Nov 12, 2020

FHLBank San Francisco Announces 2020 Director Election Results

SAN FRANCISCO, November 12, 2020 - The Federal Home Loan Bank of San Francisco announced today the results of its 2020 director elections. The Bank’s members elected Lori R. Gay to a nonmember public interest independent director position and re-elected F. Daniel Siciliano to a nonmember independent director position. Ms. Gay has served as president and chief executive officer of Neighborhood Housing Services (NHS) of Los Angeles County, a non-profit ...
Oct 28, 2020

Federal Home Loan Bank of San Francisco Announces Third Quarter 2020 Operating Results

SAN FRANCISCO, October 29, 2020 — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the third quarter of 2020 was $161 million, compared with net income of $61 million for the third quarter of 2019. The $100 million increase in net income relative to the prior-year period primarily reflected the Bank's receipt of disgorgement proceeds in connection with a Securities and Exchange ...
Oct 15, 2020

FHLBank San Francisco Names Tyrone Roderick Williams to Affordable Housing Advisory Council and Reappoints Five Current Members

SAN FRANCISCO – October 15, 2020 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Tyrone Roderick Williams to its Affordable Housing Advisory Council (AHAC), effective immediately. Mr. Williams will fill the vacant seat of an AHAC member who resigned at the end of 2019 and serve through 2021. The Bank also reappointed five current AHAC members to new three-year terms beginning on ...
Oct 9, 2020

FHLBank San Francisco Announces Interim Chief Financial Officer

SAN FRANCISCO – October 9, 2020 – The Federal Home Loan Bank of San Francisco announced today the appointment of Joseph E. Amato as executive vice president and senior financial officer effective October 13, 2020, and as executive vice president and interim chief financial officer effective upon the departure of the Bank’s current chief financial officer, Kenneth C. Miller. Mr. Miller, who has served as chief financial officer since 2011 ...
Sep 24, 2020

FHLBank San Francisco Awards $3.5 Million in Grants for Pandemic Relief and Economic Development to 97 Nonprofit Organizations

SAN FRANCISCO – September 23, 2020 – The Federal Home Loan Bank of San Francisco awarded $3.5 million in grants to 97 nonprofits through its 2020 AHEAD Program. The grants, delivered by FHLBank San Francisco member financial institutions to nonprofits in Arizona, California, and Nevada, are aimed at providing both immediate and long-term pandemic relief and boosting economic development in lower-income communities. AHEAD is an annual economic development grant program ...
Jul 23, 2020

FHLBank San Francisco Announces Second Quarter 2020 Operating Results

SAN FRANCISCO, July 23, 2020 — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the second quarter of 2020 was $88 million, compared with net income of $49 million for the second quarter of 2019. The $39 million increase in net income relative to the prior-year period primarily reflects a $32 million increase in net interest income, from $110 million for the ...
Jun 30, 2020

More Than 3,500 New Housing Units to Be Created with Grants from FHLBank San Francisco’s Affordable Housing Program

SAN FRANCISCO — June 30, 2020 — The Federal Home Loan Bank of San Francisco awarded $37.7 million in Affordable Housing Program (AHP) grants to 50 projects that will construct or rehabilitate 3,514 units of housing that is affordable to lower-income families and individuals in Arizona, California, and Nevada. Awarded to twenty of the Bank’s member financial institutions who will deliver the funding to affordable housing developers, these grants will ...
Jun 18, 2020

Taking a Stand on Racial Justice and Working for Change: A Message from Acting CEO Steve Traynor

SAN FRANCISCO – June 18, 2020 – The brutal killing of George Floyd in Minneapolis – and of Breonna Taylor, Ahmaud Arbery, and too many others – shocks the conscience of decent people everywhere. The lens that the Black Lives Matter movement has trained on racism, deplorable acts of violence, and the other assaults on human dignity that occur too often in America under color of law, is rightly damning ...
May 19, 2020

FHLBank San Francisco Now Accepting Applications from Member Financial Institutions for $2.5 Million in Economic Development Grants (Updated June 2020)

SAN FRANCISCO – May 19, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is now accepting applications from member financial institutions for $2.5 million in AHEAD economic development grants. In response to the economic shocks caused by the COVID-19 crisis, FHLBank San Francisco added $1 million to its planned $1.5 million 2020 program funding allocation. Members of the cooperatively-owned wholesale bank include commercial banks, credit ...
May 12, 2020

FHLBank San Francisco to Match Up To $1.8 Million in Contributions for Pandemic Relief Made by Member Financial Institutions

SAN FRANCISCO, CA – May 12, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is making $1.8 million in matching funds available to member financial institutions donating to nonprofits or contributing to local small businesses in response to the escalating economic impact of the COVID-19 pandemic on the communities they serve. FHLBank San Francisco is a cooperatively-owned wholesale bank whose members are commercial banks, credit ...
May 1, 2020

FHLBank San Francisco Makes $10.7 Billion Available for COVID-19 Relief and Recovery Solutions Delivered by Local Lenders (Updated June 2020)

