Welcome Remarks Introduction to the Finalists Presentations

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Welcome Remarks Introduction to the Finalists Presentations Powered By Docstoc
					             MyMoneyAppUp Challenge
    Final Round Competition and Awards Ceremony
                              Cash Room
                             U.S. Treasury
                          September 28, 2012

Mary John Miller
Under Secretary for Domestic Finance

Neal S. Wolin
Deputy Secretary

Introduction to the Finalists’ Presentations
Sophie Raseman
Director of Smart Disclosure, Office of Consumer Policy

Presentations by Challenge Finalists
        Bank Up App – Patrick Peterson and Ryan Heger
        Buying Happiness App – Collin O’Rourke
        Centz App – Nicole Kendrot
        Crazy Money App – Nancy Lottridge Anderson
        Know it ALL! App – Rob Scott
        MOOLAH App – Pamela Chan and Eric Tyler
        My Next Car! App – Richard Trask and Jason Mastriana
        PayU App – Marianne Switaj

Remarks by the MyMoneyAppUp Partners
Timothy Flacke
Executive Director
Doorways to Dreams Fund

Kimberly Gartner
Senior Vice President, Advisory Services
Center for Financial Services Innovation

Announcement of Winners
Cyrus Amir-Mokri
Assistant Secretary, Financial Institutions
                              MyMoneyAppUp Partners and Funders

About D2D Fund
Doorways to Dreams (D2D) Fund strengthens the financial opportunity and security of low and moderate income
consumers by innovating, incubating and stimulating new financial products and policies. Operating at the
intersection of the private, non-profit and public sectors, D2D incubates and promotes practical applications with
social impact that might otherwise lack a champion to nurture and bring them to market. D2D was incorporated as
a 501(c)3, non-for-profit organization in 2000 and is headquartered in the Allston neighborhood of Boston, across
the street from Harvard University’s recently opened Innovation Lab. For more on D2D, visit

About CFSI
The Center for Financial Services Innovation a leading authority on financial services for underbanked consumers.
Since 2004, its programs have focused on informing, connecting, and investing – gathering enhanced intelligence,
brokering and supporting productive industry relationships, and fostering best-in-class products and strategies. CFSI
works with leaders and innovators in the business, government and nonprofit sectors to transform the financial
services landscape. For more on CFSI, go to or follow us on twitter @cfsinnovation.


About Ford Foundation
The Ford Foundation is an independent, nonprofit grant-making organization. For more than 75 years it has
worked with courageous people on the frontlines of social change worldwide, guided by its mission to strengthen
democratic values, reduce poverty and injustice, promote international cooperation, and advance human
achievement. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East,
and Asia.

About Citi Foundation
The Citi Foundation is committed to the economic empowerment and financial inclusion of low- to moderate-
income people in communities where Citi operates. We work collaboratively with a range of partners to design and
test financial inclusion innovations with potential to achieve scale and support leadership and knowledge building
activities. Through our “More than Philanthropy” approach, we put the strength of Citi’s people and business
resources to work to enhance our philanthropic investments and help improve the lives of people and communities.
Additional information can be found at

About Omidyar Network
Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create
opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife
Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change.
To date, Omidyar Network has committed more than $550 million to for-profit companies and non-profit
organizations that foster economic advancement and encourage individual participation across multiple initiatives,
including entrepreneurship, financial inclusion, property rights, government transparency, consumer Internet and
mobile. To learn more, visit
                            Summary of App Designs and Finalist Bios

BankUp App
Patrick Peterson and Ryan Heger

This app seeks to increase financial capability by motivating users to set and achieve financial goals. It also connects
users to banking services. The design leverages gamification to engage users and their social networks in identifying
and achieving their goals. For example, users earn rewards by achieving stated goals (such as opening a checking
account or learning about debt), or when completing educational modules designed to help them improve their
financial literacy.

