The Federal Reserve Bank of San Francisco on Tuesday announced that it will co-host with the Federal Reserve Board a series of “innovation office hours” with banks and companies engaged in digital innovations in financial services.
Scheduled for Aug 11-13, 2020, this upcoming round of innovation office hours follows a similar event at the Federal Reserve Bank of Atlanta, which took place in February. The sessions are a convenient way for banks and financial technology firms to meet one-on-one with employees of the San Francisco Fed and the Federal Reserve Board to discuss technological services that firms are offering or may be interested in offering. Conducted virtually, innovation office hours provide a two-way learning opportunity for firms and Federal Reserve staff. Federal Reserve staff will not provide new guidance, application approvals, or supervisory opinions during an office hour session.
Participants in the mid-August office hours event are also invited to join a virtual fireside chat on responsible digital innovation with Tracy Basinger, Executive Vice President at the San Francisco Fed, and Kavita Jain, Deputy Associate Director at the Board of Governors. The live session will take place on Tuesday, August 11th at 12pm PDT. Firms interested in participating can sign up online.
Please see the Federal Reserve System’s Innovation page for future office hours series dates and locations.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.