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The mission of the Regional & Community Outreach (RCO) function is to serve the public interest through engagement and actionable analysis for Main Street decision-makers, community leaders, and practitioners, and other local interested parties.

Areas of Focus

Housing & Mortgages Accessible analytics on mortgage and foreclosure concerns impacting our region. Geographies include: • New York City boroughs • Long Island • Hudson Valley • Northern New Jersey • Upstate New York.

Household Credit Detailed charts examining U.S. Household Credit. Charts include data on delinquencies, bankruptcies, types of debt, mortgage data, and more.

Small Business Access to Credit The New York Fed's Small Business Finances Poll examines regional demand and access to credit for local small businesses and entrepreneurs.

Financial Awareness for Young Adults The New York Fed's video competitions combine peer-to-peer learning with video technology to advance financial literacy among young adults. Local college and university students from the five boroughs were challenged to create a 30-second video about using credit wisely aimed at young adults.

FEATURES, NEWS, EVENTS

New York Fed develops new tool to analyze local housing market; regional mortgage conditions utility now available online The Regional Mortgage Conditions utility presents analysis of the housing market in the tri-state region from September 2007 through December 2011. The tool provides information about the percentage of loans in foreclosure as well as those who are 60 days and 90+ days delinquent. March 27, 2012

Household Debt and Credit Report - Fourth Quarter 2011 The New York Fed’s Quarterly Report on Household Debt and Credit provides unique data and insight into the credit conditions and activity of U.S. consumers. In the fourth quarter of 2011 the report, which includes data on a variety of household debt levels, revealed further declines in real estate debt and delinquencies, while showing that other forms of consumer indebtedness increased. February 27, 2012

Impact of the Great Recession on Public Schools in the Region Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City January 27, 2012

Video competition promotes financial awareness among young adults December 7, 2011

Small Business Finances The August 2010 Small Business Borrowers Poll finds that between 2008 and 2010, credit card reliance increased among all age groups except for 0-5 year-old firms. Reliance on bank loans fell among all age groups, except for 20+ year-old firms. Released April 2011

New York Fed’s new small business poll shows evidence of credit demand; cash flows for small businesses key to credit approval Small businesses typically create more jobs than larger firms do at the start of economic recoveries. However, recent contractions in borrowing have limited the ability of small businesses to play this critical role. A poll of small-business finances finds evidence of comparatively strong credit demand, but weakened applicant quality, with borrowers continuing to perceive restricted credit availability. Released October 2010 Access to Credit: Poll Evidence from Small Businesses Slideshow » Slideshow Small Business Finances Poll Podcast Transcript

Foreclosure Resource Center An information resource to help communities, policymakers and other organizations involved in assisting distressed homeowners.