Results for "2020"

Dec 29, 2020

Community Support Programs: Resources and Tools for Housing and Economic Development

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund and AHP Set-Aside Program Each year, we ...
Nov 12, 2020

FHLBank San Francisco Announces 2020 Director Election Results

SAN FRANCISCO, November 12, 2020 - The Federal Home Loan Bank of San Francisco announced today the results of its 2020 director elections. The Bank’s members elected Lori R. Gay to a nonmember public interest independent director position and re-elected F. Daniel Siciliano to a nonmember independent director position. Ms. Gay has served as president and chief executive officer of Neighborhood Housing Services (NHS) of Los Angeles County, a non-profit ...
Oct 28, 2020

Federal Home Loan Bank of San Francisco Announces Third Quarter 2020 Operating Results

SAN FRANCISCO, October 29, 2020 — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the third quarter of 2020 was $161 million, compared with net income of $61 million for the third quarter of 2019. The $100 million increase in net income relative to the prior-year period primarily reflected the Bank's receipt of disgorgement proceeds in connection with a Securities and Exchange ...
Oct 15, 2020

FHLBank San Francisco Names Tyrone Roderick Williams to Affordable Housing Advisory Council and Reappoints Five Current Members

SAN FRANCISCO – October 15, 2020 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Tyrone Roderick Williams to its Affordable Housing Advisory Council (AHAC), effective immediately. Mr. Williams will fill the vacant seat of an AHAC member who resigned at the end of 2019 and serve through 2021. The Bank also reappointed five current AHAC members to new three-year terms beginning on ...
Oct 9, 2020

FHLBank San Francisco Announces Interim Chief Financial Officer

SAN FRANCISCO – October 9, 2020 – The Federal Home Loan Bank of San Francisco announced today the appointment of Joseph E. Amato as executive vice president and senior financial officer effective October 13, 2020, and as executive vice president and interim chief financial officer effective upon the departure of the Bank’s current chief financial officer, Kenneth C. Miller. Mr. Miller, who has served as chief financial officer since 2011 ...
Sep 24, 2020

FHLBank San Francisco Awards $3.5 Million in Grants for Pandemic Relief and Economic Development to 97 Nonprofit Organizations

SAN FRANCISCO – September 23, 2020 – The Federal Home Loan Bank of San Francisco awarded $3.5 million in grants to 97 nonprofits through its 2020 AHEAD Program. The grants, delivered by FHLBank San Francisco member financial institutions to nonprofits in Arizona, California, and Nevada, are aimed at providing both immediate and long-term pandemic relief and boosting economic development in lower-income communities. AHEAD is an annual economic development grant program ...
Jul 23, 2020

FHLBank San Francisco Announces Second Quarter 2020 Operating Results

SAN FRANCISCO, July 23, 2020 — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the second quarter of 2020 was $88 million, compared with net income of $49 million for the second quarter of 2019. The $39 million increase in net income relative to the prior-year period primarily reflects a $32 million increase in net interest income, from $110 million for the ...
Jun 30, 2020

More Than 3,500 New Housing Units to Be Created with Grants from FHLBank San Francisco’s Affordable Housing Program

SAN FRANCISCO — June 30, 2020 — The Federal Home Loan Bank of San Francisco awarded $37.7 million in Affordable Housing Program (AHP) grants to 50 projects that will construct or rehabilitate 3,514 units of housing that is affordable to lower-income families and individuals in Arizona, California, and Nevada. Awarded to twenty of the Bank’s member financial institutions who will deliver the funding to affordable housing developers, these grants will ...
Jun 18, 2020

Taking a Stand on Racial Justice and Working for Change: A Message from Acting CEO Steve Traynor

SAN FRANCISCO – June 18, 2020 – The brutal killing of George Floyd in Minneapolis – and of Breonna Taylor, Ahmaud Arbery, and too many others – shocks the conscience of decent people everywhere. The lens that the Black Lives Matter movement has trained on racism, deplorable acts of violence, and the other assaults on human dignity that occur too often in America under color of law, is rightly damning ...
May 19, 2020

FHLBank San Francisco Now Accepting Applications from Member Financial Institutions for $2.5 Million in Economic Development Grants (Updated June 2020)

SAN FRANCISCO – May 19, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is now accepting applications from member financial institutions for $2.5 million in AHEAD economic development grants. In response to the economic shocks caused by the COVID-19 crisis, FHLBank San Francisco added $1 million to its planned $1.5 million 2020 program funding allocation. Members of the cooperatively-owned wholesale bank include commercial banks, credit ...
May 12, 2020

FHLBank San Francisco to Match Up To $1.8 Million in Contributions for Pandemic Relief Made by Member Financial Institutions

SAN FRANCISCO, CA – May 12, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is making $1.8 million in matching funds available to member financial institutions donating to nonprofits or contributing to local small businesses in response to the escalating economic impact of the COVID-19 pandemic on the communities they serve. FHLBank San Francisco is a cooperatively-owned wholesale bank whose members are commercial banks, credit ...
May 1, 2020

FHLBank San Francisco Makes $10.7 Billion Available for COVID-19 Relief and Recovery Solutions Delivered by Local Lenders (Updated June 2020)

SAN FRANCISCO – May 1, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is a cooperatively-owned wholesale bank and a reliable source of liquidity for its member financial institutions in all economic cycles. FHLBank members are commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. In response to the unprecedented COVID-19 public ...
Apr 28, 2020

FHLBank San Francisco Announces First Quarter 2020 Operating Results

SAN FRANCISCO, April 28, 2020 —The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2020. The Bank incurred a net loss of $8 million for the first quarter of 2020, compared with net income of $104 million for the first quarter of 2019. The $112 million decrease in net income/(loss) relative to the prior-year period primarily reflected a $95 million ...
Mar 30, 2020

FHLBank San Francisco Plans to Continue Publishing Cost of Funds Indices Until Early 2022

Deadline Extended an Additional Year to Accommodate Market Participants SAN FRANCISCO, March 30, 2020 — 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 2021 to early 2022. The Bank plans to continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) until the announcement of the December 2021 COFI in ...
Feb 20, 2020

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 20, 2020 — The Federal Home Loan Bank of San Francisco today announced its 2019 operating results. Net income for 2019 was $327 million, compared with net income of $360 million for 2018. Net income for the fourth quarter of 2019 was $113 million, compared with net income of $73 million for the fourth quarter of 2018. The $33 million decrease in net income for 2019 ...
Feb 6, 2020

Federal Home Loan Bank of San Francisco Announces Resignation of Chief Executive Officer

SAN FRANCISCO – February 6, 2020 – The Federal Home Loan Bank of San Francisco announced today that Greg Seibly, President and Chief Executive Officer, has given notice of his resignation effective February 28, 2020. The Bank’s Board of Directors has named Stephen P. Traynor, Executive Vice President and Chief Banking Officer, as Acting President and CEO, effective upon Mr. Seibly’s resignation. “On behalf of the Board and the entire ...
Jan 17, 2020

Mayor London Breed and Former Mayor Willie Brown Join FHLBank San Francisco and SF Chamber to Celebrate the Bank's Move to Expansive Financial District Offices and Launch of a New Conference Center

SAN FRANCISCO, CA – January 17, 2020 – FHLBank San Francisco was joined by Mayor London Breed, Former Mayor Willie Brown, Jr. and the San Francisco Chamber of Commerce for a Ribbon Cutting ceremony at the Bank’s new offices in the heart of the City’s Financial District on January 14. The Bank has brought its 300 employees together under one roof across five connected floors at 333 Bush Street and ...