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 and SOFR 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.