About Patrick Peterson and Ryan Heger –
   Patrick and Ryan designed the BankUp app to motivate the nearly quarter of American households who are
   unbanked or underbanked to make better financial decisions and secure a better financial future for themselves
   and their families. They were inspired to enter the MyMoneyAppUp Challenge after trying to find tools to help
   them make better budgeting and banking decisions, such as which banks offer the best accounts and how to
   manage their monthly budgets.

    Ryan spent two years helping families make better financial choices through his work with multiple
    organizations. He witnessed firsthand the effect that the lack of financial knowledge and motivation can have in
    limiting access to the banking system. Patrick has a bachelor’s degree in international affairs from the University
    of Minnesota, and a graduate degree in management and international economics from Columbia University’s
    School of International and Public Affairs.

    Patrick spent two years managing a software product for the U.S. Census Bureau that automates the analysis
    of federal statistical data. Patrick is the founder of Departure Labs, a mobile app startup that is developing an
    augmented reality app for the Android platform. Ryan holds a bachelor’s degree in international affairs from
    The George Washington University. They both live in Washington, DC.

    Presently, both Patrick and Ryan work for the Department of Defense on Afghanistan reconstruction issues.

Buying Happiness App
Collin O’Rourke

The Buying Happiness app helps users identify their savings patterns and to think about their decisions in a new
way. Users track purchases by entering and categorizing them into their phone (e.g., “spending time with family
or friends,” “giving / charity,” “saving or investing,” “travel”). The app then follows-up and asks users to rate
how much better their previous purchases have made them. The app also produces graphs showing the record of
purchases and users’ happiness ratings over time, allows them to share information about their spending with family
and friends, and to compare their spending habits with others.
About Collin O’Rourke –
   Collin is an outreach specialist with the Univer sity of Wisconsin-Madison Center for Financial Security, where
   he is currently engaged in evaluating financial coaching programs and developing a common set of outcome
   measures for the field. In 2009 at age 23, Collin was appointed to the Lake County, Illinois Board and serves as a
   Commissioner for the Lake County Forest Preserve District until December 2012. Collin completed a master’s
   degree in public policy and his undergraduate education at UW-Madison.

   The idea for the Buying Happiness app emerged from personal experience. Collin noticed that he sometimes
   spends a lot of money on things that ultimately do not improve his quality of life, but at other times spends
   little money on things that do make him happier—spending more money does not necessarily “buy” greater
   happiness, and it is difficult to predict how specific purchases will affect well-being over time. Collin also noted
   research which showed that despite the fact the United States has grown in wealth since the 1950s, happiness
   levels had barely changed. The Buying Happiness app is intended to help individuals spend their money in
   ways that actually make them happier. By connecting everyday financial behavior to overall happiness, the
   app motivates users to take charge of their financial futures. The app idea draws the broader issue of people’s
   psychological well-being to discussions about how Americans manage their money.

Centz App
Nicole Kendrot

This design helps make student loans easier and simpler to manage. Among other features, the app allows users
to: link information about all their student loans in one place; create a payoff plan that synchs with their budget;
identify how to reduce payment periods and total interest due by making extra payments; learn about managing
student loans; and test their knowledge about student loans and personal finance.
About Nicole Kendrot –
   Living in Hoboken, NJ and working in New York City, Nicole is a user experience designer whose goal is to
   design and build memorable, pleasurable and usable experiences on and off the web. Nicole’s work includes user
   research, information architecture, content strategy, branding, web design and web development. Nicole saw the
   MyMoneyAppUp Challenge as an opportunity to utilize these skills to solve a personal problem and a problem
   faced by over 37 million others in the United States who have amassed over $1 trillion in student loan debt.

