Article
Fintech Conference Explores Innovations, Regulation, and the Future of Finance
The Philadelphia Fed’s Ninth Annual Fintech Conference took place on November 12 and 13. This conference series helps lead the conversation on what financial innovations mean for the future.
Featured Work
Article
Do Decentralized Ownership and Token-Based Financing Make Digital Platforms More Efficient?
Research in Focus — Joseph Abadi of the Philadelphia Fed and his coauthor compare traditional digital platforms with innovative ones whose tokens can be used for transacting and governance.
Working Paper
Underwater: Strategic Trading and Risk Management in Bank Securities Portfolios
WP 25-31 – We use bond-level data to study how U.S. banks manage their securities portfolios — focusing on the period of rapidly changing interest rates in 2022–23 — and examine the role of financial and regulatory frictions in shaping bank behavior.
Article
Banking Trends: Synthetic Risk Transfers
Economic Insights — Many U.S. banks use complex financial transactions to optimize capital and hedge possible credit losses, but not without risks.
Featured Data
Institutions in the Third District
This interactive tool summarizes information about banks and holding companies within the Third District (comprising eastern and central Pennsylvania, southern New Jersey, and Delaware) and provides each institution’s location and asset size as of the most recent quarter.
Updated: 14 Nov ’25
Third District Banking Conditions
Third District Banking Conditions is a semiannual report comparing the trends of Third District community banks with their national peers.
Updated: 15 Sep ’25
Large Bank Credit Card and Mortgage Data
The Large Bank Consumer Credit Data are based on Y-14M credit card and mortgage data provided by the largest financial institutions in the United States.
Updated: 17 Oct ’25