The Seattle Bank, a federally chartered corporation organized in 1964, is a member-owned cooperative. We provide liquidity, funding, and services to enhance the success of our members and support the availability of affordable homes and economic development in the communities they serve. We make collateralized loans, which we call advances, provide letters of credit, accept deposits, and provide educational programs and other services to our members. We conduct most of our business with or through our members and do not conduct business directly with the general public. We also work with our members and a variety of other entities including nonprofit organizations, to provide affordable housing and community economic development funds, through direct subsidy grants and low- or no-interest loans, for individuals and communities in need. We further fulfill our mission of supporting housing finance and economic development by investing in mortgage-backed securities (MBS) and other securities, such as bonds issued by local and state housing finance agencies, that increase our CMA assets and provide for a profitable and stable cooperative. The Seattle Bank is one of 12 regional FHLBanks that comprise the FHLBank System. The FHLBank System was created by Congress under the authority of the Federal Home Loan Bank Act of 1932, as amended (FHLBank Act), to ensure the availability of mortgage funding to expand homeownership throughout the United States (U.S.). Each FHLBank is a separate GSE and operates with its own board of directors, management, and employees. Each FHLBank is responsible for a particular district within the U.S. Our district, the Twelfth District includes Alaska, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming, and the U.S. territories of American Samoa and Guam, and the Commonwealth of the Northern Mariana Islands. Eligible institutions purchase capital stock in their regional FHLBank as a condition of membership (membership stock) and purchase additional capital stock to support their advance and mortgage loan activity (activity-based stock).
Company profile
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Latest filings (excl ownership)
15-12G
Securities registration termination
1 Jun 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
19 May 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
12 May 15
10-Q
2015 Q1
Quarterly report
7 May 15
8-K
First Quarter 2015 Unaudited Preliminary Financial Highlights
29 Apr 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
28 Apr 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
23 Apr 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
21 Apr 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
16 Apr 15
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
31 Mar 15
Latest ownership filings
No filings