Increasing Benefits of Utilization
On July 24, 2026, we announced dividend rates for Q2 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 April 1 to June 30, 2026.
The Board also declared a special dividend for January 1, 2026, and January 2 through June 30, 2026. Because the sub-class dividend structure began on January 2, the special dividend for January 1 was the same rate, 5.69%, for all shares. The special dividend rates for January 2 through June 30, 2026, are 11.01% for Activity-based stock and 2.38% for Membership-based stock.
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.
