Federal Reserve Bank of Philadelphia

ALERT: Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Get insights into the banking sector in our region with our new data explorer. With the explorer, you can visualize detailed statistics on all banks, savings associations, and holding companies in eastern and central Pennsylvania, southern New Jersey, and Delaware. Information includes each institution’s location; number of branches; total assets, deposits, and capital; and more. https://bit.ly/3YWeTqr

The 2024 Midwest Cyber Workshop aimed to further the conversation on cyber risks among community bankers, regulators, and industry professionals who are on the front line of cybersecurity. This article shares insights from the event, which was held in St. Louis in June. Learn more about cyber risks and vulnerabilities and cybersecurity practices for maintaining a safe and sound operating environment. https://bit.ly/4fKLnuB

We're #hiring a new Digital Multimedia Designer in Philadelphia, Pennsylvania. Apply today or share this post with your network.

Last week, Alison Shott, PhD, senior advisor of community capital and capacity in Community Development & Regional Outreach at the Federal Reserve Bank of Philadelphia, and colleague Joselyn Cousins, assistant vice president at the Federal Reserve Bank of San Francisco, were honored as the 2024 recipients of the Janet L. Yellen Award for Excellence in Community Development for their leadership of the Reinventing Our Communities Cohort Program. Congratulations!

The use of cloud technology has become much more commonplace in the financial services industry, and threat actors are increasingly attacking banks’ cloud environments. There are resources available to community bankers from the Federal Financial Institutions Examination Council and the Federal Reserve that detail effective risk management practices to defend against cyberattacks targeting cloud environments. Hear from Federal Reserve experts about their perspectives on security practices for cloud environments. https://bit.ly/4eDNCPK

Manufacturing activity in the region softened overall, according to the firms responding to the November Manufacturing Business Outlook Survey. The diffusion index for current general activity fell from 10.3 to -5.5, its second negative reading since January. The new orders and shipments indexes also declined but remained positive. On balance, the firms indicated an increase in employment, and the price indexes were near their long-run averages. The survey’s broad indicators for future activity suggest more widespread expectations for growth over the next six months. https://bit.ly/4fIhVG7

Recordings from our Eighth Annual Fintech Conference are now available. View discussions on topics such as real-world asset tokenization, tokenized deposits, banking-as-a-service, the potential role of fintech in shaping the future of finance, and more. https://bit.ly/3OmKmND The views expressed in the discussions are those of the speaker(s) and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System.

The October 2024 LIFE Survey Report finds that one-quarter of respondents reported having trouble paying their bills in October — only a slight increase since July, but the highest rate since the LIFE Survey began data collection. The survey also shows that consumers’ personal outlook improved between July and October. However, respondents continue to feel more negative than last year. Read the October survey report and view the updated LIFE Survey data explorer for additional insights. https://bit.ly/3CC98a8

A new #Inspire story just published! In her role at the Federal Reserve Bank of Philadelphia, Samantha Porter uses research to help inform and solve community issues. “When an opportunity to work at the Fed opened, I jumped at the chance to be a part of developing research. I enjoy thinking about what questions people are attempting to answer, and how our research informs that.” Read on to learn about the other facets of Sam’s work, including leading the Equitable Wealth Initiative which focuses on the racial wealth gap in Philadelphia. https://lnkd.in/eDUTsFGg