Federal Home Loan Bank of San Francisco Provides Update on Interim President and Chief Executive Officer

FOR IMMEDIATE RELEASE:

Federal Home Loan Bank of San Francisco Provides Update on Interim President and Chief Executive Officer

The Federal Home Loan Bank (FHLBank) of San Francisco announced today that interim President and Chief Executive Officer Winthrop Watson has informed its board of directors (Board) that he is willing to continue to serve as interim President and Chief Executive Officer on an indefinite basis.

The FHLBank of San Francisco announced Mr. Watson’s appointment to the interim role on January 8, 2026, while the Board continued its search for a permanent President and Chief Executive Officer. In light of today’s announcement and taking into account Mr. Watson’s demonstrated leadership and strategic vision and his extensive prior experience as a chief executive officer of an FHLBank, the Board is no longer at this time pursuing candidates for the permanent President and Chief Executive Officer position.