Latest Direction Net gain will likely will always be lower because of: Suffered lower get better account Full lower rate of interest environment Even more homes attempts Remain giving an answer to company conditions and member means We will always be focused on our people and people Panel improve six The above mentioned reflects forward-lookin guidance based on management’s traditional from financial and you can business standards as well as the Bank’s monetary standing and you will performing performance.

2021 Company Features Improve balances closed on $14 billion Apparently secure page from borrowing (LC) balances at $19 billion Uniform Home loan Commitment Loans (MPF) Program portfolio totaled $5 mil; 2021 fundings off $1.3 billion High demand to own community money issues Almost $45 mil granted for the 2021 area returns “Financial Union Money and you may “MPF” was joined trademarks of Federal Home loan Bank out-of Chicago.

A total of $49

2021 Company Shows Proceeded Circulated on the internet financial site and you may related software Positively engaged participants and you can outside stakeholders Obtained home-based financial eNotes given that qualified collateral First started comparing closed-prevent family collateral loans as the next qualified eNote mortgage type Started try to see the feasibility regarding accepting industrial home eNotes since the eligible guarantee; zero offered industry solution

2021 Neighborhood Bonus Shows Strategy Groups was a subscribed services draw of one’s Federal Mortgage Bank regarding Pittsburgh. *Includes fallout out of latest and early in the day rounds. 1FHLBank also provides Home4Good in partnership with about three loans Bayfield CO condition Construction Finance Businesses (HFAs): Delaware County Houses Expert, Pennsylvania Housing Fund Department and you will West Virginia Casing Invention Money. 2Does perhaps not is commitments according to the Community Financing System otherwise HFAs share to help you Home4Good. nine billion awarded2 for the 2021 $six.5M granted* Readily available 16 months $225K obligations Support groups: 2 De-, 5 PA, 6 WV $dos.6B rotating pond $22.8M from inside the commitments* $75.1M questioned $11.5M into the requirements* Available 14 months $step three.9M Financial funds $dos.3M HFA1 fund 17.2M questioned Affordable Property System Financial Into the Company BlueprintCommunities Neighborhood Lending Program Earliest Front door Home4Good

Extremely important Schedules/Incidents 0 User involvement Throughout the 2022: Diversity, security and addition interest communities March-April: Biennial user satisfaction survey administered User reporting: March-April: Annual minimum inventory certification offered Qualifying Collateral Statement (QCR) due Affiliate education: February 15: Asset/Accountability Management Webinar Community financing activities round open positions: March fourteen: Basic Door, $six

Historic Economic Overall performance Vibrant financial support construction enjoys helped keep up with the dividend spread to provided financing. (for the many) 2021 2020 2019 Alter Financial Perfomance Net income 86 $ 210 $ 317 $ (231) $ Economic Abilities Motorists Average Enhances 16,178 $ 47,874 $ 72,173 $ (55,995) $ Provided Fund Speed 0.08% 0.36% dos.16% (dos.08%) Capital Capital dos,736 $ step three,042 $ 4,473 $ (step 1,737) $ Bonus Bonus Spread to Fed Financing 4.62% 5.99% 5.29% (0.67%)

Impatient Working environment is impacted by constant business vehicle operators: Lower affiliate progress request Estimated growing, but really reduced, short-label rates Home loan-supported protection and you can MPF Program requests and paydowns Disciplined expense management over the years Coming returns was subject to industry requirements and you may FHLBank’s results of procedure: All of our presumption should be to take care of the current bonus level from April percentage Grows in the provided finance rates you are going to positively impact bonus inside the subsequent household We will continue steadily to display bonus traditional The above reflects forward-looking suggestions based on management’s standard of financial and you may market criteria, and FHLBank’s monetary updates and performing results.

5 billion Summer fifteen: Banking For the Organization, $6 billion June twenty-eight: AHP money round, $eight million1 June 28: Voluntary housing offer step, $10 billion 1Additional resource returned regarding previous ideas might possibly be additional towards AHP pool all year long

Contact us Company Invention Executives Jeff Acquafondata (MPF Program) -pgh Fred Banuelos (People Financing) -pgh Fred Duncan -pgh Statement McGettigan -pgh Vince Moye -pgh Tom Westerlund -pgh Leadership Winthrop Watson -pgh Dave Paulson -pgh Draw Evanco -pgh fhlb-pgh FHLBank Pittsburgh Member Qualities (8 an excellent.yards. to help you 5 p.yards., Saturday courtesy Tuesday) 800-288-3400, choice dos otherwise -pgh