Following the recent global financial crisis, the financial landscape is radically changing, with U.S. and European banks shrinking their balance sheets and non-banks, such as investment funds, increasing their significance.
1 Every few months, I try to get out to some of the areas of the country where our Reserve Banks are engaged with community members, community development institutions, businesses, banks, and schools in efforts to create more vibrant communities. I last had the pleasure of visiting Baltimore with community development staff from the Richmond Federal Reserve Bank in 2015.