0001316944-20-000117.txt : 20200807 0001316944-20-000117.hdr.sgml : 20200807 20200806174308 ACCESSION NUMBER: 0001316944-20-000117 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20200630 FILED AS OF DATE: 20200807 DATE AS OF CHANGE: 20200806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federal Home Loan Bank of San Francisco CENTRAL INDEX KEY: 0001316944 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 946000630 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-51398 FILM NUMBER: 201083006 BUSINESS ADDRESS: STREET 1: 333 BUSH STREET, SUITE 2700 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: (415) 616-1000 MAIL ADDRESS: STREET 1: 333 BUSH STREET, SUITE 2700 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 10-Q 1 fhlbsf-20200630.htm 10-Q fhlbsf-20200630
0001316944FALSE2020Q2--12-31X1one day30thirty daysten yearsfifteen yearsfifteen years9five years60 days00013169442020-01-012020-06-30xbrli:shares00013169442020-07-31iso4217:USD00013169442020-06-3000013169442019-12-310001316944us-gaap:UnsecuredDebtMember2020-06-300001316944us-gaap:UnsecuredDebtMember2019-12-31iso4217:USDxbrli:shares0001316944us-gaap:CommonClassBMember2019-12-310001316944us-gaap:CommonClassBMember2020-06-3000013169442020-04-012020-06-3000013169442019-04-012019-06-3000013169442019-01-012019-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-03-310001316944us-gaap:RetainedEarningsAppropriatedMember2019-03-310001316944us-gaap:RetainedEarningsUnappropriatedMember2019-03-310001316944us-gaap:RetainedEarningsMember2019-03-310001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-3100013169442019-03-310001316944us-gaap:RetainedEarningsAppropriatedMember2019-04-012019-06-300001316944us-gaap:RetainedEarningsUnappropriatedMember2019-04-012019-06-300001316944us-gaap:RetainedEarningsMember2019-04-012019-06-300001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-04-012019-06-30xbrli:pure0001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-06-300001316944us-gaap:RetainedEarningsAppropriatedMember2019-06-300001316944us-gaap:RetainedEarningsUnappropriatedMember2019-06-300001316944us-gaap:RetainedEarningsMember2019-06-300001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-3000013169442019-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-03-310001316944us-gaap:RetainedEarningsAppropriatedMember2020-03-310001316944us-gaap:RetainedEarningsUnappropriatedMember2020-03-310001316944us-gaap:RetainedEarningsMember2020-03-310001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100013169442020-03-310001316944us-gaap:RetainedEarningsAppropriatedMember2020-04-012020-06-300001316944us-gaap:RetainedEarningsUnappropriatedMember2020-04-012020-06-300001316944us-gaap:RetainedEarningsMember2020-04-012020-06-300001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-04-012020-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-06-300001316944us-gaap:RetainedEarningsAppropriatedMember2020-06-300001316944us-gaap:RetainedEarningsUnappropriatedMember2020-06-300001316944us-gaap:RetainedEarningsMember2020-06-300001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2018-12-310001316944us-gaap:RetainedEarningsAppropriatedMember2018-12-310001316944us-gaap:RetainedEarningsUnappropriatedMember2018-12-310001316944us-gaap:RetainedEarningsMember2018-12-310001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-3100013169442018-12-310001316944us-gaap:RetainedEarningsAppropriatedMember2019-01-012019-06-300001316944us-gaap:RetainedEarningsUnappropriatedMember2019-01-012019-06-300001316944us-gaap:RetainedEarningsMember2019-01-012019-06-300001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-01-012019-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-12-310001316944us-gaap:RetainedEarningsAppropriatedMember2019-12-310001316944us-gaap:RetainedEarningsUnappropriatedMember2019-12-310001316944us-gaap:RetainedEarningsMember2019-12-310001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001316944us-gaap:AccountingStandardsUpdate201613Memberfhlbsf:CumulativeEffectPeriodofAdoptionAdjustmentMemberus-gaap:RetainedEarningsUnappropriatedMember2020-06-300001316944us-gaap:AccountingStandardsUpdate201613Memberfhlbsf:CumulativeEffectPeriodofAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2020-06-300001316944us-gaap:AccountingStandardsUpdate201613Memberfhlbsf:CumulativeEffectPeriodofAdoptionAdjustmentMember2020-06-300001316944us-gaap:RetainedEarningsAppropriatedMember2020-01-012020-06-300001316944us-gaap:RetainedEarningsUnappropriatedMember2020-01-012020-06-300001316944us-gaap:RetainedEarningsMember2020-01-012020-06-300001316944us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300001316944us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-01-012020-06-300001316944us-gaap:InterestBearingDepositsMember2019-12-310001316944us-gaap:USTreasurySecuritiesMember2020-06-300001316944us-gaap:USTreasurySecuritiesMember2019-12-310001316944us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944us-gaap:USTreasurySecuritiesMember2020-06-300001316944srt:MultifamilyMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMembersrt:MultifamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944srt:MultifamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944us-gaap:PrimeMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberfhlbsf:AltAMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300001316944us-gaap:MortgageBackedSecuritiesMember