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.

Build a path to higher-paying jobs in your local market with the Occupational Mobility Explorer. Choose a job title and location and see jobs with higher pay that share similar skills and see what skills you may need to develop to grow your career. Compare skills, median pay, education requirements, projected growth rates, and more in this newly updated tool from the Federal Reserve Banks of Cleveland and Philadelphia. https://bit.ly/47EBgVi #economicmobility #jobmobility #occupationalmobility #careerpaths

Registration for this year's High School Fed Challenge is now open!

The share of delinquent credit card balances decreased in Q2 2024 after reaching 12-year highs in Q1 2024 and Q4 2023, according to the Philadelphia Fed’s Large Bank Credit Card and Mortgage Data. The quarterly series, which began in 2012, reports data from the largest financial institutions in the U.S. Data from April through June 2024 show: ? The share of past due credit cards fell. The shares of credit card balances that were 30, 60, and 90 or more days past due each dropped by a little less than a quarter percentage point. These were the largest quarterly decreases in three years. However, it is too early to call this a turning point for credit performance, as credit card delinquency frequently improves in the second quarter and deteriorates in the third quarter. ? The median origination credit score for new card customers hit an 11-year high. That has slowed industry growth, with card originations contracting on a year-over-year basis. ? Mortgage credit performance remains strong. Just 0.4 percent of mortgage balances were 90 or more days past due, a series low since 2012. Read the full report and explore the data with our interactive dashboard. https://bit.ly/3NpAAd7

It may look like the explosive growth of nonbank financial institutions has come at the expense of banks, but Banking Structure Specialist Jim DiSalvo reveals the symbiotic relationship between the two. Read more in Economic Insights. https://bit.ly/3BlBsga

For #DigitalInclusionWeek, the Federal Reserve Banks of Atlanta, Dallas, Kansas City, New York, and Philadelphia invite digital inclusion practitioners to the Digital Inclusion Research Webinar Series, October 8 -10, 2024. Attendees will gain insight into the latest digital inclusion research, emerging methodologies, and best practices in the sector. Register for one or more of the sessions here https://bit.ly/3TqeURJ

The Philadelphia Fed is hosting a virtual public engagement forum on October 8. Join us to share your input, questions, and feedback about the search for our next president and CEO. Advance registration is required. Register today to save your spot. https://bit.ly/3MXYWdO

Recorded presentations from our Fifth Workshop on Credit Card Lending, Consumer Finance, and the AI Revolution are now available. View presentations on important topics such as: ? consumer finance with a focus on credit card lending, financial innovations, open banking, payment networks, fintech competition, data privacy; and ? the current and future implications of innovations and adoption of machine learning and artificial intelligence (ML/AI) in consumer finance.

Why does the Federal Reserve stress the importance of public outreach in its Supervision function? In a word, transparency. The Federal Reserve Bank of St. Louis executes many of the Federal Reserve’s national outreach programs that provide transparency on supervisory practices and Federal Reserve services to banks and the general public. Read more about outreach and engagement across the Federal Reserve System’s Supervision function in the latest Community Banking Connections. https://lnkd.in/eVJm-YB9

The Federal Reserve Bank of Philadelphia's Consumer Finance Institute and Fannie Mae's Economic and Strategic Research Group are co-organizing a workshop to convene academic researchers, policy analysts, and industry experts to examine the evolving relationships between demographic change, housing demand, and housing finance. View the agenda and register to join us on October 24 and 25, 2024, online or in person in Washington, D.C. https://bit.ly/3XhaLAO #housing #HousingPolicy #DemographicChanges