Federal Home Loan Bank of Seattle Declares Third Quarter 2007 Dividends

SEATTLE--(BUSINESS WIRE)--The Board of Directors of the Federal Soldier Home Loan Depository Financial Institution of Seattle (Seattle
Bank) have declared hard cash dividends on both social classes of the Seattle Bank’s
working capital stock.

The Seattle Depository Financial Institution will pay $4.3 million, or $.20 per share, on an norm
of approximately 21.4 million shares of Class Type B stock outstanding during
the 3rd one-fourth of 2007. The Seattle Depository Financial Institution issues Class Type B stock to
back up rank in the Seattle Depository Financial Institution co-op and progresses made to
its members.

The Seattle Depository Financial Institution will pay $1.5 million, or $1.28 per share, on an
norm of approximately 1.2 million shares of Class Type A stock outstanding
during the 3rd one-fourth of 2007. Class Type A stock is available lone to
members that have got fully utilized their Class Type B stock and desire to
increase their adoptions with the bank.

According to Seattle Depository Financial Institution President and Head Executive Military Officer Richard
M. Riccobono, “The recent volatility in the
working capital marketplaces is reflected in the increased activity -- both issues
and redemptions -- in our Class A stock. This relatively new social class of
Seattle Depository Financial Institution stock offerings greater flexibleness in meeting our members’
changing support necessitates and is proving to be a utile tool during these
ambitious times.”

During the 3rd one-fourth of 2007, the Seattle Depository Financial Institution co-op
experienced unprecedented growing in its progress portfolio. As of
September 30, 2007, progresses outstanding increased by approximately 47
percent, or $13 billion, as compared to June 30, 2007.

The 3rd one-fourth dividends will be paid in November 2007. The Seattle
Depository Financial Institution anticipates to let go of its complete 3rd one-fourth 2007 fiscal
consequences on or before November 13, 2007.

About the Seattle Bank

The Federal Soldier Home Loan Depository Financial Institution of Seattle is a fiscal co-op that
supplies liquidity, funding, and services to heighten the success of its
members and support the handiness of low-cost places and economical
development in the communities they serve. Our support and fiscal
services enable over 375 member establishments to supply their clients
with greater entree to mortgages, commercial lending, and low-cost
housing. The Seattle Depository Financial Institution perpetrates 10 percentage of its yearly net income to
assist monetary fund low-cost lodging and homeownership.

The Seattle Depository Financial Institution functions eight states, American Samoa, Guam, and the
Northern Mariana Islands. Our members include commercial banks, recognition
unions, thrifts, industrial loan corporations, and coverage companies.

The Seattle Depository Financial Institution is one of 12 Federal Soldier Home Loan Sir Joseph Banks in the United
States. Together, the Federal Soldier Home Loan Sir Joseph Banks stand for one of the
country’s biggest private beginnings of liquidness
and support for community fiscal institutions, as well as support for
low-cost housing.

This fourth estate release includes forward-looking statements. Forward-looking statements are subject to known and unknown hazards and
uncertainties. Actual public presentation and future depository financial institution actions, including the
payment of dividends, may differ materially from projections because of
many factors. Such factors may include, but are not limited to, concern
and working working working capital direction program accommodations and amendments, alterations in the
bank's direction and Board of Directors, regulating actions or
approvals, competitory pressure level from other Federal Soldier Home Loan Sir Joseph Banks and
option support sources, accounting accommodations or requirements,
interest-rate volatility, the bank's ability to keep adequate
capital levels, alterations in proposed concern volumes, our ability to
appropriately pull off our cost of funds, alterations in our rank
profile or the backdown of one or more than big members, the
cost-effectiveness of our funding, hedging and asset-liability
management activities, displacements in demand for our merchandises and
amalgamate obligations, and general economical conditions, including
alterations in the capital markets. Additional factors are discussed in the
Seattle Bank's unaudited fiscal statements and related to to condensed
footers and Management’s Discussion and
Analysis in the bank’s Form 10-Q for
second-quarter 2007 and the audited 2006 fiscal statements and
related footers and other revelations in the bank’s
Form 10-K for the twelvemonth ended December 31, 2006. The Seattle Depository Financial Institution makes
not set about to update any forward-looking statements made in this
announcement.