---
schema_version: "secwatch.filing_event.v1"
accession: "0001316944-24-000078"
form_type: "8-K"
ticker: null
cik: "0001316944"
company_name: "Federal Home Loan Bank of San Francisco"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:19:28.137261+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FHLB San Francisco Q1 net income falls $71M to $124M; declares 8.75% dividend

## Summary
- Net income $124M, down $71M YoY; prior-year Q1 had $93M in advance prepayment fees not repeated.
- Net interest income fell $137M to $150M; other income improved $62M to $36M.
- Advances decreased $4.4B to $56.9B; total assets $88.0B, down from $92.8B at Dec 2023.
- Board declared quarterly cash dividend at annualized 8.75% (up from 7.00% prior year), totaling $66M payable May 9, 2024.
- Regulatory capital ratio 8.43% (requirement 4.0%); permanent capital $7.4B vs risk-based requirement $1.1B.

## SEC filing metadata
- accession: 0001316944-24-000078
- form_type: 8-K
- cik: 0001316944
- company_name: Federal Home Loan Bank of San Francisco
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000078/0001316944-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000078/fhlbsf-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001316944-24-000078
- JSON: https://secwatch.observer/filing/0001316944-24-000078.json
- Plain text: https://secwatch.observer/filing/0001316944-24-000078.txt

## Key facts
- Earnings Releases
  Federal Home Loan Bank of San Francisco reported the first quarter of 2024 results: net income $124 million.
  - Period: the first quarter of 2024
  - Net income: $124 million
  - Result: reported results
  source text: Net income for the first quarter of 2024 was $124 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000078/0001316944-24-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.