Federal Reserve Bank of San Francisco

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.

Regional Indicators

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

SF Fed President and CEO Mary C. Daly interacting with a member of the public.

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.

SF Fed's Elizabeth Kneebone and Bina Shrimali.

Community Investments

This publication brings together real-world insights and research on efforts to expand investment and economic opportunity in lower-income communities.

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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.

Financial Services

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

Person handling stacks of five dollar bills.

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.

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.

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

Learn more about inflation, employment, tariffs and trade, artificial intelligence, and other forces shaping the economy.

Prospects for AI-related Activity Add to Uncertainty Around the Economic Outlook in 2026

Senior Policy Adviser Mark M. Spiegel looks at trends in economic output, the labor market, inflation, and AI—and their implications for monetary policy.

What Can History Tell Us About Tariff Shocks?

An Economic Letter looks at pre-World War II tariff hikes and finds that they were usually associated with lower inflation, less economic activity, and higher unemployment.

Housing Affordability and Housing Demand

Why are homes so pricey? An Economic Letter suggests that housing markets may simply reflect underlying labor-market dynamics.

A New Labor Market Stress Indicator

The San Francisco Fed’s Labor Market Stress Indicator tracks state-level labor market developments in real time to create a simple, timely gauge of economic conditions across the country.

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.

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.

Center for Monetary Research

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

Community Engagement and Analysis

Community Engagement and Analysis works to understand the economic experiences of lower-income households and communities.

Data and Indicators

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

Presidential News & Appearances

Keynote Remarks by Mary C. Daly on AI and the Economy

February 17, 2026

In Conversation: Mary C. Daly with Rob Kaplan

February 19, 2026

San Francisco Fed President Mary C . Daly on What’s Actually Happening in the Economy

January 6, 2026

Reuters Exclusive: Fed’s Daly sees labor market vulnerabilities, room to cut interest rates

February 6, 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.