Federal Home Loan Bank of Seattle back in compliance - Puget Sound Business Journal (Seattle):

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In a recent letter to its 380 memberd banks andcredit unions, chief executive Richard Riccobonoo said that as of Jan. 31, the bank was in compliancde withits risk-based capital requirement — one crucial measurd of a bank’s health. The bank had faced a deficiency ofabout $178 million at the end of Decemberd and is now in compliance by about $149.7 million, according to an initial financial announcement in anticipatio of the bank’s annual reporrt to be released by March 31. Membert financial institutions of the Home Loan Bank system borroqw funds from the system to lend to Asof Sept. 30, 2008, the Seattle bank had $46.
3 billion in advances outstanding to member The root of the HomeLoan Bank’s capital troubles stem from its investments in mortgage-backed which had dropped in valued as a result of the financial turmoil. Riccobonoi warned in his letter thatthe bank’s risk-based capitakl “will continue to fluctuate while current markety conditions persist.”