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Monday, November 24, 2014

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Bank Launches Web Pages for Its Program in Consumer Credit & Payments

For immediate release
Contact: Katherine Dibling, E-mail Public Affairs Specialist, (215) 574-4119

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The Federal Reserve Bank of Philadelphia today introduced new web pages showcasing its Program in Consumer Credit & Payments. “These new web pages offer a one-stop resource for all of the Philadelphia Fed's published research and statistics on consumer credit and payments,” said Bob Hunt, vice president and director of the Bank’s Payment Cards Center.

New features include a searchable publications library, access to Bank podcasts, a catalogue of previous and upcoming events, and a page listing the Bank’s subject matter experts together with links to web pages summarizing their research.

The purpose of these pages, according to Hunt, is “to make our research more accessible to the public and to provide additional opportunities for dialogue and collaboration among people interested in these topics.”

The Program in Consumer Credit and Payments is coordinated by the Payment Cards Center. “It is a Bank-wide effort to leverage our resources and analytical talent to advance the understanding of these markets and related policy issues,” says Hunt. Contributors to the program include more than 40 economists, visiting scholars, industry specialists, and senior analysts in several departments across the Bank, including Community Development Studies and Education, Research, Supervision, Regulation and Credit, and the Payment Cards Center.

In addition to the new features, these web pages highlight one of the Payment Cards Center’s most popular resources, its Consumer Credit and Payments Snapshots. These two web pages present current and historical data on several dozen variables. The first snapshot highlights consumer credit data at the aggregate and family level, as well as data on credit conditions and loan performance. The second snapshot highlights data on consumer payment choice and usage. This content is updated quarterly. All the variables are thoroughly documented, and links to the original sources are provided. In addition to easy-to-read graphs and tables, the underlying data can be downloaded in spreadsheet form.

The new Consumer Credit and Payments pages will be updated regularly, and new features and data will be introduced over time. In addition, the Payment Cards Center will continue to maintain its own web pages, which feature the research and expertise of its industry specialists and visiting scholars and events sponsored by the center.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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