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Statement

Statement of FHFA Director Melvin L. Watt on Potential Merger of FHLB Seattle and FHLB Des Moines

FOR IMMEDIATE RELEASE
7/31/2014

​"As the safety and soundness regulator of the Federal Home Loan Bank System, the Federal Housing Finance Agency's role is to ensure that each Bank remains viable and fulfills its mission by supporting home mortgage lending and community investment throughout the United States.  As the Federal Home Loan Bank of Seattle and the Federal Home Loan Bank of Des Moines discuss their potential merger, we will work with them to ensure that any agreement will result in a financially strong Bank that supports the interests of all its members. Given the fundamental changes that have occurred in the financial system since the creation of the Federal Home Loan Bank System, FHFA views this potential merger as consistent with the mission of the Federal Home Loan Bank System and with the safe and sound operation of each Federal Home Loan Bank."

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​The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.  These government-sponsored enterprises provide more than $5.5 trillion in funding for the U.S. mortgage markets and financial institutions.

Contacts:

 Corinne Russell (202) 649-3032​ / Stefanie Johnson (202) 649-3030​​

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