The Federal Reserve Bank of San Francisco is one of 12 Reserve Banks that together with the Board of Governors in Washington DC and the Federal Open Market Committee (FOMC) comprise the Federal Reserve System. It is also referred to as the San Francisco Fed.
The San Francisco Fed serves the Twelfth Federal Reserve District. The twelfth district covers Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington. It also covers Northern Mariana Islands, American Samoa, and Guam. The San Francisco Fed has Los Angeles, Portland, Salt Lake City, and Seattle. It also has a cash processing center in Phoenix.
The San Francisco Fed serves the public by providing regional, national and global perspectives that inform and influence monetary policy, by fostering financial stability and economic health, and by delivering quality services to financial institutions and the United States government.
The Federal Reserve Bank of San Francisco has unique responsibilities and areas of expertise within the Federal Reserve System. It is the headquarters for the Federal Reserve’s Cash Product Office, which oversees and supports the entire system’s cash distribution process. It hosts two specialized research centers, one in Economic Research and one in Community Development.