The Federal Reserve System and the Conference of State Bank Supervisors (CSBS) hosted the second annual community banking research and policy conference, “Community Banking in the 21st Century,” on Sept. 23-24, 2014. Community bankers, academics, policymakers and bank supervisors discussed current challenges and opportunities facing community banks. Research of note was presented, along with the findings of a new comprehensive survey being conducted this spring and summer with the participation of community bankers across the country.
While income inequality in the U.S. is high, it is much lower than income inequality across countries. A more significant problem for America may be wealth inequality—the growing disparity in net worth between those at the top and everyone else.
The average member of Generation X (born between 1965 and 1980) today owes about 60 percent more debt (adjusted for inflation) than his or her counterpart of the same age did in 2000. No other generation’s average debt burden increased that much between 2000 and 2014.
Spanish and Italian government bond yields are not directly comparable to those of U.S. Treasuries because the bonds are paid in different currencies.
Market mistiming reduces profits.
Deferment or forbearance may be masking the true student loan default rates in recent years.
While households decreased credit card debt between 2007 and 2010, the process varied by education level between the extensive margin (how many households borrowed) and the intensive margin (how much households borrowed).
Credit card loan delinquency rates are at historical lows, even lower than during strong economic times such as 2004-06.
The gains made in income and net worth of the typical American family in the 1990s and 2000s were erased by the Great Recession. Economically vulnerable groups fared even worse.
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.