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Investor Relations

The Federal Home Loan Bank of San Francisco is one of 11 regional Federal Home Loan Banks that serve the United States as part of the Federal Home Loan Bank System. We are a privately owned and operated wholesale bank with a cooperative ownership structure. Our purpose is to enhance the availability of credit for residential mortgages and economic development by providing a readily available, competitively priced source of funds for housing and community lenders.

To access our products and services, a financial institution must be approved for membership and purchase capital stock in the Bank. Our members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. Bank stock is issued, transferred, redeemed, and repurchased at its par value of $100 per share, subject to certain regulatory and statutory limits. It is not publicly traded.

Each FHLBank is a separate entity, with its own board of directors, management, and employees. The FHLBanks are not a government agency and do not receive financial support from taxpayers. They are regulated by independent agency, the Federal Housing Finance Agency.

The Federal Home Loan Banks raise funds in the capital markets by issuing debt through their fiscal agent, the FHLBanks Office of Finance. Each Federal Home Loan Bank is jointly and severally liable for those consolidated obligations. The U.S. government does not guarantee, directly or indirectly, the debt securities or other obligations of the Bank or the FHLBank System.

SEC Filings

The Bank is registered with the Securities and Exchange Commission and files quarterly, annual, and current reports with the SEC.

 Form 10-QForm 10-K
 1Q2Q3Q 
2016 HTML | XBRL | ZIP HTML | XBRL | ZIP HTML | XBRL | ZIP HTMLXBRL | ZIP 
2015 HTML | XBRL | ZIP HTML | XBRL | ZIP HTML | XBRL | ZIP HTML | XBRL | ZIP
2014 HTML | XBRL | ZIP  HTML | XBRL | ZIP  HTML | XBRL | ZIP  HTML | XBRL | ZIP 
2013 HTML | XBRL | ZIP  HTML | XBRL | ZIP  HTML | XBRL | ZIP  HTML | XBRL | ZIP 
2012 HTML | XBRL | ZIP  HTML | XBRL | ZIP  HTML | XBRL | ZIP  HTML | XBRL | ZIP 
HTML links go to the Bank’s quarterly and annual reports on the SEC website (EDGAR). XBRL links go to the readable format of the interactive data files on the SEC website. ZIP files contain the downloadable interactive data files, but a reader is required; for more information, visit the SEC’s portal at XBRL.sec.gov.

All SEC Edgar Filings 

Annual Reports

Dividend History

The following table shows cash dividends declared, recorded, and paid (or to be paid) in the periods shown. These dividends are paid in cash on the capital stock outstanding during the previous quarter.

 Quarterly Dividend Rate
(annualized) (%)
Annual
Dividend
Rate %
  Q1 Q2

 Q2 Special

 Q3 Q4Q4 Special 
2017 9.08            

2016

7.99

8.90

 

9.17

8.94

13.57

12.33

2015

7.11

7.67

14.98

10.01

8.79

 

12.39

2014

6.67

6.80

 

7.35

7.40

 

7.02

2013

2.30

3.38

 

5.14

5.65

 

3.99

2012

0.48

0.51

 

0.47

2.51

 

0.97

2011

0.29

0.31

 

0.26

0.30

 

0.29

2010

0.27

0.26

 

0.44

0.39

 

0.34

2009

 

0.84

 

0.21

The following table reflects the dividends declared and recorded in the periods shown on the capital stock outstanding during those periods. These dividends were paid in capital stock during the following quarter.

 Quarterly Dividend Rate
(annualized) (%)
 Annual
Dividend
Rate %
 Q1Q2Q3Q4 
2008 5.73

6.19

3.85

3.93

2007

4.89

5.14

5.26

5.43

5.20

2006

5.03

5.22

5.54

5.83 5.41
2005 4.25 4.21 4.58 4.67 4.44

Please note that historical dividends paid by the Bank are not an indication that the Bank will pay dividends in the future nor an indication of the dividend rates the Bank will pay in the future, if any.