Protesters cleared from outside SF Federal Reserve Bank

DAN MCMENAMIN/ Bay City NewsA group protesting the policies of the Federal Reserve

A group of protesters was peacefully removed Monday after camping overnight outside the Federal Reserve Bank of San Francisco to mark the 100th anniversary of the federal agency's creation.

Police began removing the group about 7 a.m. from outside the building, located at 101 Market St., police Officer Gordon Shyy said. There were no arrests made or citations issued, he said.

“Everyone left willingly,” he said.

The group, which included members of Occupy San Francisco, was criticizing the policies of the Federal Reserve, which was created Dec. 23, 1913, and sets the nation's monetary policy and helps regulate banking institutions.

Rick Flicek, a member of Occupy SF, said, “They play funny with people's loans” and, “Our money's only worth what they tell us.”

Flicek said there should be more transparency in the workings of the Federal Reserve.

“We just want money to be out of a private bank that is federal in name only,” he said.

The group used chalk to draw a mock version of a Monopoly game board on the sidewalk in front of the building, but a Department of Public Works employee hosed it off Monday morning.

Flicek said more than 100 people gathered for a 5 p.m. rally at the same spot.

Bay Area NewsFederal Reserve Bank of San FranciscoOccupy San FranciscoSan Francisco Police Department

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Two new contractors charged with bribery in Nuru scandal

Two construction executives are facing federal bribery charges for allegedly giving former… Continue reading

S.F. museums to reopen to the public

Visitor capacity limited to 25 percent as safety measure

Small businesses in limbo as end of eviction moratorium nears

Many commercial tenants ‘teetering on the edge,’ unable to pay rent

Despite long run of ‘Spare the Air’ days, free transit remains a rarity

In response to weeks of unhealthy air quality caused by smoke from… Continue reading

City hopes to convert Granada Hotel to supportive housing

State grant could allow purchase of 232-unit Lower Nob Hill SRO

Most Read