In 2004, SRA was named Large Government
Contractor of the Year by the Northern Virginia Government Contractors
Council, the Professional Services Council, and Washington Technology .

The Northern Marianas have a unique relationship with the United States, that recognizes U.

marianas federal

In the interim, the bank's earnings and retained earnings will be
negatively affected, thus potentially limiting the bank's ability to
pay dividends and accommodate stock repurchases. In addition, the Seattle Bank
does not undertake to update any forward-looking statements made in
the press release . Actual results may
differ materially from those indicated by such forward-looking statements as a
result of various important factors, including: our dependence on our
contracts with federal government agencies, particularly within the U.

marianas directories

Delivery of that plan,
originally scheduled for February 28, 2005, has been extended by the
Finance Board to April 5, 2005.

This press release contains forward-looking statements and
references regarding the Seattle Bank's future condition.

S.

islands recognizes

"
In addition, the bank's Board of Directors and senior management
are developing strategies designed to improve the bank's financial
position by decreasing its exposure to interest-rate fluctuations . The task order, awarded under the
Chief Information Officer Solutions and Partners 2 Innovations (CIO-SP2i)
contract, has an estimated value of $12. The SRA team includes System 1, Inc.

sovereignty micronesia

According to the agreement with the Finance Board, the plan cannot
increase the market, credit or operational risk profiles of the bank;
must specify a minimum capital-to-assets ratio that is consistent with
the strategic initiatives of the three-year plan; and must establish
appropriate capital stock , retained earnings, and dividend policies. Faulstich, the Seattle Bank's interim president and CEO.

FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to
Work For" for six consecutive years. For additional information on SRA,
please visit http://www.

The Commonwealth of the Northern Mariana Islands is part of Micronesia and includes the islands of Saipan, Rota and Tinian .

islands marianas

In support of
this strategy, the bank's Board of Directors, at its February 24-25
meeting, approved a change to the Seattle Bank's capital plan, which
will allow members to use all of their existing stock holdings to
secure advances. SRA services will include security
architecture, audit, and technical consulting; security policy review and
development; compliance and oversight; awareness and training; and system
security and risk assessments. The
Company also delivers business solutions for text and data mining, contingency
and disaster response planning, information assurance, environmental
strategies, enterprise systems management, and wireless integration.
Department of Defense, for substantially all of our revenue, our dependence on
our GSA schedule contracts and our position as a prime contractor on
government-wide acquisition contracts to grow our business, and other factors
discussed in our latest quarterly report on Form 10-Q filed with the SEC on
May 2, 2005.

relationship oceania

In considering its alternatives, the bank's Board of Directors and
senior management have focused on the company's traditional mission
assets, called "advances," to support housing and economic development
in the communities served by its member institutions. The change
will allow members to access about $560 million in existing stock to
support up to $16 billion in new advance borrowings."

About SRA International, Inc.
SRA is a leading provider of information technology services and solutions
-- including strategic consulting; systems design, development, and
integration; and outsourcing and managed services -- to clients in national
security, civil government, and health care and public health markets.

relationship partly

"That goes directly to our mission as a Home Loan Bank -- to provide
low-cost liquidity to our members so they can continue to build strong
communities and economies throughout our eight-state region.

Any statements in this press release about future expectations, plans, and
prospects for SRA, including statements about the estimated value of the
contract and work to be performed, and other statements containing the words
"estimates ," "believes," "anticipates," "plans," "expects," "will," and
similar expressions, constitute forward -looking statements within the meaning
of The Private Securities Litigation Reform Act of 1995.

federal mariana

Under the terms of the agreement, signed in December 2004, the
Seattle Bank is required to deliver a three -year business and capital
plan acceptable to the Finance Board.
"The proposed changes to our capital plan have a primary
purpose -- allowing our members greater access to advances," said
James R .

relationship federal

Under this contract, SRA will work with the SEC's Office of Information
Technology to develop and support a comprehensive and cost effective IT
security program.
"We are pleased to be chosen by the SEC for this important program," said
Renny DiPentima, SRA President and CEO. These forward-
looking statements should not be relied upon as representing our views as of
any date subsequent to May 5, 2005.

saipan rota

The three-year business and capital plan and the strategies under
consideration are intended to have a positive effect, in the long
term, on earnings, retained earnings and the Seattle Bank's capital.com. However,
while we may elect to update these forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so.

