Federal Reserve Bank
of San Francisco Federal Reserve Bank
of San Francisco

Support­ing a Stronger Economy

Support­ing a Stronger Economy

The Federal Reserve Bank of San Francisco serves the nine western states, two territories, and commonwealth in the Federal Reserve’s Twelfth District. The Bank’s congressionally mandated mission is to promote maximum employment and stable prices, and support the nation’s financial and payment systems.

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An Introduction to the Federal Reserve Bank of San Francisco

Learn how we support the U.S. economy

Regional Insights

Learn how the Federal Reserve Bank of San Francisco utilizes regional data and local economic insights to help inform monetary policy.

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Regional Indicators

Regional data help measure the labor market, inflation, and other economic conditions across the Twelfth District.
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Current Conditions

The San Francisco Fed collects information from a broad range of sources for the Fed’s Beige Book, an economic report that assesses conditions and identifies emerging economic trends.
SF Fed Executive Vice President for Regional Engagement Laura Choi in the Twelfth District.

District Perspectives

The Regional Community and Economic Perspectives network provides the San Francisco Fed with real-time information about local economic conditions.
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On-the-ground Insights

Members of the San Francisco Fed’s advisory councils bring insights from businesses, financial institutions, and community organizations across the Twelfth District.
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Regionalism at the Fed

San Francisco Fed President and CEO Mary C. Daly explains how the Fed’s history and structure support its commitment to regionalism, independent thinking, and accountability to the public.

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Reserve Banks: Supporting a Strong Economy

Learn how the Federal Reserve Bank of San Francisco ensures that households and businesses have access to cash, safe and secure payments, and a stable banking system.

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Financial Services

The San Francisco Fed provides a wide range of financial services that promote a safe, sound, and stable banking and financial system.
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Cash Services

Throughout the Twelfth District, the San Francisco Fed ensures that cash is readily available to banks and credit unions to meet the public’s needs.
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Bank Supervision

Banking examiners work to understand banks’ operations, material risk, how well banks manage that risk, and whether banks have sufficient financial and managerial resources.
Map outlining each of the 12 Federal Reserve Districts.

Reserve Bank System

The Federal Reserve’s 12 Reserve Banks work to keep the U.S. economy strong – focusing on stable prices, full employment, safe banking, and secure payments.

Economic Research

Read the SF Fed’s most-viewed economic research publications to learn more about topics like inflation, employment, artificial intelligence, and other forces shaping the economy.

Uncertainty Clouds the Outlook on Inflation and the Economy

In the latest SF FedViews, Senior Policy Advisor Òscar Jordà looks at the latest geopolitical developments and their implications for GDP, employment, inflation and interest rates.

Is Optimism for Artificial
Intelligence Boosting
Investment?

AI infrastructure spending by the largest firms helped fuel US investment growth in 2025. An analysis of sentiment data from company earnings calls suggests that optimism about AI will continue to contribute to future overall investment growth.

Has the US Entered an Era of High Productivity Growth?

An Economic Letter provides a framework for interpreting recent productivity data and offers cautious optimism about future growth prospects.

The Effects of Tariffs on the Components of Inflation

Research drawing on data from multiple advanced economies shows that after tariffs, inflation initially falls due to a decline in demand. But it gradually reverses course, driven first by goods and later by services categories.

In Focus

Fed research examines events, risks, and trends that materially affect the economy, which in turn affect the Fed’s dual mandate goals of stable prices and maximum employment.

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EmergingTech Economic Research Network

The EmergingTech Economic Research Network (EERN) provides a platform for sharing knowledge and research on emerging technologies and their economic impacts.
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Center for Monetary Research

The Center for Monetary Research promotes and fosters policy-relevant research in monetary economics and macro-finance.
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Data and Indicators

The Economic Research Department provides recurring updates of data sets related to its research.

Presidential News & Appearances

Fed’s Daly Says Forward Guidance Could Be Misleading

June 4, 2026

Reagan National Economic Forum Panel with Mary C. Daly and Axios’ Neil Irwin

May 29, 2026

San Francisco Fed president says policy’s in a ‘good place’ on Fox Business

May 29, 2026

Fed’s Daly Says Policy Division is Less Important than FOMC Action on Bloomberg TV

May 11, 2026

Federal Reserve Bank of San Francisco President Mary C. Daly engages with people and businesses in the Twelfth District and across the U.S. to better understand the economy and explain her thinking on monetary policy and the economic outlook.

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