You Can Take It to the Bank: Federal Reserve System Resources for CED Professionals

Federal Reserve Board of Richmond (District 5) Source: Library of Congress. 1930-1945? Copyright: Public Domain. <p>We are awash in data on CED issues from annexation to zoning. What NC CED professionals need, however, is valid data based in reliable research, appropriate for their current questions, and relevant and applicable to North Carolina. This post outlines how NC CED practitioners can access this kind of data from the Federal Reserve Bank system, with particular focus on the resources of the Federal Reserve Banks located in Richmond and Atlanta. These two Banks are diving into issues such as housing affordability and the rural/urban divide in the Southeastern U.S. with localized data and analysis and have valuable information NC CED professionals can use.<br /><br />Background on CED work within the U.S. Federal Reserve System <br /><br />The U.S. Federal Reserve System was signed into law in 1913 by President Woodrow Wilson. It is not just a single central bank as is found in many other countries, but instead is made up of three entities: the Board of Governors, 12 individual Federal Reserve Banks, and the Federal Open Market Committee. Together, they work to promote the effective operation of the U.S. economy and the overall public interest. Beyond its many financial and economic responsibilities, one of the stated key functions of the system is to promote community development through the regional Federal Reserve Banks.</p> White Furniture, Mebane, N.C. Source: Library of Congress. Copyright: Public Domain. <p><br />The 12 Federal Reserve Banks represent different geographic districts. North Carolina is [...]</p>