The Federal Home Loan Bank of Pittsburgh (FHLBank) has reported the issuance of three series of consolidated obligations in a filing dated September 16, 2026. These obligations, which are debt securities sold to the public, serve as a primary method for the Bank to obtain funds.
The filing details the specific terms of the debt issued on September 16, 2026, including maturity dates, interest rates, and call provisions. The first series is a fixed-rate bond maturing on September 24, 2041, with a principal amount of $5,000,000 and a coupon rate of 6.34%. This bond is callable on December 24, 2026, and is classified as an American Fixed Constant bond.
The second series is a non-callable fixed-rate bond maturing on September 13, 2030. It carries a principal amount of $5,000,000 and an interest rate of 4.75%. The third series is a fixed-rate bond maturing on September 28, 2033, with a principal amount of $6,000,000 and a coupon rate of 5.73%. This bond is also callable on December 28, 2026.
The filing notes that consolidated obligations are backed by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government. The Bank's regulator, the Federal Housing Finance Agency, has the authority to require any Federal Home Loan Bank to repay obligations for which another Bank is the primary obligor.
