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Look here for current information about the Federal Home Loan Bank of Seattle including special advance offerings, updated product information, community lending initiatives and recent news releases.
Board Declares Fourth Quarter 1998 Dividend of 7.75%
The Federal Home Loan Bank of Seattle's Board of Directors approved a dividend at the annualized rate of 7.75 percent, paid in stock, for the fourth quarter of 1998. The dividend is calculated based on the capital stock outstanding since September 30, 1998. For stock purchased during the quarter, the dividend is computed on the actual pro rata portion of the 92 days in the fourth quarter that the stock was owned. Dividends will be paid on a pro rata basis for any stock redeemed during the quarter.Looking to first quarter 1999, we expect earnings to support a dividend in the area of 7.00 to 7.50 percent. For all of 1999, assuming no changes in our investment authority, our budget targets an average dividend rate of 7.26 percent.
Updates
1999 Holiday Schedule
The Federal Home Loan Bank of Seattle will observe the following holidays in 1999:New Year's Day -- Friday, January 1
Martin Luther King's Birthday -- Monday, January 18
Presidents' Day -- Monday, February 15
Memorial Day -- Monday, May 31
Independence Day -- Monday, July 5
Labor Day -- Monday, September 6
Columbus Day -- Monday, October 11
Veterans' Day -- Thursday, November 11
Thanksgiving -- Thursday, November 25
The Federal Home Loan Bank of Seattle schedules its holidays to correspond with holidays observed by the Federal Reserve Bank. Christmas falls on a Saturday in 1999. The Seattle Bank will be open on Christmas Eve, Friday, December 24, and on New Year's Eve, Friday, December 31, 1999.
Since the Seattle Bank does not send notice of closure prior to each holiday, please bookmark this schedule for future reference.
Press Releases
August 7, 1998
Federal Home Loan Bank of Seattle Gains
its 300th Financial Institution Customer
March 9, 1998
Federal Home Loan Bank of Seattle and Community-Based Lenders
Support Affordable Housing for 7,831 Families in 1997
January 28, 1998
Former Seattle Mayor Norman B. Rice Appointed
Executive Vice President of the Federal Home Loan Bank of Seattle