Press Release

San Francisco – The Federal Home Loan Bank of San Francisco today announced that the dividend rate for the third quarter of 2004 is 3.70% (annualized). The Bank’s dividend rate for the second quarter of 2004 was 4.68% (annualized).

The Bank has posted its third quarter financial report.

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 345 commercial bank, savings institution, credit union, thrift and loan, and insurance company members headquartered in Arizona, California, and Nevada.

Contact:
Amy Stewart, (415) 616-2605
stewarta@fhlbsf.com

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