Brick row homes on a sunny day.

Macroeconomics

Article

The Evolving Structure of Housing Markets: Institutional Investors and Their Influential Role During the Great Recession

Research in Focus — A model of U.S. housing markets by Dick Oosthuizen illustrates how corporate investors helped mitigate price declines during a prolonged recession.

A Measure of the Anchor Economy’s Impact and Importance

New research provides insight into regional economic change and anchor reliance. In this article, Philadelphia Fed President Patrick T. Harker shares his perspective on leveraging these data to understand both underlying trends in regional economies and future needs.

Man sitting on a sofa looking at a cell phone in one hand and holding a credit card in another.

Secured Card Market Update

The secured credit card market has undergone a number of recent changes. In this special report, we update previous research by the Consumer Finance Institute on secured cards using data from the country’s largest financial institutions.

Aruoba-Diebold-Scotti Business Conditions Index

An index designed to track real business conditions at high observation frequency

Aerial view of Gloucester, New Jersey.

About Us

Annual Report

2023 Annual Report

In our 2023 Annual Report, Philadelphia Fed President Patrick T. Harker and First Vice President Jeanne R. Rentezelas share their insights on the Bank’s 2023 accomplishments and what lies ahead. On this page, you can also learn more about some of our key initiatives and programs in 2023.

Consumer Credit

Article

Do U.S. Bank Lenders Offer Less Credit to Highly Opioid-Impacted Communities?

Research in Focus — Wenli Li and Raluca Roman of the Philadelphia Fed and their coauthors studied the credit offered to people in counties ravaged by the opioid crisis and evaluated policy responses.

Event

Jun

25

2024

Manufactured Housing: Increasing Access and Preserving Affordability

9:30 a.m.–2:00 p.m.

Federal Reserve Bank of Philadelphia (Hybrid)