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West Ashley Library
9 a.m. - 7 p.m.
Phone: (843) 766-6635
Folly Beach Library
Closed
Phone: (843) 588-2001
Edgar Allan Poe/Sullivan's Island Library
Closed for renovations
Phone: (843) 883-3914
Wando Mount Pleasant Library
9 a.m. - 8 p.m.
Phone: (843) 805-6888
Village Library
9 a.m. - 1 p.m.
Phone: (843) 884-9741
St. Paul's/Hollywood Library
9 a.m. - 8 p.m.
Phone: (843) 889-3300
Otranto Road Library
9 a.m. - 8 p.m.
Phone: (843) 572-4094
Mt. Pleasant Library
9 a.m. - 8 p.m.
Phone: (843) 849-6161
McClellanville Library
9 a.m. - 6 p.m.
Phone: (843) 887-3699
Keith Summey North Charleston Library
9 a.m. - 8 p.m.
Phone: (843) 744-2489
John's Island Library
9 a.m. - 8 p.m.
Phone: (843) 559-1945
Hurd/St. Andrews Library
9 a.m. - 8 p.m.
Phone: (843) 766-2546
Miss Jane's Building (Edisto Library Temporary Location)
2 p.m. – 6 p.m.
Phone: (843) 869-2355
Dorchester Road Library
9 a.m. - 8 p.m.
Phone: (843) 552-6466
John L. Dart Library
9 a.m. - 7 p.m.
Phone: (843) 722-7550
Baxter-Patrick James Island
9 a.m. - 8 p.m.
Phone: (843) 795-6679
Main Library
9 a.m. - 8 p.m.
Phone: (843) 805-6930
Bees Ferry West Ashley Library
9 a.m. - 8 p.m.
Phone: (843) 805-6892
Mobile Library
9 a.m. - 5 p.m.
Phone: (843) 805-6909
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![loading](/sites/all/modules/hf_eds/images/loading.gif)
How a Bet on Rates Went Wrong for FHLB of Seattle. (cover story)
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![loading](/sites/all/modules/hf_eds/images/loading.gif)
- Author(s): Shenn, Jody
- Source:
American Banker. 4/19/2005, Vol. 170 Issue 74, p1-9. 2p. 1 Color Photograph, 1 Black and White Photograph.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Subject Terms:
- Abstract: Focuses on a bet on interest by the Federal Home Loan Bank of Seattle gone-wrong. Purchasing of the callable debt of other home loan banks and financing the investment with borrowings that were partly short-term and mostly noncallable; Question on why the Home Loan bank took the gamble after acknowledging that problems with its mortgage program showed shortcoming in its interest rate risk management; Cause of the bad call, which is attributed to a reluctance to make changes that would have been unpopular with members because they would have raised taxes and lowered profits from investing.
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