Increasing Benefits of Utilization
On April 24, 2026, we announced dividend rates for Q1 2026. There are two dividend periods included in the first quarter due to the sub-class stock structure implemented on January 2, 2026.
Members will receive a cash dividend at an annualized rate of 8.75% for outstanding stock held on January 1, 2026.
The Bank’s Board of Directors also declared quarterly cash dividends at an annualized rate of 4.75% on Membership-based stock and 10% on Activity-based stock for the average of outstanding stock held from 1/2/2026 to 3/31/2026.
Benefits of a sub-class structure:
Usage of FHLBank San Francisco advances and letters of credit could increase your potential dividend returns.
A higher Activity-based stock dividend could further lower your potential borrowing costs.
Increased product utilization can increase our contribution to community grant programs so you can share more positive impact with your communities.
Your Relationship Manager has tools to review various scenarios for your organization and help you plan for the new sub-class dividend structure. Contact them to discuss.
