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For immediate release
Contact: Katherine Dibling, senior media representative, (215) 574-4119
Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia's Community Development Studies and Education Department has developed a resource that provides snapshots of trends in key economic and housing indicators by state, metropolitan statistical area (MSA), and metropolitan division (MD).
The trend data include graphs highlighting selected economic data from 1990 through 2009 in Delaware, New Jersey, and Pennsylvania and related MSAs and MDs. The charts will be updated periodically.
"We're hoping these charts will give planners, developers, lenders, government officials, and the public the landscape of the economy in the areas where they work," said Marty Smith, community development research advisor in the Bank's Community Affairs Department.
Data charted include housing permits and unemployment rates by month and the house-price index by quarter. Graphs of residential purchase loans, residential refinance loans, median residential loan amounts, and the percentage of high-cost loans are shown by year.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank 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.