2020-06-300001316944us-gaap:USTreasurySecuritiesMember2019-12-310001316944srt:MultifamilyMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMembersrt:MultifamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944srt:MultifamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944us-gaap:PrimeMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberfhlbsf:AltAMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310001316944us-gaap:MortgageBackedSecuritiesMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:MortgageBackedSecuritiesMember2020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMember2020-01-012020-06-300001316944us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:PrimeMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberfhlbsf:AltAMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:PrimeMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberfhlbsf:AltAMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310001316944fhlbsf:OtherThanMortgageBackedSecuritiesMember2020-06-300001316944fhlbsf:OtherThanMortgageBackedSecuritiesMember2019-12-310001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMember2020-06-300001316944srt:SingleFamilyMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMembersrt:SingleFamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944srt:SingleFamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMember2019-12-310001316944srt:SingleFamilyMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944us-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMembersrt:SingleFamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944srt:SingleFamilyMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001316944us-gaap:HeldtomaturitySecuritiesMemberus-gaap:MortgageBackedSecuritiesMember2020-06-300001316944us-gaap:HeldtomaturitySecuritiesMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:PrimeMember2020-01-012020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:PrimeMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberfhlbsf:AltAMember2020-01-012020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberfhlbsf:AltAMember2020-06-300001316944us-gaap:InterestBearingDepositsMember2020-06-300001316944fhlbsf:FederalFundsSoldMember2020-06-300001316944fhlbsf:FederalFundsSoldMember2019-12-310001316944fhlbsf:SecuritiesBorrowedorPurchasedunderAgreementstoResellMember2020-06-300001316944fhlbsf:SecuritiesBorrowedorPurchasedunderAgreementstoResellMember2019-12-310001316944srt:MinimumMember2020-06-300001316944srt:MaximumMember2020-06-300001316944srt:MinimumMember2019-12-310001316944srt:MaximumMember2019-12-310001316944fhlbsf:AdvancesMember2020-06-300001316944fhlbsf:AdvancesMember2019-12-310001316944us-gaap:FederalHomeLoanBankAdvancesCallableOptionMember2020-06-300001316944us-gaap:FederalHomeLoanBankAdvancesCallableOptionMember2019-12-310001316944us-gaap:FederalHomeLoanBankAdvancesPutableOptionMember2020-06-300001316944us-gaap:FederalHomeLoanBankAdvancesPutableOptionMember2019-12-310001316944fhlbsf:FirstRepublicBankMember2020-06-300001316944fhlbsf:AdvancesMemberfhlbsf:FirstRepublicBankMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:FirstRepublicBankMember2020-04-012020-06-300001316944fhlbsf:FirstRepublicBankMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944fhlbsf:FirstRepublicBankMember2020-01-012020-06-300001316944fhlbsf:FirstRepublicBankMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:MUFGUnionBankNAMember2020-06-300001316944fhlbsf:MUFGUnionBankNAMemberfhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:MUFGUnionBankNAMember2020-04-012020-06-300001316944fhlbsf:MUFGUnionBankNAMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944fhlbsf:MUFGUnionBankNAMember2020-01-012020-06-300001316944fhlbsf:MUFGUnionBankNAMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMember2020-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMemberfhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMember2020-04-012020-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMember2020-01-012020-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:CITBankNationalAssociationMember2020-06-300001316944fhlbsf:AdvancesMemberfhlbsf:CITBankNationalAssociationMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:CITBankNationalAssociationMember2020-04-012020-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:CITBankNationalAssociationMemberfhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944fhlbsf:CITBankNationalAssociationMember2020-01-012020-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:CITBankNationalAssociationMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:FirstTechnologyFederalCreditUnionMember2020-06-300001316944fhlbsf:AdvancesMemberfhlbsf:FirstTechnologyFederalCreditUnionMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:FirstTechnologyFederalCreditUnionMember2020-04-012020-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:FirstTechnologyFederalCreditUnionMemberfhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944fhlbsf:FirstTechnologyFederalCreditUnionMember2020-01-012020-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:FirstTechnologyFederalCreditUnionMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:TopfiveborrowersMember2020-06-300001316944fhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-04-012020-06-300001316944fhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2020-01-012020-06-300001316944