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.

Using Inflation Shock Patterns to Help Forecast Inflation

A new indicator—the Inflation Shock Momentum Index—offers a practical tool to detect emerging shifts in the underlying inflation environment and can contribute to improving policy responses to evolving economic conditions.

How Labor Force Participation Has Diverged Across Genders

Why has labor force participation diverged across genders? This Economic Letter finds that recent generations of men are participating less than previous generations, while recent generations of women—especially those with more education—have higher participation.

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. An Economic Letter explains the puzzle by finding a balanced slowdown in labor supply and demand.

The AI Moment? Possibilities, Productivity, and Policy

In this Economic Letter SF Fed President Daly discusses how AI adoption is evolving quickly, and its effects on productivity and the economy remain uncertain. Transformations take time, so must track early signs in data and business to get monetary policy right.

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

Keynote Remarks by Mary C. Daly at the ESRI International Conference in Tokyo

August 5, 2026

A Conversation with Mary C. Daly and the Bank of Spain

July 2, 2026

Bloomberg Technology Summit 2026 with Mary C. Daly and Bloomberg’s Caroline Hyde

June 4, 2026

SF Fed President Mary Daly says monetary policy is in a good place on Bloomberg TV

June 4, 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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