2007 Annual Report: The Subprime Mortgage Market Learn about the factors that led to the subprime mortgage crisis, the impact of these developments on the nation and the Twelfth District, and "lessons learned" that may contribute to financial market stability going forward. Find out about the major foreclosure prevention initiative the Community Development department launched in 2007 to understand the impact of the crisis on low- and moderate-income borrowers and neighborhoods and help homeowners in hard-hit communities avoid foreclosure.
Discount Rate Change
The Board of Governors approved a 25-basis-point decrease in the discount rate to 2 1/4 percent. (more)
Foreclosure Mitigation Resource Center
For the latest information on the Federal Reserve's efforts to mitigate the impact of foreclosures, including local data presentations and research reports, visit our new Foreclosure Mitigation Resource Center.
Asian Banking and Finance Conference
Please join the Federal Reserve Bank of San Francisco for our annual Asian banking and finance conference on The Changing Landscape: Asia's Role in Global Finance.
This Letter examines what the data say about the relationship between the degree of competition in and total volume of small business lending in local geographic banking markets.
—Laderman; 2008-15
About
the Federal Reserve Bank of San Francisco One of twelve regional Federal Reserve Banks across the U.S. that, together
with the Board of Governors in Washington, D.C., serve as our nation's central bank.
Areas Served:
Offices:
Alaska
Arizona
California
Hawaii
Idaho
Nevada
Oregon
Utah
Washington
American Samoa
Guam
Northern Mariana Islands
Los Angeles
Portland
Salt Lake City
San Francisco
Seattle
Phoenix
The largest District, it covers 36 percent of the nation's landmass, ranks
first in the size of its economy, and is home to approximately 20 percent of the nation's population.