fhlbsf:OtherBorrowersMember2020-06-300001316944fhlbsf:OtherBorrowersMemberfhlbsf:AdvancesMember2020-01-012020-06-300001316944fhlbsf:OtherBorrowersMember2020-04-012020-06-300001316944fhlbsf:OtherBorrowersMemberus-gaap:InterestIncomeMember2020-04-012020-06-300001316944fhlbsf:OtherBorrowersMember2020-01-012020-06-300001316944fhlbsf:OtherBorrowersMemberus-gaap:InterestIncomeMember2020-01-012020-06-300001316944fhlbsf:AdvancesMember2020-01-012020-06-300001316944us-gaap:InterestIncomeMember2020-04-012020-06-300001316944us-gaap:InterestIncomeMember2020-01-012020-06-300001316944fhlbsf:MUFGUnionBankNAMember2019-06-300001316944fhlbsf:MUFGUnionBankNAMemberfhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:MUFGUnionBankNAMember2019-04-012019-06-300001316944fhlbsf:MUFGUnionBankNAMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:MUFGUnionBankNAMember2019-01-012019-06-300001316944fhlbsf:MUFGUnionBankNAMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:FirstRepublicBankMember2019-06-300001316944fhlbsf:AdvancesMemberfhlbsf:FirstRepublicBankMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:FirstRepublicBankMember2019-04-012019-06-300001316944fhlbsf:FirstRepublicBankMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:FirstRepublicBankMember2019-01-012019-06-300001316944fhlbsf:FirstRepublicBankMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:WellsFargoFinancialNationalBankWestMember2019-06-300001316944fhlbsf:AdvancesMemberfhlbsf:WellsFargoFinancialNationalBankWestMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:WellsFargoFinancialNationalBankWestMember2019-04-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:WellsFargoFinancialNationalBankWestMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:WellsFargoFinancialNationalBankWestMember2019-01-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:WellsFargoFinancialNationalBankWestMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:WellsFargoBankNAMember2019-06-300001316944fhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMemberfhlbsf:WellsFargoBankNAMember2019-01-012019-06-300001316944fhlbsf:WellsFargoBankNAMember2019-04-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMemberfhlbsf:WellsFargoBankNAMember2019-04-012019-06-300001316944fhlbsf:WellsFargoBankNAMember2019-01-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMemberfhlbsf:WellsFargoBankNAMember2019-01-012019-06-300001316944fhlbsf:WellsFargoandCompanyMember2019-06-300001316944fhlbsf:AdvancesMemberfhlbsf:WellsFargoandCompanyMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:WellsFargoandCompanyMember2019-04-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:WellsFargoandCompanyMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:WellsFargoandCompanyMember2019-01-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:WellsFargoandCompanyMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:BankOfWestMember2019-06-300001316944fhlbsf:AdvancesMemberfhlbsf:BankOfWestMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:BankOfWestMember2019-04-012019-06-300001316944fhlbsf:BankOfWestMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:BankOfWestMember2019-01-012019-06-300001316944fhlbsf:BankOfWestMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMember2019-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMemberfhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMember2019-04-012019-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMember2019-01-012019-06-300001316944fhlbsf:JpmorganChaseBankNationalAssociationMemberus-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:TopfiveborrowersMember2019-06-300001316944fhlbsf:AdvancesMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-04-012019-06-300001316944fhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944us-gaap:InterestIncomeMemberfhlbsf:TopfiveborrowersMember2019-01-012019-06-300001316944fhlbsf:OtherBorrowersMember2019-06-300001316944fhlbsf:OtherBorrowersMemberfhlbsf:AdvancesMember2019-01-012019-06-300001316944fhlbsf:OtherBorrowersMember2019-04-012019-06-300001316944fhlbsf:OtherBorrowersMemberus-gaap:InterestIncomeMember2019-04-012019-06-300001316944fhlbsf:OtherBorrowersMember2019-01-012019-06-300001316944fhlbsf:OtherBorrowersMemberus-gaap:InterestIncomeMember2019-01-012019-06-300001316944fhlbsf:AdvancesMember2019-01-012019-06-300001316944us-gaap:InterestIncomeMember2019-04-012019-06-300001316944us-gaap:InterestIncomeMember2019-01-012019-06-300001316944srt:MinimumMember2020-01-012020-06-300001316944srt:MaximumMember2020-01-012020-06-300001316944fhlbsf:LoansReceivableWithFixedRatesOfInterestMediumTermMember2020-06-300001316944fhlbsf:LoansReceivableWithFixedRatesOfInterestMediumTermMember2019-12-310001316944fhlbsf:LoansReceivableWithFixedRatesOfInterestLongTermMember2020-06-300001316944fhlbsf:LoansReceivableWithFixedRatesOfInterestLongTermMember2019-12-310001316944us-gaap:MortgagesMember2020-06-300001316944us-gaap:MortgagesMember2019-12-310001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:NonperformingFinancingReceivableMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:PerformingFinancingReceivableMember2020-06-300001316944us-gaap:ConventionalLoanMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001316944us-gaap:ConventionalLoanMember2019-12-310001316944us-gaap:ConventionalLoanMemberfhlbsf:COVID19ForbearancePlanMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:PerformingFinancingReceivableMemberfhlbsf:COVID19ForbearancePlanMember2020-06-300001316944us-gaap:ConventionalLoanMemberfhlbsf:COVID19ForbearancePlanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfhlbsf:COVID19ForbearancePlanMember2020-06-300001316944us-gaap:ConventionalLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfhlbsf:COVID19ForbearancePlanMember2020-06-300001316944fhlbsf:COVID19ForbearancePlanMember2020-06-300001316944us-gaap:ConventionalLoanMember2020-04-012020-06-300001316944us-gaap:ConventionalLoanMember2020-01-012020-06-300001316944fhlbsf:LoansReceivableWithFixedRatesOfInterestMediumTermMembersrt:MaximumMember2020-01-012020-06-300001316944fhlbsf:LoansReceivableWithFixedRatesOfInterestLongTermMembersrt:MinimumMember2020-01-012020-06-300001316944fhlbsf:VariableInterestRateMemberus-gaap:InterestBearingDepositsMember2020-06-300001316944fhlbsf:VariableInterestRateMemberus-gaap:InterestBearingDepositsMember2019-12-310001316944fhlbsf:FixedInterestRateMemberus-gaap:InterestBearingDepositsMember2020-06-300001316944fhlbsf:FixedInterestRateMemberus-gaap:InterestBearingDepositsMember2019-12-310001316944fhlbsf:CallableMember2020-06-300001316944fhlbsf:CallableMember2019-12-310001316944us-gaap:UnsecuredDebtMemberfhlbsf:FederalHomeLoanBankConsolidatedObligationsCallableOptionMember2020-06-300001316944us-gaap:UnsecuredDebtMemberfhlbsf:FederalHomeLoanBankConsolidatedObligationsCallableOptionMember2019-12-310001316944fhlbsf:NonCallableMember2020-06-300001316944fhlbsf:NonCallableMember2019-12-310001316944fhlbsf:EarlierOfContractualMaturityOrNextCallDateMember2020-06-300001316944fhlbsf:EarlierOfContractualMaturityOrNextCallDateMember2019-12-310001316944us-gaap:ShortTermDebtMember2020-06-300001316944us-gaap:ShortTermDebtMember2019-12-310001316944fhlbsf:FixedInterestRateMember2020-06-300001316944fhlbsf:FixedInterestRateMember2019-12-310001316944fhlbsf:AdjustableInterestRateMember2020-06-300001316944fhlbsf:AdjustableInterestRateMember2019-12-310001316944fhlbsf:StepupInterestRateMember2020-06-300001316944fhlbsf:StepupInterestRateMember2019-12-310001316944fhlbsf:StepdownInterestRateMember2020-06-300001316944fhlbsf:StepdownInterestRateMember2019-12-310001316944fhlbsf:RangeInterestRateMember2020-06-300001316944fhlbsf:RangeInterestRateMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-03-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2019-03-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2019-03-310001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-03-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2019-04-012019-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2019-04-012019-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-04-012019-06-300001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-04-012019-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2019-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2019-06-300001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-03-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2020-03-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2020-03-310001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-03-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-04-012020-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2020-04-012020-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2020-04-012020-06-300001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-04-012020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2020-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2020-06-300001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2018-12-310001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2019-01-012019-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2020-01-012020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2019-01-012019-06-300001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-01-012019-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:HeldtomaturitySecuritiesMember2019-12-310001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-06-300001316944us-gaap:AccumulatedOtherThanTemporaryImpairmentMemberus-gaap:AvailableforsaleSecuritiesMember2020-01-012020-06-300001316944us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-06-300001316944us-gaap:AccountingStandardsUpdate201613Memberfhlbsf:CumulativeEffectPeriodofAdoptionAdjustmentMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001316944us-gaap:AccountingStandardsUpdate201613Memberus-gaap:AccumulatedOtherThanTemporaryImpairmentMemberfhlbsf:CumulativeEffectPeriodofAdoptionAdjustmentMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001316944us-gaap:AccountingStandardsUpdate201613Memberfhlbsf:CumulativeEffectPeriodofAdoptionAdjustmentMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-31fhlbsf:Institutions00013169442018-01-0100013169442019-07-0100013169442020-01-010001316944fhlbsf:FinancingCorporationMember2020-01-012020-06-300001316944us-gaap:SubsequentEventMember2020-07-230001316944us-gaap:SubsequentEventMember2020-08-112020-08-110001316944fhlbsf:FirstRepublicBankMember2020-06-300001316944fhlbsf:FirstRepublicBankMemberus-gaap:StockholdersEquityTotalMember2020-01-012020-06-300001316944fhlbsf:FirstRepublicBankMember2019-12-310001316944fhlbsf:FirstRepublicBankMemberus-gaap:StockholdersEquityTotalMember2019-01-012019-12-310001316944fhlbsf:MUFGUnionBankNAMember2020-06-300001316944fhlbsf:MUFGUnionBankNAMemberus-gaap:StockholdersEquityTotalMember2020-01-012020-06-300001316944fhlbsf:MUFGUnionBankNAMember2019-12-310001316944fhlbsf:MUFGUnionBankNAMemberus-gaap:StockholdersEquityTotalMember2019-01-012019-12-310001316944fhlbsf:CertainMembersAndCertainNonmembersMember2020-06-300001316944fhlbsf:CertainMembersAndCertainNonmembersMember2020-01-012020-06-300001316944fhlbsf:CertainMembersAndCertainNonmembersMember2019-12-310001316944fhlbsf:CertainMembersAndCertainNonmembersMember2019-01-012019-12-310001316944fhlbsf:OtherBorrowersMember2020-06-300001316944fhlbsf:OtherBorrowersMember2020-01-012020-06-300001316944fhlbsf:OtherBorrowersMember2019-12-310001316944fhlbsf:OtherBorrowersMember2019-01-012019-12-310001316944us-gaap:StockholdersEquityTotalMember2020-01-012020-06-300001316944us-gaap:StockholdersEquityTotalMember2019-01-012019-12-31fhlbsf:segment0001316944fhlbsf:AdvancesRelatedBusinessMember2020-04-012020-06-300001316944fhlbsf:MortgageRelatedBusinessMember2020-04-012020-06-300001316944fhlbsf:AdvancesRelatedBusinessMember2019-04-012019-06-300001316944fhlbsf:MortgageRelatedBusinessMember2019-04-012019-06-300001316944fhlbsf:AdvancesRelatedBusinessMember2020-01-012020-06-300001316944fhlbsf:MortgageRelatedBusinessMember2020-01-012020-06-300001316944fhlbsf:AdvancesRelatedBusinessMember2019-01-012019-06-300001316944fhlbsf:MortgageRelatedBusinessMember2019-01-012019-06-300001316944fhlbsf:AdvancesRelatedBusinessMember2020-06-300001316944fhlbsf:MortgageRelatedBusinessMember2020-06-300001316944fhlbsf:AdvancesRelatedBusinessMember2019-12-310001316944fhlbsf:MortgageRelatedBusinessMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310001316944us-gaap:DesignatedAsHedgingInstrumentMember2020-06-300001316944us-gaap:DesignatedAsHedgingInstrumentMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2019-12-310001316944us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbsf:InterestRateCapsandFloorsMember2020-06-300001316944us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbsf:InterestRateCapsandFloorsMember2019-12-310001316944us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:MortgagesMember2020-06-300001316944us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:MortgagesMember2019-12-310001316944us-gaap:NondesignatedMember2020-06-300001316944us-gaap:NondesignatedMember2019-12-310001316944us-gaap:InterestRateContractMemberfhlbsf:AdvancesMemberus-gaap:InterestIncomeMember2020-04-012020-06-300001316944us-gaap:InterestRateContractMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:InterestIncomeMember2020-04-012020-06-300001316944us-gaap:InterestRateContractMemberus-gaap:InterestExpenseMemberfhlbsf:ConsolidatedObligationsBondsMember2020-04-012020-06-300001316944us-gaap:InterestRateContractMemberfhlbsf:AdvancesMemberus-gaap:InterestIncomeMember2019-04-012019-06-300001316944us-gaap:InterestRateContractMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:InterestIncomeMember2019-04-012019-06-300001316944us-gaap:InterestRateContractMemberus-gaap:InterestExpenseMemberfhlbsf:ConsolidatedObligationsBondsMember2019-04-012019-06-300001316944us-gaap:InterestRateContractMemberfhlbsf:AdvancesMemberus-gaap:InterestIncomeMember2020-01-012020-06-300001316944us-gaap:InterestRateContractMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:InterestIncomeMember2020-01-012020-06-300001316944us-gaap:InterestRateContractMemberus-gaap:InterestExpenseMemberfhlbsf:ConsolidatedObligationsBondsMember2020-01-012020-06-300001316944us-gaap:InterestRateContractMemberfhlbsf:AdvancesMemberus-gaap:InterestIncomeMember2019-01-012019-06-300001316944us-gaap:InterestRateContractMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:InterestIncomeMember2019-01-012019-06-300001316944us-gaap:InterestRateContractMemberus-gaap:InterestExpenseMemberfhlbsf:ConsolidatedObligationsBondsMember2019-01-012019-06-300001316944fhlbsf:AdvancesMember2020-06-300001316944fhlbsf:AdvancesMember2020-06-300001316944us-gaap:AvailableforsaleSecuritiesMember2020-06-300001316944us-gaap:AvailableforsaleSecuritiesMember2020-06-300001316944fhlbsf:ConsolidatedObligationsBondsMember2020-06-300001316944fhlbsf:ConsolidatedObligationsBondsMember2020-06-300001316944fhlbsf:AdvancesMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMember2019-12-310001316944fhlbsf:ConsolidatedObligationsBondsMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-04-012020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-04-012019-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-06-300001316944us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbsf:InterestRateCapsandFloorsMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-04-012020-06-300001316944us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbsf:InterestRateCapsandFloorsMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-04-012019-06-300001316944us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbsf:InterestRateCapsandFloorsMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-06-300001316944us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbsf:InterestRateCapsandFloorsMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-06-300001316944fhlbsf:NetSettlementsMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-04-012020-06-300001316944fhlbsf:NetSettlementsMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-04-012019-06-300001316944fhlbsf:NetSettlementsMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-06-300001316944fhlbsf:NetSettlementsMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-06-300001316944us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:MortgagesMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-04-012020-06-300001316944us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:MortgagesMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-04-012019-06-300001316944us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:MortgagesMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-06-300001316944us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:MortgagesMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-06-300001316944us-gaap:GainLossOnDerivativeInstrumentsMember2020-04-012020-06-300001316944us-gaap:GainLossOnDerivativeInstrumentsMember2019-04-012019-06-300001316944us-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-06-300001316944us-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-06-300001316944us-gaap:OverTheCounterMember2020-06-300001316944us-gaap:ExchangeClearedMember2020-06-300001316944us-gaap:OverTheCounterMember2019-12-310001316944us-gaap:ExchangeClearedMember2019-12-310001316944us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-06-300001316944us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-06-300001316944us-gaap:FairValueInputsLevel1Member2020-06-300001316944us-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:FairValueInputsLevel3Member2020-06-300001316944us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:UnsecuredDebtMember2020-06-300001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:UnsecuredDebtMember2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel1Member2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel3Member2020-06-300001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-06-300001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-06-300001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:FairValueInputsLevel1Member2020-06-300001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:FairValueInputsLevel3Member2020-06-300001316944us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:StandbyLettersOfCreditMember2020-06-300001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:StandbyLettersOfCreditMember2020-06-300001316944us-gaap:StandbyLettersOfCreditMemberus-gaap:FairValueInputsLevel1Member2020-06-300001316944us-gaap:StandbyLettersOfCreditMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:FairValueInputsLevel3Memberus-gaap:StandbyLettersOfCreditMember2020-06-300001316944us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310001316944us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001316944us-gaap:FairValueInputsLevel1Member2019-12-310001316944us-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:FairValueInputsLevel3Member2019-12-310001316944us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:UnsecuredDebtMember2019-12-310001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:UnsecuredDebtMember2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel1Member2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel3Member2019-12-310001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:FairValueInputsLevel1Member2019-12-310001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944fhlbsf:ConsolidatedObligationDiscountNotesMemberus-gaap:FairValueInputsLevel3Member2019-12-310001316944us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:StandbyLettersOfCreditMember2019-12-310001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:StandbyLettersOfCreditMember2019-12-310001316944us-gaap:StandbyLettersOfCreditMemberus-gaap:FairValueInputsLevel1Member2019-12-310001316944us-gaap:StandbyLettersOfCreditMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:FairValueInputsLevel3Memberus-gaap:StandbyLettersOfCreditMember2019-12-310001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberfhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:InterestRateSwapMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001316944us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001316944us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944fhlbsf:USTreasurySecuritiesAndUSGovernmentAgenciesDebtSecuritiesMemberDomainus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944fhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberfhlbsf:SingleFamilyMortgagebackedSecuritiesOtherUSObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944srt:MultifamilyMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:InterestRateSwapMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:UnsecuredDebtMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001316944us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001316944us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001316944us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-03-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-03-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-04-012020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-04-012019-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-012020-06-300001316944us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-01-012019-06-300001316944fhlbsf:AdvancesMember2020-03-310001316944us-gaap:UnsecuredDebtMember2020-03-310001316944fhlbsf:AdvancesMember2019-03-310001316944us-gaap:UnsecuredDebtMember2019-03-310001316944fhlbsf:AdvancesMember2020-04-012020-06-300001316944us