IV 

115TH CONGRESS 

2D SESSION H. RES. 895 

Recognizing the Federal Home Loan Bank of San Francisco and the 

contributions of Lawrence Parks and Timothy Simons. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 15, 2018 

Ms. MAXINE WATERS of California submitted the following resolution; which 

was referred to the Committee on Financial Services 

RESOLUTION 

Recognizing the Federal Home Loan Bank of San Francisco 

and the contributions of Lawrence Parks and Timothy 

Simons. 

Whereas the Federal Home Loan Bank System was established by Congress by the Federal Home Loan Bank Act 

of 1932; 

Whereas the mission of the Federal Home Loan Bank System is to provide a reliable source of funding for housing 

finance and community investment; 

Whereas the Federal Home Loan Banks are independent cooperatives that are privately capitalized and owned by 

their members; 

Whereas the membership of the Federal Home Loan Banks 

consists of thousands of financial institutions big and 


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•HRES 895 IH 

small from all 50 States, U.S. possessions and territories, 

including credit unions, non-depository CDFIs, savings 

and loan associations, insurance companies, and banks; 

Whereas the Federal Home Loan Bank of San Francisco is 

one of 11 Federal Home Loan Banks; 

Whereas the Federal Home Loan Bank of San Francisco is 

one of the largest banks in the system with $109.2 billion 

in assets; 

Whereas the Federal Home Loan Bank of San Francisco’s 

jurisdiction covers California, Nevada, and Arizona; 

Whereas the Federal Home Loan Bank of San Francisco is 

owned by 336 institutions headquartered in California, 

Nevada, and Arizona; 

Whereas the Federal Home Loan Bank of San Francisco is 

required to dedicate 10 percent of its net income to an 

Affordable Housing Program; 

Whereas the Federal Home Loan Bank of San Francisco distributes the bulk of its AHP funding through a competitive process, through which grantees can fund the purchase, construction or rehabilitation of affordable rental 

or owner-occupied housing for households at or below 80 

percent of area median income; 

Whereas since 1990 the Federal Home Loan Bank of San 

Francisco has distributed $1 billion in AHP funding that 

have gone to benefit 132,000 households; 

Whereas in 1998, Lawrence Parks joined the staff of the 

Federal Home Loan Bank of San Francisco; 

Whereas in 2004, Timothy Simons joined the staff of the 

Federal Home Loan Bank of San Francisco; 


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•HRES 895 IH 

Whereas Mr. Parks currently serves as Senior Vice President, 

External and Legislative Affairs of the Federal Home 

Loan Bank of San Francisco; 

Whereas Mr. Simons currently serves as the Vice President 

and Senior Compliance Officer of the Legislative and 

Regulatory Affairs Unit of the Federal Home Loan Bank 

of San Francisco; 

Whereas Mr. Parks and Mr. Simons provided Congress with 

information on diversity in the financial services industry; 

Whereas in 2008, Congress passed the Housing and Economic Recovery Act; 

Whereas section 1116 of the Housing and Economic Recovery Act created an Office of Minority and Women Inclusion at Fannie Mae, Freddie Mac, and the Federal Home 

Loan Banks; 

Whereas in 2016, the Federal Home Loan Bank of San 

Francisco announced that Los Angeles will be one of five 

cities participating in its Quality Job Growth and Business Expansion Financing Initiative, which will provide 

$40 million in grants to support job development and 

small to mid-tier businesses; 

Whereas Mr. Parks and Mr. Simons developed this program 

and were critical in its implementation; 

Whereas following the announcement of this program, Mr. 

Parks and Mr. Simons held a series of roundtables in the 

five participating cities to discuss best practices for growing quality jobs in the region; and 

Whereas one such roundtable took place at Los Angeles 

Southwest College: Now, therefore, be it 

1 Resolved, That the House of Representatives— 


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•HRES 895 IH 

1 (1) recognizes the importance of the Federal 

2 Home Loan Bank of San Francisco in providing af3 fordable housing and community investment to the 

4 people of Los Angeles; and 

5 (2) recognizes the contributions of Mr. Parks 

6 and Mr. Simons to the Federal Home Loan Bank of 

7 San Francisco. 

Æ 


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