Amended and Restated Effective June 26, 2007 Revised September 26, 2007, December 19, 2008, December 18, 2009, and October 26, 2012

"Account" means the book reserve account established and maintained hereunder to record the contributions deemed to be made by the Participant and the Bank, as well as the increase in value attributable to the earnings thereon, all as described hereafter.

“Bank" means the Federal Home Loan Bank of Pittsburgh.

“Bank Deferral" means an amount allocated by the Bank to a Participant's Account pursuant to Section 3.3.

"Beneficiary" means the person or persons designated by a Participant under the provisions of this Supplemental Thrift Plan to receive his/her benefits in the event of his/her death prior to receipt of all benefits hereunder. If no person is designated by a Participant or the designated person or persons do not survive the Participant, the Participant's Beneficiary shall be his/her estate. If a Beneficiary who is receiving payments from a Participant's Account dies before the entire Account has been distributed, the remaining payments shall be made to the Beneficiary's estate.

"Board" or "Board of Directors" means the Board of Directors of the Federal Home Loan Bank of Pittsburgh.

“Code” means the Internal Revenue Code of 1986, as amended from time to time.

"Compensation" means annual base salary plus incentive compensation. Provided that, as to any incentive compensation award under an incentive plan adopted by the Bank and in effect from time to time the amount that is included in “Compensation” shall not exceed the following (expressed as a percentage of Participant's base salary): 1) President and CEO-50%; 2) other executive committee members-37.50%; and 3) other Participants-30%.

"Deferral Election" means a Participant's irrevocable election to defer a portion of his/her Compensation.

"Deferral Period" means the period commencing with the date a Deferred Amount is first credited to a Participant's Account and continuing until payment of the final installment of a Participant's Deferred Amount.

"Deferred Amount" means the sum of all amounts deferred pursuant to a Participant's Deferral Election, plus the Bank match, plus investment earnings thereon, plus any increments thereof credited to the Participant's Account, less any benefit payments made from the Participant's Account.

"Disability" means with respect to eligibility for payment of a Participant's vested benefit under the Plan through December 31, 2004, a Participant's total or partial disability as determined by the Thrift Plan in accordance with the Thrift Plan in effect at October 3, 2004. With respect to eligibility for payment of a Participant's vested benefit amounts under the Plan after December 31, 2004, “Disability” means that the Participant is: a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; b) by reason of any medically determinable physical or mental impairment, which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank; or c) determined to be totally disabled by the Social Security Administration.

"Effective Date" means January 1, 1991.

"Employee Deferral" means an amount deferred by a Participant under the Plan.

"Governance, Public Policy, and Human Resources Committee" means the Governance Committee of the Board including any successor Board Committee as shall be designated by the Board from time to time as having responsibility for Bank compensation and benefits programs.

"Participant" means an executive or other key employee who has been recommended by the President, and confirmed by the Board, as eligible to participate in the Plan.

"Plan Administrator" means such officer(s) or manager of the Bank who has been appointed by the Governance Committee to administer the Plan as set forth in Section 6.1 of the Plan. The Human Resources Director (and any successor) shall serve as the Plan Administrator unless the Board shall appoint another Bank officer(s) or manager.

Eligibility to Participate. A Participant shall become eligible for Plan participation on the later of the first day of the calendar month coincident with or next following the date his/her participation is approved by the Board or the Effective Date. Once selected as a Participant, the Participant shall continue as a Participant until the Board determines otherwise. No Participant shall have the right to continue as a Participant in the Plan.

Termination of Participation. No further Employee Deferrals or Bank Deferrals shall occur with respect to a Participant after the Participant's employment with the Bank terminates. However, until the amounts in a Participant's Account are fully paid out to the Participant and/or his/her Beneficiary, the Participant's Account shall continue to be notionally invested as provided in Section 4.2, and the Participant (or his/her Beneficiary) shall continue to have the right to change such investments by written notice (which includes electronic notice and in the form prescribed by the Plan Administrator) to the Plan Administrator. Once a Participant's Account has been fully paid out, such Participant shall cease to be a Participant in the Plan and neither the Participant nor his/her Beneficiary shall have any further rights hereunder.

Deferral Elections. The Plan Administrator shall provide each Participant with a form on which to make a Deferral Election within 10 days after such Participant becomes eligible to participate in the Plan and at least 30 days prior to the end of each calendar year. Each Participant shall execute and deliver the Deferral Election to the Plan Administrator no later than the last business day of each calendar year with respect to Compensation to be earned and amounts eligible pursuant to the incentive compensation plan to be earned in the following calendar year excluding any Deferred Incentive Award.

