FHLB-Topeka Releases 1st SEC-Filed Earnings

The Federal Home Loan Bank of Topeka saw earnings of $135.8 million for 2005, up 45% from the previous year, in filing its first audited financial statement with Securities and Exchange Commission."I am very pleased to announce the filing of our Form 10 with the SEC," president and chief executive Andrew Jetter said. The report shows that advances outstanding and single-family mortgage loans held for portfolio were largely unchanged in 2005. But the Topeka bank is looking to change that. "The FHLBank continues to strive for growth in membership, advances and mortgage loans." In related news, the Seattle FHLBank generated $8.0 million in earnings for the first quarter and said it expects to remain profitable. It posted a $9.1 million in the fourth quarter. The Seattle bank is operating under a supervisory agreement but it filed a 2005 financial statement with the SEC in March and plans to file its first quarter 2006 results by May 30.