Working Paper
Recurring-Payment Sensitivity in Household Borrowing
WP 25-22 – This paper provides evidence of payment sensitivity in household borrowing decisions: Mortgage borrowers respond to the size of the recurring payment as opposed to discounted total loan costs when choosing between loan options.
Data
Large Bank Credit Card and Mortgage Data
08 Jul ’25
The Large Bank Consumer Credit Data are based on Y-14M credit card and mortgage data provided by the largest financial institutions in the United States.
Article
Small Business Credit Survey: 2025 Insights from New Jersey, Pennsylvania, the Philadelphia Metro, and the Third District States
Four briefs provide insights into the state of small businesses in our region using data from the Fed’s Small Business Credit Survey.
Banking
A source for information on supervisory guidance, resources, and tools to aid community bankers. Read the latest release.
Aruoba-Diebold-Scotti Business Conditions Index
07 Aug ’25
An index designed to track real business conditions at high observation frequency
Statement
A Message from President and CEO Anna Paulson
Read a message from Philadelphia Fed President and CEO Anna Paulson on her first day in office.
Article
Understanding Job Growth
Economic Insights — Even seemingly healthy job growth might hide weaknesses in the economy if a large portion of that growth happens in acyclical sectors such as health care and government.