The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
The New York Fed’s Small Business Credit Survey collects information from small businesses in New York, New Jersey, Connecticut and Pennsylvania—about their performance, financing decisions and credit experiences.
The Small Business Credit Survey (SBCS) is a semi-annual establishment survey conducted by the Federal Reserve Bank of New York, reporting information about business performance, financing needs and choices, and borrowing experiences. The SBCS captures the perspectives of businesses with fewer than 500 employees in New York, New Jersey, Connecticut, and Pennsylvania. The SBCS is distributed through civic and non-profit partners, primarily Chambers of Commerce, industry associations, and development corporations/authorities.
In total, there were 835 responses to the survey fielded from April 3, 2014 to June 20, 2014. The number of responses to each individual question varied based on relevance. Results are weighted to reflect the full population of small businesses in the four states of coverage along the dimensions of industry, age, employee size, and geography.
The Federal Reserve Bank of New York's Office of Regional and
Community Outreach asks small businesses about their business
performance, financing choices, and borrowing experiences. The
survey was conducted online and distributed through a network
of local government and nonprofit partners.