The Federal Reserve Bank of San Francisco serves the Twelfth District, the largest in the Federal Reserve System, and represents the nine western states, two territories, and a commonwealth.

The San Francisco Fed’s core functions are to support monetary policy, strengthen financial institutions, and enhance the payments systems.

Feature

SF FedViews: October 16, 2025

SF Fed economists expect unemployment and inflation rates to rise modestly through mid-2026 and then start to decline. Research Director Sylvain Leduc shares his views on the current economy and outlook in a new SF FedViews.

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Speech

Steady Through Change: In Policy, Business, and Life

Watch SF Fed President Mary C. Daly’s Remarks

Around the District

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12th District

The Federal Reserve Bank of San Francisco is one of the 12 Reserve Banks in the Federal Reserve System. San Francisco is the headquarters of the Twelfth Federal Reserve District.

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