Increasing Benefits of Utilization

On October 23, 2026, the Bank’s Board of Directors declared quarterly cash dividends at an annualized rate of 4.75% on Membership-based stock and 10.00% on Activity-based stock for the average of outstanding stock from July 1 to September 30, 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.