FHLB To Lift Fourth QuarterPayout

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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.

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