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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 Borrowers 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

Household Debt and Credit Report - First Quarter 2013 The latest Quarterly Report on Household Debt and Credit shows households continued to improve their finances during the first three months of 2013. Outstanding household debt declined approximately $110 billion from the previous quarter, due in large part to a reduction in housing-related debt and credit card balances. Meanwhile, delinquency rates for each form of household debt declined, with about 8.1 percent of outstanding debt in some stage of delinquency, compared with 8.6 percent the previous quarter. May 14, 2013

2013 Small Business Borrowers Poll Results suggest the ability to access credit remains a widespread growth challenge for small businesses in the region, even among profitable firms. However, the percentage of discouraged firms, defined as not applying due to approval concerns, declined and more firms said they received all the credit they had applied for. New York Fed finds access to credit remains growth challenge for regional small businesses May 13, 2013

New York Fed to co-host interagency forum on government procurement in Puerto Rico April 26, 2013

Puerto Rico Small Business Development Forums Small businesses in Puerto Rico represent a significant portion of the local economy. This three-part series of events, designed to expand opportunities for those small businesses, includes forums on access to financing, government procurement contracts, and international trade. The series is cosponsored by the Federal Reserve Bank of New York, the Federal Deposit Insurance Corporation and the U.S. Virgin Islands/Puerto Rico District Office of the U.S. Small Business Administration. January 31, April 30 and July 10, 2013

The Outlook for the National and Local Economy Remarks by President Dudley at the Staten Island Chamber of Commerce, Staten Island, New York April 16, 2013

Remarks by James McAndrews on the economy and the household debt and credit report February 28, 2013

LaGuardia Community College wins New York Fed's Financial Awareness Video Festival February 14, 2013

Sandy Information Center Useful and relevant resources, and research and analysis for policymakers, civic and community organizations, individuals and businesses as they work to rebuild and recover from the effects of Superstorm Sandy.

Home price indexes provide detail on regional housing market December 3, 2012

New York Fed releases an assessment of the distressed residential real estate situation The New York Fed has released new data about the distressed residential real estate market, including the inventory of real estate owned properties, or REO. Through interactive maps, viewers can explore the current status and potential future scenarios for REO properties at the national and state-specific levels. Another interactive map examines the magnitude and recent history of distressed sales in New York, New Jersey and Connecticut at the state and county level. October 5, 2012

Report on the Competitiveness of Puerto Rico's Economy Experts from the Bank's research, outreach and education teams were commissioned to analyze the challenges facing Puerto Rico and to put forward recommendations on how to capitalize on the Island’s strengths to promote growth. The results, presented in both English and Spanish, represent their efforts made in consultation with local, national and international experts, as well as stakeholders on the Island itself. June 29, 2012

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