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52:root :where(.wp-block-button .wp-block-button__link){background-color: var(--wp--preset--color--primary-teal);border-radius: 4px;border-color: var(--wp--preset--color--primary-teal);border-style: solid;color: var(--wp--preset--color--base);font-size: var(--wp--preset--font-size--x-small);font-weight: 700;}
53:root :where(.wp-block-post-title){font-size: var(--wp--preset--font-size--x-large);font-weight: 700;margin-top: 1.25rem;margin-bottom: 1.25rem;}
54:root :where(.wp-block-post-title a:where(:not(.wp-element-button))){text-decoration: none;}
55:root :where(.wp-block-post-title a:where(:not(.wp-element-button)):hover){text-decoration: underline;}
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57:root :where(.wp-block-post-title a:where(:not(.wp-element-button)):active){color: var(--wp--preset--color--secondary);text-decoration: none;}
58:root :where(.wp-block-cover){font-weight: 700;line-height: 1.25;padding-top: 5rem;padding-right: 5rem;padding-bottom: 3rem;padding-left: 7rem;}
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68/*# sourceURL=https://www.frbsf.org/wp-includes/blocks/group/style.min.css */
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77/*# sourceURL=https://www.frbsf.org/wp-includes/blocks/paragraph/style.min.css */
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81/*# sourceURL=https://www.frbsf.org/wp-includes/blocks/heading/style.min.css */
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85/*# sourceURL=https://www.frbsf.org/wp-includes/blocks/image/style.min.css */
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93
94/*# sourceURL=https://www.frbsf.org/wp-content/plugins/sffed-video-lightbox/build/style-index.css */
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98/*# sourceURL=https://www.frbsf.org/wp-includes/blocks/button/style.min.css */
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104<style id="wp-block-media-text-inline-css">
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106/*# sourceURL=https://www.frbsf.org/wp-includes/blocks/media-text/style.min.css */
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167<meta name="parsely-title" content="About Us" />
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257					<span class="sffed-logo-org__logotype desktop">Federal Reserve Bank <br>of San Francisco</span>
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259					<span class="sffed-logo-org__logotype mobile">Federal Reserve Bank <br>of San Francisco</span>
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545			<h1 class="wp-block-post-title has-text-color has-base-color">About Us</h1>
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554  <div class="entry-content wp-block-post-content has-global-padding is-layout-constrained wp-block-post-content-is-layout-constrained">
555<p class="wp-block-paragraph"></p>
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562<p class="has-x-small-font-size wp-block-paragraph"><a href="/our-people/leadership/">Leadership</a></p>
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566<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/governance/">Governance</a></p>
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570<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/our-district/">Our District</a></p>
571
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574<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/banking-supervision/">Banking Supervision</a></p>
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576
577
578<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/financial-services/">Financial Services</a></p>
579
580
581
582<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/regional-engagement/" data-type="page" data-id="61111">Regional Engagement</a></p>
583
584
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586<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/economic-research/">Economic Research</a></p>
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588
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590<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/supplier-information-procurement/" data-type="page" data-id="202465">Supplier Information</a></p>
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594<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/our-history/" data-type="page" data-id="202465">Our History</a></p>
595
596
597
