Financial strain and material hardship in New England during the COVID-19 pandemic
New England experience of financial strain during COVID crisis largely mirrors that of the nation
Read moreCOVID-19 Resources
A message from Boston Fed President Eric Rosengren
The stark effects of the COVID-19 pandemic on public health have shaken our communities nationwide, even as the necessary response – social distancing – has stilled our strong economy, disrupting countless lives and livelihoods. The situation has also distorted the credit and liquidity flows that underpin the economy, threatening greater pain from financial spillovers.
The Boston Fed – one of 12 Reserve Banks that make up the central bank – is focused on addressing, and blunting, the economic effects of the pandemic for households and businesses across New England and the U.S. This is a time when the brainpower of our region and nation is urgently needed. We must continue to be nimble, creative, proactive, and, perhaps most importantly, collaborative. What we all do in the public interest, together, will help shape the recovery.
On these pages, you’ll find information about the insights, resources, and strategies the Fed is using to stabilize our economy and ease a crisis that impacts American citizens everywhere. We look forward to sharing this information as we all work for the benefit of our neighbors and our nation during these challenging times.
Eric Rosengren, President & CEO
Services & Resources
Community Reinvestment Act & Regulatory Guidance
A curated collection of information for financial institutions from federal regulatory agencies.
Employees, Workers, and Individual Assistance
Federal, state, and municipal resources for individuals and families affected by COVID-19.
Financial Counseling & Credit Protection
Services and resources related to monitoring and supporting individual financial health during the COVID-19 pandemic.
Health & Wellness
Information for individuals, businesses, and healthcare providers in New England related to COVID-19.
Housing
Resources for homeowners and renters impacted by COVID-19.
Non-profits & Community Organizations
Services, resources, and tools for community-based organizations related to COVID-19.
Paycheck Protection Program Information for Small Businesses
Information to raise awareness of and increase access to the PPP, particularly among small-sized and minority-owned businesses across New England, including nonprofits.
Small Business
External resources and guidelines for New England small businesses impacted by COVID-19.
Special Facilities
The Federal Reserve System is working to support the flow of credit to households and businesses and the overall U.S. economy during the COVID-19 pandemic.
Federal Reserve Resources
A comprehensive list of Federal Reserve actions in response to COVID-19.
