secwatch.observer — SEC 8-K summary
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Issuer:     Federal Home Loan Bank of San Francisco (—)
CIK:        0001316944
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001316944-24-000078
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316944/000131694424000078/0001316944-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316944/000131694424000078/fhlbsf-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001316944-24-000078

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