Key Facts 2014

The Twelfth Federal Reserve District

San Francisco is the headquarters of the Twelfth Federal Reserve District, which includes the nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. Branch offices are located in Los Angeles, Portland, Salt Lake City, and Seattle, with a cash processing center in Phoenix. The information presented in this document does not include the District’s island territories.

In This Section

Twelfth District Map

Key Facts about the 12th District (pdf, 422 kb)

Economic Profile of the 12th District (pdf, 101 kb)

Geography and Demographics

Of the 12 Federal Reserve Districts, the Twelfth District is the largest, covering about 1.3 million square miles, or 36 percent of the nation’s area.

  • The District’s estimated 65.3 million people accounted for nearly 21 percent of the total U.S. population in 2013.

The District also ranks first in the size of its economy:

  • Its 26.4 million workers accounted for about 19 percent of the nation’s total nonfarm employment in 2013. Those workers earned close to 21 percent of the nation’s total personal income in 2013.

  • Altogether, District states accounted for over 20 percent of the nation’s exports of manufactured goods in 2013.

  • In broad terms, the District’s industry mix mirrors that of the rest of the nation.

    • However, the District employs a slightly higher share of workers in the following major sectors: construction, information, professional and business services, leisure and hospitality, and government.

    • Several of the nation’s leading information technology (IT) centers are located in the District. As a percentage of total nonfarm workers, the District employs a considerably larger share of IT workers than the rest of the nation. Moreover, these District IT workers on average earn more in annual wages than IT workers in the rest of the nation.

Cash Processing

The Twelfth District processed 20.1 billion currency notes in 2013, which is about 80.1 million notes per day. The Fed’s Cash Services department processes currency using high speed computer controlled machines that are each capable of verifying over 1,900 notes per minute. The machines intercept potential counterfeits and destroy old, worn out notes.

Banking Environment

As of December 31, 2014, there were 211 bank holding companies, 27 savings and loan holding companies, 38 state member banks, 64 national banks, and 279 state-chartered, non-member banks in the District. In addition, the District is home to 66 U.S. branches, agencies, and representative offices of foreign banks and three Edge Act agreement corporations.

Financial Situation

The Federal Reserve Bank of San Francisco had assets of $460.5 billion and operating expenses of $590 million as of December 31, 2013.

System Earnings

During 2013, the Federal Reserve System’s earnings totaled approximately $81.4 billion. Approximately $79.6 billion was distributed to the United States Treasury and the Twelfth District’s share was $7 billion.


In 2013, the Federal Reserve System cleared 6 billion commercial checks, of which 99.98% were deposited electronically. In addition, 11.2 billion commercial and 1.5 billion government payments were processed as Automated Clearing House (ACH) transactions. The Federal Reserve processes approximately one-third of the interbank Check transactions and nearly three-fourths of the ACH payments in the country.

Data sources available upon request. Revised March 2015.