Results for "2021"

Thu. Dec 2, 2021

Federal Home Loan Bank of San Francisco Announces 2021 Director Election Results

SAN FRANCISCO, December 2, 2021 - The Federal Home Loan Bank of San Francisco announced today the results of its 2021 director elections. FHLBank San Francisco’s members elected David Adame and Banafsheh Akhlaghi to nonmember independent director positions. David Adame serves as president and CEO of Chicanos Por La Causa (CPLC), one of the nation’s largest community development corporations. Mr. Adame served as COO and CFO before taking on the ...
Wed. Nov 10, 2021

FHLBank San Francisco Wins NACD DE&I Award

SAN FRANCISCO – November 10, 2021 – The Board of Directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced that it is one of three boards winning the NACD Diversity, Equity & Inclusion (DE&I) Award. The NACD DE&I Awards™ highlight forward-thinking boards that leverage the power of diversity, equity, and inclusion to enhance their governance and create long-term value for their organizations and stakeholders ...
Tue. Nov 9, 2021

FHLBank San Francisco Names Anne Segrest McCulloch Chief Legal Officer

SAN FRANCISCO, Nov. 09, 2021 —The board of directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has appointed Anne Segrest McCulloch executive vice president, chief legal officer and corporate secretary, effective November 18, 2021. Ms. McCulloch, a seasoned financial services and housing industry executive and regulatory attorney with more than 30 years in the industry, will assume the position as a result of the retirement ...
Wed. Oct 27, 2021

FHLBank San Francisco Announces Third Quarter 2021 Operating Results

SAN FRANCISCO, October 28, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the third quarter of 2021. Net income for the third quarter of 2021 was $71 million, compared with net income of $161 million for the third quarter of 2020. The $90 million decrease in net income relative to the prior-year period reflected a decrease in other income/(loss) of $73 ...
Mon. Oct 18, 2021

FHLBank San Francisco Awards $1.5 Million in Grants for Economic Development, Pandemic Recovery

SAN FRANCISCO – Oct. 19, 2021 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $1.5 million in grants to 60 nonprofits through its 2021 AHEAD Program. The grants, delivered through FHLBank San Francisco member financial institutions in Arizona, California, and Nevada, are aimed at advancing innovative economic and community development initiatives that bring greater opportunity to underserved populations. Through the AHEAD Program, Bank members boost ...
Wed. Oct 6, 2021

Teresa Bryce Bazemore Named One of Bay Area’s Most Influential Woman in Business by San Francisco Business Times

SAN FRANCISCO — Oct. 7, 2021—The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) congratulates president and CEO Teresa Bryce Bazemore on her recognition as one of the Bay Area’s Most Influential Women in Business for 2021 by the San Francisco Business Times. Bazemore and the other honorees will be celebrated at a virtual event today. The annual list celebrates the leadership and achievements of women in a ...
Fri. Oct 1, 2021

Urban Institute and FHLBank San Francisco Announce New Efforts to Close the Racial Homeownership and Wealth Gaps in America

WASHINGTON, D.C./SAN FRANCISCO, Oct. 4, 2021 — The Urban Institute and the Federal Home Loan Bank of San Francisco today launched a new research and product development initiative aimed at tackling some of the most persistent challenges to closing the racial gaps in homeownership and wealth-building. A two-year, $1.5 million collaboration, the Racial Equity Accelerator for Homeownership will develop and incubate innovations in housing finance, including underwriting and financial technology ...
Tue. Sep 7, 2021

FHLBank San Francisco to Discontinue Publishing Cost of Funds Indices in Early 2022

SAN FRANCISCO — September 8, 2021 — As previously announced, the Federal Home Loan Bank of San Francisco is discontinuing its cost of funds indices in early 2022. The Bank will continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) until the announcement of the December 2021 COFI in January 2022. The Bank will also continue publishing the Semiannual Weighted Average Cost of Funds Indices for ...
Thu. Aug 26, 2021

Federal Home Loan Bank of San Francisco Grants More Than $9.2 Million to Build Affordable Housing in Los Angeles

LOS ANGELES – Aug. 26, 2021 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $36.8 million in Affordable Housing Program (AHP) funding throughout California, including more than $9.2 million in AHP grants awarded to 11 projects in Los Angeles. Los Angeles Mayor Eric Garcetti applauded the announcement, noting that the funding will provide 619 units of affordable housing for low-income families and individuals. Designed ...
Thu. Aug 26, 2021

Federal Home Loan Bank of San Francisco Grants More Than $5.8 Million to Build Affordable Housing in San Francisco and Oakland, Calif.

