August 27, 2016 3:08 AM ET

Thrifts and Mortgage Finance

Company Overview of Federal Home Loan Bank of San Francisco

Company Overview

Federal Home Loan Bank of San Francisco, a wholesale bank, provides financial products and services to its members and various qualifying nonmembers in the United States. The company operates through two segments, Advances-Related Business and Mortgage-Related Business. The company offers its members a range of fixed and adjustable rate loans, called advances. It provides standard and customized advance structures, including advances with non-standard indices; advances with embedded option features; amortizing advances; and advances with partial prepayment symmetry. The company also provides standby letters of credit to support certain obligations of the members to third parties; and invests...

600 California Street

San Francisco, CA 94108

United States

263 Employees

Phone:

415-616-1000

Fax:

415-616-2626

Key Executives for Federal Home Loan Bank of San Francisco

Chief Executive Officer and President
Age: 52
Chief Financial Officer and Senior Vice President
Age: 63
Chief Operating Officer and Executive Vice President
Age: 56
Senior Vice President, General Counsel and Corporate Secretary
Age: 58
Senior Vice President of External & Legislative Affairs
Age: 54
Compensation as of Fiscal Year 2016.

Federal Home Loan Bank of San Francisco Key Developments

Federal Home Loan Bank of San Francisco Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Federal Home Loan Bank of San Francisco reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company’s net interest income was $117 million, up from $108 million for the second quarter of 2015. The increase was primarily due to an increase in earnings because of higher average advance balances and to a reduction in dividends on mandatorily redeemable capital stock, which are classified as interest expense. Net income was $63 million, compared with net income of $61 million for the second quarter of 2015. The $2 million increase in net income for the second quarter of 2016 relative to the prior-year period primarily reflected higher net interest income, partially offset by net fair value losses associated with derivatives, hedged items, and financial instruments carried at fair value. Return on average assets was 0.28% against 0.29% a year ago. Return on average equity was 4.98% against 4.27% a year ago. For the six months, net interest income was $240 million against $238 million a year ago. Net income was $294 million against $535 million a year ago. Return on average assets was 0.67% against 1.35% a year ago. Return on average equity was 11.90% against 18.39% a year ago.

Federal Home Loan Bank of San Francisco Elects Laura Archuleta as New Vice Chair

The Federal Home Loan Bank of San Francisco announced that the bank's Affordable Housing Advisory Council has elected Laura Archuleta as vice chair. She is a member of the board of directors of the California Housing Consortium and the Building Industry Associations of California and Orange County.

Federal Home Loan Bank of San Francisco Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Federal Home Loan Bank of San Francisco announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, net interest income was $123 million against $130 million a year ago. The decrease was primarily due to a decrease in earnings because of lower mbs balances, partially offset by a reduction in dividends on mandatorily redeemable capital stock, which are classified as interest expense. Net income was $231 million against $474 million a year ago. Return on average assets was 1.08% against 2.51% a year ago. Return on average equity was 19.19% against 31.87% a year ago.

Similar Private Companies By Industry

Company Name Region
120dB Films, Inc. United States
1st 2nd Mortgage Co.of N.J., Inc. United States
1st Integrity Mortgage, Inc. United States
1st Point Lending, LLC United States
1st Security Home Mortgage Corp. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Federal Home Loan Bank of San Francisco, please visit www.fhlbsf.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.