member spotlight: federal reserve bank of san francisco
The Federal Reserve Bank of San Francisco, a longtime BAC Executive Committee member, has an admirable mission: to promote low inflation, full employment and financial stability, and provide services to financial institutions and the Treasury. The SF Fed 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. Of the 12 Federal Reserve Districts, the Twelfth District is the largest by geography and the size of its economy.
Did you know that:
- The District processes 81.6 million notes each day— from one dollar bills to hundreds, a billion and a half notes a year.
- Its 27.2 million workers earned more than 21 percent of the nation’s total personal income in 2014.
- District states accounted for about 21 percent of the nation’s exports of manufactured goods in 2014.
The SF Fed also believes that our economy can only reach its full potential when everyone is educated, healthy, and has an affordable place to call home. Its Community Development Team is a dynamic group of leaders who are addressing some of the Bay Area’s greatest challenges.
The SF Fed is proud of its diverse and committed workforce. Read here about one of SF Fed’s most important team members: Nora – Tales from the SF Fed K9 Unit.