Results for "2018"

Dec 11, 2018

FHLBank San Francisco Commits $250,000 in Matching Donations for Disaster Relief in Arizona, California, and Nevada

SAN FRANCISCO — December 11, 2018 — The Federal Home Loan Bank of San Francisco is matching the charitable donations of its members to organizations helping victims and communities affected by recent natural disasters and is announcing several changes to expand this effort. The Bank has increased the total amount available for disaster relief matching donations from $150,000 to $250,000, has increased the maximum match per member financial institution from ...
Dec 7, 2018

FHLBank San Francisco Will Stop Publishing Cost of Funds Indices in Early 2020

SAN FRANCISCO — December 7, 2018 — The Federal Home Loan Bank of San Francisco announced today that it will stop publishing three cost of funds indices early in 2020 because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The Bank will no longer calculate and publish the 11th District Monthly Weighted Average Cost of Funds Index (COFI) ...
Nov 7, 2018

Federal Home Loan Bank of San Francisco Announces 2018 Director Election Results

SAN FRANCISCO - November 7, 2018 - The Federal Home Loan Bank of San Francisco announced today the results of its 2018 director elections. The Bank’s members re-elected Scott C. Syphax to a nonmember public interest independent director position. Mr. Syphax is Chief Executive Officer of Syphax Strategic Solutions Inc., Elk Grove, California. The Bank’s California members also elected Virginia A. Varela as a California member director. Ms. Varela is ...
Oct 25, 2018

FHLBank San Francisco Announces Third Quarter 2018 Operating Results

SAN FRANCISCO — October 25, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2018 was $102 million, compared with net income of $81 million for the third quarter of 2017. The $21 million increase in net income relative to the prior-year period primarily reflected higher net interest income, resulting from a higher interest rate environment, and an ...
Sep 12, 2018

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

SAN FRANCISCO – September 12, 2018 – The Federal Home Loan Bank of San Francisco has awarded $1.5 million in grants through its 2018 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 advance innovative economic development initiatives and foster community stability and self-sufficiency. The AHEAD ...
Aug 10, 2018

Federal Home Loan Bank of San Francisco Announces Results of Arizona Member Director Election

SAN FRANCISCO — August 10, 2018 — The Federal Home Loan Bank of San Francisco today announced that incumbent member director Brian M. Riley has been declared re-elected to a new four-year term on the Bank’s board beginning January 1, 2019, and ending December 31, 2022. Mr. Riley is the President and Chief Executive Officer of Mohave State Bank, Lake Havasu City, Arizona. He currently holds the member director position ...
Jul 26, 2018

FHLBank San Francisco Announces Second Quarter 2018 Operating Results

SAN FRANCISCO — July 26, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2018 was $104 million, compared with net income of $80 million for the second quarter of 2017. The $24 million increase in net income relative to the prior-year period primarily reflected higher net interest income, resulting from higher average balances of interest-earning assets, and ...
Jun 28, 2018

FHLBank San Francisco May Stop Publishing Cost of Funds Indices in 2020

SAN FRANCISCO — June 28, 2018 — The Federal Home Loan Bank of San Francisco announced today that it may stop publishing three cost of funds indices in 2020 because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The Bank publishes three cost of funds indices: the 11th District Monthly Weighted Average Cost of Funds Index (COFI), the ...
Jun 26, 2018

Rep. Dina Titus and FHLBank San Francisco Announce $1.25 Million in Funding for Affordable Housing in Las Vegas

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congresswoman Rep. Dina Titus (NV-1) announced that the representative’s Las Vegas District will receive $1.25 million in Affordable Housing Program (AHP) funding to rehabilitate Archie Grant Park, a 125-unit public housing complex that serves seniors and people with disabilities. “Access to affordable housing remains a serious problem for the most vulnerable in ...
Jun 26, 2018

Rep. Ruben Gallego and FHLBank San Francisco Announce $400,000 Grant for Innovative Affordable Housing Project in Phoenix

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congressman Rep. Ruben Gallego (AZ-7) announced that the the representative’s Phoenix District will receive a $400,000 Affordable Housing Program (AHP) grant to help build an innovative affordable housing development to serve both senior citizens and adults with Autism Spectrum Disorder (ASD). “This project goes beyond affordable housing — 29 Palms will work ...
Jun 26, 2018

More Than 5,100 Units of Housing for Lower-Income Families to Be Built or Preserved With Funding From FHLBank San Francisco's Affordable Housing Program

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $51.2 million in Affordable Housing Program (AHP) grants to 60 projects that will construct or rehabilitate 5,134 units of housing affordable for lower-income families and individuals in six states – Arizona, California, Maryland, Michigan, Nevada, and Texas. Twenty-one FHLBank San Francisco member financial institutions, working in partnership with community-based housing developers, submitted ...
Jun 26, 2018

House Speaker Nancy Pelosi, Rep. Barbara Lee, Rep. Eric Swalwell, and FHLBank San Francisco Announce $14.3 Million in Grants for Affordable Housing

