Federal Home Loan Bank of San Francisco

Item 5.07 Submission of Matters to a Vote of Security Holders. On September 28, 2026, the Bank completed its director election voting process for member directorships with four-year terms beginning on January 1, 2027. The Bank's 2026 director elections were conducted online. No in-person meeting of the members was held. Institutions eligible to vote in the 2026 Arizona member director elections nominated six candidates for one Arizona member director position to be filled in the 2026 Arizona member director elections. Of these six candidates, Michael Boden, President and Chief Executive Officer, OneAZ Credit Union, Phoenix, Arizona, received the most votes cast and was elected. Of the 35 institutions eligible to vote in the 2026 Arizona member director election, 25 participated, casting a total of 965,018 votes, of which Mr. Boden received 520,287 votes, Mr. LeCorgne received 135,286 votes, Mr. Malmedal received 41,673 votes, Ms. Nachlas received 95,407 votes, Mr. Ojeh received 90,178 votes, and Mr. Renaud received 82,187 votes. The table below shows the number of votes that each candidate received in the 2026 election for the Arizona member director position: Name Member Votes ──────────────────────────────────────────────────────────────────────── Mike Boden President & Chief Executive Officer 520,287 OneAZ Credit Union Phoenix, Arizona (FHFA ID 53661) Neill LeCorgne President & Chief Executive Officer 135,286 Scottsdale Community Bank Scottsdale, Arizona (FHFA ID 56622) Greg Malmedal SVP, Chief Financial Officer 41,673 Pinal County FCU Casa Grande, Arizona (FHFA ID 55987) Emily Nachlas Chief Risk Officer 95,407 Western Alliance Bank Phoenix, Arizona (FHFA ID 52772) Zeke Ojeh Treasurer 90,178 Arizona Financial Credit Union Phoenix, Arizona (FHFA ID 52261) Eric Renaud President & Chief Executive Officer 82,187 Pima Federal Credit Union Tucson, Arizona (FHFA ID 55083) Institutions eligible to vote in the 2026 California member director elections nominated two candidates for one California member director position to be filled in the 2026 California member director elections. Of these two candidates, incumbent California member director Chang Liu, President and Chief Executive Officer, Cathay Bank, Los Angeles, California, received the most votes cast and was elected. Of the 268 institutions eligible to vote in the 2026 California member director election, 116 participated, casting a total of 5,775,626 votes, of which Mr. Liu received 4,878,789 votes, and the other candidate, Mr. Bystry, received 896,837 votes. The table below shows the number of votes that each candidate received in the 2026 election for the California member director position: Name Member Votes ──────────────────────────────────────────────────────────────────────────────────────────────── Douglas Bystry President and Chief Executive Officer 896,837 Clearinghouse Community Development Financial Institution Lake Forest, California (FHFA ID 54943) Chang Liu President and Chief Executive Officer 4,878,789 Cathay Bank Los Angeles, California (FHFA ID 10611) The Bank's Board has not yet determined on which committees the directors-elect will serve in 2027. In accordance with FHFA regulations, compensation for service on the Bank's Board for these directors will be subject to the Bank's annual Director Compensation and Expense Reimbursement Policy.

Item 7.01 Regulation FD Disclosure. The Bank issued a press release announcing the election results. The press release is furnished as Exhibit 99.1 to this report. The information contained in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.