SAN FRANCISCO – May 1, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is a cooperatively-owned wholesale bank and a reliable source of liquidity for its member financial institutions in all economic cycles. FHLBank members are commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. In response to the unprecedented COVID-19 public ...
Apr 28, 2020

FHLBank San Francisco Announces First Quarter 2020 Operating Results

SAN FRANCISCO, April 28, 2020 —The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2020. The Bank incurred a net loss of $8 million for the first quarter of 2020, compared with net income of $104 million for the first quarter of 2019. The $112 million decrease in net income/(loss) relative to the prior-year period primarily reflected a $95 million ...
Mar 30, 2020

FHLBank San Francisco Plans to Continue Publishing Cost of Funds Indices Until Early 2022

Deadline Extended an Additional Year to Accommodate Market Participants SAN FRANCISCO, March 30, 2020 — The Federal Home Loan Bank of San Francisco announced today that it is extending its deadline for discontinuing its cost of funds indices from early 2021 to early 2022. The Bank plans to continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) until the announcement of the December 2021 COFI in ...
Feb 20, 2020

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 20, 2020 — The Federal Home Loan Bank of San Francisco today announced its 2019 operating results. Net income for 2019 was $327 million, compared with net income of $360 million for 2018. Net income for the fourth quarter of 2019 was $113 million, compared with net income of $73 million for the fourth quarter of 2018. The $33 million decrease in net income for 2019 ...
Feb 6, 2020

Federal Home Loan Bank of San Francisco Announces Resignation of Chief Executive Officer

SAN FRANCISCO – February 6, 2020 – The Federal Home Loan Bank of San Francisco announced today that Greg Seibly, President and Chief Executive Officer, has given notice of his resignation effective February 28, 2020. The Bank’s Board of Directors has named Stephen P. Traynor, Executive Vice President and Chief Banking Officer, as Acting President and CEO, effective upon Mr. Seibly’s resignation. “On behalf of the Board and the entire ...
Jan 17, 2020

Mayor London Breed and Former Mayor Willie Brown Join FHLBank San Francisco and SF Chamber to Celebrate the Bank's Move to Expansive Financial District Offices and Launch of a New Conference Center

SAN FRANCISCO, CA – January 17, 2020 – FHLBank San Francisco was joined by Mayor London Breed, Former Mayor Willie Brown, Jr. and the San Francisco Chamber of Commerce for a Ribbon Cutting ceremony at the Bank’s new offices in the heart of the City’s Financial District on January 14. The Bank has brought its 300 employees together under one roof across five connected floors at 333 Bush Street and ...
Nov 25, 2019

Senator Cortez Masto and FHLBank San Francisco Host Workshop on Financing Resources for Affordable Housing Projects and Community Revitalization Initiatives

LAS VEGAS, NV – November 25, 2019 – Senator Catherine Cortez Masto and the Federal Home Loan Bank of San Francisco welcomed more than 50 attendees – including local lenders, affordable housing developers, and nonprofits with expertise in economic development – to the East Las Vegas Library today for a half-day workshop on accessing FHLBank San Francisco grants and discounted credit products to finance affordable housing and community development. “Nevada ...
Nov 22, 2019

FHLBank San Francisco and Its Member Financial Institutions Make a Significant Impact on Los Angeles Economy

LOS ANGELES, CA – November 22, 2019 – In a presentation to attendees of the Los Angeles Business Council’s Annual Mayoral Housing, Transportation & Jobs Summit, Federal Home Loan Bank of San Francisco’s Chief Banking Officer Stephen Traynor highlighted the economic impact of the lending activity of FHLBank San Francisco’s members and how the FHLBank’s community grant and credit programs support affordable housing and economic development in one of the ...
Nov 19, 2019

San Luis Obispo Community Celebrates Grand Opening of Bishop Street Studios

SAN LUIS OBISPO, CA – November 19, 2019 – With community partners, local officials, and the development’s first residents, the Federal Home Loan Bank of San Francisco celebrated the grand opening of Bishop Street Studios on November 14, 2019. Bishop Street Studios is a visionary supportive housing project offering 33 new studio apartments to low-income adults with behavioral health needs in San Luis Obispo. FHLBank San Francisco is among the ...
Nov 6, 2019

Federal Home Loan Bank of San Francisco Announces 2019 Director Election Results

SAN FRANCISCO, November 6, 2019 — The Federal Home Loan Bank of San Francisco announced today the results of its 2019 director elections. The Bank’s members re-elected Melinda Guzman and Kevin Murray to nonmember independent director positions. Ms. Guzman is Chief Executive Officer/Attorney of Melinda Guzman Professional Corporation, Sacramento, California. Mr. Murray is President and Chief Executive Officer of Weingart Center Association, Los Angeles, California. The Bank’s California members also ...
Oct 24, 2019

FHLBank San Francisco Announces Third Quarter 2019 Operating Results

SAN FRANCISCO, October 24, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2019 was $61 million, compared with net income of $102 million for the third quarter of 2018. The $41 million decrease in net income relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial ...
Oct 3, 2019

