,,iv  #aae? ,,congress  #b;d ,session   
,h4 ,,res4 #hie  ,,9 ,,! ,,h\se ,,(     
,,repres5tatives  ,may #ae1 #bjah,ms4   
,max9e ,wat]s ( ,cali=nia submitt$ !    
foll[+ resolution2 :i* 0 ref]r$ to !    
,committee on ,f9ancial ,s]vices        
,,resolution  ,recogniz+ ! ,f$]al ,home 
,loan ,bank ( ,san ,francisco & !       
contributions ( ,lawr5ce ,p>ks & ,timo?y
 ,simons4  ,:]eas ! ,f$]al ,home ,loan  
,bank ,sy/em 0 e/abli%$ by ,congress by 
! ,f$]al ,home ,loan ,bank ,act ( #aicb2
 ,:]eas ! mission ( ! ,f$]al ,home ,loan
 ,bank ,sy/em is to provide a reliable  
s\rce ( fund+ = h\s+ f9ance & community 
inve/m5t2 ,:]eas ! ,f$]al ,home ,loan   
,banks are indep5d5t coop]atives t are  
privately capitaliz$ & own$ by _!       
memb]s2 ,:]eas ! memb]%ip ( ! ,f$]al    
,home ,loan ,banks consi/s ( ?\s&s (    
f9ancial in/itutions big & small f all  
#ej ,/ates1 ,u4,s4 possessions &        
t]ritories1 includ+ cr$it unions1       
non-depository ,c,d,f,is1 sav+s & loan  
associations1 insurance companies1 &    

banks2 ,:]eas ! ,f$]al ,home ,loan ,bank
 ( ,san ,francisco is "o ( #aa ,f$]al   
,home ,loan ,banks2 ,:]eas ! ,f$]al     
,home ,loan ,bank ( ,san ,francisco is  
"o ( ! l>ge/ banks 9 ! sy/em ) #aji4b   
billion 9 assets2 ,:]eas ! ,f$]al ,home 
,loan ,bank ( ,san ,francisco's         
jurisdiction cov]s ,cali=nia1 ,nevada1 &
 ,arizona2 ,:]eas ! ,f$]al ,home ,loan  
,bank ( ,san ,francisco is own$ by #ccf 
in/itutions headqu>t]$ 9 ,cali=nia1     
,nevada1 & ,arizona2 ,:]eas ! ,f$]al    
,home ,loan ,bank ( ,san ,francisco is  
requir$ to d$icate #aj p]c5t ( its net  
income to an ,af=dable ,h\s+ ,program2  
,:]eas ! ,f$]al ,home ,loan ,bank ( ,san
 ,francisco di/ributes ! bulk ( its     
,,ahp fund+ ?r\gh a competitive process1
 ?r\gh :i* grantees c fund ! pur*ase1   
con/ruction or rehabilitation ( af=dable
 r5tal or own]-occupi$ h\s+ = h\seholds 
at or bel[ #hj p]c5t ( area m$ian       
income2 ,:]eas s9ce #aiij ! ,f$]al ,home
 ,loan ,bank ( ,san ,francisco has      
di/ribut$ #a billion 9 ,,ahp fund+ t h  

gone to b5efit #acb1jjj h\seholds2      
,:]eas 9 #aiih1 ,lawr5ce ,p>ks jo9$ !   
/aff ( ! ,f$]al ,home ,loan ,bank ( ,san
 ,francisco2 ,:]eas 9 #bjjd1 ,timo?y    
,simons jo9$ ! /aff ( ! ,f$]al ,home    
,loan ,bank ( ,san ,francisco2 ,:]eas   
,mr4 ,p>ks curr5tly s]ves z ,s5ior ,vice
 ,presid5t1 ,ext]nal & ,legislative     
,affairs ( ! ,f$]al ,home ,loan ,bank ( 
,san ,francisco2 ,:]eas ,mr4 ,simons    
curr5tly s]ves z ! ,vice ,presid5t &    
,s5ior ,compliance ,(fic] ( !           
,legislative & ,regulatory ,affairs     
,unit ( ! ,f$]al ,home ,loan ,bank (    
,san ,francisco2 ,:]eas ,mr4 ,p>ks &    
,mr4 ,simons provid$ ,congress )        
in=mation on div]sity 9 ! f9ancial      
s]vices indu/ry2 ,:]eas 9 #bjjh1        
,congress pass$ ! ,h\s+ & ,economic     
,recov]y ,act2 ,:]eas section #aaaf ( ! 
,h\s+ & ,economic ,recov]y ,act creat$  
an ,(fice ( ,m9ority & ,wom5 ,inclusion 
at ,fannie ,mae1 ,fr$die ,mac1 & !      
,f$]al ,home ,loan ,banks2 ,:]eas 9     
#bjaf1 ! ,f$]al ,home ,loan ,bank ( ,san

 ,francisco ann\nc$ t ,los ,angeles w be
 "o ( five cities p>ticipat+ 9 its      
,quality ,job ,gr[? & ,bus9ess          
,expansion ,f9anc+ ,initiative1 :i* w   
provide #dj million 9 grants to support 
job developm5t & small to mid-ti]       
bus9esses2 ,:]eas ,mr4 ,p>ks & ,mr4     
,simons develop$ ?is program & 7        
critical 9 its implem5tation2 ,:]eas    
foll[+ ! ann\ncem5t ( ?is program1 ,mr4 
,p>ks & ,mr4 ,simons held a s]ies (     
r\ndtables 9 ! five p>ticipat+ cities to
 discuss be/ practices = gr[+ quality   
jobs 9 ! region2 & ,:]eas "o su*        
r\ndtable took place at ,los ,angeles   
,s\?we/ ,college3 ,n[1 !re=e1 be x ,t ! 
,h\se ( ,repres5tatives--  7#a7         
recognizes ! importance ( ! ,f$]al ,home
 ,loan ,bank ( ,san ,francisco 9 provid+
 af=dable h\s+ & community inve/m5t to !
 p ( ,los ,angeles2 &  7#b7 recognizes !
 contributions ( ,mr4 ,p>ks & ,mr4      
,simons to ! ,f$]al ,home ,loan ,bank ( 
,san ,francisco4