The SF Fed is a nonprofit public service institution that supports the economy through research, community development, and banking supervision.

6. Locations: Headquartered in San Francisco, we have branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, as well as a cash processing center in Phoenix.

The Economic Research Department conducts research on a wide range of topics in support of the Federal Reserve’s policy and public outreach functions.

Apr 18, 2024 · Proxy Funds Rate. The Proxy Funds Rate uses a broad set of financial market indicators to assess the stance of monetary policy. The proxy rate can be interpreted as indicating what federal funds rate would typically be associated with prevailing financial market conditions if the federal funds rate were the only monetary policy tool being used.

Careers. Join our team of economists, cash processors, bank supervisors, cloud engineers, and more.

The primary way supervisors, also known as examiners, do their job is through financial institution examinations and inspections. An examination is a review and evaluation of a bank’s activities, risk management, financial condition, and other aspects of their operations, such as compliance with consumer regulations.

This data series is part of the Center for Monetary Research. Monetary Policy Surprises data capture the exogenous changes in interest rates over tight windows around the monetary policy announcements of the Federal Open Market Committee (FOMC).

Chart 1: Daily News Sentiment Index: Historical View. Note: Chart 1 shows moving averages of daily news sentiment scores since 1980; higher values indicate more positive sentiment, and lower values indicate more negative sentiment.

The Proxy Funds Rate uses a broad set of financial market indicators to assess the stance of monetary policy. The proxy rate can be interpreted as indicating what federal funds rate would typically be associated with prevailing financial market conditions if the federal funds rate were the only monetary policy tool being used.

The SF Fed is dedicated to building a stronger economy for all Americans. To advance this mission, the Bank provides a variety of financial services that promote a safe, sound, and stable banking and financial system.