Federal Reserve Bank
The Federal Reserve Bank of San Francisco is one of 12 regional Reserve Banks serving the Twelfth District (nine western U.S. states, two territories, and a commonwealth), operating FedNow instant payments, cash distribution, check and ACH processing, bank supervision, and economic research under a congressional mandate.
- Company typePrivate
- Founded1913
- HeadquartersSan Francisco, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Federal Reserve Bank does
The Federal Reserve Bank of San Francisco is one of 12 regional Reserve Banks that together comprise the Federal Reserve System, the central banking system of the United States. Established by the Federal Reserve Act of 1913 and headquartered at 101 Market Street in San Francisco, it serves as the Federal Reserve's presence for the Twelfth District, covering nine western states (Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, Washington), two territories (American Samoa, Guam), and the Commonwealth of the Northern Mariana Islands, with branch offices in Los Angeles, Portland, Salt Lake City, and Seattle plus a cash processing center in Phoenix. Its congressionally mandated mission is to promote maximum employment, maintain stable prices (2% inflation target), and support the nation's financial and payment systems.
The Bank operates core financial infrastructure that includes the FedNow instant payment network (launched July 2023, processing $245 billion in Q2 2025 with a 49,000% year-over-year increase and over 1,400 connected financial institutions), physical cash distribution across the district (with $2.4 trillion in Federal Reserve notes in circulation System-wide), check processing (3 billion checks annually), ACH settlement, and bank supervision through its examiners. It also produces economic research and publications, contributes the Twelfth District section of the Beige Book, hosts the EmergingTech Economic Research Network (EERN), and runs the Zip Code Economies podcast. The Bank has deployed a general-purpose AI platform embedded into existing systems to support employees with drafting, summarizing, analyzing information, and AI-assisted software development, and co-issued new Model Risk Management guidance covering classical ML and GenAI models.
As a federal instrumentality of the U.S. government, the Federal Reserve Bank of San Francisco is not a revenue-generating enterprise; Reserve Banks return excess earnings to the U.S. Treasury after maintaining required reserves and paying dividends to member banks. It is governed by a Board of Directors composed of private-sector business and community leaders who select the Bank's President (subject to Board of Governors approval), blending governmental oversight with private-sector input. President and CEO Mary C. Daly has led the Bank since 2018, and the broader Federal Reserve System entered a new leadership phase in May 2025 with Kevin Warsh sworn in as Chair succeeding Jerome Powell.
Federal Reserve Bank firmographics
Firmographics- Name
- Federal Reserve Bank
- Legal name
- Federal Reserve Bank of San Francisco
- Website
- https://frbsf.org
- Company type
- Private
- Founded year
- 1913
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- The Federal Reserve Bank of San Francisco is one of 12 regional Reserve Banks serving the Twelfth District (nine western U.S. states, two territories, and a commonwealth), operating FedNow instant payments, cash distribution, check and ACH processing, bank supervision, and economic research under a congressional mandate.
- Ownership category
- akta.pro rank
Federal Reserve Bank industry classification
Industry- Product category
- Central Banking
- NAICS
- Monetary Authorities-Central Bank (52111)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Functions Related To Depository Banking, Nec (6099), Finance Services (6199)
- akta.pro primary industry
- Central Bank Reserve Management (FSAAAGAF)
- akta.pro secondary industries
- Securities Settlement Systems (SSSs) for Government & Central Bank Securities (FSAFAGAC), Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
Keywords
Where Federal Reserve Bank is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Federal Reserve Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Distribution channels4 records
Marketing channels10 records
Federal Reserve Bank product offering
Product offeringCore offering
The Federal Reserve Bank of San Francisco operates as a regional central bank providing critical financial infrastructure and services within the Twelfth Federal Reserve District. Its core offerings include the FedNow instant payment network, cash currency distribution, check and ACH processing, bank supervision and examination, and economic research publications supporting monetary policy and the nation's financial system.
Product overview
The Federal Reserve Bank of San Francisco is one of 12 regional Reserve Banks in the Federal Reserve System, serving the nine western states, two territories, and commonwealth. The Bank operates a multi-service platform providing: (1) Core financial infrastructure services including the FedNow instant payment network, cash distribution, check processing, and ACH payment settlement; (2) Bank supervision and examination services; (3) Economic research and publications including Economic Letters, speeches, and the Beige Book; and (4) Community engagement through advisory councils, events, and the EmergingTech Economic Research Network (EERN). The institution's congressionally mandated mission focuses on promoting maximum employment, stable prices, and supporting the nation's financial and payment systems.
Differentiator
Problem solved
Functional benefit
Products and services
- FedNow Instant Payment Network The Federal Reserve's instant payment service enabling financial institutions to send and receive payments in real time, 24 hours a day, 365 days a year. Processing volumes reached $245 billion in Q2 2025 with 458.9% year-over-year growth across more than 1,400 participating financial institutions.
