We look at trends and current conditions in the district’s banking and financial services industry.
The 2017 SBCS provides insights on business conditions and access to financing for nonemployer firms—those with no employees other than the owner(s). Findings show these firms often rely on their owners' personal finances to secure credit, address financial challenges, and fund their business operations. Read more.
Focusing on seven counties across Ohio, Pennsylvania, and Kentucky, our researchers used Home Mortgage Disclosure Act data to examine application and origination activity by income and race during the past 27 years (1990–2016). In a 13-year span preceding and following the Great Recession (2004–2016), three trends were consistent across all seven counties. Read More
To promote economic mobility and resilience among the underserved, an organization must first decide how it defines these terms. The definitions played a prominent role at a recent community development conference. Read how. Read More
Focusing on Lucas County, home to the city of Toledo, Ohio, begins with a broad look at application and origination activity during the past 27 years (1990–2016) and then delves into trends during the 13-year period from 2004 to 2016. Using maps and a series of figures and tables, we tell the story of mortgage lending during these periods from both the neighborhood and borrower perspectives. Read More
The Federal Reserve Board and the Federal Reserve Bank of Cleveland partnered on a study of small business owners’ perceptions of online lending and their understanding and interpretation of the information that online lenders use to describe their credit products. The study found that while perceptions of online lenders were mixed, participating small businesses agreed that there is a need for clear disclosure of online lenders’ product costs and terms. Read More