The level of outstanding home mortgage debt in the United States has declined about $1.5 trillion, or 13 percent, since its peak six years ago. This large drop in mortgage debt has been the primary driver of the reduction in household liabilities often referred to as "household deleveraging" and...

The Federal Reserve Board has begun an ambitious and long-term effort to upgrade the Financial Accounts of the United States to provide a significantly more detailed and timely picture of financial intermediation in the United States

The Federal Reserve Board has begun an ambitious and long-term effort to enhance the Financial Accounts of the United States by providing additional detail and disaggregation, higher frequency data, and additional documentation and analysis of financial data, in order to improve our picture of...