FHLB San Francisco Boosts Second-QuarterPayout

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SAN FRANCISCO - (06/30/06) – The Federal Home Loan Bank ofSan Francisco announced Thursday it expects to pay a dividend forthe second-quarter of 5.08%, its highest since the fourth quarterof 2002. That compares to a 5.03% payout for the first quarter, anda 4.21% dividend for the second quarter of last year. The dividendswill be paid to the San Francisco Bank’s 340 financialinstitution member/owners, including 50 credit unions.

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