---
schema_version: "secwatch.filing_event.v1"
accession: "0001316944-24-000148"
form_type: "8-K"
ticker: null
cik: "0001316944"
company_name: "Federal Home Loan Bank of San Francisco"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:27:27.501285+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Controller Kitty Payne resigns; Lucy Sheftel named interim Controller

## Summary
- Kitty Payne resigned as SVP, Controller and principal accounting officer effective July 17, 2024.
- Ludmila (Lucy) Sheftel appointed interim Controller and principal accounting officer.
- Sheftel had been Managing Director, Deputy Controller since November 2021; previously served as Acting Controller from March 2021.
- Sheftel is a CPA with prior experience at KPMG and PwC; no familial or transactional relationships with the Bank.

## SEC filing metadata
- accession: 0001316944-24-000148
- form_type: 8-K
- cik: 0001316944
- company_name: Federal Home Loan Bank of San Francisco
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000148/0001316944-24-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000148/fhlbsf-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001316944-24-000148
- JSON: https://secwatch.observer/filing/0001316944-24-000148.json
- Plain text: https://secwatch.observer/filing/0001316944-24-000148.txt

## Key facts
- Executive change
  Kitty Payne resigned as Senior Vice President, Controller at Federal Home Loan Bank of San Francisco.
  - Action: resigned
  - Role: Senior Vice President, Controller
  source text: On July 17, 2024, Kitty Payne, Senior Vice President, Controller, and principal accounting officer of the Federal Home Loan Bank of San Francisco (the “Bank ”), tendered her resignation to the Bank, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000148/0001316944-24-000148-index.htm
- Executive change
  Ludmila (Lucy) Sheftel was appointed as interim Controller and principal accounting officer at Federal Home Loan Bank of San Francisco.
  - Action: appointed
  - Role: interim Controller and principal accounting officer
  source text: Also on July 17, 2024, the Bank appointed Ludmila (Lucy) Sheftel as interim Controller and principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316944/000131694424000148/0001316944-24-000148-index.htm

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