For immediate release
Contact: Katherine Q. Dibling, Public Affairs Specialist, 215-574-4119
Philadelphia, PA — The Federal Reserve Bank of Philadelphia’s Research Department has launched Tri-State Tracking, a new monthly publication series that provides statewide summaries of economic conditions for Delaware , New Jersey , and Pennsylvania . Today’s release of Tri-State Tracking includes monthly data through October and quarterly data through the second or third quarter, depending on the actual data release date. Future releases will be released on the first Friday of each month, starting with a November 2013 vintage available on January 3, 2014.
"Tri-State Tracking offers a current snapshot of the most recent monthly and quarterly data on employment conditions, housing conditions, and personal income for each state," said Paul Flora, research & policy support manager. "We think Tri-State Tracking will enable the businesses and the public to readily monitor economic conditions in their home state."
The Philadelphia Fed will discontinue the series of five Regional Economic News briefs (State Employment, Metropolitan Area Employment, and Housing Permits on a monthly basis, plus House Prices and Personal Income on a quarterly basis) to coincide with the final release of 2013 data. The data, charts, and maps contained in the Regional Economic News briefs will continue to be posted to the website. Tri-State Tracking will augment the state and metropolitan area data as will a new series of Regional Economic Analysis reports that will launch in January.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.