Federal Home Loan Bank of San Francisco Announces Projected Dividend Rate for Third Quarter 2005.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- The Federal Home Loan Bank of San Francisco today announced that, based on the information available to date, the dividend rate for the third quarter of 2005 is projected to be approximately 4.45% (annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. ). The Bank expects to calculate and announce the actual dividend rate for the third quarter of 2005 in November, when the Bank files its third quarter 10-Q with the Securities and Exchange Commission. The projection of the third quarter dividend rate is provided for general informational purposes only. The Bank has not yet closed its books for the third quarter of 2005, and the actual dividend rate may be significantly different as a result of a number of factors. Federal Home Loan Bank of San Francisco The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgage loans to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote community economic development. The Bank serves and is owned by its members -- commercial banks, credit unions, savings institutions, thrift and loans, and insurance companies headquartered in Arizona, California, and Nevada. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon the Bank's current expectations and speak only as of September 27, 2005. The Bank's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the effects of SFAS SFAS Statement of Financial Accounting Standards SFAS Special Forces Assessment and Selection SFAS Student Financial Aid Services SFAS Sport Fishing Association of Singapore SFAS Safety Features Actuation System SFAS Statewide Fixed Assets System 133 and the Bank's ability to pay dividends out of retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. . In addition, payment of a dividend remains within the discretion of the Bank's Board of Directors and subject to certain regulatory requirements. The Bank undertakes no obligation to revise or update publicly any forward-looking statements for any reason. |
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