05/20/2026
The Federal Reserve Bank of San Francisco was established on May 20, 1914, to serve the Twelfth Federal Reserve District. At the time, the region looked very different from today, encompassing seven largely rural and sparsely populated western states.
Today, the Twelfth District is the largest in the Federal Reserve System, spanning nine western states, three territories, and one commonwealth, and is home to nearly one‑fifth of the U.S. population. As the District has expanded and evolved, the San Francisco Fed has remained steadfast in its commitment to carrying out its mission to promote maximum employment, maintain stable prices, and support the nation’s financial and payment systems.
From its home office in San Francisco to its branches in Los Angeles, Portland, Seattle, and Salt Lake City and its cash processing center in Phoenix, the people at the San Francisco Fed work each day in support of a strong and vibrant economy.
