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: Slow Job Growth in a Strong Economy

Nicolas Petrosky-Nadeau, vice president at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of January 15, 2026.

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Speech

Modern Central Banking: Monetary Policy Implementation and Communication

Watch SF Fed President Mary C. Daly’s Remarks

Around the District

the 12th 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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