Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED 2-20-14 ANNOUNCING 2013 PRELIMINARY FINANCIAL RESULTS - Federal Home Loan Bank of Seattle | q42013earningsrelease.htm |
| EX-99.2 - MEMBER NEWS DATED 2-20-14 - Federal Home Loan Bank of Seattle | membernews2-20x14.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 20, 2014
FEDERAL HOME LOAN BANK OF SEATTLE
(Exact name of registrant as specified in its charter)
Federally chartered corporation | 000-51406 | 91-0852005 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
1001 Fourth Avenue, Suite 2600
Seattle, WA 98154
(Address of principal executive offices, including zip code)
206.340.2300
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On February 20, 2014, the Federal Home Loan Bank of Seattle ("Seattle Bank") issued a press release announcing its unaudited preliminary financial results for the year ended December 31, 2013. The Seattle Bank also announced the declaration of a quarterly dividend and its intention to repurchase up to $100 million of excess capital stock during first quarter 2014.
The Seattle Bank’s Board of Directors declared a cash dividend of $0.025 per Class A and Class B share. The dividend, based on average stock outstanding for fourth quarter 2013, will be paid on February 28, 2014. The pro-rata capital stock repurchases will include up to $25 million of excess capital stock from across the bank's shareholder base on March 10, 2014, and the repurchase of up to $75 million of excess capital stock on which the redemption waiting period has been satisfied on March 24, 2014.
A copy of the press release and the accompanying letter to Seattle Bank members are included as Exhibits 99.1 and 99.2 to this Current Report. The information contained in Exhibit 99.1 and 99.2 is being furnished pursuant to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 7.01 Regulation FD Disclosure
The information provided in Item 2.02 above (including Exhibits 99.1 and 99.2) is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 | Press Release dated February 20, 2014. | |
99.2 | Member News dated February 20, 2014. | |
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Federal Home Loan Bank of Seattle | ||
Date: February 20, 2014 | By: /s/ Michael L. Wilson | |
Michael L. Wilson President and Chief Executive Officer | ||
Exhibit Index
Exhibit No. Description
99.1 | Press Release dated February 20, 2014. |
99.2 | Member News dated February 20, 2014. |