(i) As to amounts earned in the first calendar year of participation, no modification of a Deferral Election may be made more than thirty (30) days after a Participant becomes eligible to participate in the Plan; and (ii) as to amounts earned in the second and subsequent calendar years of participation, no modification of a Deferral Election may be made after December 31 of the calendar year preceding the calendar year in which the amounts are earned; and

as to amounts in a Participant's Account which are not vested as of December 31, 2004, the last four sentences of Section 5.5 shall apply.

Employee Deferrals. Once the Participant has made the maximum amount of employee contributions allowable under the Thrift Plan in a calendar year, additional amounts shall be deferred under this Plan in accordance with the Participant's Deferral Election. Amounts deferred under this Plan with respect to any calendar year may not exceed 80 percent of the sum of the Participant's Compensation and amounts earned pursuant to the incentive plan then in effect during such calendar year less the Participant's contributions to the Thrift Plan; provided that, in no event shall a Participant be able to defer under this Plan any portion of a Deferred Incentive Award. For this purpose, a Participant's contributions to the Thrift Plan shall include any after‑tax contributions to the Thrift Plan by such Participant.

Accounts. The total of the Employee and Bank Deferrals shall be credited monthly to the applicable Participant Account as the deferred amounts are earned and shall be recorded on the financial books and records of the Bank as a liability owed to the Participant.

Notional Investments. Effective November 1, 2007, all Employee and Bank Deferrals credited to a Participant's Account will be assumed to be notionally invested in the investment funds selected by Participant from time to time from a list provided to the Participant by the Bank (such list is referred to as the “Eligible Investments”). Such Eligible Investments shall be substantially similar to the investment choices available under the Thrift Plan from time to time. Each Participant's notional share in the investment funds shall be represented by notional units in such funds. Each valuation day the number of new notional units credited to a Participant in the investment funds will be determined by dividing the total amount of such Participant's Employee and Bank Deferrals notionally invested in the investment funds during the month by the unit value of the investment funds as of the most recent valuation date. The notional allocations of Employee and Bank Deferrals to the investment funds shall be as set forth in the investment election forms completed by each Participant and submitted to the Plan Administrator from time to time. Such election forms may be submitted in electronic form in accordance with instructions from the Plan Administrator or, at the option of the Participant in written form.

Amount of Benefits. A Participant's Account shall be valued as of the last day of the month preceding each month with respect to which the Participant is entitled to receive a distribution hereunder, assuming no contributions were made since the last day of the preceding month. If a contribution was made since the last day of the preceding month, the amount of such contribution shall be added to the value determined under the preceding sentence.

Events Which Trigger Payment of Amounts Vested as of 12/31/04. The amounts in a Participant's Account which are vested as of December 31, 2004, including all earnings thereon, shall become payable to him/her pursuant to Section 5.3 as of the earliest of the date of his/her termination of employment with the Bank, including termination due to death, his/her Disability, or his/her retirement or other Separation from Service as defined above. With respect to amounts in a Participant's Account which are vested as of December 31, 2004, notwithstanding any deferral election previously made, a Participant may at any time submit a request, through the Plan Administrator, to the Governance Committee seeking a distribution of part or all of such amounts for reasons of severe financial hardship or other reasons as permitted under the provisions of the Thrift Plan in its form as of October 3, 2004. The Governance Committee may, in its absolute discretion, grant or refuse any such request. It is the intention of the Board that hardship and other withdrawals of amounts in a Participant's Account which are vested as of December 31, 2004 shall be available for the same reasons as such withdrawals are available from the Thrift Plan (in its form as of October 3, 2004) and that the Participant shall provide such proof and documentation as is required for hardship and other withdrawals from the Thrift Plan.

Amounts Vested as of 12/31/04 - Form and Timing of Payment. When a Participant's Account is payable pursuant to Section 5.2, it shall be paid in a lump sum within 90 days following the applicable payment event set forth in Section 5.2. Alternatively, if the Participant has so elected, the Participant's Account shall be paid in from two to ten annual installments. In the case of installment payments, the first installment payment shall be made within 90 days of the applicable payment event set forth in Section 5.2 and each remaining annual installment shall be paid no later than March 31 of each succeeding year. The amount of the installment payment to be distributed in each calendar year shall be the amount calculated by dividing the value of the Participant's Account as of the immediately preceding month-end by the number of remaining installment payments, including the one whose value is being calculated. The elections and any changes to an election which are permitted hereunder will become effective on the first January 1 which is at least twelve months after the date of the election. Failure to make an election shall result in a lump sum payment within 90 days of the triggering payment event.

