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.

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.

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.

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.

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

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

Volatile Oil Markets Cloud the Economic Outlook

Oil markets have experienced considerable volatility. In the latest SF FedViews, Vice President Adam Shapiro writes that the ultimate economic impact from higher prices will depend critically on how long market disruptions persist.

The Recent Slowdown in Labor Supply and Demand

Job growth cooled but the unemployment rate rose only a little from mid-2024 to mid-2025. This Economic Letter explains the puzzle by finding a balanced slowdown in labor supply and demand.

The Economic Effects of Tariffs

What impacts do tariffs have on unemployment and inflation? This Economic Letter looks at 40 years of international data to assess the varied effects of trade policy over different time horizons.

Monetary Policy in a Slow (to No) Growth Labor Market

What does a slow growth labor market mean for monetary policy? “Simply stated, slower labor force growth translates into lower benchmark job gains,” writes President Mary C. Daly.

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.

Computer screen with text and a bar chart.

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

A Conversation with Mary C. Daly and UC Berkeley’s Fisher Center for Real Estate & Urban Economics

April 17, 2026

Reuters Exclusive: Fed’s Daly says oil shock means getting inflation down takes longer

April 10, 2026

President Mary C. Daly on KSL NewsRadio’s Midday with Maria Shilaos

April 9, 2026

Regionalism at the Federal Reserve: Many Voices, One Purpose

April 8, 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.