Results for "2019"

Nov 25, 2019

Senator Cortez Masto and FHLBank San Francisco Host Workshop on Financing Resources for Affordable Housing Projects and Community Revitalization Initiatives

LAS VEGAS, NV – November 25, 2019 – Senator Catherine Cortez Masto and the Federal Home Loan Bank of San Francisco welcomed more than 50 attendees – including local lenders, affordable housing developers, and nonprofits with expertise in economic development – to the East Las Vegas Library today for a half-day workshop on accessing FHLBank San Francisco grants and discounted credit products to finance affordable housing and community development. “Nevada ...
Nov 22, 2019

FHLBank San Francisco and Its Member Financial Institutions Make a Significant Impact on Los Angeles Economy

LOS ANGELES, CA – November 22, 2019 – In a presentation to attendees of the Los Angeles Business Council’s Annual Mayoral Housing, Transportation & Jobs Summit, Federal Home Loan Bank of San Francisco’s Chief Banking Officer Stephen Traynor highlighted the economic impact of the lending activity of FHLBank San Francisco’s members and how the FHLBank’s community grant and credit programs support affordable housing and economic development in one of the ...
Nov 19, 2019

San Luis Obispo Community Celebrates Grand Opening of Bishop Street Studios

SAN LUIS OBISPO, CA – November 19, 2019 – With community partners, local officials, and the development’s first residents, the Federal Home Loan Bank of San Francisco celebrated the grand opening of Bishop Street Studios on November 14, 2019. Bishop Street Studios is a visionary supportive housing project offering 33 new studio apartments to low-income adults with behavioral health needs in San Luis Obispo. FHLBank San Francisco is among the ...
Nov 6, 2019

Federal Home Loan Bank of San Francisco Announces 2019 Director Election Results

SAN FRANCISCO, November 6, 2019 — The Federal Home Loan Bank of San Francisco announced today the results of its 2019 director elections. The Bank’s members re-elected Melinda Guzman and Kevin Murray to nonmember independent director positions. Ms. Guzman is Chief Executive Officer/Attorney of Melinda Guzman Professional Corporation, Sacramento, California. Mr. Murray is President and Chief Executive Officer of Weingart Center Association, Los Angeles, California. The Bank’s California members also ...
Oct 24, 2019

FHLBank San Francisco Announces Third Quarter 2019 Operating Results

SAN FRANCISCO, October 24, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2019 was $61 million, compared with net income of $102 million for the third quarter of 2018. The $41 million decrease in net income relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial ...
Oct 3, 2019

Community Leaders Celebrate Grand Opening of Ormond Beach Villas

OXNARD, CA – October 3, 2019 – With community leaders and public officials, the Federal Home Loan Bank of San Francisco celebrated the grand opening of Ormond Beach Villas today, a $22 million project developed by Many Mansions to create 40 affordable homes for veterans and their families. FHLBank San Francisco awarded the project a $390,000 Affordable Housing Program grant through Bank member MUFG Union Bank. “We are very proud ...
Sep 24, 2019

FHLBank San Francisco Awards $781,250 in Grants for Five Disaster Recovery and Resiliency Initiatives in California

SAN FRANCISCO – September 24, 2019 – The Federal Home Loan Bank of San Francisco has awarded $781,250 in grants that will be used by local government agencies and nonprofit Economic Development Districts (EDDs) to launch targeted disaster recovery and resiliency initiatives in five communities affected by recent natural disasters: Butte County, Lake County, Shasta County, Sonoma County, and Yuba County. “In the last few years, disasters, especially wildfires, have ...
Sep 23, 2019

FHLBank San Francisco Awards $1.5 Million in Grants to 55 Nonprofits for Economic Development Initiatives

SAN FRANCISCO – September 23, 2019 – The Federal Home Loan Bank of San Francisco has awarded $1.5 million in grants through its 2019 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 and community development initiatives and bring greater opportunity to underserved ...
Aug 6, 2019

FHLBank San Francisco Names Greg Ward Chief Risk Officer, Arlene Coyle Named Chief Audit Executive

SAN FRANCISCO, August 6, 2019 —The Board of Directors of the Federal Home Loan Bank of San Francisco has promoted Greg Ward to Executive Vice President and Chief Risk Officer and promoted Arlene Coyle to Senior Vice President and Chief Audit Executive, the role most recently held by Mr. Ward. (l-r) Greg Ward, Executive Vice President, Chief Risk Officer; Arlene Coyle, Senior Vice President, Chief Audit Executive Greg Ward oversees ...
Jul 25, 2019

FHLBank San Francisco Announces Second Quarter 2019 Operating Results

SAN FRANCISCO, July 25, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2019 was $49 million, compared with net income of $104 million for the second quarter of 2018. The $55 million decrease in net income relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial ...
Jul 16, 2019

FHLBank San Francisco Plans to Continue Publishing Cost of Funds Indices Until Early 2021

SAN FRANCISCO, July 16, 2019 — The Federal Home Loan Bank of San Francisco announced today that it is extending its deadline for discontinuing its cost of funds indices from early 2020 to early 2021. The Bank plans to continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) in 2020 and to stop publishing the index after the announcement of the December 2020 COFI in January ...
Apr 25, 2019

FHLBank San Francisco Announces First Quarter 2019 Operating Results

SAN FRANCISCO, April 25, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2019 was $104 million, compared with net income of $81 million for the first quarter of 2018. The $23 million increase in net income relative to the prior-year period primarily reflected improvements in net fair value gains and losses associated with derivatives, hedged items, and ...
Apr 9, 2019

FHLBank San Francisco's Homeownership Programs Help Local Lenders Open Doors for First-Time Homebuyers

SAN FRANCISCO – April 9, 2019 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $9.3 million to fund matching grants for first-time homebuyers, with $8.9 million allocated to its 2019 Workforce Initiative Subsidy for Homeownership (WISH) Program and $400,000 allocated to its 2019 Individual Development and Empowerment Account (IDEA) Program. The WISH and IDEA grants are delivered to eligible homebuyers through the cooperative’s member ...
Mar 6, 2019

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

SAN FRANCISCO – March 6, 2019 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Holly Benson, Dr. Hilary Lopez, and Takao Suzuki to its Affordable Housing Advisory Council (AHAC) and the reappointment of current AHAC members Diana Yazzie Devine, Donald Falk, and Douglas Shoemaker to new three-year terms. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic ...
Feb 21, 2019

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2019 — The Federal Home Loan Bank of San Francisco today announced its 2018 operating results. Net income for 2018 was $360 million, compared with net income of $376 million for 2017. Net income for the fourth quarter of 2018 was $73 million, compared with net income of $67 million for the fourth quarter of 2017. The $16 million decrease in net income for 2018 ...