Press Release

San Francisco—The Federal Home Loan Bank of San Francisco’s members have elected John F. Robinson, and re-elected Craig G. Blunden and James P. Giraldin to serve as industry directors. All three will serve three-year terms beginning January 1, 2004, and ending December 31, 2006.

Mr. Robinson joined Washington Mutual in June 2002 as Executive Vice President, Corporate Risk Management. In the newly created position, he plays a key leadership role in developing and implementing Washington Mutual’s enterprise-wide risk management solutions and strategies in the areas of compliance risk and regulatory relations.

Mr. Robinson has an extensive record as an executive in banking regulation. From 1997 to 2002, he served as Deputy Comptroller of the Office of the Comptroller of the Currency (OCC) where he supervised more than 250 commercial banks in the Western United States. As Deputy Comptroller he was responsible for evaluating national banks’ financial condition, management, and compliance with laws and regulations. Prior to his service with the OCC, he held several positions with the Office of Thrift Supervision, including Regional Director for the Western Region from 1993-1997 and Assistant Director of OTS for Policy during the early nineties. Mr. Robinson is a Chartered Financial Analyst, and has a B.S. in Finance from Washington University in St. Louis and an M.B.A. from Harvard Business School.

Mr. Blunden is President and Chief Executive Officer of Provident Savings Bank and its holding company, Provident Financial Holdings, Inc., as well as serving as Chairman of the Board of Directors for both the bank and the holding company. Mr. Blunden has over 29 years’ experience in the financial services industry. He is a director and treasurer of the Greater Riverside Chamber of Commerce, and is a director of the Riverside Economic Development Corporation.

Mr. Giraldin is President and Chief Operating Officer of First Federal Bank of California, located in Santa Monica, California. He joined the company in 1992 as Executive Vice President/Chief Financial Officer. Prior to joining First Federal Bank of California, Mr. Giraldin served as Chief Executive Officer of Irvine City Bank for five years. He previously served as Chief Financial Officer for two other savings and loan associations and was a certified public accountant with KPMG LLP. Mr. Giraldin earned his B.S. in Accounting from California State University, Long Beach. He serves on the Executive Board of the Boys & Girls Clubs of Santa Monica.

About the Federal Home Loan Bank

The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote community economic development. The Bank serves and is owned by 353 commercial bank, savings institution, credit union, thrift and loan, and insurance company members headquartered in Arizona, California, and Nevada.

Contact:
Tracy Fine, (415) 616-2707
finet@fhlbsf.com

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