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It was November 1914 when the Federal Reserve Bank of San Francisco first opened its rented office in the back of the old Merchants National Bank. The Federal Reserve Act of 1913 called for the establishment of 12 Federal Reserve Banks throughout the nation in order to create a more stable and secure financial system. But how did San Francisco become the headquarters of the massive Twelfth Federal Reserve District? The Gold Rush, the 1906 Earthquake, San Francisco?s natural assets, and financial panics that make the Great Recession of the 21st century look like a blip?all of these contributed to San Francisco?s evolution as the top candidate to serve as district headquarters.

It was November 1914 when the Federal Reserve Bank of San Francisco first opened its rented office in the back of the old Merchants National Bank. The Federal Reserve Act of 1913 called for the establishment of 12 Federal Reserve Banks throughout the nation in order to create a more stable and secure financial system. But how did San Francisco become the headquarters of the massive Twelfth Federal Reserve District? The Gold Rush, the 1906 Earthquake, San Francisco?s natural assets, and financial

Documents

- 5 Fintech Trends Shaping Finan..

Documents

- 5 Fintech Trends Shaping Finan..