Featured - Community Development Resources
Workforce development contributes to a strong economy by equipping workers to succeed in the labor market and supplying employers with quality talent. This framework, from the Dallas and Kansas City Feds, is designed to give banks—and organizations interested in partnering with them—tools and information to engage in workforce development activities in ways that may help them fulfill their obligations under the Community Reinvestment Act.
REGISTER NOW — Conversations from Thought Leaders on Economic Mobility: Reflections and Insights on Recent Research and Ideas
Join us for a Connecting Communities® webinar on Jan. 26 when speakers will engage in a thoughtful dialogue about economic mobility. Inspired by a collection of essays recently released by the St. Louis Fed and the Fed's Board of Governors, participants will reflect on the current state, existing challenges and opportunities that exist to shape a better future. Presenters include: Ray Boshara, director of the St. Louis Fed’s Center for Household Financial Stability; David Buchholz, deputy associate director of Consumer & Community Affairs at the Federal Reserve Board; Erin Currier, director of financial security and mobility at The Pew Charitable Trusts; and Nisha Patel, executive director of the US Partnership on Mobility from Poverty.
The Federal Reserve Board has released a new resource, Experiences and Perspectives of Young Workers. The December 2016 report provides a snapshot of the educational attainment, employment experience, labor market outlook, and financial self-sufficiency of 18- to 30-year-olds across the United States.
This new podcast asks community members and organizations across the U.S. about the challenges they are facing and what solutions they’ve found for important social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode will showcase successful program models that provide access to opportunity for low- and moderate-income individuals and families. The first episode, "Access to Affordable Consumer Credit," released in Dec. 2016, highlights an innovative small-dollar loan program. More episodes will be released in 2017.
This new publication includes papers originally presented at the ninth biennial Federal Reserve System’s Community Development Research Conference. The authors of the essays in this volume explore a range of issues and concepts central to understanding how—and how well—people are able to move economically.
The Federal Reserve System’s Tenth Biennial Community Development Research Conference on March 23–24, 2017, in Washington, D.C., will explore the theme of Strong Foundations: The Economic Futures of Kids and Communities. Register now to be part of this cross-sector event spotlighting high-quality, emerging research into the economic and social aspects of kids’ lives. Featured speakers include Federal Reserve Chair Janet Yellen and former Harlem Children's Zone CEO Geoffrey Canada.
Presentations and videos, as well as the 2016 National Survey of Community Banks, are now available from the 2016 Community Banking in the 21st Century Research and Policy Conference, hosted by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). Held Sept. 28-29, 2016, at the St. Louis Fed, research explored the continuing relevance and importance of the community bank business model; the relationship between community bank size and performance; and community bank regulatory issues. Speakers included Fed Governor Jerome Powell, Chicago Fed President Charles Evans, St. Louis Fed President James Bullard and CSBS Chairman/Texas Department of Banking Commissioner Charles Cooper. H.E. “Gene” Rainbolt, chairman, BancFirst Corporation, provided the evening keynote.
Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.
This short, seven-minute video highlights the purpose, application and importance of the Community Reinvestment Act (CRA), a law that helps bring billions of dollars in bank capital to low- and moderate-income communities every year. Understanding how this law works is essential for banks looking to make impactful loans and investments, non-profits seeking funding, and communities wanting to ensure their financial institutions are operating in fair and responsive ways. Learn how the CRA works and what it means for communities across the country.