Our members are achieving success with our advance products. Explore our member success stories.
Flexible terms and options help members manage liquidity, improve interest rate risk profiles and support strategies to enhance profitability.
At FHLBank Pittsburgh, we offer a broad range of advances with standard and option-embedded choices. By accessing our funding, members benefit in a variety of ways, including:
Members may choose adjustable or fixed rates that may be repaid without penalty on certain predetermined dates at the member’s option. Returnable advances may be useful for interest rate risk management or to fund assets that include prepayment options.Adjustable-Rate with Cap and/or Floor
To help members mitigate interest rate risk, our adjustable-rate advances are indexed to LIBOR with rate cap and floor options. This type of advance is particularly effective because the rate can be limited to parameters that are aligned with a member’s interest rate risk profile.Convertible Select
Members gain an advantage of below-market fixed rates in exchange for selling an option to convert the advance to a preset, LIBOR adjustable-rate advance at a later time. In the event that we exercise the conversion option, members may select the adjustable-rate funding or return the funds at no charge. This type of advance is available with maturities ranging from two to 15 years and lockout periods starting at three months.