Our Mission

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

SF Fed Blog

Image of woman holding $100 US note

Who Holds Cash?

Everyone has a different relationship with cash. Some carry and use it regularly while others never carry cash. Still others keep it on hand for emergencies but prefer a debit or credit card for everyday purchases. Can these behaviors provide insight into the future of cash holding for consumers?

Economic Letter

Changes in Labor Participation and Household Income

Posted February 1, 2016

The percentage of people active in the labor force has dropped substantially over the past 15 years. Part of this decline appears to be the result of secular factors like the aging of the workforce. However, the participation rate among people in their prime working years—ages 25 to 54—has also fallen. Recent research suggests this decline among prime-age workers can be attributed in large part to lower participation from among the higher-income half of U.S. households.

In the News

From the 12th District

Anita V. Pramoda Appointed to the Los Angeles Branch Board of the Federal Reserve Bank of San Francisco

January 28, 2016

The Board of Governors of the Federal Reserve System appointed Anita V. Pramoda, Chief Executive Officer of Owned Outcomes, to its Los Angeles Branch board of directors.

From the President

After the First Rate Hike

January 8, 2016

Presentation to California Bankers Association

Santa Barbara, California


Economic Outlook

January 15, 2016

Mark Spiegel, vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of January 14, 2016.

From the Board

Beige Book

January 13, 2016

Summary of Commentary on Current Economic Conditions by Federal Reserve District

Patrolling Super Bowl City in San Francisco's Justin Herman Plaza is the latest assignment for Officers Carlo Calacal and Nora, who have worked major sporting events and presidential visits. Get to know our K-9 Unit and its important work in explosives detection at the SF 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.