June 26, 2017 8:53 PM ET

Thrifts and Mortgage Finance

Company Overview of Federal Home Loan Bank of San Francisco

Company Overview

Federal Home Loan Bank of San Francisco provides financial products and services to its members and qualifying nonmembers. The company operates in two segments, Advances-Related Business and Mortgage-Related Business. 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 various obligations of the members to third parties; and invests in financial instruments, such as short-term unsecured interest-bearing deposits, short-term unsecured Federal funds sold, securities purchased ...

600 California Street

San Francisco, CA 94108

United States

274 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
Senior Vice President, General Counsel and Corporate Secretary
Age: 58
Senior Vice President of External, Legislative & Regulatory Affairs
Age: 54
Vice President, Director of financial Reporting & Accounting and Acting Controller
Compensation as of Fiscal Year 2016.

Federal Home Loan Bank of San Francisco Key Developments

Federal Home Loan Bank of San Francisco Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2017

Federal Home Loan Bank of San Francisco announced unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net interest income of $134 million against $123 million a year ago. Net income was $148 million against $231 million a year ago. Return on average assets was 0.63% against 1.08% a year ago. Return on average equity was 10.59% against 19.19% a year ago. The $83 million decrease in net income for the first quarter of 2017 relative to the prior-year period primarily reflected a lower gain on settlements relating to the Bank's private-label residential mortgage-backed securities litigation. The decrease in net income also reflected a voluntary charitable contribution of $40 million made by the Bank during the first quarter of 2017 for the Quality Jobs Fund, a donor-advised fund established to support quality job growth and small business expansion, as well as a voluntary contribution of $4.4 million to the Affordable Housing Program to offset the impact on the AHP assessment of the expense related to the charitable contribution.

Federal Home Loan Bank of San Francisco Names Lisa Violet as Chief Risk Officer

The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Lisa Violet as Senior Vice President and Chief Risk Officer. Ms. Violet has served in senior roles in governance, risk, and compliance in both the financial services and technology sectors. Before joining the Bank, Ms. Violet was the chief audit executive at Hitachi Data Systems (HDS), where she led a global team responsible for internal audit and business continuity. As a member of the HDS Finance Leadership Team and through the executive Internal Control and Risk Committee, she advised on risk management practices during significant industry and company transformation. Prior to her tenure at HDS, Ms. Violet served in a number of senior positions in the banking industry, amassing 20 years of experience at institutions including Wells Fargo & Company and MUFG Union Bank, predominantly in the area of independently assessing capital adequacy under complex regulatory standards. She was also chief risk officer at Bank of the Orient and started out in banking as a commercial lender at Scotia Capital.

Federal Home Loan Bank of San Francisco Appoints Jan Homan as Senior Vice President, Chief Human Resources Officer and Office of Minority and Women Inclusion

The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Jan Homan as Senior Vice President, Chief Human Resources Officer and Office of Minority and Women Inclusion. Ms. Homan has 30 years of experience as a human resources professional. Before joining the Bank, she served as Head of Human Resources for MACH Energy in Oakland, California, where she was responsible for building the software company’s human resources function.

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