0001299933-15-000150.txt : 20150129 0001299933-15-000150.hdr.sgml : 20150129 20150129153354 ACCESSION NUMBER: 0001299933-15-000150 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150123 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150129 DATE AS OF CHANGE: 20150129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federal Home Loan Bank of Pittsburgh CENTRAL INDEX KEY: 0001330399 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 000000000 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51395 FILM NUMBER: 15558740 BUSINESS ADDRESS: STREET 1: 601 GRANT STREET CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 412-288-3400 MAIL ADDRESS: STREET 1: 601 GRANT STREET CITY: PITTSBURGH STATE: PA ZIP: 15219 8-K 1 htm_51206.htm LIVE FILING Federal Home Loan Bank of Pittsburgh (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   January 23, 2015

Federal Home Loan Bank of Pittsburgh
__________________________________________
(Exact name of registrant as specified in its charter)

     
Federally Chartered Corporation 000-51395 25-6001324
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
601 Grant Street, Pittsburgh, Pennsylvania   15219
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   412-288-3400

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 23, 2015 the Board of Directors of the Federal Home Loan Bank of Pittsburgh ("Bank") elected Pamela C. Asbury, Vice President, Genworth Life Insurance Company, to fill the vacant Delaware Member Director position. Ms. Asbury was elected to serve the remainder of former Delaware Member Director Gary T. Prizzia’s term which expires on December 31, 2015.

The Bank’s Board selected Ms. Asbury in accordance with the rules of the Federal Housing Finance Agency, requiring the Board to select an officer or director of a Delaware member of the Bank to fill the vacant position for the remainder of the term. Ms. Asbury will serve on the Audit Committee and Government Relations and Public Policy Committee of the Board and will be compensated in accordance with the Bank’s 2015 Directors’ Compensation Policy.

The Bank is a cooperative and most of the Bank’s business is conducted with its members. In the normal course of its business, the Bank extends credit to and transacts other business with members whose officers or directors may serve as member directors of the Bank. It is the Bank’s policy to extend credit to and transact other business with members having directors or officers serving on the Bank’s Board on terms and conditions that are no more favorable than the terms of comparable transactions with similarly situated members having no Board representation.





Item 7.01 Regulation FD Disclosure.

Attached as Exhibit 99.1 to this Form 8-K is a copy of the Bank’s press release regarding Director Asbury’s election. The information being furnished pursuant to Item 7.01 on this Current Report on Form 8-K and the information contained in Exhibit 99.1shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.





Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit Number

99.1 Press Release dated January 29, 2015 issued by the Bank





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Federal Home Loan Bank of Pittsburgh
          
January 29, 2015   By:   /s/ Dana A. Yealy
       
        Name: Dana A. Yealy
        Title: Managing Director, General Counsel and Corporate Secretary

Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press Release dated January 29, 2015 issued by the Bank
EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

Press Release

    FOR IMMEDIATE RELEASE

Contact: Terri McKay, FHLBank Pittsburgh: 412-288-2830; cell 412-523-8511

Tmckay@fhlb-pgh.com

FHLBank Pittsburgh Announces Results in Board Election

PITTSBURGH, January 29, 2015 – The Board of Directors of the Federal Home Loan Bank of Pittsburgh (FHLBank) has selected a new director, Pamela C. Asbury, Vice President of FHLBank member Genworth Life Insurance Company, to fill an open Delaware director seat on the Board. The Bank’s Board selected Ms. Asbury in accordance with the rules of the Federal Housing Finance Agency, requiring the Board to select an officer or director of a Delaware member of the Bank to fill the remaining unexpired term of the vacant position. Ms. Asbury’s term expires December 31, 2015.

In addition to serving as Vice President of Genworth Life Insurance Company, Ms. Asbury is also Vice President of Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company of New York. With 28 years of experience in the insurance industry, Ms. Asbury currently leads Genworth’s Institutional Markets Group, which develops and manages products and programs, including guaranteed investment contracts, funding agreements, funding agreement-backed notes and various accident and health policies. She led the development of the funding agreement program designed for use with FHLBank advances. Genworth has FHLBank memberships in Atlanta, New York and Pittsburgh and has been part of the Federal Home Loan Bank System since 2008.

Ms. Asbury is a member of the American Council of Life Insurers’ Federal Home Loan Bank Working Group. She received her undergraduate degree from Virginia Commonwealth University’s School of Business and is a certified Six Sigma Black Belt under the GE Capital Project Management Program. Her diverse skill set includes investment strategies, risk management, portfolio management and financial risk management.

As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is one of 12 banks in the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and economic growth in all economic cycles.

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