Federal Reserve Bank Of San Francisco

DEFINITION of '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 also responsible for American Samoa, Guam and the Northern Mariana Islands.


The Federal Reserve Bank of San Francisco is one of 12 Reserve Banks within the Federal Reserve System. It is responsible for executing the central bank's monetary policy by reviewing price inflation and economic growth, and by regulating the banks within its territory. It provides cash to banks within its district, as well as monitor electronic deposits.

BREAKING DOWN 'Federal Reserve Bank Of San Francisco'

Monetary policy is determined at the Federal Open Market Committee (FOMC) meetings held eight times a year. The FOMC consists of 12 members, which include the seven Governors of the Federal Reserve Board, the President of the Federal Bank of New York, and four of the other 11 Bank presidents.




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RELATED FAQS
  1. Why would the Federal Reserve change the reserve ratio?

    Understand the Federal Reserve's monetary policy and the tools it uses to change that monetary policy. Learn about the reserve ... Read Answer >>
  2. Who determines the reserve ratio?

    Understand what the Federal Reserve is and what it regulates in the U.S. economy. Learn about the reserve ratio and how the ... Read Answer >>
  3. What do banks do to control the bank reserve?

    Understand what the Federal Reserve does in order to expand or contract the economy. Learn what depository institutions can ... Read Answer >>
  4. What happens if the Federal Reserve lowers the reserve ratio?

    Learn about the Federal Reserve's monetary policy and the tools it uses to control it. Understand what happens if the Federal ... Read Answer >>
  5. How does the Federal Reserve's set discount rate affect my personal finances?

    Discover how the Federal Reserve implements its chosen monetary policy through its discount rates, and how these actions ... Read Answer >>
  6. How do central banks acquire currency reserves and how much are they required to ...

    A currency reserve is a currency that is held in large amounts by governments and other institutions as part of their foreign ... Read Answer >>
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