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February 19, 2008
| Contacts: |
Carol
Eckert
Federal Reserve Bank of San Francisco |
(415) 977-3853 |
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Steven Fisher
Federal Reserve Bank of San Francisco,
Seattle Branch |
(425) 203-0799 |
Federal Reserve Bank of San Francisco's Seattle Branch Opened
for Business Today at New Building in Renton
The Seattle Branch of the Federal Reserve Bank of San Francisco completed its move out of downtown and opened for business in its new facility in Renton, Washington this morning.
The Seattle Branch primarily provides cash processing services to financial institutions throughout the states of Washington, Oregon, Alaska, and Northern Idaho. The Bank said it will hold a formal building dedication sometime this Spring.
Located at 2700 Naches Avenue SW in Renton, the new three-story facility houses approximately 100 employees who work in cash services, administration, human resources, customer support, public information, community development, facilities, procurement, police services and information technology. The Branch’s Board of Directors will meet in the Renton building, continuing to provide input on the local economy that is valuable in helping shape the San Francisco Federal Reserve Bank’s monetary policy recommendations.
The Federal Reserve Bank of San Francisco plans to put its building at 1015 Second Avenue on the market, having engaged Mike Reimers and Gary Volchok of CB Richard Ellis to handle the sale.
The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government.
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