Community Leaders Celebrate Grand Opening of Ormond Beach Villas

OXNARD, CA – October 3, 2019 – With community leaders and public officials, the Federal Home Loan Bank of San Francisco celebrated the grand opening of Ormond Beach Villas today, a $22 million project developed by Many Mansions to create 40 affordable homes for veterans and their families. FHLBank San Francisco awarded the project a $390,000 Affordable Housing Program grant through Bank member MUFG Union Bank. “We are very proud ...
Sep 24, 2019

FHLBank San Francisco Awards $781,250 in Grants for Five Disaster Recovery and Resiliency Initiatives in California

SAN FRANCISCO – September 24, 2019 – The Federal Home Loan Bank of San Francisco has awarded $781,250 in grants that will be used by local government agencies and nonprofit Economic Development Districts (EDDs) to launch targeted disaster recovery and resiliency initiatives in five communities affected by recent natural disasters: Butte County, Lake County, Shasta County, Sonoma County, and Yuba County. “In the last few years, disasters, especially wildfires, have ...
Sep 23, 2019

FHLBank San Francisco Awards $1.5 Million in Grants to 55 Nonprofits for Economic Development Initiatives

SAN FRANCISCO – September 23, 2019 – The Federal Home Loan Bank of San Francisco has awarded $1.5 million in grants through its 2019 Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to advance innovative economic and community development initiatives and bring greater opportunity to underserved ...
Aug 6, 2019

FHLBank San Francisco Names Greg Ward Chief Risk Officer, Arlene Coyle Named Chief Audit Executive

SAN FRANCISCO, August 6, 2019 —The Board of Directors of the Federal Home Loan Bank of San Francisco has promoted Greg Ward to Executive Vice President and Chief Risk Officer and promoted Arlene Coyle to Senior Vice President and Chief Audit Executive, the role most recently held by Mr. Ward. (l-r) Greg Ward, Executive Vice President, Chief Risk Officer; Arlene Coyle, Senior Vice President, Chief Audit Executive Greg Ward oversees ...
Jul 25, 2019

FHLBank San Francisco Announces Second Quarter 2019 Operating Results

SAN FRANCISCO, July 25, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2019 was $49 million, compared with net income of $104 million for the second quarter of 2018. The $55 million decrease in net income relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial ...
Jul 16, 2019

FHLBank San Francisco Plans to Continue Publishing Cost of Funds Indices Until Early 2021

SAN FRANCISCO, July 16, 2019 — The Federal Home Loan Bank of San Francisco announced today that it is extending its deadline for discontinuing its cost of funds indices from early 2020 to early 2021. The Bank plans to continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) in 2020 and to stop publishing the index after the announcement of the December 2020 COFI in January ...
Apr 25, 2019

FHLBank San Francisco Announces First Quarter 2019 Operating Results

SAN FRANCISCO, April 25, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2019 was $104 million, compared with net income of $81 million for the first quarter of 2018. The $23 million increase in net income relative to the prior-year period primarily reflected improvements in net fair value gains and losses associated with derivatives, hedged items, and ...
Apr 9, 2019

FHLBank San Francisco's Homeownership Programs Help Local Lenders Open Doors for First-Time Homebuyers

SAN FRANCISCO – April 9, 2019 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $9.3 million to fund matching grants for first-time homebuyers, with $8.9 million allocated to its 2019 Workforce Initiative Subsidy for Homeownership (WISH) Program and $400,000 allocated to its 2019 Individual Development and Empowerment Account (IDEA) Program. The WISH and IDEA grants are delivered to eligible homebuyers through the cooperative’s member ...
Mar 6, 2019

FHLBank San Francisco Names Three to Affordable Housing Advisory Council and Reappoints Three Current Members

SAN FRANCISCO – March 6, 2019 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Holly Benson, Dr. Hilary Lopez, and Takao Suzuki to its Affordable Housing Advisory Council (AHAC) and the reappointment of current AHAC members Diana Yazzie Devine, Donald Falk, and Douglas Shoemaker to new three-year terms. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic ...
Feb 21, 2019

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2019 — The Federal Home Loan Bank of San Francisco today announced its 2018 operating results. Net income for 2018 was $360 million, compared with net income of $376 million for 2017. Net income for the fourth quarter of 2018 was $73 million, compared with net income of $67 million for the fourth quarter of 2017. The $16 million decrease in net income for 2018 ...
Dec 11, 2018

FHLBank San Francisco Commits $250,000 in Matching Donations for Disaster Relief in Arizona, California, and Nevada

SAN FRANCISCO — December 11, 2018 — The Federal Home Loan Bank of San Francisco is matching the charitable donations of its members to organizations helping victims and communities affected by recent natural disasters and is announcing several changes to expand this effort. The Bank has increased the total amount available for disaster relief matching donations from $150,000 to $250,000, has increased the maximum match per member financial institution from ...
Dec 7, 2018

