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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

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

Regional and National Economic Conditions Remarks by President Dudley before the Morris County Chamber of Commerce, Florham Park, New Jersey September 18, 2012

Household Debt and Credit Report - Second Quarter 2012 The New York Fed’s Quarterly Report on Household Debt and Credit provides unique data and insight into the credit conditions and activity of U.S. consumers. In its latest report, the New York Fed found delinquency rates for mortgages, credit cards, and auto loans decreased from the previous quarter. However, rates for student loans and home equity lines of credit increased. August 29, 2012

2012 Small Business Borrowers Poll Poll evidence from small business owners suggests that the recent drop in small business lending may be due in part to weaker firms self-selecting out of the credit market. However, the poll also suggests that the drop in microloans (those under $100,000) is not wholly due to lack of demand. In fact, applicants expressed strong demand for microloans—but firms also reported higher denial rates for these loans than for larger amounts. Released August 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

The Competitiveness of Puerto Rico's Economy: Reducing the Cost of Doing Business and Improving Labor Market Opportunities Remarks by President Dudley before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico June 29, 2012

Summary of the Report on the Competitiveness of Puerto Rico's Economy Remarks by James McAndrews before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico June 29, 2012

Video competition promotes financial awareness among young adults December 7, 2011

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