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</FONT><B><FONT SIZE=5><P ALIGN="CENTER">UNITED STATES<BR>


SECURITIES AND EXCHANGE COMMISSION</B></FONT><FONT SIZE=2><BR>


<B>Washington, DC 20549</P>


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<B><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">CURRENT REPORT<BR>


Pursuant to Section 13 or 15(d) of <BR>


the Securities Exchange Act of 1934                                                           <BR>


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<P ALIGN="CENTER">Date of Report (Date of earliest event reported) December 21, 2006</P>


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<B><FONT SIZE=5><P ALIGN="CENTER">FEDERAL HOME LOAN BANK OF SEATTLE</B><BR>


</FONT><B><FONT SIZE=1>(Exact name of registrant as specified in its charter)</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">Federally chartered corporation</B></FONT></TD>


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<FONT SIZE=1><P>&nbsp;</FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">000-51406</B></FONT></TD>


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<FONT SIZE=1><P>&nbsp;</FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">91-0852005</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(State or other jurisdiction<BR>


of incorporation)</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(Commission File Number)</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(IRS Employer</B></FONT><FONT SIZE=2><BR>


</FONT><B><FONT SIZE=1>Identification No.)</B></FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">1501 Fourth Avenue, Suite 1800</B><BR>


<B>Seattle, WA  98101-1693</B><BR>


</FONT><B><FONT SIZE=1>(Address of principal executive offices, including zip code)</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">(800) 973.6223<BR>


</FONT><FONT SIZE=1>(Registrant's telephone number, including area code) </P>


</B></FONT><P ALIGN="CENTER"></P>


<B><FONT SIZE=2><P ALIGN="CENTER">Not Applicable<BR>


</FONT><FONT SIZE=1>(Former name or former address, if changed since last report) </P>


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<FONT SIZE=2><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>





<P>[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR>


</P>


<P>[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>


</P>


<P>[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>


</P>


<P>[&nbsp;&nbsp;]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


</P>


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<P>Item 5.02.&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</P>


</B><P>On December 21, 2006, the Federal Home Loan Bank of Seattle (the &quot;Seattle Bank&quot;) announced that its Board of Directors appointed Gordon Zimmerman, President, Community Bank, Ronan, Montana, to fill a vacancy on the Seattle Bank's Board of Directors (&quot;Board&quot;) beginning January 1, 2006. Mr. Zimmerman will serve for the remainder of the term being vacated as a result of the retirement of the current Montana elective director from the Board on December 31, 2006. Mr. Zimmerman will complete the existing term, which expires December 31, 2008.</P>


<P>Mr. Zimmerman's appointment took place in accordance with the rules governing the filling of vacancies on the board of a Federal Home Loan Bank's directors, as specified in the Federal Home Loan Bank Act of 1932, as amended and the related regulations of the Federal Housing Finance Board. </P>


<P>Mr. Zimmerman is expected to be named to serve on the Seattle Bank's Financial Operations and Affordable Housing Committee and its Governance, Budget and Compensation Committee. </P>


<P>The Seattle Bank is a cooperative, and most of the Seattle Bank's business is conducted with its members. In the normal course of business, the Seattle Bank extends credit in the form of advances to and transacts other business with members whose officers or directors serve as directors of the Seattle Bank. It is the Seattle Bank's policy to extend credit to and transact other business with members having directors or officers serving on the Seattle Bank's Board on terms and conditions that are no more favorable than the terms of comparable transactions with similarly situated members having no Board representation.</P>





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<B><P>Item 7.01.  Regulation FD Disclosure</P>


</B><P>Attached as Exhibit 99.1 to this Current Report on Form 8-K is a copy of a Member News provided to Seattle Bank members, dated December 21, 2006, regarding the appointment of Mr. Zimmerman. Also attached as Exhibit 99.2 is a copy of a press release, dated December 21, 2006, regarding the appointment. The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and contained in Exhibits 99.1 and 99.2 shall not be deemed to be &quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (&quot;the Exchange Act&quot;), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</P>


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<B><P>Item 9.01.  Financial Statements and Exhibits</P>


</B><P>(d)&#9;Exhibits</P><DIR>


<DIR>





<P>99.1&#9;Member News dated December 21, 2006.</P>


<P>99.2&#9;Press release dated December 21, 2006.</P>





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<P ALIGN="CENTER">Signature(s)</P>


