UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | June 22, 2012 |
Federal Home Loan Bank of Pittsburgh
__________________________________________
(Exact name of registrant as specified in its charter)
| Federally Chartered Corporation | 000-51395 | 25-6001324 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 601 Grant Street, Pittsburgh, Pennsylvania | 15219 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 412-288-3400 |
Not Applicable
______________________________________________
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In consideration of his impending separation from member ING Bank, fsb ("ING") Federal Home Loan Bank of Pittsburgh ("Bank") Director John C. Mason, Chief Investment Officer and Treasurer of ING, has resigned as a Bank Director effective close of business on June 22, 2012. Mr. Mason’s seat on the Bank’s Board of Directors ("Board") is a member director position allocated to Delaware.
Under the rules of the Federal Housing Finance Agency, the Bank’s Board is required to select an officer or director of a Bank member located in Delaware to fill the vacant position for the remainder of Mr. Mason’s term, which expires on December 31, 2014. On June 22, 2012, the Board elected Lynda A. Messick, President and Chief Executive Officer of Community Bank Delaware, to fill the remainder of Mr. Mason’s term. The Board also appointed Ms. Messick to its Finance & Risk Management and Governance, Public Policy & Human Resources Committees. Ms. Messick will be compensated in accordance with the Bank’s 2012 Directors’ Fee Policy.
The Bank is a cooperative, and most of the Bank’s business is conducted with its members. In the normal course of its business, the Bank extends credit to and transacts other business with members whose officers or directors may serve as member directors of the Bank. It is the Bank’s policy to extend credit to and transact other business with members having directors or officers serving on the Bank’s Board on terms and conditions that are no more favorable than the terms of comparable transactions with similarly situated members having no Board representation.
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.
| Federal Home Loan Bank of Pittsburgh | ||||
| June 25, 2012 | By: | Dana A. Yealy | ||
| Name: Dana A. Yealy | ||||
| Title: Managing Director, General Counsel and Corporate Secretary | ||||