We produce a wide range of publications that share the latest data, analysis, and insights from various teams at the SF Fed. Our publications help inform and strengthen public understanding of economic issues and its impact on people and communities.

Latest Beige Book

Summary of Commentary on Current Economic Conditions: Federal Reserve Bank of SF

Economic Research Publications

FRBSF Economic Letter >

Economic analysis for general audiences

  • Why Are Overall Profits Outpacing Financing Costs?

    Since the 1980s, decreasing interest rates have reduced the cost of financing for publicly traded corporations, which in turn has lowered their cost of capital by more than a third. Data show that their profits have likewise declined. At the same time, however, economy-wide corporate profits have increased substantially. Combining these data indicates that the increase in profits has instead gone to privately held companies. This implies that private companies have either increased their market power or their risk.

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FedViews >

Analysis of current economic developments and the outlook

  • FedViews: May 30, 2024

    Andrew Foerster, senior research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of May 30, 2024.

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Working Papers >

The latest in economic research

  • A Macro Study of the Unequal Effects of Climate Change

    This paper develops a macro heterogeneous-agent model to quantify the distributional impacts of higher temperatures in the US. Households adapt to temperature by using energy and equipment for heating and cooling. A key insight is that temperature acts as a transfer from nature, augmenting household income by the value of heating or cooling provided by nature. The welfare effects of climate change vary substantially with income, increasing welfare inequality in the colder parts of the US. This heterogeneity results from the effects of climate change on transfers from nature and on households’ extensive-margin decisions to purchase heaters and air conditioners.

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Community Development Publications

Community Development Innovation Review >

The Community Development Innovation Review focuses on bridging the gap between theory and practice, from as many viewpoints as possible. The goal of this journal is to promote cross-sector dialogue around a range of emerging issues and related investments that advance economic resilience and mobility for low- and moderate-income communities.

  • Fintech, Racial Equity, and an Inclusive Financial System

    Fintech, Racial Equity, and an Inclusive Financial System

    This issue of the Community Development Innovation Review examines the promise and pitfalls of financial technology, or fintech, for fostering racial equity and greater financial inclusion. Edited in partnership with the SF Fed’s Fintech team and Aspen Institute’s Financial Security Program, this issue brings together a broad set of voices from people working in various roles—including in technology, community development, economic inclusion, regulation, and investment—to contextualize gaps in the financial system and consider ways to address them.

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Community Development Research Briefs >

Research Briefs feature data and commentary on community development trends and issues.

Community Development Working Papers >

Working papers provide in-depth analysis of emerging community development issues from practitioners and scholars.

  • Housing Market Interventions and Residential Mobility in the San Francisco Bay Area

    Housing Market Interventions and Residential Mobility in the San Francisco Bay Area

    Limited evaluation research exists on which housing solutions are most effective in stabilizing communities so that those who wish to stay are able to do so in the midst of an influx of newcomers. This study seeks to fill this gap by assessing patterns of individual and household mobility related to specific housing interventions in the nine-county San Francisco Bay Area. Specifically, this study examines impacts of market-rate and subsidized development, and tenant protections, including rent stabilization and just cause for evictions protections.

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    View all Community Development Working Papers

Banking Publications

First Glance 12L >

These quarterly reports highlight key indicators of 12th District banking conditions.

Supervision in Brief >

This publication offers observations by the Head of Supervision of Financial Institution Supervision and Credit (FISC) on current banking and regulatory issues facing 12th District institutions.

Archived Publications

Asia Focus (Banking) >

Banks at a Glance >

District Circular Letters >

Fintech Edge >

Real Estate Lending Monitor >