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:   2026-04-24T23:59:59+00:00
Accession:  0001316944-26-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FHLB San Francisco Q1 net income $64M, down 32% YoY; declares quarterly dividends
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- Net income of $64M, down from $94M in Q1 2025, driven by lower non-interest income.
- Non-interest income fell $23M YoY to -$3M due to fair value changes on derivatives and net interest settlements.
- Voluntary housing contributions increased $17M to $27M, supporting affordable housing in AZ, CA, NV.
- Regulatory capital ratio 10.22% vs 4.00% requirement; total assets $70.7B, down $2.6B from year-end.
- Board declared quarterly dividends on B-1 stock at 4.75% annualized and B-2 at 10.00%, payable May 8, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316944/000131694426000080/0001316944-26-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316944/000131694426000080/fhlbsf-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001316944-26-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer