Federal Reserve Bank of San Francisco


Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington— plus American Samoa, and the Commonwealth of the Northern Mariana Islands. The Federal Reserve Bank of San Francisco has branch offices in Los Angeles, Portland, Salt Lake City, and Seattle. It also has a cash processing center in Phoenix.

The twelfth district, the nation's largest, covers about 1.3 million square miles (36% of the nation's area). In 2004 the San Francisco Fed processed 20.8 billion currency notes and 1.5 billion commercial checks. The current president, appointed in 2004, is Janet Yellen.

The Federal Reserve Bank in San Francisco has one of the largest collections of US paper money in the United States, which is displayed in the American Currency Exhibit.

History

The San Francisco Federal Reserve Bank opened for business in rented quarters at the rear of the Merchants National Bank on November 16, 1914, in order to make the reserve provisions of the Federal Reserve Act. In 1924, the San Francisco staff moved out of temporary locations and into the Bank's newly built headquarters at 400 Sansome Street, a location that it would occupy for the next 60 years.

The building, designed by George W. Kelha, has Ionic colonnade is pure Beaux-Arts, while the upper building is in the new Moderne fashion of 1924. The lobby with murals by Jules Guerin who created the palette for the 1915 Panama-Pacific International Exhibition. In 1983 the bank relocated to more larger and modern facilities on 101 Market Street as the 400 Sansome Street location was sold to private developers who rented out the space. Prominent law firm Orrick Herrington & Sutcliffe was headquartered in the building until 2002 when the firm moved out of the space. The building continues to be owned by private developers and currently has no tenants.

ee also

*Federal Reserve System

External links

* [http://www.frbsf.org Official FRBSF Site]
* [http://www.frbsf.org/currency/ FRBSF Currency Exhibit]
* [http://www.frbsf.org/federalreserve/visit/tours.html FRBSF Tour Info]
* [http://www.frbsf.org/education/fedville/ FedVille game]
*The old main office building is at coordinatescoord|37.7943|N|122.4008|W|


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Federal Reserve Bank Of San Francisco — The Federal Reserve Bank responsible for the twelfth district, located in San Francisco, CA. the Federal Reserve Bank of San Francisco s territory includes Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah and Washington. It is… …   Investment dictionary

  • Federal Reserve Bank of San Francisco, Los Angeles Branch — Infobox nrhp | name =Federal Reserve Bank of San Francisco nrhp type = caption = Federal Reserve Bank of San Francisco, Los Angeles Branch location= 409 W. Olympic Blvd., Los Angeles, California lat degrees = 34 lat minutes = 2 lat seconds = 34… …   Wikipedia

  • Federal Reserve Bank — Dieser Artikel behandelt das Federal Reserve System (Fed). Für Bedeutungen der Abkürzung FED siehe FED. In diesem Artikel oder Abschnitt fehlen folgende wichtige Informationen: Siehe Diskussionsseite Du kannst Wikipedia helfen, indem du sie… …   Deutsch Wikipedia

  • Federal Reserve Bank of Kansas City — The Federal Reserve Bank of Kansas City covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. The Bank has branches in Denver,… …   Wikipedia

  • Federal Reserve Bank Of Minneapolis — The Federal Reserve bank located in Minneapolis, Minn., which is responsible for the ninth district. Its territory includes parts of the states of Wisconsin and Michigan, as well as the entire states of Minnesota, Montana, North Dakota and South… …   Investment dictionary

  • Federal Reserve Bank Of Kansas City — The Federal Reserve Bank responsible for the 10th district, located in Kansas City, Mo. Its territory includes parts of the states of New Mexico and Missouri, as well as the entire states of Colorado, Kansas, Nebraska, Oklahoma and Wyoming. It… …   Investment dictionary

  • Federal Reserve Bank of Minneapolis — Federal Reserve System, U.S. 9th District, seen from Hennepin Avenue …   Wikipedia

  • Federal Reserve Bank of New York — building The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Place, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses …   Wikipedia

  • Federal Reserve Bank of Dallas — building The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that, along with… …   Wikipedia

  • Federal Reserve Bank — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.