View source for Federal Reserve Bank of San Francisco

{{Organization
|OrganizationName=Federal Reserve Bank of San Francisco
|OrganizationType=Independent Agencies
|Mission=The Board of Governors leads the Federal Reserve System, setting monetary policy, supervising and regulating banks, and maintaining the stability of the financial system. Its mission is to foster maximum employment, stable prices, and moderate long-term interest rates.
|ParentOrganization=Federal Reserve System
|CreationLegislation=Federal Reserve Act of 1913
|Employees=3000
|Budget=Self-funded through assessments on Federal Reserve Banks; operating expenses in 2023 were about $8.0 billion for the entire system
|OrganizationExecutive=Chair of the Board of Governors
|Services=Monetary policy formulation; Bank supervision; Financial stability oversight; Economic research
|Regulations=Federal Reserve Act; Bank Holding Company Act; Dodd-Frank Wall Street Reform and Consumer Protection Act; among others
|HeadquartersLocation=37.78518, -122.40686
|HeadquartersAddress=101 Market St, San Francisco, CA 94105
|Website=https://www.federalreserve.gov
}}
{{Short description|Member Bank of Federal Reserve}}

The '''Federal Reserve Bank of San Francisco''' (informally referred to as the '''San Francisco Fed''') is the [[Federal Reserve|federal bank]] for the twelfth district in the [[United States]]. The twelfth district is made up of nine western [[U.S. state|states]]—[[Alaska]], [[Arizona]], [[California]], [[Hawaii]], [[Idaho]], [[Nevada]], [[Oregon]], [[Utah]], and [[Washington (state)|Washington]]—plus the [[Northern Mariana Islands]], [[American Samoa]], and [[Guam]]. The San Francisco Fed has branch offices in Los Angeles, Portland, Salt Lake City, and Seattle. It also has a cash processing center in [[Phoenix, Arizona|Phoenix]].

The twelfth district is the nation's largest by area and population, covering {{convert|1.3|e6sqmi|e6km2|abbr=unit}}, or 36% of the nation's area, and 60 million people. The Federal Reserve Bank of San Francisco is the second-largest by assets held, after [[Federal Reserve Bank of New York|New York]].<ref>[http://www.federalreserve.gov/releases/h41/ Release Dates]</ref> In 2004 the San Francisco Fed processed 20.8 billion [[currency]] notes and 1.5 billion commercial checks.{{Citation needed|date=November 2017}}

The Federal Reserve Bank in San Francisco has one of the largest collections of US paper money in the United States, which is displayed in the American Currency Exhibit.{{Citation needed|date=November 2017}}

Mary C. Daly serves as the President and CEO as of October 1, 2018.<ref>{{Cite web|url=https://www.frbsf.org/our-district/leadership/office-of-the-president/|title=Office of the President|website=Federal Reserve Bank of San Francisco|language=en|access-date=2020-02-29}}</ref>  Notable former Presidents include John C. Williams (2011-2018), who now holds the same role at the [[Federal Reserve Bank of New York]]<ref>{{Cite web|url=https://www.newyorkfed.org/aboutthefed/orgchart/williams|title=Office of the President - FEDERAL RESERVE BANK of NEW YORK|website=www.newyorkfed.org|access-date=2020-02-29}}</ref> and is Vice Chairman of the [[Federal Open Market Committee]],<ref>{{Cite web|url=https://www.federalreserve.gov/monetarypolicy/fomc.htm|title=The Fed - Federal Open Market Committee|website=Board of Governors of the Federal Reserve System|language=en|access-date=2020-02-29}}</ref> as well as Janet Yellen (2004-2010), who held the role of [[Chair of the Federal Reserve|Chair of the Board of Governors]] from 2014-2018.<ref>{{Cite web|url=https://www.federalreservehistory.org/people/janet_l_yellen|title=Janet L. Yellen {{!}} Federal Reserve History|website=www.federalreservehistory.org|access-date=2020-02-29}}</ref>