Changing Financial Markets and Community Development

A Federal Reserve System Community Affairs Research Conference

Proceedings of a Conference
Held in Washington, D.C.
April 5-6, 2001

Editors
Jackson L. Blanton
Vice President and Community Affairs Officer
Federal Reserve Bank of Richmond

Alicia Williams
Vice President and Community Affairs Officer
Federal Reserve Bank of Chicago

Sherrie L. W. Rhine
Economist, Consumer Issues Research
Federal Reserve Bank of Chicago

Acknowledgements (PDF,48KB)
Contents (PDF,86KB)
Preface (PDF,46KB)
Session 1
Session 2
Session 3
Session 4
Session 5
Conference Book (PDF,1937KB)

Welcoming Address
Research in the Policy Process (PDF,13KB)
Edward M. Gramlich, Member. Board of Governors of the Federal Reserve System

Keynote Address
The Importance of Education in Today's Economy (PDF,15KB)
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System

Luncheon Address
Financial Investment in the Inner City: A Confluence of Interest (PDF,21KB)
Robert L. Woodson, Sr. President, National Center for Neighborhood Enterprise

Overview
Changing Financial Markets and Community Development: An Overview (PDF,23KB)
Lynn Elaine Browne, Executive Vice President and Director of Research, Federal Reserve Bank of Boston

Session One: The Unbanked and the Alternative Financial Sector
Role of Banks and Nonbanks in Serving Low- and Moderate Income Communities (PDF,737KB)
Constance R. Dunham, Office of the Comptroller of the Currency

The Role of Alternative Financial Service Providers in Serving LMI Neighborhoods (PDF,143KB)
Sherrie L.W. Rhine and Maude Toussaint-Comeau, Federal Reserve Bank of Chicago
Jeanne M. Hogarth, Board of Governors of the Federal Reserve System
William H. Greene, Stern School of Business, New York University

Discussion Comments
Reaching Out to the Unbanked (PDF,32KB)
John P. Caskey, Swarthmore College