Why the St. Louis Fed Focuses on Academic Research

homer jones and leonall andersenThe St. Louis Fed’s Research division mostly engages in academic research—in which economists identify and pursue questions on their own—rather than directed research—in which economists are asked to answer a specific question.

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Farmland Values Up, Farm Income Down in Eighth District

agricultural conditionsAmidst another bumper fall harvest and a drop in grain prices, Eighth District agricultural bankers reported a sharp decline in farm income expectations for the third quarter of 2014 compared with the previous year. In contrast, lenders reported a rise in farmland and ranchland values.

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Fewer Younger, Richer Households Have Negative Home Equity

negative household equityOverall, the share of households with negative equity in their homes declined from 2010 to 2013. However, breaking down shares by income and age shows that not all groups had the same experiences.

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Why Is Credit Card Delinquency Declining?

credit card delinquency ratesThe decline in the number of cardholders in delinquency and the number of accounts per cardholder in delinquency are primary factors affecting the fall in the delinquency rate.

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Credit to Noncorporate Businesses Remains Tight

noncorporate creditSince the financial crisis of 2008, credit has loosened up for corporations but not nearly as much for noncorporate businesses. Both types are still having trouble getting credit from banks; corporations, however, have the ability to issue shares in the stock market and borrow by issuing bonds.

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