Search Results
Discussion Paper
New York Fed Surveys: Business Activity in the Region Sees Historic Plunge in April
Indicators of regional business activity plunged to historic lows in early April, as efforts to slow the spread of the coronavirus kept many people at home and shut down large parts of the regional economy, according to the Federal Reserve Bank of New York’s two business surveys. The headline index for both surveys plummeted to nearly -80, well below any historical precedent including the depths of the Great Recession. About 60 percent of service firms and more than half of manufacturers reported at least a partial shutdown of their operations thus far. Layoffs were widespread, with half of ...
Discussion Paper
2025 CDFI Survey: Can Secondary Markets Help CDFI Loan Funds Grow?
Our recent 2025 CDFI Survey Key Findings Report summarized responses from all community development financial institutions (CDFIs) who took the survey. However, "CDFI" is a broad moniker for a very diverse set of organizations. Many people are familiar with community banks and credit unions, but perhaps less so with loan funds. Loan funds are place-based organizations, often nonprofits, that can leverage external funding to deliver financing for undeserved individuals and communities. They are the most common business model type of all certified CDFIs, and they accounted for just under half ...