Features

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Regional Home Ownership Preservation Initiative Focus on Affordable Rental Housing

In a blog posting, the Chicago Fed’s Community Development and Policy Studies division highlights findings from a January 30, 2013, conference that outlined next steps in managing the foreclosure crisis. Read More

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Income Growth Expectations During the Great Recession

Economic Perspectives article finds expectations have yet to recover to pre-recession levels and are a strong predictor of actual future income and consumption growth. Read More

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New Issue of Risk Perspectives Available

Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends.  Recent issue of Risk Perspectives highlights risk monitoring in the Midwest. Read More

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Unemployment Among Recent Veterans

Economic Perspectives article looks at how recent veterans have fared in the labor market during and after the Great Recession.  Read More

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Chicago Banker Roundtable Perspective on Economic Growth and Jobs

Profitwise News and Views examines actions financial institutions can take to further positively impact the Chicago region's strategy for economic growth. Read More

Recent News

Fed’s Evans Addresses Financial Analysts

Chicago Fed President Charles Evans spoke to the CFA Society of Iowa February 28 about monetary policy during their annual investment strategy dinner in Des Moines. Read More

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Are Local Property Tax Breaks for Businesses and Nonprofits Broken?

Chicago Fed Letter explores the role of property tax incentives in supporting business growth, as well as the tax treatment of nonprofits’ properties. Read More

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Midwest Farmland Values Continue to Surge

Latest AgLetter reports farmland values for 2012 increased 16 percent from the previous year in the Seventh Federal Reserve District. Read More

Fed Presidents Respond to Money Market Mutual Fund Reform Proposal

The presidents of the 12 Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council's proposal on money market mutual fund (MMF) reform. Read More

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Understanding Recent Trends in Midwest Farmland Leasing

Chicago Fed Letter examines current trends in farmland rental arrangements and their impacts on agricultural lending. Read More

Around the System

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The Federal Reserve and Financial Crisis: An Interactive Timeline

The timeline uses video clips to present a historical progression, beginning with the Great Depression and an analysis of the Fed’s response, and culminating with the recent financial crisis.

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The Importance of Effective Corporate Governance

What went so wrong for community banks during the financial crisis? Community Banking Connections considers this question.

Economic Snapshot

Chicago Fed National Activity Index (CFNAI)


National Financial Conditions Index (NFCI)


Midwest Economy Index (MEI)


Chicago Fed Midwest Manufacturing Index (CFMMI)


Latest Indicators — May*  
Unemployment Employment
Growth
GSP     
Growth**
Monthly YoY      YoY
US:
IL:
IN:
IA:
MI:
WI:
8.2%
8.6%
7.9%
5.1%
8.5%
6.8%
0.1%
0.0%
0.3%
-0.2%
-0.1%
0.1%
1.4%
0.4%
2.2%
0.9%
1.2%
-0.6%
1.3%
1.3%
1.6%
1.5%
0.6%
1.8%

*All data are seasonally adjusted.
**Estimates of annual GSP growth are through 2012:Q1.
More about the Midwest Economy

CFNAI
October
Monthly Index:  -0.13
3-month MA:  -0.27
NFCI
November 18, 2011
NFCI:  -0.07
Adjusted NFCI (ANFCI):  -0.48
Midwest Economy Index (MEI)
September
MEI:  -0.35
Relative MEI:  -0.26
CFMMI

+0.7% in October

Farmland Values

+25% in 3Q11 over 3Q10

'Beige Book'

The pace of economic activity in the Seventh District picked up some in September.

Michigan Retail Index

+0.3 for sales outlook
+2.0 for sales performance