- Cash Services
Companies that use Federal Reserve Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Federal Reserve Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature3 records
Federal Reserve Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- UC Berkeley Fisher Center for Real Estate & Urban EconomicscoreThe San Francisco Fed partners with UC Berkeley's Fisher Center for Real Estate & Urban Economics for ongoing dialogue and research collaboration. President Mary C. Daly has participated in multiple conversations with the center to discuss economic outlook, monetary policy, and regional economic conditions.
- Benjamin F. Jones / Northwestern University Kellogg School of ManagementminorThe SF Fed's EmergingTech Economic Research Network (EERN) hosted a seminar with Professor Benjamin F. Jones from Northwestern University's Kellogg School of Management on AI in Research & Development. Professor Jones is a leading expert on innovation and economic growth.
- Silicon Valley Leadership GroupminorThe San Francisco Fed engages with the Silicon Valley Leadership Group for economic dialogue and policy discussions. President Mary C. Daly delivered remarks at an event hosted by the organization discussing AI's economic implications.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Federal Reserve Bank competitors and assessment
Company assessmentDirect peers
- Federal Reserve Bank of New York: One of 12 regional Federal Reserve Banks performing the same statutory functions (monetary policy, payments, supervision, cash) — and the most prominent peer given its role in open market operations and markets group.
- Federal Reserve Bank of Boston: First District Reserve Bank delivering the same set of Federal Reserve services, including payment infrastructure, supervision, and regional economic research.
- Federal Reserve Bank of Cleveland: Fourth District Reserve Bank offering parallel cash, check, ACH, supervision, and research services to its regional membership.
- Federal Reserve Bank of Chicago: Seventh District Reserve Bank providing identical monetary policy, payments, supervision, and economic research functions to a Midwestern footprint.
- Federal Reserve Bank of Atlanta: Regional Federal Reserve Bank serving the Sixth District; operates similar payment, supervision, cash, and research services with comparable scale and scope.
- Federal Reserve Bank of Richmond: Fifth District Reserve Bank with the same core service portfolio as the SF Fed, including cash operations and economic research.
Broad incumbents
- European Central Bank: Foreign central bank peer with parallel mandate (price stability, payment systems, banking supervision) — useful comparison for digital euro, instant payments, and AI-driven supervision initiatives.
- Bank of England: Historic central bank peer operating monetary policy, payment systems (RTGS), and bank supervision — comparable scale of activities to the Federal Reserve System.
Others
- Board of Governors of the Federal Reserve System: The governing body of the U.S. central banking system that oversees the SF Fed and sets systemwide policy — adjacent enabler/regulator rather than a direct competitor.
Emerging players
- The Clearing House Payments Company: Operates CHIPS and the RTP real-time payments network — the principal private-sector competitor to FedNow and a peer in interbank payment infrastructure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Federal Reserve Bank social profiles
Digital presenceFederal Reserve Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Federal Reserve Bank leadership team
Management profileNumber of profiles
Profiles19 records
Federal Reserve Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
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Federal Reserve Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Federal Reserve Bank
What does Federal Reserve Bank do?
The Federal Reserve Bank of San Francisco operates as a regional central bank providing critical financial infrastructure and services within the Twelfth Federal Reserve District. Its core offerings include the FedNow instant payment network, cash currency distribution, check and ACH processing, bank supervision and examination, and economic research publications supporting monetary policy and the nation's financial system.
Is Federal Reserve Bank a public or private company?
Federal Reserve Bank is a private company. It is classified as state government owned and is currently operating.
When was Federal Reserve Bank founded?
Federal Reserve Bank was founded in 1913. It employs 1,001 to 5,000 people.
Where is Federal Reserve Bank based?
Federal Reserve Bank is headquartered in San Francisco, United States, in the North America region.
Who are Federal Reserve Bank's main competitors?
Direct peers on record are Federal Reserve Bank of New York, Federal Reserve Bank of Boston, Federal Reserve Bank of Cleveland, Federal Reserve Bank of Chicago, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Richmond. Broad incumbents are European Central Bank and Bank of England. Board of Governors of the Federal Reserve System is listed as an others. The Clearing House Payments Company is listed as an emerging player.
Does Federal Reserve Bank have an API?
Yes. FedNow is the Federal Reserve's instant payment network that enables financial institutions to provide consumers and businesses with the ability to send and receive payments in real time, 24 hours a day, 365 days a year. The network processes transactions through participating financial institutions.
What industry is Federal Reserve Bank in?
Federal Reserve Bank's product category is Central Banking. Its primary akta.pro industry code is FSAAAGAF, Central Bank Reserve Management, with a secondary code of FSAFAGAC, Securities Settlement Systems (SSSs) for Government & Central Bank Securities. Its NAICS code is 52111 and its SIC code is 6111.