-gaap:UnsecuredDebtMember2020-04-012020-06-300001316944fhlbsf:AdvancesMember2019-04-012019-06-300001316944us-gaap:UnsecuredDebtMember2019-04-012019-06-300001316944us-gaap:UnsecuredDebtMember2020-06-300001316944fhlbsf:AdvancesMember2019-06-300001316944us-gaap:UnsecuredDebtMember2019-06-300001316944us-gaap:UnsecuredDebtMember2019-12-310001316944fhlbsf:AdvancesMember2018-12-310001316944us-gaap:UnsecuredDebtMember2018-12-310001316944fhlbsf:AdvancesMember2020-01-012020-06-300001316944us-gaap:UnsecuredDebtMember2020-01-012020-06-300001316944fhlbsf:AdvancesMember2019-01-012019-06-300001316944us-gaap:UnsecuredDebtMember2019-01-012019-06-300001316944us-gaap:GuaranteeOfIndebtednessOfOthersMember2020-06-300001316944us-gaap:GuaranteeOfIndebtednessOfOthersMember2019-12-310001316944us-gaap:StandbyLettersOfCreditMember2020-06-300001316944us-gaap:StandbyLettersOfCreditMember2019-12-310001316944fhlbsf:ConsolidatedObligationDiscountNotesMember2020-06-300001316944fhlbsf:ConsolidatedObligationDiscountNotesMember2019-12-310001316944us-gaap:ForwardContractsMemberus-gaap:MortgagesMember2020-06-300001316944us-gaap:ForwardContractsMemberus-gaap:MortgagesMember2019-12-310001316944us-gaap:StandbyLettersOfCreditMembersrt:MinimumMember2020-01-012020-06-300001316944us-gaap:StandbyLettersOfCreditMembersrt:MaximumMember2020-01-012020-06-300001316944fhlbsf:TransactionwithMemberOfficerorDirectorMember2020-06-300001316944fhlbsf:TransactionwithMemberOfficerorDirectorMember2019-12-310001316944fhlbsf:TransactionwithMemberOfficerorDirectorMember2020-04-012020-06-300001316944fhlbsf:TransactionwithMemberOfficerorDirectorMember2019-04-012019-06-300001316944fhlbsf:TransactionwithMemberOfficerorDirectorMember2020-01-012020-06-300001316944fhlbsf:TransactionwithMemberOfficerorDirectorMember2019-01-012019-06-300001316944fhlbsf:FhlbanksMember2020-06-300001316944fhlbsf:FhlbanksMember2019-12-310001316944fhlbsf:FhlbanksMember2020-01-012020-06-300001316944fhlbsf:FhlbanksMember2020-04-012020-06-300001316944fhlbsf:FhlbanksMember2019-01-012019-06-300001316944fhlbsf:FhlbanksMember2019-04-012019-06-300001316944us-gaap:SubsequentEventMember2020-07-312020-07-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
  ____________________________________
FORM 10-Q
  ______________________________________________________
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-51398
FEDERAL HOME LOAN BANK OF SAN FRANCISCO
(Exact name of registrant as specified in its charter)
  ___________________________________________
Federally chartered corporation
94-6000630
(State or other jurisdiction of incorporation or organization)
(I.R.S. employer identification number)
333 Bush Street, Suite 2700
San Francisco,
CA
94104
(Address of principal executive offices)
(Zip code)
(415) 616-1000
(Registrant’s telephone number, including area code)
Title of each classTrading Symbol(s)Name of each exchange on which registered
  ___________________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing for the past 90 days.      Yes      No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).      Yes      No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).      Yes      No
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Shares Outstanding as of July 31, 2020
Class B Stock, par value $10027,048,390  


Federal Home Loan Bank of San Francisco
Form 10-Q
Index
PART I.
FINANCIAL INFORMATION
Item 1.
Financial Statements
Item 2.
Item 3.
Item 4.
PART II.
Item 1.
Item 1A.
Item 6.


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS
Federal Home Loan Bank of San Francisco
Statements of Condition
(Unaudited)
(In millions-except par value)June 30,
2020
December 31,
2019
Assets:
Cash and due from banks$173  $118  
Interest-bearing deposits2,615  2,269  
Securities purchased under agreements to resell5,000  7,000  
Federal funds sold4,598  3,562  
Trading securities(a)
4,301  1,766  
Available-for-sale (AFS) securities, net (amortized cost of $16,331 and $15,206, respectively)(b)
16,282  15,495  
Held-to-maturity (HTM) securities (fair values were $6,266 and $7,566, respectively)(a)
6,233  7,545  
Advances (includes $3,478 and $4,370 at fair value under the fair value option, respectively)
50,970  65,374  
Mortgage loans held for portfolio, net2,888  3,314  
Accrued interest receivable111  139  
Derivative assets, net50  33  
Other assets 219  227  
Total Assets$93,440  $106,842  
Liabilities:
Deposits$942  $537  
Consolidated obligations:
Bonds (includes $128 and $337 at fair value under the fair value option, respectively)
66,449  71,372  
Discount notes19,416  27,376  
Total consolidated obligations85,865  98,748  
Mandatorily redeemable capital stock83  138  
Accrued interest payable44  164  
Affordable Housing Program (AHP) payable126  152  
Derivative liabilities, net1    
Other liabilities252  362  
Total Liabilities87,313  100,101  
Commitments and Contingencies (Note 13)
Capital:
Capital stock—Class B—Putable ($100 par value) issued and outstanding:
27 shares and 30 shares, respectively
2,668  3,000  
Unrestricted retained earnings2,765  2,754  
Restricted retained earnings729  713  
Total Retained Earnings3,494  3,467  
Accumulated other comprehensive income/(loss) (AOCI)(35) 274  
Total Capital6,127  6,741  
Total Liabilities and Capital$93,440  $106,842  
(a)At June 30, 2020, and December 31, 2019, none of these securities were pledged as collateral that may be repledged.
