History of the Federal Reserve Bank of San Francisco

I want to know the history of Federal Reserve Bank of San Francisco so can you please tell me?

[Shaleen]

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 San Francisco Federal Reserve Bank was established for business in rented quarters at the rear of the Merchants National Bank on November 16, 1914, in order to make the reserve provisions of the Federal Reserve Act. in 1924

The San Francisco staff moved into the Bank's newly built headquarters at 400 Sansome Street, a location that it would occupy for the next 60 years.

In 1983, the bank relocated to 101 Market St.

The Federal Reserve Bank of San Francisco has branch offices in Los Angeles, Portland, Salt Lake City, and Seattle.

The Federal Reserve Bank of San Francisco is the second-largest by assets held, after New York.

The current president, appointed in 2011, is John C. Williams.

The Federal Reserve Bank in San Francisco has one of the largest collections of U.S. paper money in the United States