Events Which Trigger Payment of Amounts Not Vested as of 12/31/04. The amount in a Participant's Account which is not vested as of December 31, 2004, including all earnings thereon, shall become payable to him/her pursuant to Section 5.5 as of the earliest of the date of his/her termination of employment with the Bank (including retirement or other Separation from Service as defined above), his/her Disability or his/her death. With respect to amounts in a Participant's Account which are not vested as of December 31, 2004, notwithstanding any deferral election previously made, in the event that a Participant suffers an Unforeseeable Emergency, the Participant may submit a request, through the Plan Administrator, to the Governance Committee seeking a distribution of part or all of the amount credited to such Participant's Account. The Governance Committee may, in its absolute discretion, grant or refuse any such request. The amount of a distribution that the Bank may make hereunder in response to such a Participant request shall be limited to the amount needed to satisfy the Unforeseeable Emergency plus taxes reasonably anticipated as a result of the distribution. Distributions shall not be allowed to the extent that the Unforeseeable Emergency may be relieved through reimbursement or compensation by insurance or otherwise, or by liquidation of a Participant's assets (to the extent such liquidation would not itself cause a severe financial hardship).

Amounts Not Vested as of 12/31/04 - Form of Payment. When a Participant's Account is payable pursuant to Section 5.4, it shall be paid in a lump sum within 90 days following the applicable payment event set forth in Section 5.4. Alternatively, if the Participant has so elected, the Participant's Account shall be paid in from two to ten annual installments. Failure to make an election at any time shall result in a lump sum payment. Any change in an installment payment election, from an installment payment election to a lump sum election or from a lump sum election to an installment payment election (“Revised Election”) will become effective on the first January 1 which is at least twelve months after the date of the election. In addition, with respect to any such Revised Election which changes the timing of any payment, each payment to be made to the Participant shall be deferred by a date which is at least 5 years after the date on which such payment would have been made; provided that, for this purpose, a series of installment payments shall be treated as the entitlement to a single payment on the date of the first payment. A Revised Election which changes an Existing Election from installment payments to a lump sum payment shall require that the date of such lump sum payment shall be a date that is at least 5 years from the date the initial installment payment would have been made. Notwithstanding the foregoing or any provision in this Plan, a Revised Election may not cause the impermissible acceleration of any payment, within the meaning of Internal Revenue Code Section 409A or its implementing regulations.

Amounts Not Vested as of 12/31/04 - Timing and Calculation of Installment Payments. Installment payments under this Plan shall be made as follows: the first payment shall be made within 90 days of the payment event with each remaining annual installment paid no later than March 31 of each succeeding year. The amount of the installment payment to be distributed in each calendar year shall be the amount calculated by dividing the value of the Participant's Account as of the immediately preceding month end by the number of remaining installment payments, including the one whose value is being calculated.

Amounts Not Vested as of 12/31/04 - Revision of Existing Payment Election Prior to 12/31/07. The Plan is hereby amended to permit each Participant, on or before December 31, 2007, to amend his/her current payment election as in effect on June 25, 2007, covering amounts not vested as of December 31, 2004. Such a revised payment election shall be referred to as a “Transition Election.” Provided that such Transition Election does not result in a payment in 2007, such Transition Election shall become effective upon receipt by the Plan Administrator and shall not be subject to the terms of Section 5.5. Any Transition Election shall be subject to the requirements of I.R.S. Notice 2006-79.

Death Benefits. In the event of a Participant's death prior to the payment of all amounts in the Participant's Account, the amount then held in the Participant's Account shall become payable to his/her Beneficiary in the same manner as such amount would have been paid to the Participant had he/she not died.

Loans. No loans are available from the Plan.

Governance Committee. The Board has delegated to the Governance Committee authority over, and responsibility for, the interpretation and administration of the Plan; except that the power to determine eligibility for participation in the Plan pursuant to Section 2.1 is reserved to the Board. The Governance Committee shall interpret and construe the Plan and have the responsibility to ensure that its provisions are carried out. The Governance Committee shall exercise such power and responsibilities in its sole and absolute discretion. The Governance Committee shall designate the Plan Administrator.

