Federal Home Loan Bank of San Francisco Seeks Candidates for Board of Directors.

SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco is seeking well-qualified candidates to recommend to the Federal Housing Finance Board for appointment to the Bank's Board of Directors. Applications are due to the Bank by March 9, 2007.

The Finance Board recently announced its intention to fill appointive director vacancies at the 12 Federal Home Loan Banks and instituted new procedures to enhance the selection process. The Bank will provide a list of eight eligible nominees to the Finance Board to fill four vacant appointive director positions, and the Finance Board will make the final selection.

Each of the Bank's nominees must meet statutory requirements, as well as the selection criteria established by the Finance Board. Information about the selection process and application materials are available on the Bank's website at www.fhlbsf.com.

The Federal Home Loan Bank of San Francisco is a highly regulated government-sponsored enterprise with assets of $232 billion. It is one of 12 Federal Home Loan Banks in the United States. Its role is to deliver wholesale credit products and other services to help its 383 member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank's members--its shareholders and customers--are commercial banks, credit unions, savings institutions, thrift and loans, and insurance companies headquartered in Arizona, California, and Nevada, the 11th District of the Federal Home Loan Bank System.