St. Louis Fed Financial Stress Index measures -0.33 in the week ended March 31, down from the prior week’s 0.34 (0=normal stress). For more on how the index is constructed, see FRED: https://t.co/lv4oDspPMS
The depth and diversity of our banking system is a strength that adds to our economy. This #ABADataBank chart highlights the important role banks of all sizes play in terms of lending. Community, midsize, regional and large banks should all have the chance to compete and succeed.
Story Art & Museum at Old Central School in #grandrapidsmn features one-man band, Fairytale LEGO display. #OnlyinMN#HeadNorth
https://t.co/TRFt4nBE7G
Impact of pandemic. Sept 30 Call Reports due yesterday (except really big banks another 15 days). See bank impact delinquency, non-accruals and credit allowances.
While waiting, see: miles traveled, dining, hotel occupancy, GDP, and employment.
#pandemic#economy#bank
NMHC: Rent Payment Tracker Shows Households Paying Rent Declined in October https://t.co/vCOlxYila0 There has been some decline in households paying rent, but rent payments are not falling off a cliff.
The FRED Blog: From February to April, 35% of workers ages 16-19 and 30% of workers ages 20-24 lost their jobs, while older age groups saw fewer job losses https://t.co/cPfRQLs5gS
Hotels: Occupancy Rate Declined 29.6% Year-over-year https://t.co/yCr3a9enDx so far there has been little business travel pickup that usually happens in the Fall.
Average interest rates for fixed-rate mortgages hover near their @FreddieMac series lows, with the 30-year now at 2.87% and the 15-year at 2.37% https://t.co/JhjaRXqtPd
Black Knight Mortgage Monitor for August: "At Current Rate of Improvement, Delinquencies Will Remain Above Pre-Pandemic Levels Until 2022" https://t.co/myl9NLNKV1