Community Development Finance: Innovative Paths to Capital During the Credit Squeeze
Fifth District Survey of Manufacturing Activity
Production activity deteriorated further in December, but manufacturers remain optimistic.
Fifth District Survey of Services and Retail Activity
Service sector revenues fell and job cuts continued in December.
According to a recent poll, 49 percent of small businesses accept credit and/or debit cards as a form of payment. Credit cards pay for about five times as many small-business goods and services as do debit cards.
National Federation of Independent Business Research Foundation
The Federal Reserve expanded eligibility to participate in the Money Market Investor Funding Facility and made adjustments so that the program can remain a viable source of backup liquidity even at low market interest rates.
Federal agencies published revised questions and answers on CRA, adding 9 answers, revising 14, and requesting comment by Mar. 9 on three new or revised answers.
Mortgage-Backed Securities Purchase Program
The Federal Reserve released details about its program, expected to begin in January, to purchase mortgage-backed securities.
Maryland Survey of Business Activity
Economic activity declined in December, with labor conditions worsening and expectations remaining downbeat.
Carolinas Survey of Business Activity
Business activity weakened again while expectations improved in December.
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