Federal Home Loan Bank of Seattle
CIK:0001329701|SEC Filings
|
Statements of Cash Flow Statement (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
| Operating Activities | ||
| Net income | $ 10,445 | $ 10,681 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | (5,608) | (5,640) |
| Net OTTI loss | 51,529 | 3 |
| Net realized gain on sale of AFS securities | (52,321) | 0 |
| Net change in fair value adjustments on financial instruments under fair value option | 12 | 90 |
| Net change in derivatives and hedging activities | (9,374) | (7,219) |
| Net realized loss (gain) on early extinguishment of consolidated obligations | 264 | (63) |
| Net realized gain on disposal of premises and equipment | 0 | (4) |
| Provision (benefit) for credit losses | (208) | |
| Provision (benefit) for credit Losses | 236 | |
| Other adjustments | (178) | (82) |
| Net change in: | ||
| Accrued interest receivable | 6,654 | 5,688 |
| Other assets | 1,424 | 2,699 |
| Accrued interest payable | (83) | 228 |
| Other liabilities | 4,960 | (4,468) |
| Total adjustments | (2,929) | (8,532) |
| Net cash provided by operating activities | 7,516 | 2,149 |
| Net change in: | ||
| Interest-bearing deposits | (37,289) | 9,991 |
| Deposits with other FHLBanks | (108) | (72) |
| Securities purchased under agreements to resell | (2,250,000) | (1,500,000) |
| Federal funds sold | 1,118,000 | (589,900) |
| Premises, software and equipment | 185 | (548) |
| AFS securities: | ||
| Proceeds from short-term | 239,000 | 0 |
| Proceeds from long-term | 1,831,232 | 678,144 |
| Purchases of long-term | (367,930) | (336,890) |
| HTM securities: | ||
| Net decrease (increase) in short-term | 117,000 | (912,051) |
| Proceeds from long-term | 262,646 | 263,213 |
| Purchases of long-term | (109,687) | (21,511) |
| Advances: | ||
| Principal collected | 7,980,972 | 8,736,310 |
| Made | (6,057,713) | (7,662,959) |
| Mortgage loans: | ||
| Principal collected | 28,862 | 35,878 |
| Net cash provided by (used in) investing activities | 2,755,170 | (1,300,395) |
| Net change in: | ||
| Deposits | (33,030) | 21,717 |
| Net payments on derivative contracts with financing elements | (6,991) | (8,190) |
| Net proceeds from issuance of consolidated obligations: | ||
| Discount notes | 152,302,524 | 141,404,112 |
| Bonds | 2,168,943 | 2,398,209 |
| Payments for maturing and retiring consolidated obligations: | ||
| Discount notes | (153,011,187) | (140,838,585) |
| Bonds | (4,088,700) | (3,042,398) |
| Proceeds from issuance of capital stock | 12,178 | 4,050 |
| Payments for repurchase of MRCS | (94,289) | (94,190) |
| Payments for repurchase of capital stock | (11,901) | (5,309) |
| Cash dividends paid | (215) | (231) |
| Net cash used in financing activities | (2,762,668) | (160,815) |
| Net change in cash and due from banks | 18 | (1,459,061) |
| Cash and due from banks at beginning of the period | 126 | 1,459,261 |
| Cash and due from banks at end of the period | 144 | 200 |
| Supplemental Disclosures | ||
| Interest paid | 28,930 | 36,429 |
| AHP payments, net | 2,613 | 955 |
| Transfers of mortgage loans to real estate owned (REO) | 351 | 463 |
| Reclassification of HTM securities to AFS securities | $ 9,024,822 | $ 0 |
|
Transactions with Related Parties and other FHLBanks (Related Party Transactions, Balance Sheet) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
|---|---|---|---|---|
| Assets: | ||||
| HTM securities | $ 0 | $ 9,110,269 | ||
| Advances (par value) | 8,299,579 | 10,222,838 | ||
| Mortgage loans held for portfolio | 619,192 | 648,583 | ||
| Liabilities and capital: | ||||
| Deposits | 377,743 | 410,773 | ||
| Mandatorily redeemable capital stock | 1,362,688 | 1,454,473 | 1,661,957 | 1,747,690 |
| Capital stock | 855,856 | 858,083 | ||
| Accumulated other comprehensive income (AOCI) | 64,221 | 1,552 | ||
| Other: | ||||
| Notional amount of derivatives | 22,397,654 | 21,676,764 | ||
| Class B Capital Stock [Member] | ||||
| Liabilities and capital: | ||||
| Mandatorily redeemable capital stock | 1,319,181 | |||
| Capital stock | 824,435 | 824,887 | ||
| Class A Capital Stock [Member] | ||||
| Liabilities and capital: | ||||
| Mandatorily redeemable capital stock | 43,507 | |||
| Capital stock | 31,421 | 33,196 | ||
| Related Party [Member] | ||||
| Assets: | ||||
| AFS securities | 0 | 467,562 | ||
| HTM securities | 0 | 102,563 | ||
| Advances (par value) | 2,216,499 | 3,427,971 | ||
| Mortgage loans held for portfolio | 479,860 | 502,407 | ||
| Liabilities and capital: | ||||
| Deposits | 8,917 | 7,281 | ||
| Mandatorily redeemable capital stock | 1,037,735 | 1,103,755 | ||
| Accumulated other comprehensive income (AOCI) | 0 | 21,252 | ||
| Other: | ||||
| Notional amount of derivatives | 6,205,251 | 7,204,203 | ||
| Related Party [Member] | Class B Capital Stock [Member] | ||||
| Liabilities and capital: | ||||
| Capital stock | 135,185 | 84,902 | ||
| Related Party [Member] | Class A Capital Stock [Member] | ||||
| Liabilities and capital: | ||||
| Capital stock | $ 1,136 | $ 1,129 |