Seattle Bank Advance Offering
Although rates remain at all-time lows, the yield on the 10-year Treasury has increased nearly 50 basis points in just over
a month—reminding us of just how quickly things can change. What can you do today to protect your institution against a
future rise in rates? Consider adding some duration-defined, fixed-rate funding to your balance sheet. Our discounted pricing
on 5-, 7-, and 10-year fixed-rate, bullet-maturity advances offers a great opportunity.
Rates as of
Wednesday: 6/19/2013
5-year: 1.48%
7-year: 2.19%
10-year: 2.93%
Contact the Seattle Bank Funding Desk (800.973.6223) for more information and to place your order.
Seattle Bank Auction Advances
During these competitive times, your cost of funds may be one of the few remaining levers you have to push to improve your financial metrics. Maintaining flexibility and lowering interest expense are critical. We’re here to help.
Our Auction Advances are great tactical funding tools that allow you to efficiently execute on short-term tenors to replace “hot-money” or fill liquidity gaps. In addition, Auction Advances will typically save you a few basis points relative to non-auction advances of similar terms. Auction Advances are available in 28-, 63-, 91-, and 182-day terms and rates are listed below.
Contact the Seattle Bank Funding Desk (800.973.6223) for more information and to place your order.
Symmetrical Prepayment Advances Now Available!
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The Seattle Bank’s Symmetrical Prepayment Advance allows a borrower to prepay an
advance—and realize a gain—if interest rates rise to levels greater than those that
existed when the advance was originated. These fixed-rate advances are available
in terms ranging from one to 30 years, with funds available same day. The minimum
advance balance is $5.0 million (per note), and prepayment is available daily, subject
to advance notice.
Rates as of
Wednesday: 6/19/2013
3-year: 0.92%
4-year: 1.28%
5-year: 1.61%
Please read the Symmetrical Prepayment Advance funding strategy for more information. Call 800.973.6223 to place your order!
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The Seattle Bank is pleased to announce the availability of Short-Term CIP/EDF Advances. These advances
are available in terms ranging from 12 to 35 months and are offered at a discount of 20 basis points from the posted rate.
Sample rates as of
Wednesday: 6/19/2013
12-month: 0.23%
18-month: 0.31%
24-month: 0.41%
Contact Member Services at 800.973.6223 for rate quotes for specific terms.
Please visit the CIP/EDF section
of our website for program information and complete the CIP/EDF Application
to apply. Contact the Community Investment Department with any questions regarding program requirements.