UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 31, 2013


FEDERAL HOME LOAN BANK OF SAN FRANCISCO
(Exact name of registrant as specified in its charter)


         

Federally chartered corporation

 

000-51398

 

94-6000630

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

600 California Street
San Francisco, CA 94108
(Address of principal executive offices, including zip code)

(415) 616-1000
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective December 31, 2013, Bank of Nevada consolidated its charter with Western Alliance Bank (headquartered in Arizona) and therefore, was no longer eligible for membership in the Federal Home Loan Bank of San Francisco (the "Bank") and its membership was terminated.

As a result of Bank of Nevada's membership termination, Ken Vecchione is no longer eligible to hold the Nevada member director seat on the Bank's Board of Directors ("Board"). Mr. Vecchione was previously eligible to serve on the Board because of his position as a director of Bank of Nevada. Under the rules of the Federal Housing Finance Agency, the Board is required to select an officer or director of a Bank member located in Nevada to fill the seat previously held by Mr. Vecchione, which has a term expiring on December 31, 2015.


Signature(s)

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Federal Home Loan Bank of San Francisco

   

Date:  January 7, 2014

By:               /s/ Lisa B. MacMillen                       

 

       Lisa B. MacMillen
       Executive Vice President and Chief Operating Officer