Image of a hand holding a phone displaying a digital wallet next to an ATM.

Banking and Financial Markets

Working Paper

Who Remains Unbanked in the United States and Why?

WP 25-02 – This paper conducts a detailed exploration of the factors associated with unbanked status among U.S. households and how these relationships evolved between 2015 and 2019.

Federal Reserve Bank of Philadelphia building seen from 6th Street.

About Us

About

Presidential Search

The Federal Reserve Bank of Philadelphia has initiated a nationwide search for its next President and CEO. Learn more about how we are ensuring an open, transparent, and inclusive search, get the latest information and news, and find out how you can be involved.

The Economy

Article

Missed Rent: Path to Eviction or Loan from Landlord?

Economic Insights — Every year, over a million renters, mostly low income, face eviction. To evaluate policies designed to protect these households, we need to understand why they miss rent in the first place and how landlords respond to policies.

Aruoba-Diebold-Scotti Business Conditions Index

An index designed to track real business conditions at high observation frequency

Close up photo of papers spread out on a table and the hands of two people working on the documents.

Delayed Sampling of Recent Immigrants in the Current Population Survey

Research Brief — We show that the Current Population Survey (CPS) undercounts immigrants for up to five years after arrival. We provide methods to interpolate year of immigration and correct for undercounting by upweighting recent immigrants observed in the CPS.

About Us

News Release

Philadelphia Fed Announces New Members, New Deputy Chair of its Board of Directors

Kisha Hortman Hawthorne was appointed as a Class C director, Brian W. Jones was appointed as a Class A director, and Sharmain Matlock-Turner was appointed as a Class B director. William Lo was named deputy chair and Anthony Ibargüen was renamed chair.

Event

Apr

22-23

2025

Economic Mobility Summit

Philadelphia