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Statement

Statement of FHFA Director Melvin L. Watt on Final Merger of FHLBank Des Moines and FHLBank Seattle

FOR IMMEDIATE RELEASE
6/1/2015

"The paperwork has been formally approved and signed and the merger of the Federal Home Loan Bank of Des Moines with the Federal Home Loan Bank of Seattle is now official.  As the regulator of the Federal Home Loan Bank System, FHFA views this voluntary merger as consistent with safety and soundness and with the mission of the System to support home mortgage lending and community investment.  The members and the public should feel confident that the bank that resulted from the merger, which will be called the Federal Home Loan Bank of Des Moines, remains financially strong and committed to meeting its statutory purposes."​​ 

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFAYouTube and LinkedIn.​​

Contacts:

Media: Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
Consum​​ers: Consumer Communications or (202) 649-3811​​​​​

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