Letters of Credit
Letters of Credit
Our competitively priced Letters of Credit allow you to leverage FHLBank San Francisco’s AAA/AA+ credit rating and are an efficient way for you to solve problems and generate opportunity.
They can be used to support a variety of financial transactions, including securing public unit deposits under various state and local agency deposit programs.
Opportunities
Provide superior credit rating
Retain securities for liquidity
Allows for higher yielding investments
More on Letters of Credit
Insights
Learn more about how letters of credit issued by FHLBank San Francisco present a strategic alternative for securing PUDs, offering key advantages over securities collateral.
Member Story
Read about FHLBank San Francisco member financial institution Genesis Bank using Letters of Credit to secure new deposits.
Request a Letter of Credit
Members with sufficient collateral pledged to support it and a Letter of Credit Reimbursement Agreement in place can apply for a PUD letter of credit through the Member Portal.
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