FHLBank San Francisco Will Stop Publishing Cost of Funds Indices in Early 2020

SAN FRANCISCO — December 7, 2018 — The Federal Home Loan Bank of San Francisco announced today that it will stop publishing three cost of funds indices early in 2020 because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The Bank will no longer calculate and publish the 11th District Monthly Weighted Average Cost of Funds Index (COFI) ...
Nov 7, 2018

Federal Home Loan Bank of San Francisco Announces 2018 Director Election Results

SAN FRANCISCO - November 7, 2018 - The Federal Home Loan Bank of San Francisco announced today the results of its 2018 director elections. The Bank’s members re-elected Scott C. Syphax to a nonmember public interest independent director position. Mr. Syphax is Chief Executive Officer of Syphax Strategic Solutions Inc., Elk Grove, California. The Bank’s California members also elected Virginia A. Varela as a California member director. Ms. Varela is ...
Oct 25, 2018

FHLBank San Francisco Announces Third Quarter 2018 Operating Results

SAN FRANCISCO — October 25, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2018 was $102 million, compared with net income of $81 million for the third quarter of 2017. The $21 million increase in net income relative to the prior-year period primarily reflected higher net interest income, resulting from a higher interest rate environment, and an ...
Sep 12, 2018

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

SAN FRANCISCO – September 12, 2018 – The Federal Home Loan Bank of San Francisco has awarded $1.5 million in grants through its 2018 Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to advance innovative economic development initiatives and foster community stability and self-sufficiency. The AHEAD ...
Aug 10, 2018

Federal Home Loan Bank of San Francisco Announces Results of Arizona Member Director Election

SAN FRANCISCO — August 10, 2018 — The Federal Home Loan Bank of San Francisco today announced that incumbent member director Brian M. Riley has been declared re-elected to a new four-year term on the Bank’s board beginning January 1, 2019, and ending December 31, 2022. Mr. Riley is the President and Chief Executive Officer of Mohave State Bank, Lake Havasu City, Arizona. He currently holds the member director position ...
Jul 26, 2018

FHLBank San Francisco Announces Second Quarter 2018 Operating Results

SAN FRANCISCO — July 26, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2018 was $104 million, compared with net income of $80 million for the second quarter of 2017. The $24 million increase in net income relative to the prior-year period primarily reflected higher net interest income, resulting from higher average balances of interest-earning assets, and ...
Jun 28, 2018

FHLBank San Francisco May Stop Publishing Cost of Funds Indices in 2020

SAN FRANCISCO — June 28, 2018 — The Federal Home Loan Bank of San Francisco announced today that it may stop publishing three cost of funds indices in 2020 because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The Bank publishes three cost of funds indices: the 11th District Monthly Weighted Average Cost of Funds Index (COFI), the ...
Jun 26, 2018

Rep. Dina Titus and FHLBank San Francisco Announce $1.25 Million in Funding for Affordable Housing in Las Vegas

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congresswoman Rep. Dina Titus (NV-1) announced that the representative’s Las Vegas District will receive $1.25 million in Affordable Housing Program (AHP) funding to rehabilitate Archie Grant Park, a 125-unit public housing complex that serves seniors and people with disabilities. “Access to affordable housing remains a serious problem for the most vulnerable in ...
Jun 26, 2018

Rep. Ruben Gallego and FHLBank San Francisco Announce $400,000 Grant for Innovative Affordable Housing Project in Phoenix

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congressman Rep. Ruben Gallego (AZ-7) announced that the the representative’s Phoenix District will receive a $400,000 Affordable Housing Program (AHP) grant to help build an innovative affordable housing development to serve both senior citizens and adults with Autism Spectrum Disorder (ASD). “This project goes beyond affordable housing — 29 Palms will work ...
Jun 26, 2018

More Than 5,100 Units of Housing for Lower-Income Families to Be Built or Preserved With Funding From FHLBank San Francisco's Affordable Housing Program

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $51.2 million in Affordable Housing Program (AHP) grants to 60 projects that will construct or rehabilitate 5,134 units of housing affordable for lower-income families and individuals in six states – Arizona, California, Maryland, Michigan, Nevada, and Texas. Twenty-one FHLBank San Francisco member financial institutions, working in partnership with community-based housing developers, submitted ...
Jun 26, 2018

House Speaker Nancy Pelosi, Rep. Barbara Lee, Rep. Eric Swalwell, and FHLBank San Francisco Announce $14.3 Million in Grants for Affordable Housing

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), along with Speaker Nancy Pelosi (CA-12) and Congressmembers Barbara Lee (CA-13) and Eric Swalwell (CA-15), announced today that the San Francisco Bay Area will receive $14.3 million in Affordable Housing Program (AHP) grants. The funding was awarded to 15 projects that will increase the supply of affordable housing for lower-income families and individuals ...
Jun 26, 2018

Rep. Karen Bass, Rep. Jimmy Gomez, and FHLBank San Francisco Announce $7.6 Million in Grants for Affordable Housing

