Press Releases

Los Angeles, California  – The Federal Reserve Bank of San Francisco has re-appointed Steven W. Streit, founder and chief innovation officer of Green Dot Corporation, a financial technology and bank holding company in Pasadena, to its Los Angeles branch board of directors for a second three-year term. Steven W. Streit Download high resolution photo (jpg, 333 […]

Researchers from around the globe will convene at the San Francisco Fed tomorrow for the Federal Reserve System’s first research conference on the economic impacts of climate change. Attendees will discuss quantifying the climate risk faced by households, firms, and the financial system; measuring the economic costs and consequences of climate change; accounting for the […]

A new interactive mapping tool released today by the Federal Reserve Bank of San Francisco provides an in-depth look at student loan borrowing and repayment in the nine-county San Francisco Bay Area. The online mapping tool allows people to identify and analyze differences in student loan debt at a community-by-community level. Average median loan balances, […]

A new Federal Reserve Cash Product Office paper, “Cash Me If You Can: The Impacts of Cashless Businesses on Retailers, Consumers, and Cash Use” reviews why some businesses consider going cashless, and how these decisions impact financial inclusion and consumer choice. This paper draws on survey data from the Federal Reserve’s annual Diary of Consumer […]

San Francisco, California — The Federal Reserve Bank of San Francisco is pleased to announce membership and leadership appointments to the Bank’s Community Advisory Council (CAC). Terry Benelli, executive director, Local Initiative Support Corporation Phoenix, Phoenix, AZ has been appointed chair and Fred Blackwell, president, The San Francisco Foundation, San Francisco, CA has been reappointed […]

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Stein Kruse, group chief executive officer, Holland America Group and Carnival UK, Seattle, WA, has been appointed to the Bank’s Economic Advisory Council (EAC). Mr. Kruse joined Holland America in 1999 as senior vice president of fleet operations. He was named president […]

In a slight decrease from 2017, cash became the second most frequently used payment instrument in the nation next to debit cards, according to a new Federal Reserve report on the 2019 Findings from the Diary of Consumer Payment Choice. The report shows that consumers used cash for 26 percent of payments in 2018, a […]

Zip Code Economies podcast shares unique and diverse stories from micro-economies within the Twelfth District San Francisco, California — The Federal Reserve Bank of San Francisco is launching a new podcast, Zip Code Economies, hosted by the Bank’s President and CEO, Mary C. Daly. The weekly podcast series uncovers stories of hope in unlikely places […]

San Francisco, California – The Federal Reserve Bank of San Francisco today announced that Becky B. Potts has joined the Bank as the new regional executive of the Salt Lake City Branch. Becky B. Potts Download high resolution photo (jpg, 572 kb) Potts will be responsible for working with members of the business and banking […]

Federal Reserve Banks’ Small Business Report Finds Strong Revenue and Employment Growth with Profitability Similar to Prior Year; Financing Demand Stable, Requests to Online Lenders Notably Increasing The 12 Federal Reserve Banks today issued the Small Business Credit Survey: 2019 Report on Employer Firms, which examines the findings of an annual survey of small business […]