Securities Services

Members of the Federal Home Loan Bank of San Francisco are eligible to pledge securities as collateral under the standard credit program and Securities-Backed Credit (SBC) Program. All securities pledged to the Bank under these programs must be delivered to the Bank’s custodian. To facilitate the pledging of securities under these programs, the Bank also offers securities safekeeping services for unpledged securities.

Key advantages of the Bank's securities services:

• Experience: The Bank’s securities specialists maintain a $129 billion portfolio for approximately 300 customers.
• Scope: All types of domestic securities can be held in the member's safekeeping account.
• Settlement: All securities settlement is accomplished through a single custodian.
• Reporting: Daily reporting of all transactions and monthly reporting of holdings are provided by fax. Reports are also available by e-mail.
• Cash Management: All transactions are automatically posted to the member’s Settlement/Transaction Account, allowing the member to net its Bank transactions into one wire transfer.
• Consolidation: Pledged and unpledged securities are held with one custodian, facilitating new pledges, and allowing members to avoid using a broker or one of their competitors for this important service.
• Pledging: Securities can easily be transferred to pledged status, which reduces the risk of failed trades.
• Audit Confirmations: Audit confirmations are provided at no cost.
• Research: Our securities specialists can perform research and even file claims on your behalf.