bank is the primary obligor, as it generally excludes discount notes with a maturity of one year or less. It also notes that the principal amounts reported represent the par amount, which may differ from amounts in financial statements due to discounts, premiums, or concessions.
