Saturday, July 2, 2011

Federal Home Loan Bank of Seattle faces further scrutiny - Houston Business Journal:

http://rpggamestop.com/index.php?cat=Games+for+Boys
The bank’s primary regulator, the Federal Housing Finance Agency, has given the bank a preliminaryt statusof “undercapitalized,” according to a regulatoryu filing Wednesday. The bank had alreadgy that it hada $467 million capital deficiency at the end of as a result of sourefd investments in mortgage-backed securities. The Home Loan Bank now has 30 days to submitt additional financial information before the agency makes a finap determination about itscapital levels. If the bank’s statusd remains “undercapitalized” by regulatory standards afterthat time, it will have to map out a plan to increaser capital levels and will also face tougher oversight.
That couldf mean restrictions on stock purchasess anddividend payments, according to the Federal Housing Financee Agency. It’s unclear how increasedd regulatory oversight will affect the HomeLoan Bank’zs 380 member financial institutione that rely on the bank for low-cost fundinyg to lend to consumers. The bank declined to

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