Press Releases

SAN FRANCISCO – The Federal Reserve Bank of San Francisco (12th District) has announced the reappointment of Nandita Bakhshi, president and chief executive officer of Bank of the West and co-chief executive officer of BNP Paribas USA Inc., to represent the 12th District on the Federal Advisory Council for another one-year term beginning January 1, […]

SAN FRANCISCO – The Federal Reserve Bank of San Francisco has announced new leadership designations and appointments to its Head Office Board of Directors, effective January 1, 2022. Tamara Lundgren, chairman, president and chief executive officer of Schnitzer Steel Industries, Inc. in Portland, Oregon, is now the chair of the San Francisco Head Office Board […]

SAN FRANCISCO – The board of directors of the Federal Reserve Bank of San Francisco has appointed Sarah Devany first vice president and chief operating officer, effective Dec. 1. Devany’s appointment, which was approved by the Board of Governors of the Federal Reserve System, makes her the number two ranking officer of the San Francisco […]

SAN FRANCISCO – The ways U.S. consumers use cash and other payment methods continue to show the marks of the COVID-19 pandemic, with households holding modestly higher amounts of cash while also migrating toward not-in-person payments, according to a recent survey conducted by the Federal Reserve System’s Cash Product Office (CPO) and the Federal Reserve […]

SAN FRANCISCO—The Federal Reserve Bank of San Francisco is partnering with the Aspen Institute to host “Fintech, Racial Equity, and an Inclusive Financial System,” a panel event and publication exploring the most pressing questions about how the push for racial equity intersects with financial technology. The event will take place on August 25, 2021. Registration […]

SAN FRANCISCO – The Federal Reserve Bank of San Francisco’s board of directors today announced the search for the Bank’s first vice president and chief operating officer. The incumbent, Mark A. Gould, was recently named the Federal Reserve System’s first chief payments executive. The first vice president and chief operating officer is integral to the […]

SAN FRANCISCO – The Federal Reserve System’s Cash Product Office has released a report in its ongoing research on payment habits of the U.S. population. Changes in payment preferences due to the COVID-19 pandemic are reflected in a surge of non-in-person payments over the past year. The use of cash appeared to rebound during the […]

SAN FRANCISCO ­– Advance registration is now open for the third installment of the Federal Reserve Bank of San Francisco’s ongoing virtual series, The New Future of Work. On March 22, Mary C. Daly, president and CEO of the Federal Reserve Bank of San Francisco, will moderate a discussion about the future of education, exploring […]

New podcast episodes reveal diverse stories of hope from micro-economies within the Twelfth District during the pandemic SAN FRANCISCO — The Federal Reserve Bank of San Francisco is launching a special edition of Zip Code Economies, a podcast hosted by the Bank’s President and CEO, Mary C. Daly. Season 1.5 of Zip Code Economies uncovers […]

SAN FRANCISCO –Consumers continued to increase the amount of cash they are carrying and/or storing, while nearly 80 percent of respondents who made in-person purchases did not indicate that they were avoiding or averse to using cash during the COVID-19 pandemic. These are two prominent findings from the most recent consumer survey conducted jointly by […]