The Federal Reserve helps by making the monetary policy. It does so in order to prevent the instance of a stagnant economy.
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Federal Reserve System
To explain, US bills aren't printed by each Federal Reserve Bank. They're all printed at a huge plant in Washington DC (and since 1991, a second facility in Fort Worth) operated by the Bureau of Engraving and Printing. Bills for each Federal Reserve district are shipped to that district's Federal Reserve bank which then distributes the notes to the commercial and retail banks it's responsible for. For prices and more information, please see the question "What is the value of a 1929 US 20 dollar Federal Reserve Note?"
The 1934 series only extends to the letter D. You may be confusing the series letter with Federal Reserve Bank letter, which is "E" for the Richmond Federal Reserve District.There's more information at the Related Question.Note that the bill was actually printed in Washington; the Richmond district ordered it and distributed it.
$15 to $35 depending on its condition
Your bill was distributed by the Federal Reserve Bank of San Francisco but like all US bills at that time, it was printed in Washington DC. Please see the Related Question for details about prices and conditions.