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Issue 2, 2016The Changing Composition of Bank Branches in Seventh Federal Reserve District States
Across the United States, the banking office landscape has shifted substantially since the financial crisis of 2008, reflecting both longstanding trends of small bank closures, as well as more recent patterns of bank branch declines.
The U.S. economy is on a historic run of job creation, with 76 straight months of job growth as of June 2016. Many firms are looking for new pools of talent as traditional pools are increasingly absorbed by rising employment.
At least a dozen low-income apartment buildings exclusively for seniors in Detroit's midtown and downtown areas could convert to market rate apartments in the next ten years, forcing hundreds of seniors to find new homes.