The Federal Reserve Board is now accepting Statements of Interest from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The formation of the CAC was announced in January 2015. The council will advise the Board on issues affecting consumers and communities and will complement two of the Board's other advisory councils--the Federal Advisory Council and the Community Depository Institutions Advisory Council--whose members represent depository institutions.
The Dallas Fed, in partnership with Southern Methodist University, invites paper submissions for an upcoming program evaluation conference to be held November 16–17 in Dallas. Selected papers will also be featured in a special issue of Empirical Economics, subject to the usual referee process. The abstract submission deadline is June 15.
The Federal Reserve Board published a new report, Consumers and Mobile Financial Services 2015. This is the fourth Board report on the use of mobile financial services and reports how consumers access their bank’s services using mobile phones (“mobile banking”), how they make payments for goods and services using mobile phones (“mobile payments”), as well as their use of mobile phones to inform their shopping and other financial decisions.
The 2015 Policy Summit on Housing, Human Capital and Inequality, slated for June 18–19 in Pittsburgh, will examine how economic growth can more equitably benefit low- and moderate-income individuals and communities. This forum features experts from across the nation who will present the latest research and field initiatives on topics related to equitable development. Who should attend? The event draws hundreds of academics, bankers, elected officials, funders, practitioners and policymakers from across the eastern United States.
Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.
Interested in learning about the Fed’s recent joint small business credit survey? During this April 30 Connecting Communities® webinar, members of the survey team will discuss its results and present findings that provide insight into the dynamics behind aggregate lending trends. Experts include Claire Kramer Mills, assistant vice president at the New York Fed, and Theresa Singleton, vice president at the Philadelphia Fed.
How important is it for community college students to be financially capable? Consider that community colleges enroll nearly half of all U.S. undergraduates, many of whom are from disadvantaged backgrounds, and that financial challenges often disrupt their educational progress and impede prospects for future financial wellness. As part of its efforts to help promote the financial stability of New England’s low- and moderate-income (LMI) residents, the Boston Fed is working with regional community colleges to help students manage their financial lives effectively. In its new handbook, Promoting Pathways to Financial Stability, the Boston Fed describes the importance of this work and shares related experiences of institutions in different parts of the country. The handbook is a resource for community college personnel, potential partners, and supporters with an interest in building the capacity of students to navigate financial challenges and plan for their future.
This first essay in the Center for Household Financial Stability’s “Demographics of Wealth” series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.