Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

Are there well-paying jobs for people without a four-year college degree? If so, what (and where) are these jobs? The Cleveland Fed, in partnership with Atlanta and Philadelphia Feds, finds out. Read more.

Senior Community Development Analyst

Mr. Klesta is a Senior Community Development Analyst in the Community Development Department where he focuses on urban revitalization, issues affecting low- to moderate-income communities, and the impact of natural resource extraction on rural communities.

Read bio…

Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

For National Financial Literacy Month, our April FedTalk will invite public policy and education experts to discuss race and the financial lives of students and young adults (18-36 years old). They will explore the existing disparities in financial health outcomes and the unique challenges experienced by communities of color. They will also discuss the structural conditions that play a role in deciding what types of opportunities will be available to different groups of people and the implications financial literacy education has in narrowing the racial wealth gap.

A Q&A session will follow the discussion.

Wednesday, April 14, 2021

Noon to 1:30 pm EDT

Background: The Cleveland Fed has been maintaining a survey of consumers for their views on how they are responding to COVID-19, the illness caused by the novel coronavirus of late 2019, and how COVID-19 is likely to impact the economy. Description: We update the results from these surveys on a weekly basis.

Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

Firms of color were more likely to experience financial and operational challenges stemming from the pandemic. These challenges are particularly salient given the important role business ownership plays in wealth building and employ­ment in communities of color.

Think you don’t have the resources to increase equity and inclusion? Maybe you already have what you need. Toledo’s approach makes use of financial resources and partnerships already in place. Read More

04.08.21

Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

CDFIs play a central role in ongoing work towards an equitable economic recovery as they help consumers, small businesses and communities access funding. There continues to be an urgent need for comprehensive, up-to-date data on CDFIs. The Federal Reserve 2021 CDFI Survey is part of a continued effort to provide this information.

Are you a CDFI leader? Take the survey now.

Preview the survey.

The Fed and the CDFI Fund intend to use the survey data to inform research and future policymaking. The survey data will also provide important benchmark information on how CDFIs are faring in the COVID-19 crisis and how they are serving low-income and minority populations.

Learn more about the survey effort and submit a response for your CDFI today. The survey is open from March 22–May 14, and will take about 60 minutes to complete. We encourage participation from all CDFIs, regardless of certification status. Please be aware that only one response is...

Ben R. Craig

A number of financial stress measures were developed after the financial crisis of 2007–2009 in the hope that they could provide regulators with advance warning of conditions that might warrant a corrective response. The Cleveland Fed’s systemic risk indicator is one such measure. This Commentary provides a review of the SRI’s performance from 2001 to 2020 and finds that it has performed well, providing a reliable, valid, and timely signal of elevated levels of financial system stress. Read More

Lisa Lipscomb has been appointed senior vice president and general auditor. As general auditor, her responsibilities include providing overall leadership and strategic direction for the Audit function and administrative oversight for the Audit Application Competency Center, as well as the consistent execution of operations and advancement of strategic objectives for these functions.

Lipscomb joined the Bank in 2009 as a compliance coordinator responsible for ensuring effective internal controls over the receipt, processing, storage, and payment of circulated cash and coin. In 2012, she joined the Audit Department as a manager overseeing a team of auditors who review the Bank’s cash, financial management, and law enforcement business units. She was promoted to assistant vice president and assistant general auditor in 2014 and then to vice president in 2018.

Lipscomb holds a BBA in accounting from The Ohio University. She is also a certified public accountant...

Usted está entrando en la versión español del Centro de Aprendizaje. Las otras páginas no relacionadas al Centro de Aprendizaje solo existen en inglés. (Nota: estas páginas web usan “cookies” en su computadora, acuérdese de cambiar el lenguaje en “Settings” de navegación web.)

The Beige Book, released 8 times a year, contains reports of economic conditions across the United States by region. Reports are based on information gathered primarily through interviews with business people and are prepared by each of the 12 Federal Reserve Banks for their respective Districts.