Working Paper
The Effects of Wildfire and Distant Air Pollution on Household Financial Well-Being
WP 26-02 – While exposure to wildfire smoke is adverse to human health, little is known about related impacts on household economics.
Featured Work
Working Paper
Does Skin in the Game Align Incentives? The Case of CRE CLOs
WP 25-43 – This paper examines whether high levels of risk retention effectively align incentives in securitizations, using evidence from the $100 billion-plus billion commercial real estate collateralized loan obligation (CRE CLO) market.
Working Paper
The Fed Put and Bank Risk-Taking: Evidence from the Loan Book
WP 25-42 – This paper shows that monetary policy influences bank credit policy through the risk-taking channel.
Article
Banking Trends: How Banks Fund Their Lending
Economic Insights — Since the Great Financial Crisis, banks have increasingly relied on deposits for their funding. But their lending has changed, too, and this has implications for the entire banking industry.
Featured Data
Institutions in the Third District
This interactive tool summarizes information about banks and holding companies within the Third District (comprising eastern and central Pennsylvania, southern New Jersey, and Delaware) and provides each institution’s location and asset size as of the most recent quarter.
Updated: 14 Nov ’25
Third District Banking Conditions
Third District Banking Conditions is a semiannual report comparing the trends of Third District community banks with their national peers.
Updated: 15 Sep ’25
Large Bank Credit Card and Mortgage Data
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.
Updated: 21 Jan ’26