FHLB Trims Second QuarterPayout

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SAN FRANCISCO - (08/30/05) -- The Federal Home Loan Bank of SanFrancisco said it has cut its second quarter dividend to 4.21%,compared to 4.68% for the second quarter last year. Dividends arepaid on stock owned by the San Francisco bank's 363 member/ownersin California, Arizona and Nevada, including 40 creditunions.

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