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Volume 14 - Number 20

October 3, 2014

Des Moines, Seattle FHLBank Boards Approve Merger Plan

Industry observers expect that last week’s announced go-ahead to merge the Federal Home Loan Banks of Des Moines and Seattle will be a “one-off” as the remaining 10 FHLBanks are still in sound enough financial shape. Talk of a proposed merger between the FHLBank of Des Moines and the smaller, troubled FHLBank of Seattle was first made public in July and approved unanimously by both Bank boards last week.

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