Member Audio/Web

Conference

August 2, 2013

Exhibit 99.1

Statements contained in these slides, including statements describing the objectives, projections, estimates, or predictions of the

future

of

the

Bank,

may

be

“forward-looking

statements.”

These

statements

may

use

forward-looking

terms,

such

as

“anticipates,”

“believes,”

“could,”

“estimates,”

“may,”

“should,”

“will,”

or their negatives or other variations on these terms. The Federal Home

Loan Bank of Pittsburgh (the Bank) cautions that, by their nature, forward-looking statements involve risk or uncertainty and that

actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent

to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and

uncertainties including, but not limited to, the following: economic and market conditions, real estate, credit and mortgage markets;

volatility of market prices, rates, and indices related to financial instruments; political, legislative, regulatory, litigation, or judicial

events or actions; changes in assumptions used in the quarterly Other-Than-Temporary Impairment (OTTI) process; risks related

to mortgage-backed securities; changes in the assumptions used in the allowance for credit losses; changes in the Bank’s capital

structure; changes in the Bank’s capital requirements; membership changes; changes in the demand by Bank members for Bank

advances;

an

increase

in

advances’

prepayments;

competitive

forces,

including

the

availability

of

other

sources

of

funding

for

Bank

members;

changes

in

investor

demand

for

consolidated

obligations

and/or

the

terms

of

interest

rate

exchange

agreements

and

similar agreements; changes in the FHLBank System’s debt rating or the Bank’s rating; the ability of the Bank to introduce new

products and services to meet market demand and to manage successfully the risks associated with new products and services;

the

ability

of

each

of

the

other

FHLBanks

to

repay

the

principal

and

interest

on

consolidated

obligations

for

which

it

is

the

primary

obligor

and

with

respect

to

which

the

Bank

has

joint

and

several

liability;

applicable

Bank

policy

requirements

for

retained

earnings

and the ratio of the market value of equity to par value of capital stock; the Bank’s ability to maintain adequate capital levels

(including meeting applicable regulatory capital requirements); business and capital plan adjustments and amendments;

technology risks; and timing and volume of market activity. We do not undertake to update any forward-looking information. Some

of the data set forth herein is unaudited.

Cautionary Statement Regarding Forward-

Looking Information

2

Over/

2013

2012

(Under)

Net interest income

87.5

$           

92.1

$           

(4.6)

$    

Provision (benefit) for credit losses

(1.3)

0.1

(1.4)

Net OTTI credit losses

(0.4)

(10.8)

10.4

All other income

15.1

3.7

11.4

Other expenses

36.0

34.9

1.1

Income before assessments

67.5

50.0

17.5

AHP

6.9

5.0

1.9

Net income

60.6

$           

45.0

$           

15.6

$   

Net interest margin (bps)

30

34

(4)

Six months ended June 30,

Financial Highlights –

Statement of Income

(in millions)

3

Quarterly Net Income

2Qtr 13

1Qtr 13

4Qtr 12

3Qtr 12

2Qtr 12

Net income

32.0

$  

28.6

$  

51.7

$  

33.0

$  

23.2

$  

Net prepayment fees on

advances

0.4

$    

1.7

$     

17.5

$  

2.2

$     

7.4

$     

Net OTTI credit losses

-

(0.4)

(0.4)

(0.2)

(3.6)

Derivative and hedging activity

7.1

1.6

8.1

3.5

(4.9)

(in millions)

4

Quarterly Advance Trend

5

Financial Highlights –

Selected Balance Sheet

Six months ended June 30,

2013

2012

Amount

Average:

Total assets

59,949

$    

55,212

$   

4,737

$   

9

%

Advances

37,578

31,761

5,817

18

Total investments

18,206

19,120

(914)

(5)

June 30, 

Dec 31,

2013

2012

Amount

Spot:

Advances

40,570

$    

40,498

$   

72

$        

-

%

PLMBS (par)

2,566

2,944

(378)

(13)

Retained earnings

616

559

57

10

Percent

Over/(Under)

Over/(Under)

Percent

(in millions)

(in millions)

6

(in millions)

June 30,

Dec 31,

2013

2012

Permanent capital

(1)

3,786

$      

3,807

$      

Excess permanent capital

over RBC requirement

2,747

$      

2,777

$      

Capital ratio (4% minimum)

6.2%

5.9%

Leverage ratio (5% minimum)

9.3%

8.8%

Market value/capital stock (MV/CS)

117.9%

115.1%

Capital Requirements

7

(1)

Permanent

capital

includes

excess

capital

stock

of

$503

million

at

June

30,

2013

and

$624 million at December 31, 2012

•

Dividend declared based on second quarter 2013 results

–

Annualized yield of 1.0%

–

Based on average stock outstanding for second quarter 2013

–

Payment date:  July 30, 2013

•

All remaining excess capital stock repurchased

–

Effective date:  July 29, 2013

–

Payment date:  July 30, 2013

•

Going forward, excess capital stock to be repurchased on a monthly basis

Dividend Payment & Excess Stock Repurchase

8

Member Audio/Web

Conference

August 2, 2013