Today, the Federal Home Loan Bank of Seattle (Seattle Bank) announced preliminary financial highlights for the three months ended March 31, 2015, reporting $10.4 million of net income, compared to $10.7 million in first quarter 2014, and an increase in its retained earnings balance to $356.6 million as of March 31, 2015, from $346.4 million as of December 31, 2014. Net income for the quarter takes into account $10.8 million of merger-related expenses
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