(b)At June 30, 2020, $521 of these securities were pledged as collateral that may be repledged. At December 31, 2019, $381 of these securities were pledged as collateral that may be repledged.
The accompanying notes are an integral part of these financial statements.
1


Federal Home Loan Bank of San Francisco
Statements of Income
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2020201920202019
Interest Income:
Advances$142  $456  $421  $954  
Interest-bearing deposits1  12  13  26  
Securities purchased under agreements to resell1  54  19  99  
Federal funds sold1  36  15  77  
Trading securities22  3  38  7  
AFS securities61  82  112  161  
HTM securities29  75  73  154  
Mortgage loans held for portfolio16  11  15  37  
Total Interest Income273  729  706  1,515  
Interest Expense:
Consolidated obligations:
Bonds82  442  358  897  
Discount notes47  171  151  352  
Deposits  2  2  4  
Mandatorily redeemable capital stock2  4  4  8  
Total Interest Expense131  619  515  1,261  
Net Interest Income142  110  191  254  
Provision for/(reversal of) credit losses(7)   32    
Net Interest Income After Provision for/(Reversal of) Credit Losses149  110  159  254  
Other Income/(Loss):
Net gain/(loss) on trading securities(18)   55  (1) 
Net gain/(loss) on advances and consolidated obligation bonds held under fair value option14  52  103  91  
Net gain/(loss) on derivatives and hedging activities(14) (61) (161) (89) 
Other, net9  2  12  7  
Total Other Income/(Loss)(9) (7) 9  8  
Other Expense:
Compensation and benefits21  21  42  41  
Other operating expense15  20  27  33  
Federal Housing Finance Agency2  1  4  3  
Office of Finance2  1  3  3  
Quality Jobs Fund expense  5    10  
Other, net3    3  1  
Total Other Expense43  48  79  91  
Income/(Loss) Before Assessment97  55  89  171  
AHP Assessment9  6  9  18  
Net Income/(Loss)$88  $49  $80  $153  
The accompanying notes are an integral part of these financial statements.

2


Federal Home Loan Bank of San Francisco
Statements of Comprehensive Income
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2020201920202019
Net Income/(Loss)$88  $49  $80  $153  
Other Comprehensive Income/(Loss):
Net unrealized gain/(loss) on AFS securities192  9  (310) 47  
Net non-credit-related OTTI gain/(loss) on AFS securities  3  17  
Net non-credit-related OTTI gain/(loss) on HTM securities1  1  1  1  
Total other comprehensive income/(loss)193  13  (309) 65  
Total Comprehensive Income/(Loss)$281  $62  $(229) $218  

The accompanying notes are an integral part of these financial statements.

3


Federal Home Loan Bank of San Francisco
Statements of Capital Accounts
(Unaudited)
Capital Stock
Class B—Putable
Retained EarningsTotal
Capital
(In millions)SharesPar ValueRestrictedUnrestrictedTotalAOCI
Balance, March 31, 201930  $2,959  $668  $2,732  $3,400  $287  $6,646  
Comprehensive income/(loss)10  39  49  13  62  
Issuance of capital stock3  342  342  
Repurchase of capital stock(3) (334) (334) 
Cash dividends paid on capital stock (7.00%)
(52) (52) (52) 
Balance, June 30, 201930  $2,967  $678  $2,719  $3,397  $300  $6,664  
Balance, March 31, 202032  $3,231  $713  $2,691  $3,404  $(228) $6,407  
Comprehensive income/(loss)16  72  88  193  281  
Issuance of capital stock2  144  144  
Repurchase of capital stock(7) (707) (707) 
Partial recovery of prior capital distribution to Financing Corporation40  40  40  
Cash dividends paid on capital stock (5.00%)
(38) (38) (38) 
Balance, June 30, 202027  $2,668  $729  $2,765  $3,494  $(35) $6,127  

Capital Stock
Class B—Putable
Retained EarningsTotal
Capital
(In millions)SharesPar ValueRestrictedUnrestrictedTotalAOCI
Balance, December 31, 201829  $2,949  $647  $2,699  $3,346  $235  $6,530  
Comprehensive income/(loss)31  122  153  65  218  
Issuance of capital stock7  696  696  
Repurchase of capital stock(6) (678) (678) 
Cash dividends paid on capital stock (7.00%)
(102) (102) (102) 
Balance, June 30, 201930  $2,967  $678  $2,719  $3,397  $300  $6,664  
Balance, December 31, 201930  $3,000  $713  $2,754  $3,467  $274  $6,741  
Adjustment for cumulative effect of accounting change(3) (3) (3) 
Comprehensive income/(loss)16  64  80  (309)