Blake Prichard, first vice president and chief operating officer of the Federal Reserve Bank of Philadelphia, has announced his plans to retire on February 29, 2016, after more than four decades of service to the Federal Reserve System. Read the release.
September 3, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 8/29/2015.
September 2, 2015 — The Federal Reserve Board of Governors has released the Beige Book. The Beige Book is a summary of anecdotal information on current economic conditions in each of the 12 Federal Reserve Districts. See the Philadelphia summary.
August 28, 2015 — The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through July 2015; quarterly data for house prices through the second quarter of 2015; and personal income through the first quarter of 2015. Read the reports for Delaware , New Jersey , and Pennsylvania .
August 28, 2015 — The Bank has released July’s leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 47 states into the first quarter of 2016. Read the report.
August 28, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on real personal income less transfer payments for July 2015 and real manufacturing and trade sales for June 2015.
August 27, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis's release today of quarterly data from the national income and product accounts.
August 27, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 8/22/2015 and real GDP for the second quarter 2015 (second release).
August 26, 2015 — The Bank has released the July state coincident indexes, which measure current economic activity in each of the 50 states. This month’s coincident indexes suggest expansion in 43 states. Read the report.
August 25, 2015 — The pace of regional nonmanufacturing activity in August improved somewhat but remained subdued, according to firms responding to the latest Nonmanufacturing Business Outlook Survey. Firms also reported increases in new orders, sales, and employment, overall. Read the report.
Responses from 38 service providers to low- and moderate-income (LMI) households in the region suggest that job availability continued to improve for the fifth consecutive quarter, according to the Bank’s Second Quarter 2015 Community Outlook Survey. Additionally, LMI households’ financial well-being, access to credit, and availability of affordable housing reflected gradual stabilization. Read the Community Outlook Survey.
August 20, 2015 — Manufacturing activity improved in August, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity increased from 5.7 in July to 8.3 this month. Read the report.
August 20, 2015 — Why has labor’s share of national income been declining steeply? Why are more college-educated workers gravitating to large metropolitan areas? And the inaugural Banking Trends explores why small banks in the tristate area differ from those elsewhere. Download the entire issue.
August 20, 2015 — Small banks headquartered in the tristate area differ from small banks in other regions of the country in some puzzling ways. In the debut issue of Banking Trends, James DiSalvo and Ryan Johnston examine what regional market forces may affect bankers here. Download the issue.