Emergency Funding Instructions

To help ensure that Seattle Bank members will have timely access to funding in the event of a disaster, the Seattle Bank has made emergency funding arrangements with the Federal Home Loan Bank of Pittsburgh. Under this arrangement, the Pittsburgh Bank will provide our members with access to overnight advances in the event that the Seattle Bank is unable to do so. All transactions are subject to the Pittsburgh Bank’s financial and operational capacity to provide emergency funding.

In order to expedite the transaction and ensure that a funding request is granted in accordance with Seattle Bank policies, the Pittsburgh Bank must have a current record of our members’ Federal Reserve Bank draw-down instructions or information regarding the correspondent bank that will initiate the draw-down request.

If your institution changes correspondent banks, please notify the Seattle Bank immediately by completing our Emergency Funding Instructions form (pdf) and faxing the completed form to 206.340.2350.

If the Seattle Bank experiences an event that requires the Pittsburgh Bank to provide emergency funding, you will receive instructions on how to contact the Pittsburgh Bank to make funding arrangements. Depending on the situation, we will notify our members by fax and/or email, as well as by posting appropriate contact information on our Web site.

If you have questions about this agreement, the Emergency Funding Instructions form, or our contingency planning, please contact Member Services at 800.426.7538, or send email to Karen Mefford, Member Services Manager.