CDPS Blog
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By Jason Keller       May 14, 2018

The Federal Reserve Board of Governors (the Board) announced on April 16, 2018, that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Community Development and Policies Studies (CDPS) - a division of the Economic Research Department of the Federal Reserve Bank of Chicago-is working with the Board to source candidates f... Read More

May 1, 2018

In conjunction with National Small Business Week, the 12 Reserve Banks of the Federal Reserve System today launched a new website: Fed Small Business. This site will serve as a hub for the Reserve Banks' small business research, analysis and thought leadership. Fed Small Business includes content from the annual Small Business Credit Survey (SBCS), a national survey of small business owners that ... Read More

March 20, 2018

Individuals active in the financial education field are no doubt familiar with the staggering statistics that characterize consumer financial health in the United States: 28% of non-retired adults have no retirement savings or pensions 44% say that they could not cover a $400 emergency expense or would have to cover it by selling something or borrowing money Just over 25% of all adu... Read More

By Emily Engel       March 1, 2018

The definition of ‘workforce development' is broad, and there are many programs that focus on the different aspects of the field. Recently, CDPS posted two workforce-focused blogs: (1) Workforce Development for the Next Generation: Early Childhood Education and (2) Investing in America's Workforce. CDPS will continue to explore the topic from different perspectives. This blog will look at y... Read More

By Jason Keller       February 15, 2018

On May 30, 2017, CDPS blogged about the final revisions to the Interagency Questions and Answers regarding Community Reinvestment. That blog focused on changes to the definition of community development, specifically the references to workforce development or other job training programs for low- or moderate-income (LMI) or unemployed persons as qualified activities under the regulation. Connected... Read More

February 8, 2018

In accordance with our five-year strategic plan, the Community Development and Policy Studies (CDPS) division of the Federal Reserve Bank of Chicago has been working to expand our reach within the Seventh District and to advance our mission of improving conditions in low- and moderate-income communities. Toward this end, we are conducting a survey of community development partners and stakeholder... Read More

February 6, 2018

Recently, we profiled Seventh District CAC member Bethany Sanchez in the CDPS blog. The other sitting member of the CAC from the Seventh District is Rodrick Miller, who represents Ascendant Global Consulting. We asked him about his role, responsibilities, and outlook. Q: What do you do for Ascendant Global and how does your work relate to community and economic development? Ascendant Global (AG) ... Read More

January 9, 2018

“The Community Advisory Council (CAC) was formed by the Federal Reserve Board in 2015 to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. The CAC complements two of the Board's other advisory councils-the Federal Advisory Council and the Community Dep... Read More

By Robin Newberger, Maude Toussaint-Comeau       October 23, 2017

Narratives about place - the stories that surface in the news and in popular culture - have implications not only for the perceptions and impressions that circulate about neighborhoods, but for the economic potential of the residents who live there. Decisions about where to invest, how to allocate public resources, whether a home can be financed and so much more are affected by the impressions th... Read More

By Kelly Pearson, Jason Keller       August 30, 2017

The Community Development and Policy Studies (CDPS) division at the Federal Reserve Bank of Chicago has a longstanding interest in community banks, current regulatory developments, and the ways smaller banks adapt to environmental changes, such as the high rates of vacant properties in Chicago's low- and moderate-income neighborhoods. As the landscape of community reinvestment and revitalization ... Read More

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