   Nicole took out student loans to fund both her undergraduate and graduate education. When the payments
   finally became due, she found herself frustrated and confused when trying to make sense of the multiple
   accounts, bills, servicers, and due dates each month. Unable to find a good technological solution for managing
   her student loans and knowing that she was far from alone, Nicole set out to design Centz. Centz is Nicole’s
   first foray into mobile design and she believes that Centz has the potential to make a real difference in student
   loan borrowers’ lives by increasing awareness of total student debt owed, motivating student loan borrowers to
   decrease their debt, and educating users about student loans and personal finance.
Crazy Money App
Nancy Lottridge Anderson

This tool uses a game interface to help users track and control impulse spending – that is, their “crazy” money.
Essentially, the user uses the app to create a game to track his impulse spending. Users set a monthly limit for their
crazy money expenditures. They also set parameters for their use of the funds. Alarms sound when the user exceeds
his crazy money budget, and other people in the user’s network are notified about the particular expenditure.

The app can be used by individuals to track their own impulse spending. It is also useful for helping others – such
as a parent who wants to teach their child about spending, or an adult who is eager to keep their partner in line in
terms of their spending. Families can play together – by allocating “crazy” money in the app’s account and tracking
each others’ expenditures.

About Nancy Lotteridge Anderson --
   Nancy has run her own financial planning and investment management firm for 20 years. For the past 5 years,
   she has also been Assistant Professor of Finance at Mississippi College. The “Lottridge” is not her maiden name;
   rather, it is her first husband’s name. After he died of cancer at age 34, Nancy was left with a daughter to raise
   on her own. At the time, she was working for another investment advisor and recognized that there were many
   women like her— whether never married, divorced, or widowed—who needed help with their finances. So, she
   decided to start her own investment advisor business.

   In her business, Nancy has come across many families struggling with their finances. She saw that detailed
   budgeting was necessary, but a chore for these families. This observation led her to get people to focus on their
   “crazy” impulse spending.

   Nancy’s approach hones in on the miscellaneous spending category. She found that if families could discipline
   their impulse spending, it helped both their financial situation and their family relationships. Everyone is
   empowered to make economic choices based on the limits of their “crazy” budget. No one gets to point fingers
   about money. “He spends too much on gadgets,” and “She spends too much on clothes.” That goes away.

   Each week, Nancy co-hosts a radio show on Mississippi Public Broadcasting called “Money Talks,” where she
   uses this idea with listeners. Though not an app designer herself, Nancy recognized that an app version of her
   approach needed to be simple to use, and it should have the appearance of a game. In addition, there should be
   rewards for participating so that people keep doing it! And thus, Crazy Money was born.

   Nancy has held a Chartered Financial Analyst designation since 1996, earned her doctorate in Business
   Administration from Mississippi State University in 2008, and writes a weekly column for the Mississippi
   Business Journal. Twenty years after losing her first husband, Nancy finds herself married with a settled, married
   daughter, a great second marriage, and a successful business.
Know it ALL! App
Rob Scott

This app enables consumers to instantly calculate the full cost of a credit card purchase so they can make a fully
informed decision about it. The app calculates the amount of interest the purchaser will be charged given his or her
current interest rate, current credit card balance, and minimum monthly payment. The app includes a scanner for
reviewing a price via a UPC or QR code. Once the information is scanned, the tool displays a full financial impact
statement with details on the long-term cost of their purchase, given different credit cards.

About Rob Scott --
   Rob was raised and educated in Texas, and holds a Master’s Degree in Instructional Technology from Texas Tech
   University and an Executive MBA from the University of Texas at Dallas. He started his professional career as
   a classroom teacher. He moved into the private sector as a technology consultant, and has held various roles in
   training product development and delivery. He currently lives in Parrish, Florida and has global responsibility
   for leading the development and delivery of all Technical, Sales, and Industry Training for a business unit within
   UTC Climate, Controls, & Security. Rob balances his life by traveling, reading, and cooking with his very much
   adored and ever expanding family. Do not make the mistake of asking about his grandchildren, unless you have
   several hours to burn.

   Rob learned of the MyMoneyAppUp Challenge during an interview on the television show Morning Joe, when
   one of the panelists discussed the unique opportunity to design an app which could help consumers make more
   informed decisions about their personal finances. As mentioned in his submission, Rob’s mother has struggled
   with bankruptcies and the aftermath of loss of credit and lower credit scores. He designed the Know It ALL! app
   to help people understand the full ramifications of purchases made against their current credit card balances.

