Features

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Federal Agencies Align to Support Regional Growth

In a blog posting, the Chicago Fed’s Community Development and Policy Studies division highlights findings from the Organization for Economic Co-operation and Development (OECD) report on economic issues impacting Midwest regional growth. 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

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Are Payment Card Systems Doing Enough to Prevent Data Breaches?

Economic Perspectives explores the adequacy of existing efforts to prevent, manage, and mitigate data breaches and other fraud in payment card systems. Read More

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College Enrollment Up Since the Great Recession

Economic Perspectives article finds enrollment gains at two-year, four-year public, and four-year private institutions. 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

Recent News

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

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Midwest Economic Growth Improved in December

The Midwest Economy Index was –0.18 in December, up from –0.30 in November. Read More

Federal Reserve Issues FOMC Statement

Read the statement from the Federal Open Market Committee meeting held January 30, 2013, in Washington, D.C. Read More

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Regulators and Community Banks Working Together

Chicago Fed Letter discusses impact of regulatory changes and importance of risk management for community banks. 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 — December*  
Unemployment Employment
Growth
GSP     
Growth**
Monthly YoY      YoY
US:
IL:
IN:
IA:
MI:
WI:
7.8%
8.7%
8.2%
4.9%
8.9%
6.6%
0.1%
-0.1%
0.2%
0.0%
-0.3%
0.0%
1.4%
0.7%
2.0%
1.0%
0.3%
0.3%
2.0%
1.6%
2.5%
1.7%
0.8%
2.1%

*All data are seasonally adjusted.
**Year-to-date estimates of annual growth in real gross state product (GSP) are through 2012:Q3.
Source: Bureau of Economic Analysis and Bureau of Labor Statistics/Haver Analytics
More about the Midwest Economy

CFNAI
December
Monthly Index:  +0.02
3-month MA:  -0.11
Diffusion Index:  -0.05

NFCI
February 08, 2013
NFCI:  -0.74
Adjusted NFCI (ANFCI):  -0.24

Midwest Economy Index (MEI)
December
MEI:  -0.18
Relative MEI:  -0.01

CFMMI

+0.7% in December

Farmland Values

+13% in 3Q12 over 3Q11

'Beige Book'

Economic activity in the Seventh District continued to expand at a slow pace in late November and December.

Michigan Retail Index

-9.1 for sales outlook
-13.6 for sales performance