Financials and Capital

FHLBank Pittsburgh’s capital structure primarily consists of retained earnings and member-contributed capital stock. FHLBank capitalizes itself with membership stock and activity stock. Membership stock is required as a condition of membership whether a member has any activity with FHLBank or not. Activity stock is purchased by members to support their activity with FHLBank. As our current practice is to repurchase excess capital stock from members regularly, the level of activity stock members hold fluctuates as their activity level changes. Scalability – the ability to grow and shrink with business needs – helps us to optimize financial returns in all business cycles.