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: September 4, 2025

Economic activity in the United States has remained resilient. But in the latest SF FedViews, economist Andrew Foerster finds some softening in the labor market while inflation remains above the Fed’s 2% goal.

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Speech

Investing in a Durable Economic Future

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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