598<p class="has-x-small-font-size wp-block-paragraph"><a href="/about-us/federal-reserve-system-of-regional-banks/" data-type="page" data-id="202465">Federal Reserve System of Reserve Banks</a></p>
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602<p class="wp-block-paragraph"></p>
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606<p class="wp-block-paragraph"></p>
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610<p class="wp-block-paragraph"></p>
611</div>
612</div>
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616<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:66.66%">
617<p class="sffed-intro-text wp-block-paragraph">The Federal Reserve Bank of San Francisco’s mission is to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the San Francisco Fed’s work focuses on stable prices, maximum employment, safe banking, and secure payments.</p>
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621<p class="wp-block-paragraph">
621The San Francisco Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.</p>
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625<p class="wp-block-paragraph">The San Francisco Fed, along with the other 11 Reserve Banks across the country, brings its distinct expertise, research focus, and outreach-informed perspectives, alongside its supervisory and operational duties, to carry out the Federal Reserve’s work on behalf of the American people.</p>
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627</div>
628
629
630
631<h2 class="wp-block-heading">Core Responsibilities</h2>
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635<div class="wp-block-group sffed-topics-landing-grid is-content-justification-space-between is-nowrap is-layout-flex wp-container-core-group-is-layout-48f8553a wp-block-group-is-layout-flex" style="padding-top:0;padding-right:0;padding-bottom:0;padding-left:0">
636<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex">
637<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow">
638<p class="wp-block-paragraph"><span class="emphasis-underline-secondary-gold">Monetary Policy</span></p>
639
640
641
642<figure class="wp-block-image size-full"><img decoding="async" src="/wp-content/uploads/About-Us_Areas-of-Focus_Monetary-Policy_F.jpg?quality=100" alt="" class="wp-image-218958" /></figure>
643
644
645
646<p class="wp-block-paragraph">The San Francisco Fed provides monetary policy leadership that is informed by robust research and engagement with a wide range of businesses and people across the Twelfth District.</p>
647</div>
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651<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow">
652<p class="wp-block-paragraph"><span class="emphasis-underline-primary-teal"><strong>Operations</strong>&nbsp;</span></p>
653
654
655
656<figure class="wp-block-image size-full"><img decoding="async" src="/wp-content/uploads/About-Us_Areas-of-Focus_Operations.jpg?quality=100" alt="" class="wp-image-218581" /></figure>
657
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660<p class="wp-block-paragraph">The San Francisco Fed supports the nation’s payment system, ensures that cash is circulating throughout the Twelfth District, and keeps money moving securely across banking platforms—from payroll direct deposits to online transfers.</p>
661</div>
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665<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow">
666<p class="wp-block-paragraph"><span class="emphasis-underline-secondary-pink">Bank Supervision</span></p>
667
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669
670<figure class="wp-block-image size-full"><img decoding="async" src="/wp-content/uploads/bank-building-in-petaluma-california.jpg" alt="" class="wp-image-218920" /></figure>
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674<p class="wp-block-paragraph">The San Francisco Fed ensures that banks are operating in a safe and sound manner by supervising individual banks and financial institutions in the Twelfth District and monitoring their impact on the U.S. economy.</p>
675</div>
676</div>
677</div>
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679
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681<div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div>
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685<div class="wp-block-group alignfull has-primary-navy-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-4383d167 wp-block-group-is-layout-constrained">
