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To promote low inflation, full employment and financial stability, and provide services to financial institutions and the Treasury
SF Fed Blog
5 Fun Football Cash Facts
How much cash does it take to cover a football field? How many notes can the Fed process during a 30-second commercial? We have the answers to these questions and a few more to help you get warmed up for the big game.
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Economic Letter
How Does Business Dynamism Link to Productivity Growth?
Declining business turnover could plausibly hamper innovation and contribute to lackluster economic growth. But the connection is more subtle. First, while business turnover has steadily declined over the past 35 years, aggregate productivity growth has not. Second, even when business starts were at historical highs, existing firms lost very little market share to new firms. This suggests that older firms are just as innovative as newcomers.
View past Economic Letters > View past Economic Letters
In the News
From the President
Presentation to the 2017 Economic Forecast
Sacramento, California
From the 12th District
FedViews
John Fernald, senior research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of January 12, 2017.
From the Board
Summary of Commentary on Current Economic Conditions by Federal Reserve District
What's kept Robin Rockwood at the SF Fed for over 25 years? A deep appreciation for her colleagues. She says, "We're thoughtful about what we do. One of our driving principles is to be stewards of public good. When we make decisions, especially as members of the management team, we use an important filter: How are we serving the public?"
Work for the Fed
We like to say we work for the Fed, not at the Fed. That’s because the SF Fed is not just another employer or government agency. Here, you have the opportunity to become part of an important public service institution whose work touches lives across the globe.
