Featured - Community Development Resources

Following the Money

Interested in exploring how grant capital to support community and economic development is distributed across metropolitan areas in the United States? Check out this new data tool: Following the Money. Based on data provided by the Foundation Center that captures all grants of at least $10,000 made by the 1,000 largest foundations between 2008 and 2013, the Following the Money data tool and infographic report provide a comprehensive look at the data from more than 366 U.S. metropolitan areas. Interactive data and results from the analysis are provided by the Federal Reserve Banks of Atlanta and Philadelphia.

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posted 09/15/2016 by Philadelphia, Atlanta

Consumer Credit Explorer

Interested in learning consumer credit trends in your region? The Consumer Credit Explorer (CCE) is a new interactive tool for examining trends in consumer credit use at the regional, state, and national levels. The CCE enables users to look at quarterly changes in credit use indicators from 2005 to 2015 and to compare indicators across different areas. Check out the CCE and examine key credit use indicators related to mortgage debt, auto debt, student loan debt, debt collections, and others. Users can view these indicators by borrowers’ neighborhood income, credit score, and age.

posted 07/19/2016 by Philadelphia, Minneapolis

CRA Final Revisions to Interagency Questions and Answers

The Federal Reserve and other bank regulatory agencies with responsibility for the Community Reinvestment Act (CRA) rulemaking published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment". The document provides additional guidance to financial institutions and the public on the agencies' CRA regulations.

posted 07/15/2016 by Board of Governors

Closing the Digital Divide: A Framework for Meeting CRA Obligations

Access to broadband has become an essential component of economic opportunity and financial well-being, yet there is a significant digital divide in many underserved communities.This Dallas Fed publication is a practical guide for financial institutions that shows how digital inclusion can improve the lives of low- and moderate-income individuals who have limited access to broadband infrastructure. It presents best practices and information on lending, services and investments that can help close the digital divide and contribute to an inclusive and vibrant entrepreneurial economy.

posted 07/20/2016 by Dallas

Federal Reserve Community Development Perspectives

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.

posted 07/23/2014 by Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, San Francisco, Board of Governors