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Session 6: Economic Information from Financial Markets
Consumer Finance Survey/Bank Credit Availability Survey
Presentations
Brian Bucks, Survey of Consumer Finance (PDF, 157 K)
Don Inscoe, Finding and Using Data on the Banking Industry (PDF, 3.35 MB)
Links of Interest
Federal Reserve Survey of Consumer Finance
Speakers
Stuart Hoffman
Chief Economist
PNC Financial Services Group
Stuart G. Hoffman is senior vice president and chief economist for The PNC Financial Services Group and serves as the principal spokesperson on all economic issues for PNC. Recently, Hoffman was named by BusinessWeek as the most accurate economic and interest rate forecaster of 2004. In addition, he has been recognized as the second most accurate forecaster by the National Association for Business Economics and in The Wall Street Journal’s economic survey covering the 1988 to 2002 period.
Hoffman joined PNC in 1980 after a six-year tenure with the Federal Reserve Bank of Atlanta. He became vice president and senior economist for PNC in 1987 and was elected senior vice president and chief economist in 1991.
Hoffman is frequently quoted in The Wall Street Journal, The New York Times, Barron’s, BusinessWeek and USA Today. He is a regular guest on CNBC, CNN, Bloomberg TV, The Wall Street Journal Radio Report and CNN News Radio. He is regularly interviewed by the Associated Press and Reuter’s news wire services. He is often quoted in regional media such as the Pittsburgh Post-Gazette and the Philadelphia Inquirer.
In addition, Hoffman has regularly participated in the Federal Reserve Bank of Kansas City Jackson Hole Symposium, where he discusses key economic issues with Chairman Alan Greenspan and other global monetary policymakers.
Hoffman is the President and a member of the Board of Directors of the National Association for Business Economics (NABE). He also serves on the Board of Directors of the Pennsylvania Partnership for Economic Education and the Economic Club of Pittsburgh--the local chapter of NABE.He is the past chairman of the American Bankers Association Economic Advisory Committee that met semi-annually with Chairman Greenspan and other Federal Reserve Board Governors.
Hoffman is a 1971 graduate of Pennsylvania State University. He received a master's degree in 1973 and a doctorate degree in economics in 1975, both from the University of Cincinnati, where he was a Charles Phelps Taft Memorial Fellow. In 2004, the University of Cincinnati honored him as a Distinguished Alumni.
Brian K. Bucks
Economist
Federal Reserve Board
Brian Bucks is an Economist in the Financial Studies Section, Division of Research and Statistics, at the Federal Reserve Board of Governors. Mr. Bucks has been at the Board of Governors since 2004, where his work focuses on collecting, producing, and analyzing the Survey of Consumer Finances, a survey of household income and wealth conducted by the Federal Reserve Board every three years. His recent research includes an examination of how accurately homeowners assess the value of their home and how well they know the details of their mortgages. He has also analyzed the determinants of growth in homeownership in the last decade and is currently considering the effects of self-employment on income and wealth inequality. In other work, Mr. Bucks examined the effect of eliminating affirmative action in higher education on students' college choices and academic performance. Mr. Bucks received his Ph.D. in Economics from the University of Wisconsin–Madison.
Mr. Donald E. Inscoe (Don)
Deputy Director
FDIC Division of Insurance and Research
Don is currently the Deputy Director of the FDIC Division of Insurance and Research. He has more than 30 years experience in the information business, with both business and technical perspectives. He has worked to make banking statistics useful for a wide variety of purposes for audiences both within the banking agencies and the private sector.
Don has led the development of numerous publications used as standard references for comparative analysis of individual institutions as well as the overall condition of the banking industry. Bank examiners, investors, bankers, other private and government analysts and the media typically use these publications.
Don began his FDIC career as a bank examiner, and is a graduate of the University Of Maryland School Of Business, 1971.
