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Has the Investment Boom Expanded U.S. Productive Capacity?

Productive capacity has expanded almost entirely in one narrow segment: the industries that make computers, communications equipment, and semiconductors.

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What we do:

We work in the public’s interest by supporting economic and financial stability.

Jeffrey Schmid
President and Chief Executive Officer

Read his latest speech, "The Strategic Imperative of Instant Payments for Community Banks."

Learn More About the Federal Reserve's Mission

The Federal Reserve System is made up of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up our nation's central bank.

October 14, 2026

Tenth District Beige Book

Tenth District Summary for Beige Book.

October 21, 2026

Loan modifications remain stable despite rising delinquencies

The level of loan modifications as a percentage of total loans at community banks has...

October 08, 2026

KC Fed First Vice President Kim Robbins named Federal Reserve’s chief payments executive

In her new role, Robbins will assume leadership of the Federal Reserve’s portfolio of financial services, including retail, ...

October 15, 2026

Financially Distressed Consumers May Have Turned to High-Cost Credit to Cope with Inflation

Many U.S. consumers, especially those who are financially distressed, have used various strategies to cope with rising prices...

October 14, 2026

Muted Third Quarter Farm Lending Activity

Farm lending activity at commercial banks was muted in the third quarter alongside a decline in average loan sizes.

October 22, 2026

Tenth District Manufacturing Activity Increased Steadily in October

Tenth District manufacturing activity increased steadily, and expectations for future activity rose slightly from last month with their highest readings since July 2022. Growth in prices paid for...

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Events

Oct

Understanding CDFIs in Kansas City

8:30 a.m. – 10:30 a.m. , CDT 1 Memorial Drive

A look at how Community Development Financial Institutions serving the Kansas City metro area are structured, where they focus their efforts, and how they measure success.

Oct

Educator Workshop - Connecting Dollars and Decisions: Teaching Personal Finance

8:00 a.m. – 5:00 p.m. , MDT 1020 16th Street Mall

Targeted to K-16 grade teachers

Nov

Energy and the Economy: Tail Risks, Tailwinds and Resiliency

7:30 a.m. – 5:15 p.m. , CDT External

The Federal Reserve Banks of Dallas and Kansas City will host their 11th joint energy conference on November 10 in Houston.

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About the Kansas City Fed

The Federal Reserve Bank of Kansas City is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up our nation's central bank.

Our Mission