Contributor: San Francisco Fed

Perspectives from Main Street
By Nishesh Chalise, Violeta Gutkowski
The spread of COVID-19 and the many efforts to slow it are impacting communities throughout the nation. To best respond to this crisis, information is needed about the scope and scale of challenges in various communities. This report offers findings of a survey designed to collect information on the effects of COVID-19 on low- to moderate-income people and communities and the entities serving them. The survey was fielded by eight national partners and the Federal Reserve System's community development function.
Diverse group of employees taking notes
By Federal Reserve Community Development Staff
Imagine that racial and gender gaps no longer exist in the labor market. Would economic benefits extend beyond people no longer facing disparities?
CRA Building Blocks for Change
By Laurel Gourd, Maria Villanueva
In the 40+ years since the CRA was enacted in 1977, the way banking is conducted has changed. It's just one reason the Fed is looking to update the regulation we use to evaluate banks under the law.
CRA Building Blocks for Change
By Laurel Gourd, Maria Villanueva
Congress enacted the Community Reinvestment Act in 1977, requiring banks to reinvest in the communities in which they operate. Here's why the law was needed and why it's still relevant today.
Perspectives from Main Street
By Nishesh Chalise, Daniel Paul Davis, Michael Grover, Violeta Gutkowski, David Kaufmann, Karen Leone de Nie
Throughout 2020, the Federal Reserve surveyed nonprofits, financial institutions, government agencies, and other community organizations to understand the effects of COVID-19 on low- to moderate-income communities and the entities serving them. Here's what they found.