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data-id="202465">Supplier Information</a></p> 591 592 593 594<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> 599 600 601 602<p class="wp-block-paragraph"></p> 603 604 605 606<p class="wp-block-paragraph"></p> 607 608 609 610<p class="wp-block-paragraph"></p> 611</div> 612</div> 613 614 615 616<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 Franciscoâs mission is to advance the nationâs monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the San Francisco Fedâs work focuses on stable prices, maximum employment, safe banking, and secure payments.</p> 618 619 620 621<p class="wp-block-paragraph">
621The San Francisco Fed serves the Twelfth Federal Reserve District, which covers the nine western statesâAlaska, Arizona, California, Hawaiâi, Idaho, Nevada, Oregon, Utah, and Washingtonâplus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.</p> 622 623 624 625<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 Reserveâs work on behalf of the American people.</p> 626</div> 627</div> 628 629 630 631<h2 class="wp-block-heading">Core Responsibilities</h2> 632 633 634 635<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> 648 649 650 651<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> </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> 657 658 659 660<p class="wp-block-paragraph">The San Francisco Fed supports the nationâs payment system, ensures that cash is circulating throughout the Twelfth District, and keeps money moving securely across banking platformsâfrom payroll direct deposits to online transfers.</p> 661</div> 662 663 664 665<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> 667 668 669 670<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> 671 672 673 674<p class="wp-block-paragraph">The San Francisco Fed ensures that banks are operating in a safe and sound manner byâ¯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> 678 679 680 681<div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div> 682 683 684 685<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> 688 689 690 691<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"> 692<div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div> 693 694 695 696<div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div> 697 698 699 700<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> 701 702 703 704<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&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> 722 723 724 725<div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div> 726</div> 727 728 729 730<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> 732 733 734 735<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> 736 737 738<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&h=350&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&h=350&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&h=350&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
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