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), along with Congressmembers Karen Bass (CA-37) and Jimmy Gomez (CA-34), announced that $7.6 million* in Affordable Housing Program (AHP) grants have been awarded to nine projects that will increase the supply of affordable housing for lower-income families and individuals in the representatives’ districts. “Right now, Los Angeles is undergoing a homelessness epidemic,” said ...
Jun 26, 2018

FHLBank San Francisco Awards $65.9 Million in Grants for 70 Affordable Housing Developments in Seven States

SAN FRANCISCO — June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today awarded $65.9 million in Affordable Housing Program (AHP) grants to 70 projects that will construct or rehabilitate 6,067 units of housing affordable for lower-income families and individuals in seven states – Arizona, Arkansas, California, Nevada, Oregon, Texas, and Washington. In the Western Region, Los Angeles ($10.5 million), San Francisco ($7 million) ...
May 3, 2018

Pacific Community Ventures Receives $3.2 Million Investment from Quality Jobs Fund to Support Bay Area Small Businesses

OAKLAND, CA – May 3, 2018 – The Quality Jobs Fund, seeded with a $100 million charitable donation from the Federal Home Loan Bank of San Francisco, today announced a $3.2 million investment in Pacific Community Ventures, a nationally recognized CDFI that supports Bay Area small businesses. Pacific Community Ventures (PCV) will leverage this investment into a projected $5 million of loans to small businesses that will create more than ...
Apr 26, 2018

FHLBank San Francisco Announces First Quarter 2018 Operating Results

SAN FRANCISCO — April 26, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2018 was $81 million, compared with net income of $148 million for the first quarter of 2017. The $67 million decrease in net income relative to the prior-year period primarily reflected a decline in other income, primarily related to net gains on settlements related ...
Apr 11, 2018

FHLBank San Francisco Makes $9.5 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 11, 2018 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $9.5 million to fund matching grants for first-time homebuyers, with $8.9 million allocated to its 2018 Workforce Initiative Subsidy for Homeownership (WISH) Program and $600,000 allocated to its 2018 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from the ...
Feb 21, 2018

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2018 — The Federal Home Loan Bank of San Francisco today announced its 2017 operating results. Net income for 2017 was $376 million, compared with net income of $712 million for 2016. Net income for the fourth quarter of 2017 was $67 million, compared with net income of $127 million for the fourth quarter of 2016. The $336 million decrease in net income for 2017 ...
Feb 15, 2018

FHLBank San Francisco Names Marietta Núñez Community Investment Officer

SAN FRANCISCO – February 15, 2018 – The Federal Home Loan Bank of San Francisco has named Vice President Marietta Núñez Community Investment Officer. She succeeds Jim Yacenda, who retired February 2, 2018. Marietta Núñez joined the Bank in 1998. She launched the Bank's first-time homebuyer matching grant programs, which have delivered over $85 million to help low- and moderate-income families become homeowners. She also designed the Bank’s AHEAD Program ...
Feb 6, 2018

FHLBank San Francisco Names Two to Affordable Housing Advisory Council and Reappoints Two Current Members

SAN FRANCISCO – February 6, 2018 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of David Paull and Anne Wilson to its Affordable Housing Advisory Council (AHAC) and the reappointment of two current AHAC members, Stephen L. Hastings and Tunua Thrash-Ntuk. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant ...
Jan 31, 2018

Federal Home Loan Bank of San Francisco Announces Chair and Vice Chair of the Board of Directors

SAN FRANCISCO – January 31, 2018 – The Board of Directors of the Federal Home Loan Bank of San Francisco has elected independent director John F. (Jack) Luikart as Chair and member director Brian M. Riley as Vice Chair. John F. (Jack) Luikart has been president of Bethany Advisors LLC, San Francisco, California, since February 2007. He has also been a trustee of four asbestos trusts, including, since 2004, the ...
Jan 12, 2018

$100 Million Quality Jobs Fund Announces $5 Million Investment in Central Valley Fund to Support Expansion of Quality Jobs in The Region

STOCKTON, Calif — January 12, 2018 — The Quality Jobs Fund, which was created by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and is led and managed by the New World Foundation (NWF), today provided its first investment – $5 million to the Central Valley Fund. The Davis-based investment firm provides flexible capital solutions that facilitate the expansion of small- and medium-sized businesses, creating quality jobs ...
Dec 8, 2017

FHLBank San Francisco's Affordable Housing Program Boosts Jobs, Labor Income, Tax Revenues, and Economic Activity Across the Nation

SAN FRANCISCO – December 8, 2017 – A recent analysis commissioned by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) shows the significant ripple effect on local economies of its Affordable Housing Program (AHP), which extends far beyond the immediate production of quality affordable housing for low- and moderate-income individuals and families. The analysis, “Beyond Housing: Economic Impact of the Federal Home Loan Bank of San Francisco’s ...
Dec 4, 2017

