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{{Short description|Member Bank of Federal Reserve}}
{{Short description|Member Bank of Federal Reserve}}
{{Infobox central bank
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]].
| name = Federal Reserve Bank of San Francisco
| image_1 = [[File:Seal of the United States Federal Reserve System.svg|126px]]
| image_title_1 = Federal Reserve Seal
| image_2 = [[File:Federal Reserve Bank of San Francisco - panoramio.jpg|250px]]
| image_title_2 = Headquarters
| headquarters = 101 Market Street <br />[[San Francisco]], [[California]], [[United States of America|USA]]
| coordinates = <!-- use {{coord}} -->
| established = {{Start date and age|p=y|1914|5|18}}
| ownership = <!-- Government owned or private co. -->
| executive_title = President
| executive = [[Mary C. Daly]]
| bank_of = {{Collapsible list |title=Twelfth District |{{flag|Alaska}} |{{flag|American Samoa}} |{{flag|Arizona}} |{{flag|California}} |{{flag|Guam}} |{{flag|Hawaii}} |{{flag|Idaho}} |{{flag|Nevada}} |{{flag|Northern Mariana Islands}} |{{flag|Oregon}} |{{flag|Utah}} |{{flag|Washington}}}}
| currency =
| currency_iso = <!-- see [[ISO 4217]] -->
| reserves =
| reserve_requirements = <!-- % of reserves required to be held against deposits, or "None" if there are no such requirements -->
| borrowing_rate = <!-- the bank rate, also known as the discount rate in American English -->
| interest_rate_target = <!-- the target interest rate, or target interest rate range -->
| deposit_rate = <!-- % of interest paid on reserves, if any, or "None" if no interest is ever paid on reserves -->
| excess_reserves = <!-- "yes" or "no" reg. interest on excess reserves - or "not applicable - no reserve requirement" if there is no reserve requirement -->
| website = [https://www.frbsf.org/ frbsf.org]
| predecessor =
| successor =
| footnotes = The Federal Reserve Bank of San Francisco is one of 12 [[Federal Reserve Bank|regional banks]] that make up the [[Federal Reserve System]]
}}
 
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, Oregon|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 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}}
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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}}
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 (economist)|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>
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>


==History==
==History==
The San Francisco Federal Reserve Bank opened for business in rented quarters at the rear of the Merchants National Bank on November 16, 1914, in order to make the reserve provisions of the [[Federal Reserve Act]]. In 1924, the San Francisco staff moved out of temporary locations and into the Bank's newly built headquarters at 400 Sansome Street, a location that it would occupy for the next 60 years. In 1983, the bank relocated to 101 Market Street.
The San Francisco Federal Reserve Bank opened for business in rented quarters at the rear of the Merchants National Bank on November 16, 1914, in order to make the reserve provisions of the [[Federal Reserve Act]]. In 1924, the San Francisco staff moved out of temporary locations and into the Bank's newly built headquarters at 400 Sansome Street, a location that it would occupy for the next 60 years. In 1983, the bank relocated to 101 Market Street.
[[Image:Federal Reserve Districts Map.svg|thumb|right|Federal reserve districts, of which the 12th is largest and most populous]]
[[Image:San Francisco Fed map.png|thumb|right|Map of the Twelfth District]]
[[Image:San Francisco Fed map.png|thumb|right|Map of the Twelfth District]]


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|-
|-
! #
! #
! Portrait
! CEO
! CEO
! Life span
! Life span
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! Ref
! Ref
|-
|-
|align="center" Colspan="18" style="background: #000000"|'''<span style="color:white">Governors</span>'''
| colspan="17" align="center" style="background: #000000" |'''<span style="color:white">Governors</span>'''
|-
|-
| 1
| 1
| [[File:Archibald C. Kains, official portrait.jpg|80px]]
| Archibald C. Kains
| Archibald C. Kains
| 1865–1944
| 1865–1944
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|-
|-
| 2
| 2
| [[File:James K. Lynch, official portrait.jpg|80px]]
|bgcolor="#ddffdd"| James K. Lynch*
|bgcolor="#ddffdd"| James K. Lynch*
| 1857–1919
| 1857–1919
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|-
|-
| 3
| 3
| [[File:John U. Calkins, official portrait.jpg|80px]]
| John U. Calkins
| John U. Calkins
| 1863–1954
| 1863–1954
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|align="center"|<ref>{{cite web|title=John U. Calkins|publisher=Federal Reserve History|access-date=May 5, 2021|url=https://www.federalreservehistory.org/people/john-u-calkins}}</ref>
|align="center"|<ref>{{cite web|title=John U. Calkins|publisher=Federal Reserve History|access-date=May 5, 2021|url=https://www.federalreservehistory.org/people/john-u-calkins}}</ref>
|-
|-
|align="center" Colspan="18" style="background: #4169E1"|'''<span style="color:white">Presidents</span>'''
| colspan="17" align="center" style="background: #4169E1" |'''<span style="color:white">Presidents</span>'''
|-
|-
| 4
| 4
| [[File:William A. Day, official portrait.jpg|80px]]
| William A. Day
| William A. Day
| 1876–1951
| 1876–1951
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|-
|-
| 5
| 5
| [[File:Ira Clerk, official portrait.jpg|80px]]
|bgcolor="#ddffdd"| Ira Clerk*
|bgcolor="#ddffdd"| Ira Clerk*
| 1885–1946
| 1885–1946
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|-
|-
| 6
| 6
| [[File:C. E. Earhart, official portrait.jpg|80px]]
| C. E. Earhart
| C. E. Earhart
| 1890–1982
| 1890–1982
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|-
|-
| 7
| 7
| [[File:Hermann N. Mangels, official portrait.jpg|80px]]
| Hermann N. Mangels
| Hermann N. Mangels
| 1897–1961
| 1897–1961
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|-
|-
| 8
| 8
| [[File:Eliot J. Swan, official portrait.jpg|80px]]
| Eliot J. Swan
| Eliot J. Swan
| 1911–1998
| 1911–1998
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|-
|-
| 9
| 9
| [[File:John J. Balles, official portrait.jpg|80px]]
|bgcolor=#FFE6BD| John J. Balles†
|bgcolor=#FFE6BD| John J. Balles†
| 1921–2005
| 1921–2005
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|-
|-
| 10
| 10
| [[File:Robert T. Parry, official portrait.jpg|80px]]
|bgcolor=#FFE6BD| Robert T. Parry†
|bgcolor=#FFE6BD| Robert T. Parry†
| 1939-
| 1939-
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|-
|-
| 11
| 11
| [[File:Janet yellen.jpg|80px]]
| [[Janet Yellen]]
| [[Janet Yellen]]
| 1946–
| 1946–
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|-
|-
| 12
| 12
| [[File:Sf williams.jpg|80px]]
| [[John C. Williams (economist)|John C. Williams]]
| [[John C. Williams (economist)|John C. Williams]]
| 1962–
| 1962–
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|-
|-
| 13
| 13
| [[File:David Schweikert and Mary C. Daly 02.jpg|80px]]
| [[Mary C. Daly]]
| [[Mary C. Daly]]
| 1962-
| 1962-
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