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 2015.
Federal Home Loan Bank of San Francisco Key Developments
Federal Home Loan Bank of San Francisco Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Oct 29 15
The Federal Home Loan Bank of San Francisco announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. The company reported that its net income for the third quarter of 2015 was $46 million, compared with net income of $76 million for the third quarter of 2014. The $30 million decrease in net income for the third quarter of 2015 relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial instruments carried at fair value and a decline in net interest income. Net interest income for the third quarter of 2015 was $119 million, down from $133 million for the third quarter of 2014. The decrease was primarily due to a decline in earnings on interest-earning assets and a decrease in earnings on invested capital because of lower average capital balances, partially offset by lower dividends paid on mandatory redeemable capital stock (which are classified as interest expense). Return on average assets was 0.21% against 0.35% a year ago. Return on average equity was 3.47% against 5.25% a year ago.
For the nine months, the company reported net income of $581 million against $160 million a year ago. Net interest income was $357 million against $406 million a year ago. Return on average assets was 0.94% against 0.25% a year ago. Return on average equity was 13.72% against 3.73% a year ago.
Federal Home Loan Bank of San Francisco Announces Cash Dividend for the Third Quarter of 2015, Payable on or About November 12, 2015
Oct 29 15
The Board of Directors of Federal Home Loan Bank of San Francisco declared a cash dividend on the capital stock outstanding during the third quarter of 2015 at an annualized rate of 8.79%. The bank expects to pay the dividend on or about November 12, 2015.
Federal Home Loan Bank of San Francisco Elects Bradley W. Beal to its Board Beginning January 1, 2016, and Ending December 31, 2019
Aug 13 15
The Federal Home Loan Bank of San Francisco announced that incumbent member director Bradley W. Beal has been declared elected to a new four-year term on the Bank’s board beginning January 1, 2016, and ending December 31, 2019. Mr. Beal, who is in the member director position designated for the state of Nevada, is the President and Chief Executive Officer of One Nevada Credit Union, Las Vegas, Nevada. He was the only nominee in Nevada for the 2015 director elections and has been declared elected under Federal Housing Finance Agency regulations.
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