1997 Annual Report
The Federal Reserve Bank of San Francisco is one of 12 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 produced by Karen Flamme.
It was written by Elizabeth Laderman,
and Karen Flamme. Design and illustrations were created by Bill Rosenthal.
Color photography by Paul Schulz (firstname.lastname@example.org).