69.1 F
New York

Federal Reserve Bank of San Francisco

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.

Previous articleFederal Reserve Bank of Dallas
Next articlePip

View all terms

Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people operating under the name Satoshi Nakamoto. Bitcoin uses peer-to-peer...

Central Bank

A central bank is an institution that manages the currency and monetary policy of a state or formal monetary union, and oversees their commercial...

Fractional Reserve Banking

Fractional reserve banking is the most common form of banking practiced by commercial banks worldwide. It involves banks accepting deposits from customers and making...

Reserve Bank of New Zealand

The Reserve Bank of New Zealand is New Zealand's central bank. It was established in 1934, and although not a government department, has been...

Pip

What Is a Pip? Pip is an acronym for "percentage in point". A pip is the smallest price move that an exchange rate can make...