---
schema_version: "secwatch.filing_event.v1"
accession: "0001316944-26-000085"
form_type: "8-K"
ticker: null
cik: "0001316944"
company_name: "Federal Home Loan Bank of San Francisco"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:16:26.599696+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# FHLB San Francisco issues $500M in callable fixed-rate consolidated obligation bonds

## Summary
- Two bonds: $250M at 3.800% due 1/29/2027 (trade 4/29/26) and $250M at 3.820% due 2/4/2027 (trade 5/1/26).
- Bonds are European-style callable; principal redemption at bank's option on specific dates (10/29/26 and 11/4/26).
- Consolidated obligations are joint and several liabilities of all 11 FHLBs, not U.S. government guaranteed.
- Issuance is part of routine funding operations; bank did not evaluate materiality of individual issues.

## SEC filing metadata
- accession: 0001316944-26-000085
- form_type: 8-K
- cik: 0001316944
- company_name: Federal Home Loan Bank of San Francisco
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316944/000131694426000085/0001316944-26-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316944/000131694426000085/fhlbsf-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001316944-26-000085
- JSON: https://secwatch.observer/filing/0001316944-26-000085.json
- Plain text: https://secwatch.observer/filing/0001316944-26-000085.txt

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