Leadership
The Federal Home Loan Bank of San Francisco (“Bank”), a federally chartered corporation, is one of 11 regional Federal Home Loan Banks covering the territories of Arizona, California, and Nevada. Each year the Bank holds elections for available independent director and member director positions.
In the 2025 election, there are two independent director positions and one California member director position available on the Board of Directors (“Board”).
One independent director position will be a public interest seat, and one position will be a regular independent director seat. This year the Board has four incumbent directors who are eligible to apply for a new term.
The one California member director position has an eligible incumbent director that is expected to be nominated.
All three director positions have four-year terms that begin on January 1, 2026. The Bank expects to send voting instructions in October.
Information on the independent director application process and the member director nomination process can be found below.
Applications and nominations will be accepted from July 30, 2025, through August 29, 2025. Submissions received after 6:00 p.m. PT on August 29, 2025, will not be accepted.
View Independent Director Profile
Please review the tips for completing your independent director application.
The following materials must be submitted by email to the Bank by 6:00 p.m. PT on August 29, 2025, to be considered for nomination.
Detailed resume
Summary of additional qualifications, such as expertise in the areas relevant for the independent director position, as applicable. The Bank is interested in the public interest background of all applicants, whether they meet the regulatory requirements to be considered for a public interest director or not, and encourages all applicants to respond to question 13, in addition to question 14 in the application form. If an applicant is not deemed to meet the regulatory requirements to be eligible for a public interest director position, it will not negatively impact consideration of their candidacy for a position on the Board.
After the application deadline, the Bank’s Board will assess the eligibility and qualifications of each applicant and nominate one candidate for each independent director position to be filled in the election.
Independent Director Qualifications
Candidates for the independent director positions must meet certain minimum statutory and regulatory requirements:
To serve as an independent director, an individual must be a United States citizen and must maintain a principal residence in a state in the Bank’s district (Arizona, California, or Nevada) (or own or lease a residence in the district and be employed in the district). In addition, the individual may not be an officer of any Federal Home Loan Bank or a director, officer, or employee of any member of the Bank or of any recipient of advances from the Bank. These requirements apply to all independent directors, including public interest directors.
To serve as an independent director other than a public interest director, an individual must have knowledge of, or experience in, financial management, auditing or accounting, risk management practices, derivatives, project development, organizational management, or the law.
To serve as an independent director that is designated as a public interest director, an individual must have more than four years of personal experience in representing consumer or community interests on banking services, credit needs, housing, or financial consumer protections. For clarification, the efforts of a public interest director applicant in the areas listed above must be undertaken on behalf of and for the direct benefit of consumers or community interests. (A candidate who wishes to be considered to be designated as a public interest director must meet these criteria.)
More specific information about these statutory and regulatory eligibility requirements is contained in the application form. The application also requires candidates to provide information about their leadership experience, business knowledge, commitment to service, personal integrity, independence, and other experience and education.
Eligible Bank members located in California will receive information and a nomination form by email for the nomination of individuals for one member director position in California on the Bank’s Board.
A nominee must be a citizen of the United States and an officer or director of a member institution located in California, that (i) was a member of the Bank as of December 31, 2024, and (ii) meets all of its applicable regulatory capital requirements.
After the nomination processes have been completed and the Bank has verified the eligibility of the nominated candidates, the Bank will email members of the Bank about online voting. This year, the Bank expects to send voting instructions in October.
For additional information about the Bank and its Board of Directors, please see the Bank’s 2024 Form 10-K.
If you have any questions about serving on the Bank’s Board, the independent director election process, or the member director election process, please contact the Bank.
