In 2020, the Federal Reserve is surveying government agencies, nonprofits, financial institutions and other community organizations serving low- to moderate-income (LMI) geographies in the United States. In the latest “External LinkPerspectives from Main Street” report:

  • 65% of organizations surveyed in August indicated demand for their services increased since early June; 42% noted a corresponding decrease in their ability to provide services.
  • Over a quarter of respondents (27%) indicated their entities could operate for less than six months in the current environment before exhibiting financial distress. 

Year-round, the Fed works to foster economically resilient communities. Gathering actionable information is especially important during this unprecedented time.

The views expressed are those of the authors and do not necessarily reflect the positions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.