- November 18
- The Financial Crisis and U.S. Cross-Border Financial Flows
The financial crisis that began in the summer of 2007 caused notable changes in the composition of U.S. cross-border financial flows, especially in the fall of 2008, when the crisis intensified. This article documents three major channels through which financial flows and associated portfolio positions were affected: (1) “flight to safety” shifts away from riskier securities and toward investments in safe and liquid markets, particularly U.S. Treasury securities; (2) unusual flows through the banking system resulting from a shortage of dollar liquidity abroad and a breakdown in interbank markets; and (3) a pullback from cross-border positions during the crisis.
PDF (294 MB) | HTML
- August 13
- Industrial Production and Capacity Utilization: The 2009 Annual Revision
On March 27, 2009, the Federal Reserve published revisions to its index of industrial production (IP) and the related measures of capacity and capacity utilization. The overall contour of total IP is little changed by the revision. Industrial output rose steadily at an average annual rate of 2.3 percent from 2004 through 2007, then fell sharply in 2008 at a rate of negative 6.7 percent.
PDF (1.14 MB)
- July 27
- U.S. Households' Access to and Use of Electronic Banking, 1989-2007
Nationwide surveys show that consumers are increasingly embracing technology to make payments and manage their personal finances. However, only about one in two consumers could be considered a heavy user of electronic banking. This article examines changes over time in consumers’ access to, adoption of, and attitudes toward various e-banking products and services and looks at several emerging technologies.
PDF (360 KB) | HTML
- June 2
- Profits and Balance Sheet Developments at U.S. Commercial Banks in 2008
Reviews recent developments in the balance sheets and in the profitability of U.S. commercial banks. The article discusses how developments in the U.S. banking industry in 2008 and early 2009 were related to changes in financial markets and in the broader economy.
PDF (318 KB) | HTML
- February 12 (Errata paragraph added on March 6, 2009; see p. A56)
- Changes in U.S. Family Finances from 2004 to 2007: Evidence from the Survey of Consumer Finances
The Federal Reserve Board's Survey of Consumer Finances for 2007 provides insights into changes in family income and net worth since the 2004 survey. The survey shows that, over the 2004-07 period, the median value of real (inflation-adjusted) family income before taxes was little changed, while mean income climbed 8.5 percent. Unlike family income over this period, both median and mean net worth increased; the median rose 17.7 percent, and the mean rose 13.0 percent. This article reviews these and other changes in the financial condition of U.S. families, including developments in assets, liabilities, and debt payments.
PDF (383 KB) | HTML
- November 6
- August 19
- June 25
- March 17