1998 Annual Report
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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: our headquarters in San Francisco and offices
in Los Angeles, Portland, Salt Lake City, and Seattle. Each office provides
financial services to the banking institutions in its locale.
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