The Federal Home Loan Bank of Pittsburgh disclosed in a Form 8-K filed on October 6, 2026, that it has issued consolidated obligations totaling $3.26 billion in principal. These debt securities, issued on trade dates between September 30 and October 9, 2026, are part of the Bank's standard capital market funding activities.
The issuance includes a mix of fixed-rate bonds and variable-rate instruments. The largest fixed-rate bond is a $6 million American fixed-rate bond maturing on October 9, 2046, with a 7% coupon. Another notable fixed-rate issuance is a $15 million Bermudan fixed-rate bond maturing in 2029, which carries a 5.25% coupon.
The majority of the issuance consists of variable-rate securities. These include a $250 million single-index floater maturing on January 5, 2027, and a $1 billion single-index floater maturing on June 2, 2027. The Bank also issued two $250 million variable-rate discount notes maturing on January 5, 2027.
The filing notes that consolidated obligations 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 Bank is regulated by the Federal Housing Finance Agency and the obligations are backed solely by the financial resources of the Federal Home Loan Banks, not by the U.S. government.
