Perspectives from Main Street: Bank Branch Access in Rural Communities
Perspectives from Main Street: Bank Branch Access in Rural Communities examines how rural consumers and small businesses use bank branches and how their communities have been affected by branch closures. The report includes information gathered at listening sessions hosted by Federal Reserve Banks across the country between July 2018 and January 2019, in addition to other data and research.
Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study
This report provides aggregate estimates of payments fraud totals and rates for general-purpose credit and debit card (including non-prepaid and prepaid debit card), ACH, and check transactions—the core non-cash payment types used for everyday payments and settlements by consumers and businesses. For cards, further breakouts of payments fraud—such as card type, payment channel, and authentication method—are provided. ACH fraud is broken out into ACH credit and ACH debit fraud.
Report to the Congress on the Office of Minority and Women Inclusion, April 2014
Pursuant to section 342(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Office of Diversity and Inclusion (ODI) of the Board of Governors of the Federal Reserve System must submit an annual report to the Congress outlining the activities, successes, and challenges of the Office. This is the Office’s report for calendar year 2013. Sheila Clark serves as the director of ODI. In January 2011, pursuant to section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Board of Governors of the Federal Reserve System ...
Report on the Economic Well-Being of U.S. Households in 2017
This report draws from the Board's fifth annual Survey of Household Economics and Decisionmaking (SHED) and examines the economic well-being and financial lives of Americans and their families.
Report to the Congress on the Use of the ACH System and Other Payment Mechanisms for Remittance Transfers to Foreign Countries, April 2013
Section 1073(b) instructs the Board to include in its report an analysis of adoption rates of international ACH transactions (IATs), rules, and formats; the efficacy of increasing adoption rates; and potential recommendations to increase adoption. Pursuant to this statutory direction, the Board is issuing this second biennial report. The Board consulted with the Reserve Banks and the Treasury to develop this report.
Preserving Minority Depository Institutions - December 2015
The Board submits this report pursuant to section 367 of the Dodd-Frank Act. This section requires the Board to submit an annual report to the Congress detailing the actions taken to fulfill requirements outlined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989, as amended by the Dodd-Frank Act. In addition to the annual reporting requirement, FIRREA section 308 requires the Federal Reserve System (System) to devote efforts toward preserving minority ownership of minority depository institutions (MDIs). Comments on the System’s efforts to ...
Experiences and Perspectives of Young Workers
Young workers in the United States experience higher rates of unemployment than the population as whole but are nonetheless generally optimistic about their job prospects, according to the Federal Reserve Board's new report, Experiences and Perspectives of Young Workers. The report, which presents data collected in 2015 as part of the Board's second Survey of Young Workers, provides a snapshot of the educational attainment, employment experience, job market outlook, and financial self-sufficiency of 18- to 30-year-olds.
Update on the Economic Well-Being of U.S. Households: July 2020 Results
In March 2020, the onset of the COVID-19 pandemic altered the financial landscape for many American families. Recognizing the unprecedented financial disruptions caused by the pandemic, the Federal Reserve conducted a pair of supplemental surveys to monitor the financial well-being of U.S. households. The first was fielded in April 2020, and the results were described in the Report on the Economic Well-Being of U.S. Households in 2019, Featuring Supplemental Data from April 2020. This report describes the responses to the second supplemental survey, fielded in July 2020. The combined results ...
Report to the Congress on Government-Administered, General-Use Prepaid Cards, July 2011
Section 1075 of the Dodd-Frank Act, which amends the Electronic Fund Transfer Act (EFTA), directs the Board to report annually on the prevalence of use of general-use prepaid cards in federal, state, and local government-administered payment programs and the interchange transaction fees and cardholder fees charged with respect to the use of such general-use prepaid cards. The act requires the Board to begin submitting these annual reports 12 months after the date of enactment. General-use prepaid card programs are used as a method for disbursing funds to individuals and allowing government ...
Insights into the Financial Experiences of Older Adults: A Forum Briefing Paper, July 2013
The U.S. population is aging rapidly. By 2060, more than one in five individuals in the United States will be over the age of 65, up from one in seven today. The older adult population, here, defined as those 40 and older, represents multiple generations of individuals with varying financial circumstances and needs. Data show older adults as a group hold a greater share of household net worth than younger cohorts. However, substantial-and, for some, potentially irrecoverable-wealth losses resulting from the financial crisis are particularly acute for households without the capacity to work or ...