2012 Member News
Seattle Bank Files First Quarter 2012 Form 10-Q with SEC
May 10, 2012
Dear Seattle Bank Members,
The Federal Home Loan Bank of Seattle (Seattle Bank) today filed its First Quarter 2012 Form 10-Q with the Securities and Exchange Commission (SEC). As previously announced, the Seattle Bank reported $12.9 million of net income, compared to a net loss of $12.1 million for the same period in 2011. The bank attributes the increase in its net income primarily to lower credit-related charges on private-label mortgage-backed securities (MBS) determined to be other-than-temporarily impaired and increased net interest income.
You can access our First Quarter 2012 Form 10-Q on the Financial Highlights page of our website.
Seattle Bank members are cordially invited to attend our Q1 2012 Earnings Call and 2012 Annual Meeting on Tuesday, May 15.
We will host the meeting in Seattle and broadcast in a web seminar format for those who are unable to attend in person. Please
register online and indicate whether you will be attending in person or via the web. Please note that you will need your institution's docket number when registering for this event.
Please contact your Seattle Bank Relationship Manager with any questions you have regarding our financial results.
Toll free: 800.973.6223