White House press secretary Robert Gibbs said President Obama would be receiving regular updates on the situation in Hawaii and Chile in the White House Situation Room.
The president made a statement outside the White House this afternoon, offering his condolences to victims of the Chile quake and assurances that the administration is making preparations for the tsunami.
"We can't control nature, but we can and must be prepared for a disaster if and when it strikes," Obama said.
The Federal Emergency Management Agency said it has "pre-deployed assets" in Hawaii, including food, water, generators and other resources ready to roll out as needed.
Tsunami warnings were also issued Saturday for Guam, American Samoa and coastal areas of California and Alaska.
The PTWC forecasted waves of 2 to 3 feet could surge on the California beaches of La Jolla, Santa Monica, Los Angeles and Morro Bay. But many of those beaches only saw waves of less than 2 feet.
Following a 9.5-magnitude quake that struck Chile in 1960, the ensuing tsunami killed more than 200 people, including 61 in Hawaii.
ABC News' Arash Ghadishah, David Herndon and Luis Martinez contributed to this report along with The Associated Press and ABC affiliate KITV in Honolulu, Hawaii.