Arizona
Arizona boasts one of the largest manufacturing export sectors in the Twelfth District, with its largest employers spanning the trade, transportation, and utilities industries. The SF Fed also has a physical location in the state through its Phoenix Processing Center. Opened in 2001, the center serves the cash needs of the District’s southeastern region and is one of a handful of fully automated cash operations in the entire Federal Reserve System.
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Featured Publications
My Family’s Immigrant Experience

Selvyn Barrios and his family immigrated to Phoenix, Arizona when he was five. In this unreserved, he shares their experience pursuing their dreams, adapting to new cultural norms, and preserving their Guatemalan heritage.
Beyond the Numbers: Listening to Higher Education Leaders about Post-Pandemic Challenges

The pandemic severely disrupted universities and community colleges. In a recent roundtable with President Mary Daly, Twelfth District higher education leaders discussed the significant challenges they continue to grapple with.
Arizona News, Events, and Publications
Beyond the Numbers: Listening to Higher Education Leaders about Post-Pandemic Challenges
SF Fed Blog |
Rising Interest Rates Dampen District’s Housing Market Activity
SF Fed Blog |
Community Development Research Briefs |
2021 Small Business Credit Survey Reports: Arizona, California, Hawaii, Oregon, and Washington
Community Development Data |
Comparing Measures of Housing Inflation
Economic Letter |
Origin Stories: Meet SF Fed’s Diverse Suppliers
Wayne Armoogam, Luminous Egress
SF Fed Blog |
Commercial Real Estate’s Bumpy Road to Recovery
SF Fed Blog |
Home Care in the Twelfth Federal Reserve District: Snapshots by State
Community Development Data |
Overlooked Suburbs: The Changing Metropolitan Geography of Poverty in the Western United States
Community Development Research Briefs |
Supply Chain and Labor Shortages Dampen Q3
SF Fed Blog |
Pandemic Brings Increase in Fraud
SF Fed Blog |
First Half of 2021 Indicates Continued Labor Market Recovery
SF Fed Blog |
Real Estate Growth Driven by Supply and Demand in Q1
SF Fed Blog |
Paycheck Protection Program Lending in the Twelfth Federal Reserve District: Snapshots by State
Community Development Data |
Child Care in the Twelfth Federal Reserve District: Snapshots by State
Community Development Data |
Employment/Rehiring Continues Its Rocky Road to Recovery
SF Fed Blog |
How Did COVID-19 Impact Small Businesses in 2020’s Q3?
SF Fed Blog |
How Did COVID-19 Affect Real Estate Lending in the First Quarter of 2020?
SF Fed Blog |
SF Fed COVID-19 Resource Hub Available Now
SF Fed Blog |
What Brought the Fed to Phoenix?
SF Fed Blog |
What Can Banking Conditions Tell Us about the Economy?
SF Fed Blog |