What we’ve learned ... and why it matters. 2015 Annual Report President's Letter
2015 Annual Report President's Letter. Report consists of web-text, videos and podcasts, available at: http://www.frbsf.org/our-district/about/annual-report/annual-report-2015/#toc
A diverse landscape
Health and prosperity. Health and community prosperity are intrinsically linked. SF Fed Community Development’s Ian Galloway sits down with President John Williams to discuss the issue
In reflecting on community development trends for the 2015 annual report, What We've Learned?and why it matters, one of our biggest learnings is to advocate for health and community development organizations to share data with each other. Health often determines if an individual has a job or access to educational opportunities, making it a strong predictor of economic prosperity. A more holistic, collaborative approach to improving health?especially in areas with low-income households?can result in significantly better outcomes for individuals and for communities.
The future of cash. Claire Wang and Doug Conover from the Federal Reserve's Cash Product Office discuss cash use and innovation in cash processing technology with First Vice President Mark Gould
An important role of the Federal Reserve is to maintain the quality and integrity of U.S. currency. The Cash Product Office has learned through its Diary of Consumer Payment Choice research that cash continues to play a key role in consumer spending. We've found that even if cash use were to decline 2 percent over the next 20 years, the Federal Reserve would still be counting 20 billion notes. For the 2015 annual report, What We've Learned...and why it matters, we understand that Reserve Banks will continue to process and count an extremely high volume of cash. In serving financial ...
The fragility of finances. SF Fed Community Development's Laura Choi talks with President John Williams about creative placemaking, a neighborhood revitalization strategy that engages local artists and performers
In the 2015 annual report, What We've Learned...and why it matters, we discuss creative placemaking, a new concept that refers to the enhanced role art plays in our communities. We've learned that creating culturally relevant spaces, ones that are vibrant and attractive, increases a community?s economic potential. Creative placemaking taps into local artists and communities, ensuring culturally significant voices are represented and reflected.
Cash is dead! Long live cash! : annual report essay
In an essay in the 2012 Annual Report, San Francisco Fed President and CEO John C. Williams explains why currency in circulation is soaring at the same time Americans are turning away from cash to pay for purchases. He also looks at the future demand for cash and the role the San Francisco Fed plays to help the Federal Reserve distribute currency and ensure enough is in circulation.
Transforming financial services. Banking supervision’s Tracy Basinger explains why the intersection of finance and technology–fintech–is a matter of great importance and interest to the Fed
Innovations in technology are transforming relationships between the Fed, the banks we supervise, and their customers. In our 2015 annual report, What We've Learned?and why it matters, we explain how the Fed is poised to evolve alongside fintech innovations.