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The Federal Reserve Bank of San Francisco Los Angeles Branch is one of four branches of the Federal Reserve Bank of San Francisco. [1] The branch is located in Los Angeles, and opened in January 1920. [2] [3] [4]
The Federal Reserve Bank of San Francisco, Los Angeles Branch, is a historic building that once served as offices for the Los Angeles branch of the Federal Reserve Bank of San Francisco. The structure is located on West Olympic Boulevard and South Olive Street in southern Downtown Los Angeles .
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. [ 1 ]
The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the federal bank for the twelfth district in the United States.The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus the Northern Mariana Islands, American Samoa, and Guam.
There were 25 branches but in October 2008 the Federal Reserve Bank of New York Buffalo Branch was closed. List of Federal Reserve branches [ 1 ] [ 2 ] Map of the twelve Federal Reserve Districts, with the twelve Federal Reserve Banks marked as black squares, and all Branches within each district (24 total) marked as red circles.
James C. Corman Federal Building, 6230 Van Nuys Blvd. at Van Nuys Government Center, opened 1974 [5] Federal Reserve Bank of San Francisco, Los Angeles Branch, 409 W. Olympic Blvd., opened 1929, NRHP, original building is now residential, bank operations are in 1988 building next door