The Delaware Child Care Map is a public, interactive mapping tool that allows users to see the locations of licensed child care providers and facilities throughout the state alongside community indicators on topics such as demographics (age, race, and ethnicity), family types, income, poverty rates, unemployment and more. This tool was developed by PolicyMap in partnership with the Federal Reserve Bank of Philadelphia.

On July 15, 2021, staff from the Federal Reserve hosted an Ask the Fed webinar on the SCALE method and tool for determining expected credit losses under CECL. The Financial Accounting Standards Board (FASB) and the Conference of State Bank Supervisors (CSBS) also participated in the webinar. A recording of the webinar can be accessed by clicking here.

The SCALE method is a simple, spreadsheet-based method developed by the Federal Reserve to assist smaller community banks in calculating their CECL compliant allowances for credit losses (ACLs) using proxy expected lifetime loss rates. 

The SCALE tool, also developed by the Federal Reserve, is a template that smaller community banks with total assets of less than $1 billion can use if they wish to use the SCALE method. This tool uses publicly available data from Schedule RI-C of the Call Report to derive the initial proxy expected lifetime loss rates. If a bank uses the SCALE tool, bank management...

Meet our summer interns! Alejandro (Alex) Guillot is a student at Washington University in St. Louis studying statistics and systems engineering. In speaking about his career aspirations, Alex says, "I simply want to do meaningful work that I can feel proud of. I think the Philadelphia Fed has definitely provided me the opportunity to do meaningful work and I’m proud to say I’ve worked there!" What has been the best thing about interning at the Philadelphia Fed? "The people! It’s been so fun to meet everyone and hear about their work and experiences. For example, I met an employee who spoke of his work on developing Kalman Filters to estimate the health of the economy – a technique I’d learned about in my engineering courses for Flight Control (like drones)! It was cool to learn it was used elsewhere." Like many of our summer interns, Alex has been working remotely this year. He offers these words of advice for remote work: "Communicate and take notes! Don’t...

Businesses with no employees other than the owner often turned to personal funds in response to financial challenges during the pandemic. These nonemployers were less likely than employer firms to seek pandemic-related emergency funding and less likely to be approved.

02 Aug ’21

America’s smallest small businesses are nonemployer firms, and they make up 81 percent of small businesses in the U.S. This report provides data from the latest Small Business Credit Survey, highlighting this group's experiences before and during the COVID-19 pandemic.

The Delaware Child Care Map is a public, interactive mapping tool that allows users to see the locations of licensed child care providers and facilities throughout the state alongside community indicators on topics such as demographics (age, race, and ethnicity), family types, income, poverty rates, unemployment and more. This tool was developed by PolicyMap in partnership with the Federal Reserve Bank of Philadelphia.

Katelyn Ryan joined the Philadelphia Fed team a an intern this summer remotely from her home in Florida where she attends the University of Florida as a computer science major. Below she answers a few of our questions about her experience so far. What are your career goals, and how has your internship prepared you to achieve them? "Being in computer science I have a lot of options in terms of what I can do with it. The Philadelphia Fed has really pushed me towards considering web development as a final contender." What has been the best thing about your internship? "The people are great. I get to meet and network with people from all over the company. They are all so extremely nice and welcoming." What would you tell someone who might be considering an internship at the Philadelphia Fed? "Go for it! The Fed does a lot more than one might think. There are so many things you can get involved in and have a great experience." Explore more about internship...

30 Jul ’21

The COVID-19 pandemic caused renters across the U.S. to fall behind on their monthly housing payments. Review updated monthly estimates and a state-by-state breakdown of data related to this topic.

02 Aug ’21

America’s smallest small businesses are nonemployer firms, and they make up 81 percent of small businesses in the U.S. This report provides data from the latest Small Business Credit Survey, highlighting this group's experiences before and during the COVID-19 pandemic.

30 Jul ’21

The COVID-19 pandemic caused renters across the U.S. to fall behind on their monthly housing payments. Review updated monthly estimates and a state-by-state breakdown of data related to this topic.

Ashley Putnam: Welcome to the fourth episode of Workforce Realigned, a special five-episode podcast series within Economy Matters that explores how innovative finance is reshaping the future of work. Workforce Realigned is a production of the Federal Reserve Banks of Atlanta and Philadelphia in partnership with Social Finance. My name is Ashley Putnam and I'm glad to have you back. On our last episode we had an incredible conversation with the former governor of Massachusetts, Governor Deval Patrick, and the former speaker of the House of Representatives, Speaker Paul Ryan, about how government can play a role in investing in outcomes and what tools have worked and not worked so far to ensure that we're getting the best impact for workers and jobseekers. Today, we're going to be speaking with Michael Reeser, a chancellor at Texas State Technical College, about the role of higher education and a new funding formula they have tying higher-ed dollars to workforce outcomes. I'm...

regional levels of broadband subscription, computer access, and poverty are highly correlated. geography matters: Metro areas with low household broadband subscription and computer access were primarily located in the Southeast and Southwest, while high-connectivity regions were concentrated in the Northeast and West Coast. across U.S. metros, prime-age workers (people 25–54) with a broadband-enabled computer participate in the labor force at a much higher rate than prime-age workers without such access.

Hello and welcome! It’s great that so many of you have joined us for these virtual office hours. And by holding this event virtually, we are missing out on useful hallway conversation — not to mention some tasty snacks — but it’s terrific so many of you were able to join with just the click of a button.

Now, before we proceed, I have to give you my standard Fed disclaimer: The views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.

The Importance of Community Banks

Here at the Fed we wear many hats: We’re a bank, a supervisor and regulator of other banks, and the largest collection of economists in the world. We have the ability to lend money, to foster payments and settlements, and to promote consumer protection and community development.

We also have the power to convene. And that is precisely our aim with this program: to facilitate...

Manufacturing activity in the region continued to grow, according to the firms responding to the June Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments remained elevated, although movements were mixed. Additionally, the employment index increased, while the price indexes climbed above last month’s long-term highs. Most future indicators improved, suggesting that more firms expect overall growth over the next six months.