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 estab-
lished by Congress by the Federal Home Loan Bank Act 
of 1932; 
Whereas the mission of the Federal Home Loan Bank Sys-
tem is to provide a reliable source of funding for housing 
finance and community investment; 
Whereas the Federal Home Loan Banks are independent co-
operatives 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 dis-
tributes the bulk of its AHP funding through a competi-
tive process, through which grantees can fund the pur-
chase, 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 Eco-
nomic Recovery Act; 
Whereas section 1116 of the Housing and Economic Recov-
ery Act created an Office of Minority and Women Inclu-
sion 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 Busi-
ness 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 grow-
ing quality jobs in the region; and 
Whereas one such roundtable took place at Los Angeles 
Southwest College: Now, therefore, be it 
Resolved, That the House of Representatives— 
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•HRES 895 IH 
(1) recognizes the importance of the Federal 
Home Loan Bank of San Francisco in providing af-
fordable housing and community investment to the 
people of Los Angeles; and 
(2) recognizes the contributions of Mr. Parks 
and Mr. Simons to the Federal Home Loan Bank of 
San Francisco. 
Æ 
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