Federal Home Loan Bank of San Francisco: issues consolidated obligations

What happened

• The Federal Home Loan Bank of San Francisco filed a Current Report on Form 8-K on Oct 13, 2026 reporting commitments to issue consolidated obligations for which it is the primary obligor.
• Schedule A lists two consolidated obligation bonds: trade dates Oct 8, 2026 and Oct 9, 2026; bank par $10,000,000 each; coupons 5.230% and 4.750%; settlement dates Oct 27, 2026 and Oct 20, 2026; maturities Oct 27, 2031 and Jan 20, 2028; next pay dates Apr 27, 2027 and Jan 20, 2027.

Key details

• Two consolidated obligation bonds committed to be issued, total par $20,000,000.
• Bond (CUSIP 3130BCLH4): trade date Oct 8, 2026; settlement Oct 27, 2026; maturity Oct 27, 2031; coupon 5.230%; call type optional principal redemption; call style European; next call date Apr 27, 2029.
• Bond (CUSIP 3130BCLU5): trade date Oct 9, 2026; settlement Oct 20, 2026; maturity Jan 20, 2028; coupon 4.750%; call type optional principal redemption; call style Bermudan; next call date Jan 20, 2027.
• The filing states consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.

Why it may matter

• The filing reports Item 2.03 (creation of a direct financial obligation or an obligation under an off-balance-sheet arrangement) and provides Schedule A listing consolidated obligations committed to be issued for which the Bank is the primary obligor. This Schedule A excludes certain short-maturity discount notes and does not show total consolidated obligations outstanding.
• This filing does not show why the insider traded or why the company acted.