Jeffrey K. Ball to Join FHLBank San Francisco Board of Directors

SAN FRANCISCO – December 4, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has selected Jeffrey K. Ball to fill an upcoming vacancy on the board beginning January 1, 2018. Mr. Ball is President, Chief Executive Officer, and Director of Friendly Hills Bank, Whittier, California. The term of this seat ends December 31, 2020. Mr. Ball will replace Richard A. Heldebrant, President and ...
Nov 24, 2017

2017 Director Election Results

SAN FRANCISCO - November 24, 2017 - The Federal Home Loan Bank of San Francisco announced today the results of its 2017 director elections. The Bank’s members re-elected John F. Luikart and John T. Wasley to nonmember independent director positions. Mr. Luikart is President of Bethany Advisors, LLC, San Francisco, California. Mr. Wasley is a Consultant with Spencer Stuart, Los Angeles, California. The Bank’s California members also elected Marangal (Marito) ...
Oct 26, 2017

FHLBank San Francisco Announces Third Quarter 2017 Operating Results

SAN FRANCISCO — October 26, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2017 was $81 million, compared with net income of $291 million for the third quarter of 2016. The $210 million decrease in net income primarily reflected a gain on settlements of $240 million (after netting certain legal fees and expenses) in the prior-year period ...
Sep 12, 2017

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

SAN FRANCISCO – September 12, 2017 – The Federal Home Loan Bank of San Francisco announced today that it has awarded $1.5 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency. The ...
Jul 27, 2017

FHLBank San Francisco Announces Second Quarter 2017 Operating Results

SAN FRANCISCO — July 27, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2017 was $80 million, compared with net income of $63 million for the second quarter of 2016. The $17 million increase in net income primarily reflected a $27 million increase in net interest income related to higher average balances of interest-earning assets, combined with ...
Jul 5, 2017

Rep. Dennis Ross and Federal Home Loan Bank of San Francisco Announce $1.2 Million Affordable Housing Grant for the Florida 15th Congressional District

LAKELAND, Florida - July 5, 2017 - Rep. Dennis Ross (FL-15) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that a $1.2 million Affordable Housing Program (AHP) grant has been awarded to help finance one Lakeland, Fla., project. In total, FHLBank San Francisco awarded $73.6 million through 20 Bank members in its 2017 funding competition to support 89 affordable housing projects in seven states ...
Jun 24, 2017

Federal Home Loan Bank of San Francisco Awards $73.6 Million in Grants for 89 Affordable Housing Projects in Seven States

SAN FRANCISCO – June 26, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $73.6 million in Affordable Housing Program (AHP) grants for targeted affordable housing projects. The grants were awarded through 20 Bank members to 89 projects that will construct or rehabilitate 6,280 units of housing affordable to lower-income families and individuals in seven states – Alabama, Arizona, California, Florida, Nevada, Texas, and Wisconsin ...
Apr 27, 2017

FHLBank San Francisco Announces First Quarter 2017 Operating Results

SAN FRANCISCO — April 27, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2017 was $148 million, compared with net income of $231 million for the first quarter of 2016. The $83 million decrease in net income for the first quarter of 2017 relative to the prior-year period primarily reflected a lower gain on settlements relating to ...
Apr 4, 2017

FHLBank San Francisco Makes $12.5 Million Available to Fund Matching Grants for First-Time Homebuyer

SAN FRANCISCO – April 4, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12.5 million to fund matching grants for first-time homebuyers, with $11.3 million allocated to its 2017 Workforce Initiative Subsidy for Homeownership (WISH) Program and $1.2 million allocated to its 2017 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Apr 4, 2017

FHLBank San Francisco Makes $12.5 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 4, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12.5 million to fund matching grants for first-time homebuyers, with $11.3 million allocated to its 2017 Workforce Initiative Subsidy for Homeownership (WISH) Program and $1.2 million allocated to its 2017 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Apr 3, 2017

FHLBank San Francisco Names Lisa Violet Chief Risk Officer

SAN FRANCISCO – April 3, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Lisa Violet as Senior Vice President and Chief Risk Officer. Ms. Violet has served in senior roles in governance, risk, and compliance in both the financial services and technology sectors. Before joining the Bank, Ms. Violet was the chief audit executive at Hitachi Data Systems (HDS), where she ...
Mar 14, 2017

FHLBank San Francisco Names Jan Homan Chief Human Resources Officer

SAN FRANCISCO – March 14, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Jan Homan as Senior Vice President, Chief Human Resources Officer and Office of Minority and Women Inclusion. Ms. Homan has 30 years of experience as a human resources professional. Before joining the Bank, she served as Head of Human Resources for MACH Energy in Oakland, California, where she ...
Feb 27, 2017

FHLBank San Francisco Names Greg Ward Director of Internal Audit

SAN FRANCISCO – February 27, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Greg Ward as Senior Vice President and Director of Internal Audit. Greg Ward Mr. Ward is responsible for managing the Bank’s internal audit function. He joined the Bank in November 2013 as Vice President, Internal Audit, and was promoted to Deputy Director in June 2016. Mr. Ward has ...
Feb 21, 2017

