Key Facts 2018
San Francisco is the headquarters of the Twelfth Federal Reserve District, which includes the nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. Branch offices are located in Los Angeles, Portland, Salt Lake City, and Seattle, with a cash processing center in Phoenix. The information presented in this document does not include the District’s island territories. Data sources available upon request. Revised May 2018.
Of the 12 Federal Reserve Districts, the Twelfth District is the largest, covering about 1.4 million square miles, or 37 percent of the nation’s area.
- The District’s estimated 68.1 million people accounted for nearly 21 percent of the total U.S. population in 2017.
The District also ranks first in the size of its economy:
The Twelfth District processed 19.4 billion currency notes in 2017, which is about 78 million notes per day. The Fed’s Cash Services department processes currency using high-speed computer-controlled machines that are each capable of verifying over 1,900 notes per minute. The machines intercept potential counterfeits and destroy old, worn out notes.
As of December 31, 2017, there were 201 bank holding companies, 19 savings and loan holding companies, 36 state member banks, 43 national banks, and 227 state-chartered, non-member banks in the District. In addition, the District is home to 69 U.S. branches, agencies, and representative offices of foreign banks and two Edge Act agreement corporations.
The Federal Reserve Bank of San Francisco had assets of $568.7 billion and operating expenses of $702 million as of December 31, 2017.
During 2017, the Federal Reserve System’s earnings totaled approximately $80.7 billion. Approximately $80.6 billion was remitted to the United States Treasury and the Twelfth District’s share was $9.9 billion.
In 2017, the Federal Reserve System cleared 5.2 billion commercial checks, of which 99.99% were deposited electronically. In addition, 13.8 billion commercial and 1.6 billion government payments were processed as Automated Clearing House (ACH) transactions. The Federal Reserve processes approximately two-fifths of the interbank check transactions and nearly three-quarters of the ACH payments in the country.
This map is made available under the Open Data Commons Attribution License. This map uses the Google Maps API, datasets for city boundaries obtained from CivicDashboards and county boundaries obtained from the U.S. Census Bureau and imported by Google’s Fusion Tables team. It is compatible with most modern browsers.