Monthly e-news for Members of FHLBank Pittsburgh
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Advances: A Practical Complement to Deposit Growth? Faced with mounting emphasis on the liability side of the balance sheet, community banks can benefit from reviewing their deposit and advance opportunities to determine their true marginal cost of funds. |
Bank Files 10-Q The FHLBank filed its Form 10-Q for the second quarter of 2006 with the Securities and Exchange Commission on August 11. |
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2006B AHP Funding Round Opens With the 2006A AHP funding round already awarding $6.58 million to affordable housing projects earlier this year, the 2006B funding round – which opened Tuesday, August 15 – expects to award approximately $6.5 million in additional funding. |
FHLBank Calendar 9/4 Labor Day – Bank closed 9/8-11 PA Association of Community Bankers Annual Convention – Hotel del Coronado, San Diego, CA 9/21-22 Board of Directors' Meeting – Wilmington, DE For full calendar, click here. |
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Members Recognized with 2006 Pillars Awards, Orrstown’s Shoemaker Accepts Council’s Award This summer, FHLBank Pittsburgh recognized four member banks as Pillars of the Community award-winners, as well as Kenneth R. Shoemaker, president and CEO of Orrstown Bank, as the recipient of the Council’s Award for excellence in community investment leadership. |
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FHLBank Pittsburgh is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. FHLBank Pittsburgh provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs so members can better serve their own communities. FHLBank is privately capitalized and funded, does not use taxpayer dollars, and enjoys a triple-A rating. It currently has 334 members in its district of Delaware, Pennsylvania and West Virginia and approximately $74.7 billion in assets. FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan Bank System, established by Congress in 1932 to support the residential mortgage activities of local financial institutions.