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ProfitWise News and Views Issue Two

This second edition of ProfitWise News and Views for 2015 provides a summary of findings of a groundbreaking survey project exploring indicators of small business financial health and documented Seventh district worker training programs aimed at some of the most difficult to employ populations, including formerly incarcerated individuals.

The Federal Reserve Introduces FedCommunities.org

This new portal provides single-point-of-entry access to hundreds of community development resources from across the System. Visit all thirteen external Federal Reserve sites to learn more about workforce development efforts, data on foreclosure mitigation across regions, and maps for use in stabilization efforts.

Chicago Fed Income Based Economic Index (IBEX)

The IBEX 12 Month Inflation Rates provide a monthly chain-weighted inflation measure for more than thirty socio-economic and demographic groups, as well as the overall urban population. It covers the period from 1983–2008. The inflation rates are updated annually in the first quarter of each year when new data for expenditures are available.

The CRA and Subprime Lending: Discerning the Difference Banking and Community Perspectives

The Community Reinvestment Act (CRA) has been under much scrutiny amid the subprime lending bust. Critics of the CRA contend that the law pushed banking institutions to undertake high-risk mortgage lending.This issue examines the CRA and its role in the mortgage market and distinguish it from causes of the subprime failure.

Related Research by Economists at the Federal Reserve Bank of Chicago

These are links to working papers and other research by Federal Reserve Bank of Chicago economists on topics related to community development, financial access, consumer and regulatory issues.