Federal Home Loan Bank of San Francisco Announces Second Quarter 2021 Operating Results
SAN FRANCISCO, July 29, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2021.
- SAN FRANCISCO, July 29, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2021.
- Net income for the second quarter of 2021 was $55 million, compared with net income of $88 million for the second quarter of 2020.
- Accumulated other comprehensive income/(loss) (AOCI) increased by $164 million during the second quarter of 2021, to $394 million at June30, 2021, from $230 million at December31, 2020.
- The increase in AOCI during the second quarter of 2021 primarily reflected higher fair values of MBS classified as available-for-sale.