A video developed by the Federal Reserve Banks of Chicago, Boston and San Francisco, features successful women business owners describing their experiences in obtaining bank credit. To potential entrepreneurs, the tape stresses the need for future commercial borrowers to build a relationship with the lender and to have a comprehensive business plan prepared prior to approaching a lender. To potential lenders, it focuses on the profitability this fast-growing segment of the economy offers financial institutions. The video is available through FVS Media for a nominal fee by calling 1-800-555-5471.
A brochure that provides details on how to obtain information from several lenders to make the best deal, includes information on fair lending, reviewing your credit report and a mortgage shopping worksheet. Orders for up to 100 copies of the brochure are free from Publications Services, Mail Stop 127, Federal Reserve Board, Washington, D.C. 20551.
A guide for community educators for use with a variety of audiences who currently do not have accounts with financial institutions or who need basic information about how to use accounts, is available in English and Spanish. To obtain copies, fax a request to U.S. Department of Treasury Financial Management Services Product Promotion Division at (202) 874-7321 or download a copy from the Treasury web site at www.treasury.gov.
Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.
Fed in Print: An index of the economic research conducted by the Fed.