Pamela Chan and Eric Tyler

This app is a financial decision-making tool that assists low-income households achieve their goals. The app enables
users to assess their financial situation and create a budget with connections to public benefits. It also recommends
relevant social services and financial products. In short, it is personal financial management software combined with
a single-stop public benefits and community services referral portal.

About Pamela Chan and Eric Tyler –
   The idea behind MOOLAH started back in 2009 when the word “mobile” was still associated more with cars
   than phones. Pamela Chan was in her final year of graduate school, and was working with a legal aid bureau
   in Chicago to explore ways to integrate a financial clinic into the bureau so clients could get assistance with the
   financial issues underlying their legal problems. Through her experience working with clients at legal aid and
   researching financial clinics that linked community members with supportive public benefits and financial advice
   in New York City, the United Kingdom, and Ireland, she came to realize how the lives of low-income people are
   often exacerbated by complex public benefits systems and seemingly inaccessible financial services. As a result,
   the need for unbiased, financial advice with someone that understands the context in which low-income people
   make decisions is great, but largely unanswered. Thinking of ways to increase access to such services caused her
   to think, “Wouldn’t it be cool to have a financial clinic in a mobile truck that could go from community to
   community, and serve people in a place that was most convenient for them?”

   Early on, the idea seemed a bit too lofty. So, rather than dwelling on the idea of a financial clinic truck, Pamela
   moved to Washington, DC and started working at a think tank called the New America Foundation where
   she could continue to study how to make the financial lives of low-income families easier. At the beginning of
   2012, she joined a group of local community-based organizations and the US Administration for Children and
   Families that hopes to incorporate more opportunities to assist low-income DC residents with financial tools
   and services through social service agencies. Remembering her experience with the legal aid bureau in Chicago,
   Pamela quickly realized that a “mobile” financial clinic in 2012 would be more achievable as a mobile phone
   service rather than a truck. With mobile phones already in the hands of many low-income people, users could
   now get financial advice on demand at any time and any place. She brought the idea to a variety of people,
   including representatives of the DC Department of Human Services and Bank On DC, who felt it could have
   an impact and work well with some of their initiatives. However, she still needed to know more about mobile
   phones, and their capabilities as a financial tool for low-income people.

   Fortunately, Eric Tyler, one of her colleagues at New America focuses on how technology can be leveraged to
   lift marginalized populations out of poverty. In his research, he traveled to Kenya, India, and the Philippines to
   examine a wide range of different technology deployment from mobile money to open data projects. During
   these travels, he realized that in many ways, the United States had fallen behind in utilizing mobile phone
   technology to meet the needs of low-income populations. He affirmed MOOLAH’s feasibility as a mobile
   application, and together, they re-envisioned MOOLAH as a real way for people to “Make Opportunities Open
   by Levering Assets Here.”

My Next Car! App
Richard Trask & Jason Mastriana

This app helps people save in advance of their next car, thereby avoiding car loan interest payments. It is designed
specifically for first-time automobile purchasers, as well as for people who have paid-off their current car but want
to continue making “car payments” into a savings account. The app includes such features as: upload a photo of
the desired car to set a goal, shopping guides and tools, a monthly “e-bill” reminder to save for your new car and a
running total of “interest saved” by saving for the purchase rather than borrowing.

About Richard Trask and Jason Mastriana –
   Jason is a digital designer specializing in UI design for websites and apps as part of the team at Digital Eye, LLC,
   a website development company in Wilmington, Delaware. Richard is a founding partner and president of the
   company. Richard and Jason, along with the rest of the team at Digital Eye, work to design and develop web
   and app solutions for a variety of clients including financial institutions, universities, law firms, and non-profit

   The concept for the My Next Car! mobile app was inspired by the MyMoneyAppUp Challenge. “I was excited
   when I first saw the MyMoneyAppUp website. I immediately started getting ideas together for financial apps,”
   Richard remarked. He submitted four concepts to the IdeaBank Challenge. “After reading some of the other
   IdeaBank entries, I suddenly had the idea for an app that could help Americans minimize the expense of car
   loan debt.” Richard and Jason began collaborating to develop the concept and put My Next Car! on the road to
   Washington, DC as a Challenge finalist.

