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Report
An overview of our 2015 Annual Report. John Williams, president and chief executive officer, and Mark Gould, first vice president, welcome you to the San Francisco Fed’s 2015 annual report, “What We’ve Learned…and why it matters”
In our 2015 annual report, What We've Learned?and why it matters, we reflect on the Federal Reserve Bank of San Francisco's efforts to create a growing, sustainable economy for everyone. The report looks across teams and disciplines, from economic research to human resources, shedding light on various points of view and approaches to our work. You?ll see the faces and hear the voices of San Francisco Fed employees from across functions?curious people who are committed to learning and to public service. It's an honest look back at what we?ve learned and why it matters.
Report
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 ...