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INVESTOR RELATIONS

Credit Rating Agency Reports

The following reports are made available as a service to our members and other stakeholders. All documents are posted with the permission of Moody’s Investors Service.

Credit Opinion: Federal Home Loan Banks

On July 25, 2013, Moody's Investors Service issued a credit opinion that affirmed the Federal Home Loan Banks' Aaa senior debt rating with a stable outlook and Prime-1 short-term debt rating. Moody's assigned a baseline credit assessment of a1 to the Federal Home Loan Banks. Read the full report.

Credit Opinion: Federal Home Loan Bank of San Francisco

On July 23, 2013, Moody's Investors Service issued a credit opinion that affirmed the Federal Home Loan Bank of San Francisco's Aaa long-term deposit rating with a stable outlook and Prime-1 short-term deposit rating. Moody's assigned a baseline credit assessment of a2 to the Federal Home Loan Bank of San Francisco. Read the full report.

Rating Action: Moody's Affirms Aaa Ratings Directly Linked to U.S. Government Bond Rating; Outlooks Changed to Stable

On July 18, 2013, Moody's Investors Service affirmed the Aaa senior ratings of certain financial institutions that Moody's considers to be directly linked to the rating of the U.S. government, including the Federal Home Loan Banks. In conjunction with the revision of the U.S. government's rating outlook from negative to stable, the rating outlooks for these directly linked issuers have also been revised to stable. Read the full report.

Disclaimer

These Moody's reports constitute publicly accessible information. The Bank does not adopt or endorse the information provided in the Moody's reports, and the Bank accepts no liability for the completeness, timeliness, accuracy, or selection of information contained in the reports. The Bank has no obligation and does not undertake any obligation to update, revise, or correct any information included in the Moody's reports for any reason.