Bank of San Francisco

Effects of Asset Valuations on U.S. Wealth Distribution

Net household wealth is highly unequal across U.S. households, and the types of assets people hold tend to change according to their position along the distribution of wealth. The pattern of household portfolios shows that the top 1% of households hold most of their wealth in stocks, while home values are most important for the wealth of the bottom half of the distribution. Higher growth in equity values relative to real estate values therefore tends to widen the wealth distribution, as experienced during the coronavirus pandemic.

Meet The MBA Class Of 2023: Pacesetters With a Purpose

Read more news, MBA rankings, and all things related to business education in the Poets&Quants section for Students

Meet the MBA Class of 2023: Jordan Bell, University of California Berkeley (Haas)

Meet the UC Berkeley Haas MBA Class of 2023 through in-depth profiles on the extraordinary students, their stories, and their dreams

Working from home and hybrid work is already transforming economies

Even in the 19th century, workers were beginning to resent the grind of office life.

The hybrid work revolution after Covid-19 is already transforming economies

Read more about The hybrid work revolution after Covid-19 is already transforming economies on Business Standard. While a more permanent transformation of working life will have painful consequences for many inner-city businesses, economists see a recalibration underway that can revitalize smaller towns, suburbs

Will remote work become the norm? Hybrid offices are transforming economies

Working from home around one day a week will boost productivity by 4.8% as the post-Covid economy takes shape, according to a recent study of more than 30,000 US employees co-authored by José María Barrero of Instituto Tecnológico Autónomo de México and others.

What Is Full Employment?

What is full employment? Answer by Mary C. Daly, President & CEO of the Federal Reserve Bank of San Francisco.

How Do Low and Negative Interest Rates Affect Banks?

Developed countries have recently turned to very low—even negative—interest rates to try to stimulate their economies. Low or negative rates can affect banks in novel ways because they often base their retail rates on the policy rate. In particular, the rate banks pay households for deposits usually remains at zero during times of low or negative policy rates, rather than falling together with the policy rate, as it would during normal times. This can decrease banks’ net interest margins, negatively impacting their profitability, equity, and ability to lend.

Yellen gets chance to shape Fed from outside

Quest Diagnostics Elects Tracey C. Doi To Board Of Directors

SECAUCUS, N.J., Aug. 17, 2021 /PRNewswire/ — Quest Diagnostics DGX, the world's leading provider of diagnostic information services, today announced that its

Labor Productivity in a Pandemic

U.S. labor productivity has grown quickly during the pandemic compared with the past decade. However, this rapid pace is unlikely to be sustained. Similar to the Great Recession, the primary reasons for strong productivity growth now are cyclical effects that are likely to unwind as the economy continues to recover. For example, the number of workers has fallen, so capital per worker has risen—raising labor productivity in the short term. What effect the pandemic itself might have on productivity remains uncertain.

Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco oversees banks in Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah and Washington.