Results for "2017"

Dec 8, 2017

FHLBank San Francisco's Affordable Housing Program Boosts Jobs, Labor Income, Tax Revenues, and Economic Activity Across the Nation

SAN FRANCISCO – December 8, 2017 – A recent analysis commissioned by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) shows the significant ripple effect on local economies of its Affordable Housing Program (AHP), which extends far beyond the immediate production of quality affordable housing for low- and moderate-income individuals and families. The analysis, “Beyond Housing: Economic Impact of the Federal Home Loan Bank of San Francisco’s ...
Dec 4, 2017

Jeffrey K. Ball to Join FHLBank San Francisco Board of Directors

SAN FRANCISCO – December 4, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has selected Jeffrey K. Ball to fill an upcoming vacancy on the board beginning January 1, 2018. Mr. Ball is President, Chief Executive Officer, and Director of Friendly Hills Bank, Whittier, California. The term of this seat ends December 31, 2020. Mr. Ball will replace Richard A. Heldebrant, President and ...
Nov 24, 2017

2017 Director Election Results

SAN FRANCISCO - November 24, 2017 - The Federal Home Loan Bank of San Francisco announced today the results of its 2017 director elections. The Bank’s members re-elected John F. Luikart and John T. Wasley to nonmember independent director positions. Mr. Luikart is President of Bethany Advisors, LLC, San Francisco, California. Mr. Wasley is a Consultant with Spencer Stuart, Los Angeles, California. The Bank’s California members also elected Marangal (Marito) ...
Oct 26, 2017

FHLBank San Francisco Announces Third Quarter 2017 Operating Results

SAN FRANCISCO — October 26, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2017 was $81 million, compared with net income of $291 million for the third quarter of 2016. The $210 million decrease in net income primarily reflected a gain on settlements of $240 million (after netting certain legal fees and expenses) in the prior-year period ...
Sep 12, 2017

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

SAN FRANCISCO – September 12, 2017 – The Federal Home Loan Bank of San Francisco announced today that it has awarded $1.5 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency. The ...
Jul 27, 2017

FHLBank San Francisco Announces Second Quarter 2017 Operating Results

SAN FRANCISCO — July 27, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2017 was $80 million, compared with net income of $63 million for the second quarter of 2016. The $17 million increase in net income primarily reflected a $27 million increase in net interest income related to higher average balances of interest-earning assets, combined with ...
Jul 5, 2017

Rep. Dennis Ross and Federal Home Loan Bank of San Francisco Announce $1.2 Million Affordable Housing Grant for the Florida 15th Congressional District

LAKELAND, Florida - July 5, 2017 - Rep. Dennis Ross (FL-15) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that a $1.2 million Affordable Housing Program (AHP) grant has been awarded to help finance one Lakeland, Fla., project. In total, FHLBank San Francisco awarded $73.6 million through 20 Bank members in its 2017 funding competition to support 89 affordable housing projects in seven states ...
Jun 24, 2017

Federal Home Loan Bank of San Francisco Awards $73.6 Million in Grants for 89 Affordable Housing Projects in Seven States

SAN FRANCISCO – June 26, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $73.6 million in Affordable Housing Program (AHP) grants for targeted affordable housing projects. The grants were awarded through 20 Bank members to 89 projects that will construct or rehabilitate 6,280 units of housing affordable to lower-income families and individuals in seven states – Alabama, Arizona, California, Florida, Nevada, Texas, and Wisconsin ...
Apr 27, 2017

FHLBank San Francisco Announces First Quarter 2017 Operating Results

SAN FRANCISCO — April 27, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2017 was $148 million, compared with net income of $231 million for the first quarter of 2016. The $83 million decrease in net income for the first quarter of 2017 relative to the prior-year period primarily reflected a lower gain on settlements relating to ...
Apr 4, 2017

FHLBank San Francisco Makes $12.5 Million Available to Fund Matching Grants for First-Time Homebuyer

SAN FRANCISCO – April 4, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12.5 million to fund matching grants for first-time homebuyers, with $11.3 million allocated to its 2017 Workforce Initiative Subsidy for Homeownership (WISH) Program and $1.2 million allocated to its 2017 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Apr 4, 2017

FHLBank San Francisco Makes $12.5 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 4, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12.5 million to fund matching grants for first-time homebuyers, with $11.3 million allocated to its 2017 Workforce Initiative Subsidy for Homeownership (WISH) Program and $1.2 million allocated to its 2017 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Apr 3, 2017

FHLBank San Francisco Names Lisa Violet Chief Risk Officer

SAN FRANCISCO – April 3, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Lisa Violet as Senior Vice President and Chief Risk Officer. Ms. Violet has served in senior roles in governance, risk, and compliance in both the financial services and technology sectors. Before joining the Bank, Ms. Violet was the chief audit executive at Hitachi Data Systems (HDS), where she ...
Mar 14, 2017

FHLBank San Francisco Names Jan Homan Chief Human Resources Officer

SAN FRANCISCO – March 14, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Jan Homan as Senior Vice President, Chief Human Resources Officer and Office of Minority and Women Inclusion. Ms. Homan has 30 years of experience as a human resources professional. Before joining the Bank, she served as Head of Human Resources for MACH Energy in Oakland, California, where she ...
Feb 27, 2017

FHLBank San Francisco Names Greg Ward Director of Internal Audit

SAN FRANCISCO – February 27, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Greg Ward as Senior Vice President and Director of Internal Audit. Greg Ward Mr. Ward is responsible for managing the Bank’s internal audit function. He joined the Bank in November 2013 as Vice President, Internal Audit, and was promoted to Deputy Director in June 2016. Mr. Ward has ...
Feb 21, 2017

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2017 — The Federal Home Loan Bank of San Francisco today announced its 2016 operating results. Net income for 2016 was $712 million, compared with net income of $638 million for 2015. Net income for the fourth quarter of 2016 was $127 million, compared with net income of $57 million for the fourth quarter of 2015. The $74 million increase in net income for 2016 ...
Feb 14, 2017

FHLBank San Francisco Names Iosefa Alofaituli to Affordable Housing Advisory Council and Reappoints Three Current Members

SAN FRANCISCO – February 14, 2017 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Iosefa Alofaituli to its Affordable Housing Advisory Council (AHAC) and the reappointment of three current AHAC members. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant and credit programs. Iosefa Alofaituli Iosefa Alofaituli is the ...