
Report
LIFE Survey Report – April 2025
This report is part of a quarterly series on key observations from the Labor, Income, Finances, and Expectations (LIFE) Survey. Data from the survey provide insight into consumers’ recent financial lives and their future expectations.

About
Meet Our Next President: Anna Paulson
17 Apr ’25
After a nationwide search, the Federal Reserve Bank of Philadelphia has selected Anna Paulson to serve as the next president and chief executive officer. Her term will begin on July 1, 2025.

Working Paper
The Bronx Is Burning: Urban Disinvestment Effects of the Fair Access to Insurance Requirements
WP 25-16 – This study examines the consequences of FAIR plans in the 1960s and 1970s. Though meant to address insurance redlining, these plans unintentionally created moral hazard, leading to housing disinvestment and neighborhood change.
The Economy
A source for Philadelphia Fed research, data, and perspectives on labor markets and economic opportunity.
May 2025 Nonmanufacturing Business Outlook Survey
20 May ’25
A monthly survey of nonmanufacturers in the Third Federal Reserve District

Article
Piped Water and Sewer Access: Measuring Its Benefits for 19th Century Chicago and Its Relevance Today
14 May ’25
Research in Focus — Using land values, Allison Shertzer of the Philadelphia Fed and her coauthors estimate the benefits of piped water and sewers in 19th century Chicago, with broader applicability.
Annual Report
2024 Annual Report
15 May ’25
In our 2024 Annual Report, we look back on some of our key research and outreach initiatives from the year. As part of a special video message, President Patrick T. Harker reflects on some of the Philadelphia Fed’s accomplishments and milestones, and First Vice President Jeanne R. Rentezelas writes about our commitment to serving the Third District.