sovereignty saipan

Seattle Bank Provides Update on Meeting Obligations of Its Regulatory Agreement: Business-Line Capital Plan Changes under Consideration

Actual
results may differ materially from projections because of many
factors . In addition, the forward-looking statements included in this
press release represent our views as of May 5, 2005.

recognizes partly

The Seattle Bank serves financial institutions in Alaska, Hawaii,
Idaho, Montana , Oregon, Utah, Washington, Wyoming, American Samoa,
Guam and the Northern Mariana Islands.

saipan islands

In December 2004, the bank implemented suspension of B(1) stock
repurchases and limited repurchases of B(2) stock, and placed limits
on dividend payouts.

partly sovereignty

Although repurchases
may continue to be limited in the interim, the Seattle Bank fully
intends to honor the stock redemption rights of its shareholders, in
accordance with the bank's capital plan.fhlbsea.

SRA Awarded $12.7M Contract by GSA in Support of the U.S. Securities and Exchange Commission

We anticipate that
subsequent events and developments will cause our views to change.

recognizes commonwealth

rota unique

(NYSE: SRX), a leading provider of information technology (IT) services and
solutions to federal government organizations, announced that it has been
awarded a contract by the General Services Administration, Federal Technology
Service Center for Information Security Services, to provide a broad range of
information assurance services to support the Securities and Exchange
Commission's (SEC's) IT security program.S.

sovereignty but partly limits the applicability of federal laws.

guides northern

This includes the development of an exit strategy for the Mortgage
Purchase Program , which will enable the bank to lower its overall risk
profile and reduce its operating cost structure . "The SRA team has extensive
experience helping federal government organizations increase the effectiveness
of their security programs, with results reflected in their Federal
Information Security Management Act (FISMA) scorecards.

tinian rota

Such factors may include, but are not limited to, changes in
the bank's management , business and capital plan adjustments,
regulatory actions or approvals, accounting adjustments or
requirements, changes in interest rates, the bank's ability to
maintain adequate capital levels , changes in projected business
volumes, changes in projected prepayment speeds on mortgage assets ,
our ability to appropriately manage our cost of funds, changes in our
membership profile or the withdrawal of one or more large members, the
effectiveness of assets and liabilities operations, competitive
pressure from other Federal Home Loan Banks, alternative funding
sources, and secondary mortgage market participants, shifts in demand
for our products and consolidated obligations, our ability to manage
interest rate risk, and general economic conditions.

com.

part micronesia

The Seattle Bank continues to exceed its minimum capital
requirements, has an excellent credit track record, and offers
continuous access to low-cost liquidity products and services., SRA International, Inc . Specific responsibilities will include developing an IT
security architecture framework that comprises security plans and policies;
providing a training and awareness program to facilitate compliance with the
IT security architecture; and developing a compliance monitoring and
enforcement program to ensure SEC security objectives and federal security
laws and regulations are met.

unique micronesia

northern partly

Until now, a portion of their stock -- called
"membership stock" -- could not be used to secure advances. The capital plan
change has been filed with the Finance Board and is subject to its
approval.

About the Federal Home Loan Bank of Seattle:

The Federal Home Loan Bank of Seattle provides funding and other
financial services that allow over 370 financial institution members
to make more housing and business loans at more competitive rates. Additional
factors are discussed in the Seattle Bank's annual report, available
on the bank's Web site, www.

tinian saipan

The specifics of this
strategy and its implementation are subject to Finance Board approval.7 over five years if all options are
exercised . We will bring
experienced personnel; mature, low risk processes; and knowledge of security
policies and standards to help the SEC develop a strong, comprehensive
security program.sra.

views environment

The
Seattle Bank is a member-owned cooperative, and the value generated by
the company benefits its member banks and the communities they serve. Company to Provide Information Assurance Services and Solutions

FAIRFAX, Va.

recognizes partly

Business Editors

SEATTLE----The Federal Home Loan
Bank of Seattle (Seattle Bank) announced today that its Board of
Directors is moving forward in meeting the obligations of a written
agreement with its regulator, the Federal Housing Finance Board
(Finance Board).

The
Company's 4,000 employees serve clients from its headquarters in Fairfax,
Virginia, and offices across the country.

oceania micronesia

---

- - kjjkjk

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