SF Fed Blog
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Nonprofits, Hit by Pandemic, Face Underlying Real Estate Pressures in LA Region
Nonprofit organizations provide critical services for low-income communities, communities of color, and the LGBTQ community, particularly in times of crisis. Our new report, based on a survey and interviews, finds that many nonprofits in the Los Angeles region faced displacement pressures going into the pandemic due to the high cost of renting or purchasing operating space.
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Did Increased Unemployment Payments Cause People to Reject Job Offers?
The additional $600 in Pandemic Unemployment Compensation payments relieved the financial burden of those most in need without dissuading a return to work. A job is worth much more than temporary unemployment insurance payments.
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COVID-19 Impacts on the Small-to-Medium Enterprise Credit Landscape
Small- and medium-size enterprises provide just under half of all jobs amongst employers in our District. Here’s a glance at how COVID-19 impacted their businesses during that time.
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The New Future of Work
Join San Francisco Fed President Mary Daly, Arianna Huffington (Thrive Global), Erica Brescia (GitHub), and Nick Bloom (Stanford; National Bureau of Economic Research) for a one-hour conversation on August 20.
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Strengthening Financial Health in Times of Crisis
COVID-19 makes it clearer than ever that inclusion in the financial system is critical for households and businesses to access timely relief funds. Distributing funds at scale, however, presents numerous challenges, including issues related to technology and communication. To explore what it takes to have an inclusive financial system, Laura Choi sat down with Leigh Phillips, CEO of SaverLife, for a conversation on leveraging fintech, data, and strategic partnerships to strengthen financial health in times of crisis.
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Fintech Innovation Office Hours
Join us for a virtual fireside chat about digital innovation in financial technology with special guest, Kavita Jain, deputy associate director at the Federal Reserve Board of Governors. Plus, find out how to request a timeslot during our Fintech Innovation Office Hours with the Board.
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Nonprofits Raise Concerns for Communities and Themselves during COVID-19
Nonprofits serving the Western United States are seeing increased demand and mounting financial pressures from the coronavirus pandemic. Here’s a summary of findings from a recent Federal Reserve survey.
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Overcrowding in the Bay Area: Where the Housing Crisis meets COVID-19
The issue of overcrowded housing has known health consequences and is particularly concerning in the context of the COVID-19 pandemic. To better understand the issue of crowding, we examined trends in people moving to more crowded conditions in the Bay Area using data from the Federal Reserve Bank of New York Consumer Credit Panel / Equifax Data. Here’s what we found.
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Data Rights and Data Protection during COVID-19
The global COVID-19 pandemic brought extraordinary disruption in every aspect of our lives. Still, the private and public sectors can come together to create new systems that can make the United States more resilient.
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Banks’ Early Responses to Assist Low-income Communities during the Coronavirus
How did banks in the Western United States respond to the needs of low- and moderate-income (LMI) communities during the early days of the coronavirus pandemic? Here are top-level takeaways from a recent outreach effort by our Community Development field team.