The Federal Home Loan Bank of Seattle on Wednesday said it is considered "undercapitalized" based on its risk-based capital deficiency as of March 31.

The bank received preliminary notification of its status last Wednesday, according to a Securities and Exchange Commission filing.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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