FHLB To Lift Fourth QuarterPayout

Register now

SAN FRANCISCO - (12/28/04) -- The Federal Home Loan Bank of SanFrancisco said Monday it expects to pay a fourth quarter dividendof 3.89%, pending approval by the regional FHLB's chief regulator,the Federal Housing Finance Board. That's up from the 3.70% payoutfor the third quarter, and about the same as the 3.85% paid out forlast year's fourth quarter. The dividends will be paid on mandatorystock owned by 345 financial institutions, including 73 creditunions.

For reprint and licensing requests for this article, click here.