686<div class="sffed-video-lightbox__container "><div class="sffed-video-lightbox__image--cover "><div class="sffed-video-lightbox__image--overlay "></div><img decoding="async" src="https://frbsf-future-preprod.go-vip.net/wp-content/uploads/lightbox_CEA_Fed101-Video_Hero_0115_REV.jpg" alt="lightbox_CEA_Fed101 Video_Hero_0115_REV" /></div><div class="sffed-video-lightbox__overlay "><div class="sffed-video-lightbox__text"><h3>feature</h3><h2>An Introduction to the Federal Reserve Bank of San Francisco</h2><div class="sffed-video-lightbox__icon--text"><button id="openModalBtnq9xX3677EeY" title="Play video" class="sffed-video-lightbox__play--video" aria-haspopup="dialog" aria-controls="modal" data-url="https://www.youtube.com/watch?v=q9xX3677EeY"><svg width="100%" height="100%" viewBox="0 0 71 70" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M68.2708 34.8116C68.2708 52.9169 53.4631 67.6232 35.1608 67.6232C16.8585 67.6232 2.05078 52.9169 2.05078 34.8116C2.05078 16.7063 16.8585 2 35.1608 2C53.4631 2 68.2708 16.7063 68.2708 34.8116Z" stroke="#FDFBF7" stroke-width="4"></path><path d="M47.8224 37.1006L30.8555 48.0489C29.1919 49.1224 27 47.9281 27 45.9483L27 24.0517C27 22.0719 29.1919 20.8776 30.8555 21.9511L47.8224 32.8994C49.3484 33.8841 49.3484 36.1159 47.8224 37.1006Z" fill="#FDFBF7" stroke="#FDFBF7"></path></svg></button><p>Learn how we support the U.S. economy</p></div></div></div></div>
687</div>
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691<div class="wp-block-group alignfull sffed-group--min-height has-base-color has-primary-navy-background-color has-text-color has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained">
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696<div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div>
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700<div class="wp-block-group alignfull has-primary-navy-background-color has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained"></div>
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704<div class="wp-block-group alignfull has-base-color has-primary-navy-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-23b1a4dc wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)">
705<div class="wp-block-media-text has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center has-base-color has-text-color" style="grid-template-columns:auto 69%"><div class="wp-block-media-text__content">
706<div class="wp-block-columns has-primary-teal-background-color has-background is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex" style="border-radius:5px">
707<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30);flex-basis:100%">
708<h3 class="wp-block-heading">The Twelfth District</h3>
709
710
711
712<p class="has-small-font-size wp-block-paragraph">The largest in the Federal Reserve System, the Twelfth District encompasses nine western states, two territories, and a commonwealth.</p>
713
714
715
716<div class="wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex">
717<div class="wp-block-button is-style-with-left-arrow"><a class="wp-block-button__link has-primary-navy-background-color has-background wp-element-button" href="/about-us/our-district/">Learn More</a></div>
718</div>
719</div>
720</div>
721</div><figure class="wp-block-media-text__media"><img decoding="async" width="1690" height="1350" src="https://frbsf-future-preprod.go-vip.net/wp-content/uploads/homepage_lg_Twelfth-District-Map_v3.jpg?quality=100&amp;w=1024" alt="" class="wp-image-208818 size-full" srcset="https://www.frbsf.org/wp-content/uploads/homepage_lg_Twelfth-District-Map_v3.jpg 1690w, https://www.frbsf.org/wp-content/uploads/homepage_lg_Twelfth-District-Map_v3.jpg?resize=300,240 300w, https://www.frbsf.org/wp-content/uploads/homepage_lg_Twelfth-District-Map_v3.jpg?resize=768,613 768w, https://www.frbsf.org/wp-content/uploads/homepage_lg_Twelfth-District-Map_v3.jpg?resize=1440,1150 1440w, https://www.frbsf.org/wp-content/uploads/homepage_lg_Twelfth-District-Map_v3.jpg?resize=1536,1227 1536w" sizes="(max-width: 1690px) 100v
721w, 1690px" /></figure></div>
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730<div class="wp-block-group alignfull has-primary-navy-background-color has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained">
731<div style="height:24px" aria-hidden="true" class="wp-block-spacer"></div>
732
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734
