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Cascade: No. 68, Spring/Summer 2008

District News

Federal Reserve Chairman Ben S. Bernanke delivered a speech on “Mortgage Delinquencies and Foreclosures,” on May 5, 2008. Federal Reserve Governor Randall S. Kroszner gave a speech entitled “Mitigating the Impact of Foreclosures on Neighborhoods,” on May 7, 2008. Governor Kroszner also spoke on “Developing Sustainable Capital for Community Investments,” on April 21, 2008. The speeches may be found at External Link Select News and Events; Speeches. (Note: The Federal Reserve Board of Governors has an e-mail notification service that alerts subscribers to newly available testimonies, speeches, articles, reports, and other information. To subscribe, go to External Link Select News and Events; Services; e-mail notification.)

An article written by Tony E. Smith, Ph.D., University of Pennsylvania, and Marvin M. Smith, Ph.D., and John J. Wackes, of the Philadelphia Fed’s Community Affairs Department, “Alternative Financial Service Providers and the Spatial Void Hypothesis,” was published in the May 2008 issue of Regional Science & Urban Economics. To obtain a copy, contact

“Transit-Oriented Development in Philadelphia,” a report prepared by Econsult Corporation for NeighborhoodsNow, is available at External Link

A new centralized service has been established for consumer complaints and inquiries involving financial institutions. Complaints will be forwarded to the appropriate federal regulator. For information, go to, External Link (888) 851-1920, or A Spanish-language version is available through the website.

Stephanie A. Wall has been named senior vice president of community relations at Wachovia Bank and is based in Philadelphia.

Marilyn Jordan Taylor has been selected as the dean of the University of Pennsylvania’s School of Design. Taylor has most recently been a partner in charge of the urban design and planning practice at Skidmore, Owings and Merrill LLP. During a 35-year career with the firm, she led many of the firm’s largest and most complex projects around the world.

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Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies & Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6037 – phone
(215) 574-2512 – fax

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