2012 Member News

Seattle Bank Files Second Quarter 2012 Form 10-Q with SEC

August 10, 2012

Dear Seattle Bank Members,

The Federal Home Loan Bank of Seattle (Seattle Bank) today filed its Second Quarter 2012 Form 10-Q with the Securities and Exchange Commission (SEC). As previously announced, the Seattle Bank reported $22.9 million of net income, compared to a net loss of $28.1 million for the same period in 2011. The bank attributes the increases 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, partially offset by declines in other non-interest income and increases in operating expenses.

You can access our Second Quarter 2012 Form 10-Q on the Financial Highlights page of our website.

Seattle Bank members are cordially invited to attend our Q2 2012 Earnings Call on Friday, August 17. The meeting will be broadcast in a web seminar format. The event will include a formal presentation followed by a question-and-answer period. You may submit questions during the event or in advance with your registration form. You will need your institution's docket number when registering for this event. Register online. Please note that this event was originally scheduled for Tuesday, August 14.

Please contact a member of the Seattle Bank Relationship Management Team with any questions you have regarding our financial results.

Contact:

Seattle Bank Relationship Management Team:
John Biestman   206.340.2473
Debra Davis 206.340.8663
Brett Manning 206.340.2472
Jim Mochizuki 206.340.2345
Glen Simecek 206.340.2443
Mike Terry 206.340.2484
Chris Thomas 206.340.2370

###