UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
(Exact name of registrant as specified in its charter)
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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:
Securities registered or to be registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
On March 8, 2022, the Federal Home Loan Bank of Pittsburgh (“FHLBank”) issued a member communication notifying members of a decrease, effective April 5, 2022, in the current dollar cap, from $45 million to $25 million, on the membership stock purchase requirement under the FHLBank’s Capital Plan (“Plan”). Per the terms of the Plan, the FHLBank’s Board of Directors approved the decrease. Such decrease was within a previously approved range under the Plan and, therefore, did not require an amendment to the Plan. The effective date coincides with the FHLBank’s annual recalculation of members’ minimum capital stock requirement and the membership asset value certification process. Repurchases of any excess stock will be made by the FHLBank on the day following the effective date.
The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K shall not be deemed to be "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.
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.
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Federal Home Loan Bank of Pittsburgh |
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March 8, 2022 |
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By: |
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/s/ Julie F. Spiker |
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Name: Julie F. Spiker |
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Title: General Counsel, Corporate Secretary and Ethics Officer |
Cover |
Mar. 08, 2022 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Mar. 08, 2022 |
| Entity Registrant Name | Federal Home Loan Bank of Pittsburgh |
| Entity Central Index Key | 0001330399 |
| Entity File Number | 000-51395 |
| Entity Tax Identification Number | 25-6001324 |
| Entity Address, Address Line One | 601 Grant Street |
| Entity Address, City or Town | Pittsburgh |
| Entity Address, State or Province | PA |
| Entity Address, Postal Zip Code | 15219 |
| City Area Code | 412 |
| Local Phone Number | 288-3400 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
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