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), along with Speaker Nancy Pelosi (CA-12) and Congressmembers Barbara Lee (CA-13) and Eric Swalwell (CA-15), announced today that the San Francisco Bay Area will receive $14.3 million in Affordable Housing Program (AHP) grants. The funding was awarded to 15 projects that will increase the supply of affordable housing for lower-income families and individuals ...
Jun 26, 2018

Rep. Karen Bass, Rep. Jimmy Gomez, and FHLBank San Francisco Announce $7.6 Million in Grants for Affordable Housing

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), along with Congressmembers Karen Bass (CA-37) and Jimmy Gomez (CA-34), announced that $7.6 million* in Affordable Housing Program (AHP) grants have been awarded to nine projects that will increase the supply of affordable housing for lower-income families and individuals in the representatives’ districts. “Right now, Los Angeles is undergoing a homelessness epidemic,” said ...
Jun 26, 2018

FHLBank San Francisco Awards $65.9 Million in Grants for 70 Affordable Housing Developments in Seven States

SAN FRANCISCO — June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today awarded $65.9 million in Affordable Housing Program (AHP) grants to 70 projects that will construct or rehabilitate 6,067 units of housing affordable for lower-income families and individuals in seven states – Arizona, Arkansas, California, Nevada, Oregon, Texas, and Washington. In the Western Region, Los Angeles ($10.5 million), San Francisco ($7 million) ...
May 3, 2018

Pacific Community Ventures Receives $3.2 Million Investment from Quality Jobs Fund to Support Bay Area Small Businesses

OAKLAND, CA – May 3, 2018 – The Quality Jobs Fund, seeded with a $100 million charitable donation from the Federal Home Loan Bank of San Francisco, today announced a $3.2 million investment in Pacific Community Ventures, a nationally recognized CDFI that supports Bay Area small businesses. Pacific Community Ventures (PCV) will leverage this investment into a projected $5 million of loans to small businesses that will create more than ...
Apr 26, 2018

FHLBank San Francisco Announces First Quarter 2018 Operating Results

SAN FRANCISCO — April 26, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2018 was $81 million, compared with net income of $148 million for the first quarter of 2017. The $67 million decrease in net income relative to the prior-year period primarily reflected a decline in other income, primarily related to net gains on settlements related ...
Apr 11, 2018

FHLBank San Francisco Makes $9.5 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 11, 2018 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $9.5 million to fund matching grants for first-time homebuyers, with $8.9 million allocated to its 2018 Workforce Initiative Subsidy for Homeownership (WISH) Program and $600,000 allocated to its 2018 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from the ...
Feb 21, 2018

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2018 — The Federal Home Loan Bank of San Francisco today announced its 2017 operating results. Net income for 2017 was $376 million, compared with net income of $712 million for 2016. Net income for the fourth quarter of 2017 was $67 million, compared with net income of $127 million for the fourth quarter of 2016. The $336 million decrease in net income for 2017 ...
Feb 15, 2018

FHLBank San Francisco Names Marietta Núñez Community Investment Officer

SAN FRANCISCO – February 15, 2018 – The Federal Home Loan Bank of San Francisco has named Vice President Marietta Núñez Community Investment Officer. She succeeds Jim Yacenda, who retired February 2, 2018. Marietta Núñez joined the Bank in 1998. She launched the Bank's first-time homebuyer matching grant programs, which have delivered over $85 million to help low- and moderate-income families become homeowners. She also designed the Bank’s AHEAD Program ...
Feb 6, 2018

FHLBank San Francisco Names Two to Affordable Housing Advisory Council and Reappoints Two Current Members

SAN FRANCISCO – February 6, 2018 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of David Paull and Anne Wilson to its Affordable Housing Advisory Council (AHAC) and the reappointment of two current AHAC members, Stephen L. Hastings and Tunua Thrash-Ntuk. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant ...
Jan 31, 2018

Federal Home Loan Bank of San Francisco Announces Chair and Vice Chair of the Board of Directors

SAN FRANCISCO – January 31, 2018 – The Board of Directors of the Federal Home Loan Bank of San Francisco has elected independent director John F. (Jack) Luikart as Chair and member director Brian M. Riley as Vice Chair. John F. (Jack) Luikart has been president of Bethany Advisors LLC, San Francisco, California, since February 2007. He has also been a trustee of four asbestos trusts, including, since 2004, the ...
Jan 12, 2018

$100 Million Quality Jobs Fund Announces $5 Million Investment in Central Valley Fund to Support Expansion of Quality Jobs in The Region

STOCKTON, Calif — January 12, 2018 — The Quality Jobs Fund, which was created by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and is led and managed by the New World Foundation (NWF), today provided its first investment – $5 million to the Central Valley Fund. The Davis-based investment firm provides flexible capital solutions that facilitate the expansion of small- and medium-sized businesses, creating quality jobs ...