---
schema_version: "secwatch.filing_event.v1"
accession: "0001316944-25-000023"
form_type: "8-K"
ticker: null
cik: "0001316944"
company_name: "Federal Home Loan Bank of San Francisco"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:10:44.009481+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FHLBank San Francisco CEO Alanna McCargo steps down; CFO Joseph Amato named interim CEO

## Summary
- McCargo resigns effective Jan 30, 2025, becomes Special Policy Advisor through Dec 31, 2025.
- Separation includes $1.48M cash payment plus advisory fees ($80K upfront, $15K monthly, $250K completion).
- Joseph Amato (EVP & CFO) appointed interim President and CEO; will continue as CFO.
- Board initiates search for permanent CEO; McCargo had been CEO since June 2024.

## SEC filing metadata
- accession: 0001316944-25-000023
- form_type: 8-K
- cik: 0001316944
- company_name: Federal Home Loan Bank of San Francisco
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316944/000131694425000023/0001316944-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316944/000131694425000023/fhlbsf-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001316944-25-000023
- JSON: https://secwatch.observer/filing/0001316944-25-000023.json
- Plain text: https://secwatch.observer/filing/0001316944-25-000023.txt

## Key facts
- Executive change
  Alanna McCargo resigned as President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On January 30, 2025, the Federal Home Loan Bank of San Francisco (the “Bank”) and Alanna McCargo, the Bank’s President and Chief Executive Officer, mutually agreed to terms pursuant to which Ms. McCargo will depart the Bank as an employee, effective January 30, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316944/000131694425000023/0001316944-25-000023-index.htm
- Executive change
  Joseph Amato was appointed as Interim President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.
  - Action: appointed
  - Role: Interim President and Chief Executive Officer
  source text: the Bank appointed Joseph Amato, the Bank’s current Executive Vice President and Chief Financial Officer, to additionally serve as the Bank’s Interim President and Chief Executive Officer, effective on the Transition Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316944/000131694425000023/0001316944-25-000023-index.htm

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