Federal Reserve Bank of San Francisco

Stablecoin Issuers’ Growing Appetite for Treasury Securities

Over the past 20 years, the share of U.S. debt held by foreigners has fallen substantially. Demand for U.S. debt has partly ...
Federal Reserve Bank of San Francisco

Inside the vault: A rare look at where the Bay Area’s cash lives and dies

The SF Fed's Michael Fernandez and Brian Weaver discuss the bank's cash operations with the San Francisco Standard.
Federal Reserve Bank of San Francisco

The Opportunity for Alignment: OZ Investments and the Community Reinvestment Act

This article examines the geographic and policy overlap between Opportunity Zones and the Community Reinvestment Act, ...
San Francisco Fed

Industry-Level Growth, AI Use and the U.S. Postpandemic Recovery

Output in the United States exhibited strong growth in 2023 and 2024, returning to its prepandemic trend. This comeback stands in contrast to the experience of many other countries—for example, output ...