735<h2 class="wp-block-heading sffed-has-margin-bottom-none has-base-color has-text-color has-medium-font-size" style="margin-right:0;margin-left:0">Latest Publications</h2>
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737
738<div class="wp-block-create-block-sffed-curated-carousel"><div class="Carousel noDescription"><div class="carousel-details"><div class="sffed-carousel-nav"><button style="background-color: #0b807c" class="swiper-button-prev"><i class="sffed-chevron-left"></i></button><button style="background-color: #0b807c" class="swiper-button-next"><i class="sffed-chevron-right"></i></button></div></div><div class="swiper swiper-wrap sffed-curated-carousel"
739        data-carousel-number-of-items="3.5"
740        data-carousel-space-between-items="35"
741        ><div class="swiper-wrapper"><article class="swiper-slide sffed-curated-carousel-article"><div class="sffed-curated-carousel-card sffed-curated-heading "><div class="sffed-curated-carousel-thumbnail sffed-almost-square-ratio"><img decoding="async" width="865" height="690" src="https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_JobFinding-Anomalies-of-the-Current-Expansion_0810.jpg?w=350&#038;h=350&#038;crop=1" alt="carousel_ER_EL_JobFinding Anomalies of the Current Expansion_0810" class="sffed-thumbnail-image wp-image-392327" loading="lazy" srcset="https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_JobFinding-Anomalies-of-the-Current-Expansion_0810.jpg 865w, https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_JobFinding-Anomalies-of-the-Current-Expansion_0810.jpg?resize=300,239 300w, https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_JobFinding-Anomalies-of-the-Current-Expansion_0810.jpg?resize=768,613 768w" sizes="auto, (max-width: 865px) 100vw, 865px" /></div><div class="sffed-curated-carousel-header"><header><h3 class="sffed-headline"><a href="/research-and-insights/publications/economic-letter/2026/08/financial-markets-oil-prices-and-supply-side-risks/">Financial Markets, Oil Prices, and Supply-Side Risks</a> </h3></header></div></div><div class="swiper-lazy-preloader"></div></article><article class="swiper-slide sffed-curated-carousel-article"><div class="sffed-curated-carousel-card sffed-curated-heading "><div class="sffed-curated-carousel-thumbnail sffed-almost-square-ratio"><img decoding="async" width="865" height="690" src="https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_Job-Finding-Anomalies-of-the-Current-Expansion_0803.jpg?w=350&#038;h=350&#038;crop=1" alt="carousel_ER_EL_Job-Finding Anomalies of the Current Expansion_0803" class="sffed-thumbnail-image wp-image-381889" loading="lazy" srcset="https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_Job-Finding-Anomalies-of-the-Current-Expansion_0803.jpg 865w, https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_Job-Finding-Anomalies-of-the-Current-Expansion_0803.jpg?resize=300,239 300w, https://www.frbsf.org/wp-content/uploads/carousel_ER_EL_Job-Finding-Anomalies-of-the-Current-Expansion_0803.jpg?resize=768,613 768w" sizes="auto, (max-width: 865px) 100vw, 865px" /></div><div class="sffed-curated-carousel-header"><header><h3 class="sffed-headline"><a href="/research-and-insights/publications/economic-letter/2026/08/job-finding-anomalies-of-current-expansion/">Job-Finding Anomalies of the Current Expansion</a> </h3></header></div></div><div class="swiper-lazy-preloader"></div></article><article class="swiper-slide sffed-curated-carousel-article"><div class="sffed-curated-carousel-card sffed-curated-heading "><div class="sffed-curated-carousel-thumbnail sffed-almost-square-ratio"><img decoding="async" width="865" height="690" src="https://www.frbsf.org/wp-content/uploads/carousel_SF-Fedviews_0116.jpg?w=350&#038;h=350&#038;crop=1" alt="carousel_SF Fedviews_0116" class="sffed-thumbnail-image wp-image-167926" loading="lazy" srcset="https://www.frbsf.org/wp-content/uploads/carousel_SF-Fedviews_0116.jpg 865w, https://www.frbsf.org/wp-content/uploads/carousel_SF-Fedviews_0116.jpg?resize=300,239 300w, https://www.frbsf.org/wp-content/uploads/carousel_SF-Fedviews_0116.jpg?resize=768,613 768w" sizes="auto, (max-width: 865px) 100v
