BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The San Francisco Federal Reserve Bank serves the Twelfth Federal Reserve District, which consists of Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, Washington, Guam, American Samoa, and the Northern Mariana Islands.

Detailed explanation-2: -The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

Detailed explanation-3: -San Francisco is the headquarters of the Twelfth Federal Reserve District, which includes the nine western states-Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington-plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.

Detailed explanation-4: -The Fed’s structure was established in the Federal Reserve Act of 1913. As shown in the map below, the System has 12 regional banks that are named after the city in which the bank’s head office is located. The banks are overseen by the Fed’s Board of Governors in Washington, D.C.

Detailed explanation-5: -Structure and Function The 12 Federal Reserve Banks and their 24 Branches are the operating arms of the Federal Reserve System. Each Reserve Bank operates within its own particular geographic area, or district, of the United States.