The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumer and Banking Information

The Federal Reserve Bank of San Francisco

FRBSF Highlights


	Five Tips for Shopping for a Mortgage This guide is designed to help homebuyers find the mortgage that is best for them, avoid potential pitfalls and make well-informed decisions when choosing a home loan. (learn more) (offsite)

	Five Tips for Avoiding Foreclosure Scams Reports of mortgage foreclosure scams are on the rise. Knowing what to watch for and where to turn for help is vital for families who are struggling to remain in their homes. (learn more) (offsite)

	TV Forum Features Fed Chair Bernanke Fed Chairman Ben Bernanke is featured in a televised town hall meeting broadcast on PBS. The meeting aired in three parts during The NewsHour with Jim Lehrer. (learn more) (offsite)

	Need to know about California's registered warrants? Please view these sources of information published by the Federal Reserve, as well as Frequently Asked Questions published by the California State Controller's Office. (learn more)

Outlook for the U.S. Economy and Community Banks

Presentation to the Oregon Bankers Association Annual Convention with
the Idaho Bankers Association
Coeur d’Alene, Idaho
July 28, 2009

Growth Accounting, Potential Output, and the Current Recession

Total factor productivity—a measure of the efficiency with which labor and capital are used—has fallen during the current recession. But, after adjustment for lower utilization of labor and capital, such productivity has risen strongly over the past two years. These growth accounting measures suggest that efficiency gains have continued during the recession, boding well for long-term economic growth.
Fernald and Matoba :: 2009-26

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.