The Federal Home Loan Bank of Pittsburgh is suing Lehman Brothers Holdings Inc. for $41.5 million in cash that the bank says Lehman improperly shifted to its affiliates in the wake of its collapse and sale to Barclays PLC.

The home loan bank said in a lawsuit filed Wednesday that the cash, which is collateral posted by the bank and held by Lehman related to various swap transactions between the two firms, was transferred to various Lehman affiliates, including its own commercial banking units.

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