SAN FRANCISCO – Aug. 26, 2021 –– The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced $36.8 million in Affordable Housing Program (AHP) grants throughout California, including $5.8 million in grants for six Bay Area projects. San Francisco Mayor London Breed and Oakland Mayor Libby Schaaf applauded the funding for four San Francisco and two Oakland projects that will provide 473 units of affordable housing for low-income ...
Thu. Jul 29, 2021

Federal Home Loan Bank of San Francisco Announces Second Quarter 2021 Operating Results

SAN FRANCISCO, July 29, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2021. Net income for the second quarter of 2021 was $55 million, compared with net income of $88 million for the second quarter of 2020. The $33 million decrease in net income relative to the prior-year period reflected a decrease in net interest income of ...
Mon. May 10, 2021

FHLBank San Francisco Names Tony Wong Chief Banking Officer

SAN FRANCISCO, May 10, 2021 —The board of directors of the Federal Home Loan Bank of San Francisco has approved the promotion of Tony Wong to executive vice president and chief banking officer (CBO). As CBO, Mr. Wong is responsible for providing strategic direction and oversight for the sales, marketing and communications, member financial services, member and counterparty credit, and community investment departments. Mr. Wong has served as acting CBO ...
Tue. May 4, 2021

Accepting Applications: 2021 AHEAD Program

FHLBank San Francisco is now accepting applications for our 2021 AHEAD Program grants, until June 3, 2021. AHEAD grants support innovative, targeted initiatives that will create new economic opportunity by expanding proven development models or piloting new interventions. Grants are awarded annually to Bank members partnering with local nonprofits, government agencies, and Tribal organizations to meet diverse local needs. Because of our members’ networks and community connections, AHEAD funding can ...
Thu. Apr 29, 2021

Federal Home Loan Bank of San Francisco Announces First Quarter 2021 Operating Results

SAN FRANCISCO, April 29, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2021. Net income for the first quarter of 2021 was $94 million, compared with a net loss of $8 million for the first quarter of 2020. The $102 million increase in net income relative to the prior-year period primarily reflected an increase in net interest ...
Wed. Apr 14, 2021

FHLBank San Francisco Drives Pandemic Recovery with First-Time Homebuyer Matching Grant Programs

SAN FRANCISCO – April 14, 2021 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), a member-driven cooperative helping lenders in Arizona, California, and Nevada drive local economic growth, is providing $11 million in grants through its Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) matching grant programs. Through the programs, implemented by 36 participating FHLBank San Francisco member financial institutions, eligible ...
Thu. Apr 8, 2021

A Message to Our Employees and Communities from President and CEO Teresa Bryce Bazemore

There is a long and ugly history of racism against Asian Americans in this country that has manifested in discrimination and violence before, yet is rarely given the attention it deserves in the broad public consciousness. Hate crimes against Asian Americans and Pacific Islanders (AAPIs) have skyrocketed over the last year — partially fueled, it seems, by false narratives about the origins of the ongoing COVID-19 crisis. The deadly and ...
Tue. Feb 23, 2021

Teresa Bryce Bazemore Named President and Chief Executive Officer of the Federal Home Loan Bank of San Francisco

SAN FRANCISCO – February 23, 2021 – Today FHLBank San Francisco (Bank) announced that its board of directors has named Teresa Bryce Bazemore as the Bank’s President and Chief Executive Officer, effective March 15, 2021. “We are extremely proud and pleased to have Teresa’s leadership at the Federal Home Loan Bank of San Francisco,” said Dan Siciliano, Chairman of the Bank’s board of directors. “Teresa Bryce Bazemore has a wealth ...
Thu. Feb 18, 2021

Bank Announces Annual and Quarterly Operating Results

SAN FRANCISCO, February 18, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its 2020 operating results. Net income for 2020 was $335 million, compared with net income of $327 million for 2019. Net income for the fourth quarter of 2020 was $94 million, compared with net income of $113 million for the fourth quarter of 2019. The increase in net income of $8 million for ...
Wed. Jan 27, 2021

Accepting Applications: 2021 Affordable Housing Program

We are excited to announce that we are now accepting applications for the Federal Home Loan Bank of San Francisco's 2021 Affordable Housing Program General Fund (AHP). The deadline to submit an application for funding in the 2021 AHP funding competition is March 10, 2021. Apply for 2021 AHP funding Our Affordable Housing Program is central to the Bank’s mission of expanding access to housing and our commitment to providing ...
Tue. Jan 19, 2021

Accepting Applications: 2021 WISH and IDEA Homeownership Programs

We are excited to announce that we are now accepting member applications for the Federal Home Loan Bank of San Francisco's 2021 WISH and IDEA first-time homebuyer downpayment assistance programs. The deadline for members to submit an application to participate in this year’s WISH and IDEA programs is February 16, 2021. Apply to participate in the 2021 WISH and IDEA homeownership programs. Our WISH and IDEA matching grant programs are ...