Refer to Cautionary-Declaration From Send-Looking Information regarding slide step three on the demonstration

Most recent Angle Net income will continue to be straight down because of: Sustained low improve profile Total all the way down interest rate ecosystem Extra homes attempts Remain responding to organization requirements and you may member means We will always be focused on the some one and society Board modify 6 The above shows submit-looking recommendations predicated on management’s traditional away from economic and you may market standards in addition to Bank’s economic condition and you can operating results.

2021 Team Highlights Advance stability closed from the $14 billion Apparently steady letter of credit (LC) stability at $19 million Uniform Financial Relationship Financing (MPF) System profile totaled $5 million; 2021 fundings from $step 1.step three million High demand to have people funding situations Nearly $forty-five mil granted within the 2021 area returns “Mortgage Union Finance and you will “MPF” try registered trademarks of your Federal Financial Financial of Chi town.

A maximum of $forty-two

2021 Business Shows Went on Circulated on line financial webpage and you can related programs Actively interested participants and you will additional stakeholders Received residential mortgage eNotes given that eligible collateral Began contrasting finalized-avoid household equity finance due to the fact second qualified eNote loan sort of Started work to understand the feasibility off accepting commercial a property eNotes due to the fact qualified security; zero offered industry services

2021 Neighborhood Dividend Features Blueprint Organizations try an authorized solution draw of the Federal Mortgage Lender of Pittsburgh. *Is sold with fallout out of current and prior rounds. 1FHLBank offers Home4Good together with about three condition Casing Funds Agencies (HFAs): Delaware State Housing Authority, Pennsylvania Homes Finance Institution and you can Western Virginia Houses Creativity Fund. 2Does maybe not are duties beneath the Area Lending System otherwise HFAs sum in order to Home4Good. 9 billion awarded2 in 2021 $six.5M awarded* Offered sixteen months $225K responsibilities Help teams: 2 De, 5 PA, six WV $dos.6B revolving pool $twenty two.8M into the commitments* $75.1M asked $11.5M within the responsibilities* Available 14 weeks $3.9M Lender finance $2.3M HFA1 finance 17.2M asked Affordable Casing Program Financial Towards the Team BlueprintCommunities People Financing System Basic Front door Home4Good

Important Dates/Incidents 0 Member engagement During the 2022: Variety, equity and inclusion appeal teams February-April: Biennial user satisfaction questionnaire administered User reporting: March-April: Yearly minimum stock certification readily available Qualifying Guarantee Declaration (QCR) due Associate training: March 15: Asset/Accountability Government Webinar Community funding issues bullet spaces: February fourteen: Earliest Front door, $6

Historical Financial Results Vibrant money design has aided retain the dividend spread to fed money. (within the millions) 2021 2020 2019 Alter Economic Perfomance Net income 86 $ 210 $ 317 $ (231) $ Economic Results Motorists Mediocre Enhances 16,178 $ 47,874 $ 72,173 $ (55,995) $ Provided Financing Speed 0.08% 0.36% dos.16% (dos.08%) Funding Funding 2,736 $ step three,042 $ cuatro,473 $ (1,737) $ Bonus Dividend Wide spread to Given Funds cuatro.62% 5.99% 5.29% (0.67%)

Looking forward Doing work environment tends to be affected by ongoing providers drivers: Lower affiliate improve request Estimated growing, yet , reduced, short-name interest rates Financial-recognized cover and you will MPF Program orders and you will paydowns Self-disciplined expenses management over the years Upcoming returns are at the mercy of business requirements and you can FHLBank’s loans Mcintosh Alabama consequence of procedure: Our very own assumption is to try to maintain the current dividend top through the April payment Increases when you look at the fed finance speed you can expect to favorably feeling bonus during the further residence We will continue to promote bonus criterion The new above reflects submit-looking information based on management’s standards from monetary and sector standards, and you may FHLBank’s economic standing and functioning results.

5 mil June fifteen: Banking Towards the Providers, $six mil Summer twenty eight: AHP capital bullet, $7 million1 June 28: Voluntary construction give effort, $ten million 1Additional funding returned of early in the day tactics could be extra towards the AHP pool all year long

Contact us Organization Creativity Executives Jeff Acquafondata (MPF System) -pgh Fred Banuelos (People Money) -pgh Fred Duncan -pgh Expenses McGettigan -pgh Vince Moye -pgh Tom Westerlund -pgh Leadership Winthrop Watson -pgh Dave Paulson -pgh Mark Evanco -pgh fhlb-pgh FHLBank Pittsburgh User Attributes (8 good.yards. so you’re able to 5 p.m., Tuesday by way of Saturday) 800-288-3400, alternative dos or -pgh