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FHLB of San Francisco offers aid for banks fighting pandemic strains

May 01, 2020 - National Mortgage News

WASHINGTON - The Federal Home Loan Bank of San Francisco announced $10.7 billion in resources for its member financial institutions in response to financial strains from the coronavirus pandemic.

Among the products the bank introduced Friday are a new zero-interest loan, match funding for nonprofit organizations and small businesses, and additional funding for economic development grants.

"The new funding tools and additional resources we are announcing today, totaling more than $10 ...