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

Federal Home Loan Bank of Pittsburgh
__________________________________________
(Exact name of registrant as specified in its charter)

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.

On November 21, 2014, the Board of Directors ("Board") of the Federal Home Loan Bank of Pittsburgh ("Bank") reviewed the results of the recent election of a Pennsylvania Member Director and non-member Independent Public Interest Director by stockholders of the Bank that concluded on November 17, 2014, and declared the following nominees elected or re-elected (as applicable) to serve 4-year terms on the Board, beginning January 1, 2015 and ending December 31, 2018:

Pennsylvania Member Director

Ms. Charlotte B. McLaughlin, Executive Vice President, PNC Bank, N.A., was re-elected to the Board. Ms. McLaughlin has served on the Bank’s Board since 2011.

Independent Public Interest Director

Mr. Glenn R. Brooks, Chief Operating Officer And Senior Vice President, Leon N. Weiner & Associates, Inc. has been elected to the Board.

Attached as Exhibit 99.1 is a press release issued by the Bank announcing the results of the election. The election of the Pennsylvania Member Director and non-member Independent Director took place in accordance with the terms of the Federal Home Loan Bank Act and the Federal Housing Finance Agency ("Finance Agency") Regulations. No in-person meeting of the members was held. The Board has not yet determined on which committees each of these directors will serve beginning in 2015. All directors serving on the Bank's Board for 2015 will receive compensation under the Bank's 2015 Director Compensation Policy, which has not yet been finalized. Director compensation is subject to the terms of Finance Agency Regulations and is also subject to Finance Agency review.

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. In addition, the Bank may have transactions with Independent Directors as well. For further information regarding such transactions, including information regarding related person transactions as defined in 17 C.F.R. 229.404(a), see Item 13 of the Bank’s 2013 Annual Report on Form 10-K filed with the SEC.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On November 21, 2014, the Bank declared the voting results for its 2014 election of a Pennsylvania Member Director and a non-member Independent Director as described in Item 5.02 of this Current Report. Complete voting results are included in the Bank's letter to members dated November 21, 2014, attached as Exhibit 99.2 to this Current Report on Form 8-K.

Item 7.01 Regulation FD Disclosure.

Attached as Exhibit 99.1 and Exhibit 99.2 to this Form 8-K are a copy of the Bank’s press release and letter to members dated November 21, 2014 regarding the results of the director election. The information being furnished pursuant to Item 7.01 on this Current Report on Form 8-K and the information contained in Exhibit 99.1 and Exhibit 99.2 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit Number

99.1 Press Release dated November 21, 2014 issued by the Bank
99.2 November 21, 2014 Letter to Members Regarding 2014 Director Elections

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.

Exhibit Index