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Federal Home Loan Bank of Pittsburgh is in the Financial Services Industry

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FHLBank Pittsburgh Announces Second Quarter 2008 Financial Results; Quarterly Dividend Declared

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh today announced financial results for second quarter 2008, along with the Board of Directors' declaration of a quarterly dividend of 3.5 percent annualized. The results reflect FHLBank Pittsburgh's continuing commitment to support its members' liquidity needs during this period...

Articles 2008-08-05
FHLBank Pittsburgh Awards Nearly $11 Million in Grants: 26 Projects with 1,084 Units of Affordable Housing Funded

PITTSBURGH -- The Board of Directors of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has approved $10.95 million in grants under its Affordable Housing Program AHP. The grants will help finance 26 housing projects - two in Delaware, one in New York, 22 in Pennsylvania...

Articles 2008-06-20
Citizens Bank of Pennsylvania Earns Prestigious Award: Community Investment Record Recognized for Excellence

LAFAYETTE HILL, Pa. -- Citizens Bank of Pennsylvania was honored before its industry peers today for its exceptional record of community investment and service. At a gathering of scores of Pennsylvania banking executives hosted by the Federal Home Loan Bank of Pittsburgh FHLBank, Citizens Bank was presented with...

Articles 2008-06-02
FHLBank Pittsburgh Announces First Quarter 2008 Financial Results; Quarterly Dividend Declared

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank today announced financial results for first quarter 2008, along with the Board of Directors' declaration of a quarterly dividend of 3.75% annualized. Net income for the quarter was $57.5 million. Balance Sheet Highlights Total loans to...

Articles 2008-05-09
$5.3 million for Phila. affordable housing

More than 645 units of affordable housing being developed in Philadelphia are a "shaft of light" for the city in a grim economic landscape, U.S. Sen. Bob Casey said yesterday. "There's frankly a lot of darkness throughout the country right now," Casey said as the Federal Home Loan Bank of...

Articles 2008-03-19

Sen. Casey, Rep. Schwartz, Mayor Nutter Announce $5.3 Million for 645 Units of New or Improved Affordable Housing in the City of Philadelphia

PHILADELPHIA -- U.S. Sen. Robert P. Casey Jr. (D-PA), U.S. Rep. Allyson Y. Schwartz (D-13) and Philadelphia Mayor Michael A. Nutter today announced the awarding of $5.3 million in affordable housing grants for the construction or rehabilitation of 645 units of much-needed affordable housing across the city. The...

Articles 2008-03-18
Auron Named Chief Risk Officer at FHLBank Pittsburgh

PITTSBURGH -- Marshal S. Auron was named today as Chief Risk Officer of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh, effective March 17, 2008. He succeeds J. Michael Hemphill, who is retiring. As Chief Risk Officer, Mr. Auron will lead the Bank's Corporate Risk Management department,...

Articles 2008-03-06
FHLBank Pittsburgh Announces Earnings for 2007; Quarterly Dividend Declared

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh announces financial results for the year and quarter ended December 31, 2007 and the Board of Directors' declaration of a quarterly dividend. Operating Results Net income for the year ended December 31, 2007, was $236.8...

Articles 2008-02-12
FHLBank Pittsburgh Awards $8.9 Million in Grants: 30 Projects with Nearly 1,000 Units of Affordable Housing Funded

PITTSBURGH -- The Board of Directors of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has approved more than $8.9 million in grants under its Affordable Housing Program AHP. The grants will help finance 30 housing projects across Delaware, Kentucky, New Jersey, Pennsylvania, Rhode Island and...

Articles 2007-12-18
FHLBank Pittsburgh Announces Third Quarter 2007 Financial Results; Quarterly Dividend Declared

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh today announced financial results for third quarter 2007, along with the Board of Directors' declaration of a quarterly dividend of 6.0% annualized. Net income for the quarter and nine months ended September 30, 2007, was $64.2...

Articles 2007-11-07
University of Delaware, Federal Home Loan Bank Launch 'Blueprint Communities' Initiative to Help Cities, Towns and Neighborhoods Plan for Long-Term Success: Leadership Training, Capacity Building, New Momentum Coming

WILMINGTON, Del. -- The University of Delaware's Center for Community Research and Service CCRS and the Federal Home Loan Bank of Pittsburgh FHLBank have entered into a partnership to bring the Blueprint Communities revitalization initiative to the First State. Blueprint Communities helps cities, towns and neighborhoods develop stronger...

