SEATTLE - The Federal Home Loan Bank of Seattle reported net income of $61.7 million for the quarter ended June 30, compared with $21.5 million for the same period in 1992.

Prepayment fees accounted for the sharp rise in income, the bank said Thursday. Net income adjusted for prepayments totaled $38 million in the second quarter, up 73% from the $22 million net of the 1992 period.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.