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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>





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<B><FONT SIZE=3><P>Federal Home Loan Bank of Seattle</B></FONT></TD>


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<FONT SIZE=3><P>Date:&nbsp;&nbsp;December 21, 2006</FONT></TD>


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<FONT SIZE=3><P>By:&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Mark Szczepaniak&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>


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<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Mark Szczepaniak</U><BR>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President and Chief Financial Officer</FONT></TD>


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<B><P ALIGN="CENTER">Exhibit Index</P>


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<U><FONT SIZE=2><P>Exhibit No</U>.&#9;<U>Description</P>


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</U><P>99.1&#9;Member News, dated December 21, 2006, issued by the Federal Home Loan <BR>


Bank of Seattle </P>





<P>99.2&#9;Press release, dated December 21, 2006, issued by the Federal Home Loan <BR>


Bank of Seattle</P></DIR>


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{"company-data": {"conformed-name": "Federal Home Loan Bank of Seattle", "cik": "0001329701", "assigned-sic": "6111", "irs-number": "910852005", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51406", "film-number": "061294450"}, "business-address": {"street1": "1501 FOURTH AVNUE, SUITE 1900", "city": "SEATTLE", "state": "WA", "zip": "98101-1693", "phone": "800.973.6223"}, "mail-address": {"street1": "1501 FOURTH AVNUE, SUITE 1900", "city": "SEATTLE", "state": "WA", "zip": "98101-1693"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 21, 2006
FEDERAL HOME LOAN BANK OF SEATTLE
(Exact name of registrant as specified in its charter)
Federally chartered corporation
000-51406
91-0852005
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
1501 Fourth Avenue, Suite 1800
Seattle, WA  98101-1693
(Address of principal executive offices, including zip code)
(800) 973.6223
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 21, 2006, the Federal Home Loan Bank of Seattle (the "Seattle Bank") announced that its Board of Directors appointed Gordon Zimmerman, President, Community Bank, Ronan, Montana, to fill a vacancy on the Seattle Bank's Board of Directors ("Board") beginning January 1, 2006. Mr. Zimmerman will serve for the remainder of the term being vacated as a result of the retirement of the current Montana elective director from the Board on December 31, 2006. Mr. Zimmerman will complete the existing term, which expires December 31, 2008.
Mr. Zimmerman's appointment took place in accordance with the rules governing the filling of vacancies on the board of a Federal Home Loan Bank's directors, as specified in the Federal Home Loan Bank Act of 1932, as amended and the related regulations of the Federal Housing Finance Board.
Mr. Zimmerman is expected to be named to serve on the Seattle Bank's Financial Operations and Affordable Housing Committee and its Governance, Budget and Compensation Committee.
The Seattle Bank is a cooperative, and most of the Seattle Bank's business is conducted with its members. In the normal course of business, the Seattle Bank extends credit in the form of advances to and transacts other business with members whose officers or directors serve as directors of the Seattle Bank. It is the Seattle Bank's policy to extend credit to and transact other business with members having directors or officers serving on the Seattle Bank's Board on terms and conditions that are no more favorable than the terms of comparable transactions with similarly situated members having no Board representation.
Item 7.01.  Regulation FD Disclosure
Attached as Exhibit 99.1 to this Current Report on Form 8-K is a copy of a Member News provided to Seattle Bank members, dated December 21, 2006, regarding the appointment of Mr. Zimmerman. Also attached as Exhibit 99.2 is a copy of a press release, dated December 21, 2006, regarding the appointment. The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and contained in Exhibits 99.1 and 99.2 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01.  Financial Statements and Exhibits
(d)	Exhibits
99.1	Member News dated December 21, 2006.
99.2	Press release dated December 21, 2006.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Federal Home Loan Bank of Seattle
Date:  December 21, 2006
By:
/s/ Mark Szczepaniak
Mark Szczepaniak
Senior Vice President and Chief Financial Officer
Exhibit Index
Exhibit No
.
Description
99.1	Member News, dated December 21, 2006, issued by the Federal Home Loan
Bank of Seattle
99.2	Press release, dated December 21, 2006, issued by the Federal Home Loan
Bank of Seattle