Thrifts and Mortgage Finance
Company Overview of Federal Home Loan Bank of San Francisco
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
Key Executives for Federal Home Loan Bank of San Francisco
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Executive Vice President
Senior Vice President, General Counsel and Corporate Secretary
Senior Vice President of External & Legislative Affairs
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
Jul 28 16
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
May 12 16
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
Apr 29 16
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.
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