Articles 2007-11-05
FHFB Appoints Two Directors to FHLBank Pittsburgh Board

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh announced today that the Federal Housing Finance Board FHFB has appointed two directors to the Board of Directors of the Bank. Named were Walter D'Alessio, vice chairman of NorthMarq Capital in Philadelphia and chairman...

Articles 2007-10-26
Sen. Casey, Rep. Holden Celebrate $100 Million Grants Milestone in PA

$1.3 Million More Granted to Area Projects by the Federal Home Loan Bank HARRISBURG, Pa. -- U.S. Sen. Robert P. Casey Jr. (D-PA) and U.S. Rep. Tim Holden (PA-17) joined public, private and nonprofit leaders today in celebrating the $100 million milestone of an affordable...

Articles 2007-09-14
FHLBank Pittsburgh Supports Member Demand for Liquidity

PITTSBURGH -- In light of events affecting the credit markets, the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has experienced an increase in member demand for liquidity and is releasing the following information regarding outstanding balances of collateralized loans to members, also called advances. The third...

Articles 2007-09-13
FHLBank Pittsburgh Announces Second Quarter 2007 Financial Results; Quarterly Dividend Declared

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh today announced financial results for second quarter 2007, along with the Board of Directors' declaration of a quarterly dividend of 6.0 percent annualized. Net income for the quarter ended June 30, 2007, was $52.1 million; for...

Articles 2007-08-08
FHLBank Pittsburgh Awards $8.625 Million in Grants; 31 Projects With More Than 1,100 Units of Affordable Housing Funded

PITTSBURGH -- The Board of Directors of the Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh has approved more than $8.6 million in grants under its Affordable Housing Program AHP. The grants will help finance 31 housing projects across New Jersey, Pennsylvania, West Virginia, Wisconsin and the...

Articles 2007-06-26
Nonprofit Seeks Buyer for Charleston EcoDwell House

CHARLESTON - Those in the market for a new home in the Charleston area might want to check out the one for sale at 1547 Jackson St. The home was built with energy efficiency and earth friendliness in mind. "This project was a partnership with the Charleston Area Alliance," said...

Articles 2007-06-15
A.M. Best Affirms Ratings of Philadelphia Insurance Companies and Liberty American Insurance Group

OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and the issuer credit ratings ICR of "aa-"of Philadelphia Insurance Companies Philadelphia and its members. Concurrently, A.M. Best has affirmed the FSR of A- Excellent and ICRs of "a-" of Liberty...

Articles 2007-06-08
FHFB Appoints Two Directors to FHLBank Pittsburgh Board

PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh FHLBank Pittsburgh announced today that the Federal Housing Finance Board FHFB has appointed two directors to the Board of Directors of the Bank. Named were Patrick A. Bond and Brian A. Hudson. Both were named to...

Articles 2007-05-17
Blueprint Communities Program Helping Shinnston, Salem

A new program by Federal Home Loan Bank Pittsburgh is helping two West Virginia towns plan ways to revitalize their communities. Shinnston and Salem are two of 10 West Virginia communities selected to the program that, if successful, will spread to more communities in Maryland next year, said Lu Bush,...

Articles 2007-05-11

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Incorporated: 1932
Employees: 233

Federal Home Loan Bank of Pittsburgh is a federally chartered corporation, exempt from all federal, state, and local taxation except for real property taxes, is one of twelve District Federal Home Loan Banks which, together with member institutions and the Office of Finance under the supervision of the Federal Housing Finance Board, comprise the FHLBank System.

Co. provides a readily available, low-cost source of funds to its member institutions. As of Dec. 31 2007, assets totaled $101,190,356,000 and deposits totaled $2,448,544,000.

Key Competitors

Federal Home Loan Bank of Pittsburgh Company Info

Board of Directors

Marvin N. Schoenhals

Chmn.

Edwin R. Maus

Edward J. Molnar

Willard L. Phillips Jr.

Paul E. Reichart

Cecil H. Underwood

Rev. Luis Antonio Cortes Jr.

Vice-Chmn.

K. Scott Baker

Basil R. Battaglia

J. Ardie Dillen

William H. Genge

H. Charles Maddy III

Frederick A. Marcell Jr.

Dennis S. Marlo

Contact Information

601 Grant Street

Pittsburgh, PA

http://www.fhlb-pgh.com

412 288-3400

NAICS Code

Real Estate Credit: 522292