741w, 865px" /></div><div class="sffed-curated-carousel-header"><header><h3 class="sffed-headline"><a href="/research-and-insights/publications/fedviews/2026/07/sf-fedviews-july-16-2026/">SF FedViews: Labor Market in Balance but Inflation Elevated and Uncertain</a> </h3></header></div></div><div class="swiper-lazy-preloader"></div></article><article class="swiper-slide sffed-curated-carousel-article"><div class="sffed-curated-carousel-card sffed-curated-heading "><div class="sffed-curated-carousel-thumbnail sffed-almost-square-ratio"><img decoding="async" width="865" height="690" src="https://www.frbsf.org/wp-content/uploads/2025_BeigeBook_carousel-feb.jpg?w=350&#038;h=350&#038;crop=1" alt="2025_BeigeBook_carousel-apr" class="sffed-thumbnail-image wp-image-184440" loading="lazy" srcset="https://www.frbsf.org/wp-content/uploads/2025_BeigeBook_carousel-feb.jpg 865w, https://www.frbsf.org/wp-content/uploads/2025_BeigeBook_carousel-feb.jpg?resize=300,239 300w, https://www.frbsf.org/wp-content/uploads/2025_BeigeBook_carousel-feb.jpg?resize=768,613 768w" sizes="auto, (max-width: 865px) 100vw, 865px" /></div><div class="sffed-curated-carousel-header"><header><h3 class="sffed-headline"><a href="/research-and-insights/publications/san-francisco-fed-twelfth-district-beige-book/2026/07/beige-book-july-2026/">Twelfth District Beige Book: July 2026</a> </h3></header></div></div><div class="swiper-lazy-preloader"></div></article><article class="swiper-slide sffed-curated-carousel-article"><div class="sffed-curated-carousel-card sffed-curated-heading "><div class="sffed-curated-carousel-thumbnail sffed-almost-square-ratio"><img decoding="async" width="865" height="690" src="https://www.frbsf.org/wp-content/uploads/carousel_ER_RA-2026-Blog_0612.jpg?w=350&#038;h=350&#038;crop=1" alt="carousel_ER_RA 2026 Blog_0612" class="sffed-thumbnail-image wp-image-342261" loading="lazy" srcset="https://www.frbsf.org/wp-content/uploads/carousel_ER_RA-2026-Blog_0612.jpg 865w, https://www.frbsf.org/wp-content/uploads/carousel_ER_RA-2026-Blog_0612.jpg?resize=300,239 300w, https://www.frbsf.org/wp-content/uploads/carousel_ER_RA-2026-Blog_0612.jpg?resize=768,613 768w" sizes="auto, (max-width: 865px) 100vw, 865px" /></div><div class="sffed-curated-carousel-header"><header><h3 class="sffed-headline"><a href="/research-and-insights/blog/sf-fed-blog/2026/06/15/charting-their-course-in-2026-research-associates-begin-next-steps/" data-type="link" data-id="/research-and-insights/blog/sf-fed-blog/2026/06/15/charting-their-course-in-2026-research-associates-begin-next-steps/">Charting Their Course in 2026: Research Associates Begin Next Steps for New Paths and Opportunities</a> </h3></header></div></div><div class="swiper-lazy-preloader"></div></article></div></div></div></div></div>
742
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745<div style="height:24px" aria-hidden="true" class="wp-block-spacer"></div>
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749<div class="wp-block-group alignfull has-base-color has-primary-off-white-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-23b1a4dc wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)">
750<div class="wp-block-media-text has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center has-base-color has-text-color" style="grid-template-columns:auto 69%"><div class="wp-block-media-text__content">
751<div class="wp-block-columns has-primary-teal-background-color has-background is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex" style="border-radius:5px">
752<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30);flex-basis:100%">
753<h3 class="wp-block-heading">The Federal Reserve’s System of Reserve Banks</h3>
754
755
756
757<p class="has-small-font-size wp-block-paragraph">The Federal Reserve’s 12 Reserve Banks, each operating within its own geographic area, work together to keep the U.S. economy strong.</p>
758
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761<div class="wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex">
762<div class="wp-block-button is-style-with-left-arrow"><a class="wp-block-button__link has-primary-navy-background-color has-background wp-element-button" href="/about-us/federal-reserve-system-of-regional-banks/">Learn More</a></div>
763</div>
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1083						Policies</a></span><span style="padding-right:20px"><a class="sffed-footer__link sffed-is-teal"
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1085				<span class="sffed-footer__link" style="padding-right:20px"><a class="sffed-footer__link sffed-is-teal"
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1093	
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