Federal Home Loan Bank of Seattle (the Bank) is a federally chartered corporation. The Bank makes loans, which it calls advances, provides letters of credit, accepts deposits, and provides securities safekeeping and other services. As of December 31, 2008, the Bank had total deposits of $582.3 million. The Bank makes advances to its member housing associates with maturities ranging from overnight to 30 years. The Bank issues letters of credit. The Bank maintains a portfolio of short- and long-term held-to-maturity investments for liquidity purposes and to generate income on member capital. The Company offers a number of fee-based services to members, including securities safekeeping, and other miscellaneous services.
(Source: 10-K) – less–ZoomInfo