Latest Research

Small Business Commercial & Industrial Loan Balances Increase Year-Over-Year

By Christi May-Oder, Assistant Vice President and Rosine Boni, Supervisory Analyst
June 24, 2020 | Small Business Lending Survey
Survey data indicated that new small business C&I lending increased slightly in the first quarter after declining in the fourth quarter of 2019.

Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

By Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-Rull
May 22, 2020 | Research Working Paper
A lockdown policy that mitigates the effects of COVID-19 for both older and younger people would be less extensive than in April but remain in place through the summer.

Examining the Relationships between Land Values and Credit Availability

By Ana Cláudia Sant’Anna, Cortney Cowley and Ani Katchova
May 11, 2020 | Research Working Paper
Considering factors that represent credit availability at agricultural banks together, rather than separately, can better capture their effects on farmland values.

Should We Be Puzzled by Forward Guidance?

By Brent Bundick and A. Lee Smith
May 01, 2020 | Research Working Paper
Forward guidance that lowers the expected path of policy continues to stimulate economic activity and prices.

Farm Lending Activity Slowed in the First Quarter

By Cortney Cowley and Ty Kreitman
April 16, 2020 | Ag Finance Databook
Growth in farm lending activity slowed in the third quarter of 2019.
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