Despite warning this month that the Federal Home Loan Bank of Seattle's capital is likely to fall below required minimums, its president, Richard Riccobono, has no immediate plans to raise more.

"If we take in more capital than we need to support our business and risk profile, we have to leverage it and invest it," Riccobono said in an interview last week. "Given the rules that apply to Federal Home Loan banks, we are limited primarily to investing in mortgage-related assets."

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