The Federal Home Loan Bank of New York (FHLB of NY) filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 3, 2026, reporting an event that occurred on August 31, 2026. The filing details the issuance of consolidated obligations, which are debt securities sold to the public to fund the Bank's operations.
According to the filing, consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are backed by the financial resources of those institutions rather than the U.S. government. The Bank has provided an exhibit (Schedule A) listing specific debt instruments committed to be issued on the trade dates indicated.
The Schedule A details three specific debt issuances:
- Fixed Rate Bond: A $25,000,000 bond issued on August 31, 2026, with a maturity date of September 24, 2031. The bond carries a 4.8% coupon and features an Optional Principal Redemption with a European call style, meaning it is redeemable only on a specific date. The first call date is September 24, 2027.
- Variable Rate Floater: A $1,000,000,000 bond issued on September 1, 2026, with a maturity date of December 2, 2026. This instrument is classified as a Single Index Floater with a Non-Callable structure.
- Fixed Rate Bond: A $10,000,000 bond issued on August 31, 2026, with a maturity date of September 10, 2029. This bond has a 4.875% coupon and is a Bermudan Fixed Constant bond, redeemable on specified recurring dates beginning December 10, 2026.
The filing notes that the principal amounts reported represent the par value of the obligations and may differ from amounts recorded in the Bank's financial statements due to discounts, premiums, or concessions. The Bank also stated that the Schedule A excludes discount notes with a maturity of one year or less issued in the ordinary course of business.
