ABA: Bank Economists Foresee Economic Soft Landing, But Downside Risks Challenge Outlook
The U.S. economy will continue to expand through 2024, but at a slower pace than its long-term potential, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The economists also expect inflation to gradually slow toward the Federal Reserve’s objective of 2% over the next two years. The committee, made up…
Census Bureau: Household Pulse Survey Phase 3.5 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.5 of the experimental Household Pulse Survey (HPS). Phase 3.5 includes new questions on timing of positive COVID-19 testing, use of coronavirus treatments, the experience of long-COVID symptoms, amount of monthly rent and changes in monthly rent, children’s mental health and difficulty with self-care and…
FDIC: Summary of Deposits Survey and Filing for June 30, 2022 Begins
The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31,…
FHFA: U.S. House Prices Rise 18.7 Percent over the Last Year; Up 4.6 Percent from the Fourth Quarter 2021
U.S. house prices rose 18.7 percent from the first quarter of 2021 to the first quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.6 percent compared to the fourth quarter of 2021. FHFA’s seasonally adjusted monthly index for March was up 1.5 percent from February. “High appreciation rates continued across housing markets during…
CDFI Fund: Application Demand for FY 2022 Round of CDFI Program and NACA Program Released
The fiscal year (FY) 2022 application round for the Community Development Financial Institutions Fund’s (CDFI Fund) Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on April 12, 2022. In total, 719 organizations from across the country requested a combined level of $577.9 million in awards, which is…
HUD and Census Bureau: New Residential Sales Report for April 2022 Issued
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2022: New Home Sales Sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released jointly today by the U.S. Census…
Census Bureau: Household Pulse Survey Phase 3.4 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.4 of the experimental Household Pulse Survey (HPS). Phase 3.4 includes a new question on receipt/intention to receive a COVID-19 vaccine booster; modifications to questions relating to children’s vaccinations that expand response options to include children’s age categories; modified reference periods for school enrollment and spending questions;…
Census Bureau: Digital Equity Act Population Viewer Released Highlighting Digital Divide
New Interactive Map Highlights Digital Divide The U.S. Census Bureau announced the release of the Digital Equity Act Population Viewer, an interactive collection of maps that highlight various demographics and broadband internet availability and adoption by state. The maps help policymakers plan and implement digital inclusion and equity programs under the Digital Equity Act of 2021….
ABA: Report Finds Credit Card Market Recovery Continued in Fourth Quarter 2021
In a sign of continuing U.S. consumer strength, monthly credit card purchase volumes rose across risk tiers (prime, subprime, and super-prime) in last year’s fourth quarter, the third consecutive increase, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor released today. The May 2022 Monitor, which reflects credit card data from October to…
FDIC: 2022 Bank Small Business Lending Survey Launched
Approximately 2,000 Banks Asked to Detail their Lending Practices Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg and U.S. Census Bureau (Census) Director Robert L. Santos today formally invited approximately 2,000 U.S. banks to participate in a nationally representative online survey about their small business lending practices and volumes. Sponsored by the FDIC…