1995 Annual Report

• From the Boardroom
• A Brief History of Our Nation's Paper Money
• Executive Committee, Officers, and Branch Operations
• Highlights of 1995
• Summary of Operations
• Comparative Statement of Account
• Earnings and Expenses
• Boards of Directors
• 1996 Advisory Council on Small Business and Agriculture
• Twelfth Federal Reserve District

The Federal Reserve Bank of San Francisco is one of twelve regional Reserve Banks which, together with the Board of Governors in Washington, D.C., comprise the nation's central bank.

As the nation's central bank, the Federal Reserve is responsible for making and carrying out our nation's monetary policy. It also is a bank regulatory agency, a provider of wholesale priced banking services, and the fiscal agent for the United States Treasury.

The Federal Reserve Bank of San Francisco serves the Twelfth Federal Reserve District, which includes the nine western states--Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah and Washington--Guam, American Samoa, and the Northern Mariana Islands.

To serve this expansive region, the San Francisco Reserve Bank has five offices: the headquarters in San Francisco, and offices in Los Angeles, Portland, Salt Lake City, and Seattle. Each office provides financial services to the public and banking institutions in its locale.

This Report was written and produced by Karen Flamme. Highlights was written by Karen Flamme and Barbara Bennett. Design and illustrations were created by William Rosenthal. Color photography by Paul Schulz.