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 the Northern Mariana Islands, American Samoa, and Guam. 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 is the nation's largest by area and population, covering 1.3 million square miles (36% of the nation's area) and 60 million people. The Federal Reserve Bank of San Francisco is the third-largest by assets held, after New York and Richmond. 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 John C. Williams. 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.
Read more about Federal Reserve Bank Of San Francisco: History, Buildings, Current Board of Directors, Branches
Famous quotes containing the words san francisco, federal, reserve, bank, san and/or francisco:
“Mining today is an affair of mathematics, of finance, of the latest in engineering skill. Cautious men behind polished desks in San Francisco figure out in advance the amount of metal to a cubic yard, the number of yards washed a day, the cost of each operation. They have no need of grubstakes.”
—Merle Colby, U.S. public relief program (1935-1943)
“Prestige is the shadow of money and power. Where these are, there it is. Like the national market for soap or automobiles and the enlarged arena of federal power, the national cash-in area for prestige has grown, slowly being consolidated into a truly national system.”
—C. Wright Mills (1916–1962)
“Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.”
—René Daumal (1908–1944)
“Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak.... They are simply cheques that men draw on a bank where they have no account.”
—Oscar Wilde (1854–1900)
“There they are at last, Miss Rutledge. The will-o-the-wisps with plagues of fortune. San Francisco, the latest newborn of a great republic.”
—Ben Hecht (1893–1964)
“Swan/Mary Rutledge: Oh no, no. I’m not running away. I came here to get something, and I’m going to get it.
Col. Cobb: Yes, but San Francisco is no place for a woman.
Swan: Why not? I’m not afraid. I like the fog. I like this new world. I like the noise of something happening.... I’m tired of dreaming, Colonel Cobb. I’m staying. I’m staying and holding out my hands for gold—bright, yellow gold.”
—Ben Hecht (1893–1964)