Increasing Benefits of Utilization

Beginning January 2, 2026, the Bank will implement a sub-class capital stock structure that provides the ability to declare a higher dividend rate on Activity-based stock, while continuing to provide competitive dividend rates for Membership-based stock.

Benefits of a sub-class structure:

• Usage of FHLBank San Francisco advances and letters of credit could increase your potential dividend returns.

• A higher Activity-based stock dividend could further lower your potential borrowing costs.

• Increased product utilization can increase our contribution to community grant programs so you can share more positive impact with your communities.

Your Relationship Manager has tools to review various scenarios for your organization and help you plan for the new sub-class dividend structure. Contact them to discuss.