Plan Administration. The Plan Administrator shall:

act as the point of contact for submission of claims for benefits due under the Plan;

Claims Procedure. All claims for benefits shall be in writing and shall be filed with the Plan Administrator. If the Plan Administrator wholly or partially denies a Participant's or Beneficiary's claim for benefits, the Plan Administrator shall, within 90 days after the Plan's receipt of the claim, give the claimant written notice setting forth in understandable language:

the specific reason(s) for the denial;

specific reference to pertinent Plan provisions on which the denial is based;

a description of any additional material or information which must be submitted to perfect the claim, and an explanation of why such material or information is necessary; and

an explanation of the Plan's review procedure.

Rights to Employment. The establishment of the Plan, and selection of an executive for inclusion as a Participant in the Plan, shall not be construed as conferring any legal rights upon any Participant or other person for the continuation of employment; nor shall it interfere with the rights of the Bank to discharge any Participant and to treat him/her without regard to the effect such treatment might have upon him/her as a Participant in the Plan.

Source of Funding-Participant as General Creditor. The Bank has not established any form of trust or funded account for the purpose of providing benefits under this Plan. In the event that the Bank establishes a rabbi trust or other similar arrangement, such arrangement shall preserve this Plan's status under the Internal Revenue Code as an unfunded nonqualified deferred compensation plan and the assets of the Bank held pursuant to any such arrangement shall remain subject to the claims of the Bank's general creditors. Any Participant who may have or claim any interest in or right to any amount payable hereunder shall rely solely upon the unsecured promise of the Bank, as set forth herein, for the payment of the claim. Nothing herein contained should be construed to give to or vest in any Participant, now or at any time in the future, any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatever owned by the Bank, or in which the Bank may have any right, title or interest, now or at any time in the future. The Plan is not intended to be a qualified plan within the meaning of Section 401(a) of the Code and the Bank shall not be required to qualify the Plan under the Code.

Incapacity. In the event that the Governance Committee shall find that a Participant is unable to care for his/her affairs because of illness or accident, the Governance Committee may direct that any payment due him/her, unless claim shall have been made therefor by a duly appointed legal representative, be paid to his/her spouse, a child, a parent or other blood relative, or to a person with whom he/she resides, and any such payment so made shall be a complete discharge of the liabilities of the Plan therefor.

Reporting and Withholding of Taxes. The Bank shall file Form W-2 and other applicable tax documents as required under applicable federal and state law, including, without limitation, required annual federal tax filings of a Participant's accrued benefits under the Plan. The Bank shall have the right to deduct from each payment to be made under the Plan any required withholding taxes and shall withhold or cause to be withheld from all payments or accruals of benefits under the Plan (if applicable), all federal, state or local taxes required to be withheld by law. The Participant shall be liable for the payment of all taxes on the benefits under the Plan that are the Participant's responsibility under the laws establishing such taxes.

Forfeiture for Cause. The Bank Deferrals and the earnings on the Bank Deferrals otherwise payable by the Plan may be subject to forfeiture for cause at any time. "Cause" shall mean:

the perpetration by a Participant of a defalcation involving the Bank or any affiliate;

willful, reckless or grossly negligent conduct of a Participant entailing a substantial violation of any material provision of the laws, rules, regulations or orders of any governmental agency applicable to the Bank or an affiliate;

the repeated and deliberate failure by a Participant to comply with reasonable policies or directives of the Board of Directors; or

Compliance with Laws. The provisions of the Plan shall be construed, administered and governed under the laws of the United States including, without limitation, Internal Revenue Code Section 409A and implementing regulations and, to the extent they defer to state law, the laws of the Commonwealth of Pennsylvania.

Construction. Whenever any words are used herein in the masculine gender, they shall be construed as though they were also used in the feminine gender in all cases where they would so apply, and whenever any words are used herein in the singular form, they shall be construed as though they were also used in the plural form in all cases where they would so apply. Titles of Articles and Sections hereof are for convenience of reference only and are not to be taken into account in construing the provisions of this Plan. In case any provision of the Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts of the Plan, but the Plan shall be construed and enforced as if said illegal and invalid provision had never been inserted herein.

Amendment and Termination. The Bank specifically reserves the right, in the sole and unfettered discretion of its Board, at any time, to amend, in whole or in part, any or all of the provisions of the Plan and to terminate the Plan in whole or in part; provided, however, that no such amendment or termination shall reduce or eliminate the rights of a Participant accrued hereunder to the date of such amendment or termination. Provided further, that no such termination shall result in an impermissible acceleration of any amount deferred under this Plan that would violate the provisions of Internal Revenue Code Section 409A(a)(3) or Treasury Regulation Section 1.409A-3(j) or any successor regulations.