Federal Reserve Bank San Francisco John William's 2012 Annual Report: Cash Is Dead! Long Live Cash!

Cash is Dead! Long Live Cash!

Posted April 4, 2013

In an essay in the 2012 Annual Report, San Francisco Fed President and CEO John C. Williams explains why currency in circulation is soaring at the same time Americans are turning away from cash to pay for purchases.

Features

Tech Pulse

Tech Pulse

Posted June 12, 2013

In May 2013 the Tech Pulse Index grew at an annualized rate of 5.2%, compared to its 16.0% historical average. The Tech Pulse Index grew 2.4% over the past 12 months.

The New Era of Affordable Housing

The New Era of Affordable Housing

Posted June 6, 2013

Our new issue of Community Investments examines how affordable housing development and finance models are evolving to overcome lost resources and meet growing and changing demand.

Economic Letter

Fiscal Headwinds: Is the Other Shoe About to Drop?

Posted June 3, 2013

Federal fiscal policy during the recession was abnormally expansionary by historical standards. However, over the past 2½ years it has become unusually contractionary as a result of several deficit reduction measures passed by Congress. During the next three years, we estimate that federal budgetary policy could restrain economic growth by as much as 1 percentage point annually beyond the normal fiscal drag that occurs during recoveries.

Beige Book

Beige Book

Posted June 5, 2013

District economic activity expanded at a modest pace. Price inflation was subdued for most final goods and services, and upward wage pressures were limited overall.

Our District

Federal Reserve Bank SF Our District

Welcome to the Federal Reserve Bank of San Francisco, the 12th District of the Federal Reserve System headquartered in San Francisco.

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Did You Know?

American Currency Exhibit

Our district houses one of the most significant currency exhibits in the world.

View the American Currency Exhibit