COVID-19 effects reported by local communities

A FEDS Note, "The Effects of COVID-19, as Reported by Local Communities," has been posted by the to the Federal Reserve Board's website. Since early-April 2020, the Community Development function of the Federal Reserve Board and the twelve Federal Reserve Banks have, approximately every eight weeks, surveyed key stakeholders in local communities across the United States to learn about how the COVID-19 pandemic is affecting their community. Survey respondents have included representatives from local, state and federal governments, financial institutions, nonprofit organizations, and private businesses. The February 12, 2021 FEDS Note explores the key findings from these four surveys, including differences across type of respondent (government, financial institution, nonprofit, and private business) and type of community served (i.e. rural, suburban, and urban).