   Jason resides in Newark, Delaware with his wife, Claudia. Richard is the father of six-year-old twins and lives
   with his wife in nearby Landenberg, Pennsylvania.

PayU App
Marianne Switaj

This app helps consumers “pay themselves first” by scanning / entering saving amounts from a store receipt or online
order, charging a debit or credit card for the amount, and depositing that amount into a savings account. The app
also includes a game feature that enables users to earn “points” for having a zero balance in credit card accounts or
lowering their credit card balance, saving money, and so forth.

Merchants can take part by using the PayU icon to encourage savings along with promoting their business. The
icon could be scanned to bring up the automatic savings and/or play the PayU game. Businesses also could provide
coupons / savings incentives as a reward for success with the game.

About Marianne Switaj –
   Marianne Switaj is a wife and mother of two college students from Middletown, PA. She has taught high school
   business for 33 years at Elizabethtown Area High School. Marianne was inspired to create PayU when she
   notices a receipt from a department store. The receipt stated that she had saved a significant amount of money,
   even though she hadn’t thought consciously about the savings. She thought perhaps this ‘accidental’ savings
   created an opportunity to pay someone else that so-called saved money. There had to be an easy way to get that
   saved amount to a savings account so you can pay yourself first. There needed to be an incentive to pay yourself
   first especially for young adults and the Pay Yourself Game (PYG) would be a way to do this for all savers. The
   game would also introduce savings plans such as 401K, 529 college plans, and IRAs to teens and others. This is
   Marianne’s first experience with app design.
                                         MyMoneyAppUp Judges

Chris Bishko, Director, Investments at Omidyar Network - Chris Bishko leads Omidyar Network’s investments
in U.S. technology-enabled financial services companies.
Twitter: @ChrisBishko

Jean Chatzky - Jean Chatzky is an award-winning personal finance journalist, best-selling author and television
personality who specializes in making money make sense.
Twitter: @JeanChatzky

Sendhil Mullainathan, Professor of Economics at Harvard University & Founder of ideas42 - Sendhil
Mullainathan is a Professor and Founder of ideas42, a non-profit behavioral economics ideas lab devoted to turning
insights about people from behavioral economics into policies, interventions, and products that solve some of the
world toughest problems.
Twitter: @m_sendhil

Carol Realini - Carol Realini is a globally recognized banking innovator and mobile payment pioneer as well as a
successful serial entrepreneur, author, and board member. She is passionate about the potential of mobile to enable
financial services that empower people’s life and work.
Twitter: @carolrealini

Jennifer Taylor, Platform Product Marketing Manager, Facebook - Jennifer Taylor leads the Product Marketing
team for the Facebook Platform. Before Facebook, Taylor was Senior Director of Product Management for Rich
Media Solutions at Adobe. Taylor joined Adobe in 2005 as part of the Macromedia acquisition.

Jonathan Weiner, Business Development, Payments at Google - Jonathan Weiner is a recognized leader and
proven entrepreneur with a consistent track record of creating and managing successful business ventures.
Twitter: @jonathanweiner
                                      MyMoneyAppUp Challenge
     Ideas and designs for next generation mobile tools to help Americans shape their financial futures

Mobile technologies have the potential to transform how consumers access financial products and how they make
decisions about their finances. Use of mobile devices is growing rapidly, including among traditionally underserved
consumers. In addition, the expansion of access to data about financial products is creating new opportunities for
innovators to create data-driven tools and services that empower financial consumers. These advances in technology
make possible a new class of apps that allow consumers to search for and access financial products on demand,
manage their finances, and set and stick to financial goals. In order to foster innovations that capitalize on this
opportunity, the Treasury Department, in partnership with the Doorways to Dreams Fund (“D2D”) and Center for
Financial Services Innovation (CFSI), launched the MyMoneyAppUp Challenge.