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2017 — The Federal Home Loan Bank of San Francisco today announced its 2016 operating results. Net income for 2016 was $712 million, compared with net income of $638 million for 2015. Net income for the fourth quarter of 2016 was $127 million, compared with net income of $57 million for the fourth quarter of 2015. The $74 million increase in net income for 2016 ...
Feb 14, 2017

FHLBank San Francisco Names Iosefa Alofaituli to Affordable Housing Advisory Council and Reappoints Three Current Members

SAN FRANCISCO – February 14, 2017 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Iosefa Alofaituli to its Affordable Housing Advisory Council (AHAC) and the reappointment of three current AHAC members. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant and credit programs. Iosefa Alofaituli Iosefa Alofaituli is the ...
Nov 30, 2016

Seven AHP Grant Winners Recognized By Affordable Housing Finance Magazine Readers

SAN FRANCISCO–November 30, 2016 – Seven winners of Affordable Housing Finance magazine's 2016 Readers' Choice Awards competition for the nation's Best Affordable Housing Developments received Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). "This industry recognition illustrates how effective our members and their community partners are in producing high quality housing," said Greg Seibly, President and Chief Executive Officer at FHLBank ...
Nov 21, 2016

Federal Home Loan Bank of San Francisco Announces 2016 Director Election Results

SAN FRANCISCO – November 21, 2016 – The Federal Home Loan Bank of San Francisco announced today the results of its 2016 director elections. The Bank’s members re-elected Robert F. Nielsen to a nonmember public interest independent director position. They also re-elected Melinda Guzman and elected F. Daniel Siciliano to other nonmember independent director positions. Mr. Nielsen is President of Shelter Properties, Inc., Reno, Nevada. Ms. Guzman is Chief Executive ...
Oct 27, 2016

Federal Home Loan Bank of San Francisco Announces Third Quarter 2016 Operating Results

SAN FRANCISCO — October 27, 2016 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2016 was $291 million, compared with net income of $46 million for the third quarter of 2015. The $245 million increase in net income for the third quarter of 2016 relative to the prior-year period primarily reflected $240 million in gains (after netting certain ...
Sep 14, 2016

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

SAN FRANCISCO – September 14, 2016 – The Federal Home Loan Bank of San Francisco announced today that it has awarded $1.5 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency. The ...
Jul 28, 2016

Federal Home Loan Bank of San Francisco Announces Second Quarter 2016 Operating Results

SAN FRANCISCO — July 28, 2016 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2016 was $63 million, compared with net income of $61 million for the second quarter of 2015. The $2 million increase in net income for the second quarter of 2016 relative to the prior-year period primarily reflected higher net interest income, partially offset by ...
Jul 1, 2016

Rep. Xavier Becerra and Federal Home Loan Bank of San Francisco Announce $7.8 Million in Affordable Housing Grants for the 34th Congressional District

LOS ANGELES–July 1, 2016 – Rep. Xavier Becerra (CA-34) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that $7.8 million in Affordable Housing Program (AHP) grants have been awarded to help finance five Los Angeles housing projects. In total, $76 million was awarded in the 2016 funding competition to projects in Arizona, California, and Nevada and other areas served by the Bank’s member financial ...
Jul 1, 2016

Rep. Mike Thompson and Federal Home Loan Bank of San Francisco Announce $3.9 Million in Affordable Housing Grants for the 5th Congressional District

NAPA COUNTY – July 1, 2016 – Rep. Mike Thompson (CA-5) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that $3.9 million in Affordable Housing Program (AHP) grants have been awarded to help finance five Napa County housing projects. In total, $76 million was awarded to projects in Arizona, California, Nevada, and other areas served by the Bank’s member financial institutions to produce or ...
Jun 28, 2016

FHLBank San Francisco Awards $76 Million in Grants for Affordable Housing

SAN FRANCISCO – June 28, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $76 million in Affordable Housing Program (AHP) grants for targeted affordable housing projects. The grants were awarded through 19 Bank members to 85 projects that will construct or rehabilitate 6,318 units of housing affordable to lower-income families and individuals in 11 states – Arizona, California, Colorado, Florida, Montana, Nevada, New York ...
Jun 21, 2016

CalHFA Approved to Borrow from Federal Home Loan Bank of San Francisco

SACRAMENTO, CA – June 21, 2016 – The California Housing Finance Agency announced today that it has been approved for $100 million in financing availability from the Federal Home Loan Bank of San Francisco. CalHFA will use its access to Bank credit to fund a portfolio of Fannie Mae and Ginnie Mae mortgage-backed securities composed of loans it has originated for low to moderate income homebuyers. "We look forward to ...
Jun 15, 2016

FHLBank San Francisco's $40 Million Initiative Aims to Create Wealth and Career Opportunities in Underserved Bay Area Communities

OAKLAND, Calif – June 15, 2016 – Seeking to determine best practices for creating quality jobs and small business expansion in underserved communities, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar in Oakland with local, regional, and national experts in those fields. The session was an integral part of the Bank’s $40 million Quality Job Growth and Business Expansion Financing initiative, which will ...
May 17, 2016

