The Bank has released June'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 46 states into the fourth quarter. Read the report.
The 2013 Federal Reserve Payments Study Detailed Report provides new information on card use by consumers and businesses, updated results on third-party payments fraud, new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers, and a summary of emerging payments likely to replace cash and checks. Read the report.
The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In June, the indexes increased in 42 states, decreased in three, and remained stable in five. Over the past three months, the indexes increased in 45 states, decreased in three, and remained stable in two. Read the report.
Manufacturing activity expanded in July, according to firms responding to the latest Business Outlook Survey. The diffusion index of current general activity increased from a reading of 17.8 in June to 23.9 this month. The index has remained positive for five consecutive months and is at its highest reading since March 2011. Firms were asked about the contribution of growth in export business over the past year. Read the report. Listen to the press conference.
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. Read the reports for Delaware , New Jersey , and Pennsylvania .
The Philadelphia Fed's 2013 annual report provides an overview of the 100-year history of the Federal Reserve System, including a chart comparing today's Federal Reserve with two prior attempts at American central banking. The report also contains messages from our president and first vice president as well as highlights of the Bank's achievements in 2013. Read the report.
A new longitudinal study by the Community Development Studies and Education Department evaluates the effectiveness of pre-purchase homeownership and financial management skills counseling. The study uses an experimental design to assess the influence of counseling on credit scores, total debt, and delinquencies in payments. Read the study.
The "Fed at 100" video commemorates the 100-year anniversary of the signing of the Federal Reserve Act of 1913. Watch employees, business and community leaders, and scholars share their unique perspectives about the history, mission, and future of the nation's central bank. Watch the video.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.
A monthly survey of manufacturers in the Third Federal Reserve District.
Predict the six-month growth rate of the state's coincident index.
Combine four state-level indicators to summarize current economic conditions in a single statistic.
Designed to track real macroeconomic activity at high frequency. Last updated on July 31, 2014.