Read the FHLBank System's Closing Comment Letter for the FHFA's "FHLBanks at 100" Review

A Message to Members from President and CEO Teresa Bryce Bazemore

We are grateful to the many FHLBank San Francisco member financial institutions and community stakeholders who have shared their perspectives on the vital role, unique value, and broad community impact of the Federal Home Loan Bank System as part of the of the Federal Housing Finance Agency’s “FHLBanks at 100: Focusing on the Future” review. The importance of member voices in this conversation cannot be overstated.

As we approach our centennial, we have welcomed the opportunity to be part of a robust discussion of how best the mission and role of the FHLBanks might be enhanced to meet the dynamic needs of our members and communities, today and tomorrow. While recent market conditions have once again illustrated the critical importance of the FHLBanks in times of stress, our members can continue to rely on us to provide for your liquidity needs day-in and day-out and help you navigate through all economic landscapes. We remain a critical, stabilizing force in the US financial system, and share with you a common purpose of ensuring that capital is available to support the economic needs of our communities. 

On March 31, the Council of FHLBanks submitted a comment letter on behalf of the eleven FHLBanks that I encourage you to read. The letter outlines a vision for the future in which together we build an even more resilient and impactful FHLBank System, one that continues to be a bedrock of stability in the U.S. financial system while meeting the traditional and emerging needs of our membership and of homebuyers and homeowners, renters, and the diverse communities we all serve.

We look forward to continuing the conversation and to working with the Finance Agency, Congress, members, and other stakeholders on this journey into the future.

Thank you for you membership. 


Teresa Bryce Bazemore  
President and CEO
FHLBank San Francisco