JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Seattle • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date.
Re: FHLBanks' Joint Capital Enhancement Agreement and Amendments to the Seattle Bank's Capital PlanFederal Home Loan Bank of Seattle • August 5th, 2011 • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks (FHLBanks) entered into a Joint Capital Enhancement Agreement (Agreement) intended to enhance the capital position of each FHLBank. I am pleased to announce that the FHLBanks have amended their capital plans to implement the provisions of the Agreement, and that the Federal Housing Finance Agency (Finance Agency) approved the capital plan amendments on August 5, 2011. The amended capital plans, including the Seattle Bank's amended capital plan, will become effective on September 5, 2011.
