Federal Home Loan Bank of San Francisco: Nevada member director resigns

What happened The filing says that Nevada member director Matthew Hendricksen informed the Federal Home Loan Bank of San Francisco that, effective Oct 2, 2026, he is no longer serving as an officer or director of Employers Insurance Company of Nevada, Employers Assurance Company, Employers Compensation Insurance Company, Employers Preferred Insurance Company, or Cerity Insurance Company. As a result, the filing says Mr. Hendricksen is ineligible to serve as the Nevada member director on the Bank’s Board and resigned from the Bank's Board, effective Oct 2, 2026.

Key details

• The filing says the Bank's Board must select an officer or director, who satisfies all eligibility requirements, of a Bank member located in Nevada to fill the vacancy.
• The current term for the Nevada member director position ends Dec 31, 2027.
• The filing lists Mr. Hendricksen’s Board roles: Chair of the Board’s Technology and Operations Committee; Vice Chair of the Board’s Affordable Housing and Community Investment Committee; and member of the Board’s Compensation and Human Resources Committee, Finance and Strategic Planning Committee, and Member Services and Public Affairs Committee.
• The report was signed Oct 6, 2026 by Andrea C. Brunetti, Executive Vice President, Chief Legal Officer and Corporate Secretary.

Why it may matter The filing reports Item 5.02 (Departure of directors or certain officers; Election of directors), which covers departures and the process for filling director vacancies. The filing does not show why the insider traded or why the company acted.