Our Mission

To promote low inflation, full employment and financial stability, and provide services to financial institutions and the Treasury

SF Fed Blog

Hand Holding Cash

Emergency Funds: Why Americans Choose Cash for Disaster Preparation

Amid a wealth of payment options, consumers continue to tuck away cash when preparing for the unexpected.

Economic Letter

Measuring Interest Rate Risk in the Very Long Term

Posted April 24, 2017

Insurance companies cover potential risks that can extend well beyond the 30-year U.S. Treasuries commonly used to measure the interest rate risk involved. A new study describes how the long-term interest rates required to evaluate such long-lived liabilities can be extrapolated from shorter-maturity bond yields. The method has very small errors relative to a yield curve variation typically used for risk management.

In the News

From the President

The Jenga Tower of Prosperity: The Strong, Prosperous, And Resilient Communities Challenge (SPARCC)

March 30, 2017

Remarks at the SPARCC National Launch Event
New York, New York

From the 12th District

SF Fed’s Williams: “Prosperity is Like a Jenga Tower”

March 30, 2017


Economic Outlook

April 21, 2017

Mary C. Daly, executive vice president and director of research at the Federal Reserve Bank of San Francisco, stated her views on the current economy and the outlook as of April 13, 2017.

From the Board

Beige Book

April 19, 2017

Summary of Commentary on Current Economic Conditions by Federal Reserve District

Ruth Aniceto grew up in Manila, the granddaughter of a World War II Colonel granted U.S. citizenship for his service. Today she’s an executive assistant at the SF Fed’s Salt Lake City branch. Here’s her journey to the Fed.

Work for the Fed

Work for the Fed

We like to say we work for the Fed, not at the Fed. That’s because the SF Fed is not just another employer or government agency. Here, you have the opportunity to become part of an important public service institution whose work touches lives across the globe.