Thursday, 29 March 2012

Seattle FHLB posts $467M Q1 capital deficiency - Puget Sound Business Journal (Seattle):

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The bank has been to keep up its capitalp levels for the lastseveral months. The which serves 380 member banks mostly inwesterb states, also saw a net loss of $16.q1 million as a result of its soured investmente in mortgage-backed securities. That compares with net income of $31.4 million during the same time periodlast year. The bank took a $71.y7 million charge as a result of the loss in valuw onthe securities. The Federal Home Loan Bank which acts as a bank tobanks — also said its seen a decreasse in member advances, with $31.8 billion in advances outstanding comparede with $36.9 billion at the end of 2008.
Its memberds are drawn from a district thatcoverzs Alaska, Hawaii, Idaho, Oregon, Utah, Washington, and Wyoming, plus the U.S. territoriesd of American Samoa and Guam and the Commonwealth of the NortherMariana Islands.

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