UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 9, 2006
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 |
| (Commission File Number) |
| (IRS Employer |
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.
This Current Report on Form 8-K/A is intended by the Federal Home Loan Bank of San Francisco (the "Bank") to amend the Current Report on Form 8-K of November 9, 2006, in order to add information about the Committees of the Bank's Board of Directors ("Board") on which directors James P. Giraldin and D. Tad Lowrey will serve in 2007, and to disclose the compensation they may receive in 2007 for service on the Bank's Board.
The Bank's Board has appointed Mr. Giraldin to all committees of the Board, except the Audit Committee, and Mr. Lowrey to all committees of the Board, including the Audit Committee. In addition, Mr. Giraldin serves as vice chair of the Board.
In accordance with Federal Housing Finance Board regulations, Mr. Giraldin's and Mr. Lowrey's compensation for service on the Bank's Board is subject to the Bank's 2007 Board of Directors Compensation and Expense Reimbursement Policy as follows:
Director Meeting Fees - 2007 | ||
Type of Meeting | Position | Meeting Fees |
Board | Chairman | $4,000 |
Board | Vice Chairman | 3,000 |
Board | Director | 2,000 |
Board Committee or Directors' | Director | 750* |
*Subject to an annual limit of $13,000 per director
Director Annual Compensation Limits - 2007 | |
Position | Annual Limit |
Chairman | $29,944 |
Vice Chairman | 23,955 |
Director | 17,967 |
In addition, the Bank reimburses directors for necessary and reasonable travel, subsistence, and other related expenses incurred in connection with the performance of their official duties.
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 31, 2007 | By: /s/ Dean Schultz | |
Dean Schultz |