Annual Report of the National Earthquake Hazards Reduction Program: To Accompany the President's Budget Request to Congress for Fiscal Year 2008, March 2007 [open pdf - 1MB]
"Earthquakes represent the largest single potential source for casualties and damage from a natural hazard in the United States. Although damaging earthquakes occur infrequently, they strike without warning, resulting in catastrophic consequences. 'When the Big One Strikes Again,' a regional scenario developed for last year's Quake '06 conference, projects that the 1906 San Francisco Earthquake, if it would occur today, would affect nearly 10 million residents within a 19 county area and would cost between $90 and $120 billion to repair or replace more than 90,000 damaged buildings and their contents. Depending upon when the earthquake occurs--day or night--building collapses would cause 800 to 3,400 deaths. Although earthquakes cannot be prevented, their impact on life and property can be managed to a large degree. The National Earthquake Hazards Reduction Program (NEHRP), which is authorized by the Earthquake Hazards Reduction Act of 1977, as amended, seeks to mitigate earthquake losses in the United States through both basic and directed research and implementation activities in the fields of earthquake science and engineering. […] This report to Congress describes the achievements of the NEHRP agencies and their partners in Fiscal Year (FY) 2005 and FY 2006 in mitigating earthquake losses nationwide."