Underserved Communities in Phoenix Participate in FHLBank San Francisco's $40 Million Initiative to Address the Wealth Gap and Create New Wealth Opportunities

Phoenix, May 17, 2016 – Seeking to determine best practices for creating quality jobs and small business expansion in underserved communities, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar in Phoenix with local, regional, and national experts in those fields. The session was an integral part of the Bank's $40 million Quality Job Growth and Business Expansion Financing initiative, which will support innovative ...
May 12, 2016

FHLBank San Francisco's Affordable Housing Advisory Council Reelects Chair and Elects New Vice Chair

SAN FRANCISCO – May 12, 2016 –The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce that the Bank’s Affordable Housing Advisory Council has reelected Ralph Lippman to an additional one-year term as chair and has elected Laura Archuleta as vice chair. The Advisory Council provides expert guidance on affordable housing and economic development issues and helps shape the Bank’s community investment grant programs and ...
May 10, 2016

Underserved Communities in Sacramento Participate in FHLBank San Francisco's $40 Million Initiative to Address the Wealth Gap and Create New Wealth Opportunities

SAN FRANCISCO – May 10, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar in Sacramento to explore best practices for creating quality jobs and small business expansion in underserved West Coast communities. The session was an integral part of the Bank's Quality Job Growth and Business Expansion Financing initiative that will direct $40 million to support programs that use innovative strategies ...
May 6, 2016

Underserved Communities in Los Angeles and other West Coast Cities to Receive $40 Million from FHLBank San Francisco to Create New Job Opportunities

Los Angeles, May 6, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar at LA’s Southwest College to explore best practices for creating quality jobs and small business expansion in underserved West Coast communities. The session was an integral part of the Bank’s Quality Job Growth and Business Expansion Financing initiative, which will direct $40 million to support programs that use innovative ...
Apr 28, 2016

Federal Home Loan Bank of San Francisco Announces First Quarter 2016 Operating Results

SAN FRANCISCO – April 28, 2016 – The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2016 was $231 million, compared with net income of $474 million for the first quarter of 2015. The $243 million decrease in net income for the first quarter of 2016 relative to the prior-year period primarily reflected a lower gain on settlements relating to ...
Apr 27, 2016

Greg Seibly Named President and Chief Executive Officer of the Federal Home Loan Bank of San Francisco

SAN FRANCISCO – April 27, 2016 – Today the Federal Home Loan Bank of San Francisco announced that its board of directors has named Greg Seibly as President and Chief Executive Officer, effective May 12, 2016. He will succeed current President and Chief Executive Officer Dean Schultz, who previously announced his retirement. Seibly has served as the President of Consumer Banking at Umpqua Bank since its April 2014 merger with ...
Apr 5, 2016

FHLBank San Francisco Makes $12 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 5, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12 million to fund matching grants for first-time homebuyers, with $9.4 million allocated to its 2016 Workforce Initiative Subsidy for Homeownership (WISH) Program and $2.6 million allocated to its 2016 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Apr 4, 2016

FHLBank San Francisco Names Three to Affordable Housing Advisory Council and Reappoints Four Current Members

SAN FRANCISCO – February 4, 2016 – The Board of Directors of the Federal Home Loan Bank of San Francisco is pleased to announce the following appointments to its Affordable Housing Advisory Council (AHAC): David Adame, Diana Yazzie Devine, and Elizabeth Moore. The Bank also reappointed four current members: Jasmine Borrego, Donald S. Falk, Dean Matsubayashi, and Douglas Shoemaker. The 15-member AHAC provides the Bank with expert guidance on affordable ...
Mar 10, 2016

FHLBank San Francisco to Direct $40 Million to Create New Job Opportunities in Underserved Communities in Arizona, California, and Nevada

SAN FRANCISCO – March 10, 2016 –The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced a new job development and small business financing initiative. The Quality Job Growth and Business Expansion Financing initiative will direct $40 million to fund innovative programs to enhance the income and wealth-building potential of working families and help generate future homebuyers in underserved communities in the Bank’s three-state district of Arizona ...
Feb 18, 2016

Federal Home Loan Bank of San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO – February 18, 2016 – The Federal Home Loan Bank of San Francisco today announced its 2015 operating results. Net income for 2015 was $638 million, compared with net income of $205 million for 2014. Net income for the fourth quarter of 2015 was $57 million, compared with net income of $45 million for the fourth quarter of 2014. The $433 million increase in net income for 2015 ...
Jan 28, 2016

Federal Home Loan Bank of San Francisco Announces Chair and Vice Chair of the Board of Directors

SAN FRANCISCO – January 28, 2016 – The Board of Directors of the Federal Home Loan Bank of San Francisco has elected member director Douglas H. (Tad) Lowrey as Chair and independent director Melinda Guzman as Vice Chair. Douglas H. (Tad) Lowrey and Melinda Guzman Tad Lowrey has served as chairman of Pacific Western Bank and director of PacWest Bancorp since the merger of PacWest Bancorp and CapitalSource in 2014 ...