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To promote low inflation, full employment and financial stability, and provide services to financial institutions and the Treasury

SF Fed Blog

Child Turning On Water Faucet

Wells, Central California Lending Run Dry

Thousands of residential wells ran dry in California’s Central Valley region during the state’s years-long drought, profoundly impacting lending.

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Economic Letter

The Slope of the Yield Curve and the Near-Term Outlook

Posted October 15, 2018

The yield spread between long-term and short-term Treasury securities is known to be a good predictor of economic activity, particularly of looming recessions. The recent flattening of the yield curve implies only a slightly elevated risk of a recession in the near term relative to any other month.

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In the News

From the President

Sustaining Growth: The Balancing Act

October 16, 2018

Figures presented during a lecture at Wellesley College
Wellesley, Massachusetts


Economic Outlook

Reuven Glick, group vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of October 11, 2018.

From the Board

Beige Book

September 12, 2018

Summary of Commentary on Current Economic Conditions by Federal Reserve District

What does an athlete with college baseball aspirations do when a back injury forces him to hang up his cleats at age 16? Anthony Kontilis applied his traveling baseball team's lessons in teamwork, ambition, and leadership to a career as an auditor.

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