The MyMoneyAppUp Challenge is a contest offering cash prizes intended to motivate American entrepreneurs,
software developers, the public, and students to propose the best ideas and designs for next-generation mobile tools
to help consumers make smart financial choices, access high quality financial products and services, and ultimately
control and shape their financial futures.

The Challenge accepted two types of app ideas from competitors:

The IdeaBank:
The IdeaBank called for ideas, in 140 characters or less, for app-based solutions from the general public (such as
industry leaders, academics, and consumer advocates). There were more than 300 ideas submitted in 140 characters
or less for next generation mobile tools to help Americans shape their financial futures. These submissions came
from a diverse cross-section of the public including industry leaders, academics, and consumer advocates. A panel of
judges selected the final winners from a group of finalists selected through public voting. More than 1,300 people
weighed in on their favorite ideas, with winners receiving cash prizes ranging from $250 to $1,000.

App Design Challenge:
The App Design Challenge solicited comprehensive design proposals for apps from companies, individuals, and
teams of individuals. Contestants completed an online submission form on the Challenge website detailing their
design and how it will improve financial access and/or capability. A small panel of expert judges reviewed and scored
the proposals with the winners receiving cash prizes ranging from $2,500 to $10,000.

The Challenge is part of Treasury’s efforts to promote Smart Disclosure, a new initiative to expand access to data
that can fuel the creation of new products and services that benefit financial consumers, such as mobile personal
financial management apps. Contestants encouraged to create ideas and designs for apps that incorporate data to
promote financial capability and financial access.

Support for prizes and the administration of the Challenge by D2D and CFSI comes from the Ford Foundation,
Omidyar Network, and the Citi Foundation. No government funds were used as part of the MyMoneyAppUp

At the conclusion of the MyMoneyAppUp Challenge, competitors who want to take their winning ideas to the next
step and develop fully functional apps may enter the Financial Capability Development (FinCapDev) Competition,
a separate, complementary competition sponsored exclusively by D2D and CFSI.
                                              Treasury Notes Blog

A One-StOp-ShOp fOr InnOvAtOrS
By: Sophie Raseman and Nicholas Bramble | 9/18/2012

All too often entrepreneurs and innovators lack easy access to the information they need to build effective online
and app-based consumer tools. In an effort to change that, Treasury today launched a new Finance Data Directory,
which will make finance-related data sets from multiple federal agencies available to the public in one convenient

Resources like the Directory are part of ongoing Administration efforts to foster innovation by making government
data sets more accessible and usable. Just last week, the White House held a “Safety Datapalooza” where officials
announced new safety data resources, including valuable tools to strengthen emergency response and preparedness,
and provide real-time details about natural disasters.

Entrepreneurs will utilize the Directory’s finance data sets in different ways to help consumers manage their money
or make personal finance choices. One company already uses the Department of Labor’s data to help employees
understand the 401(k) plans offered by their employers; another company makes use of the Consumer Financial
Protection Bureau’s recently launched credit card complaint database to help consumers monitor their accounts for
suspicious charges.

The Finance Data Directory is part of Treasury’s work to promote the development of the next generation of
personal finance tools that promote financial capability. Treasury is working to promote smart disclosure, for
example, in order to make data available in ways that can be used to create tools that help Americans take control of
their financial lives. We are also leading the MyMoneyAppUp Challenge, a contest intended to motivate American
entrepreneurs, software developers, the public, and students to propose ideas and designs for mobile tools to help
Americans control and shape their financial futures. The new Directory will make it easier for contributors to the
MyMoneyAppUp Challenge and others interested in next generation applications to use federal government data
sets to start building working mobile tools.

Still, this new Directory is only an initial step for Treasury. We will continue to expand and improve the Directory,
but to do so we need to hear from you. Your ideas will help us foster innovations in personal finance tools and
promote financial capability. We encourage the public to explore the Finance Data Directory and suggest ways for
Treasury to improve on how the data can be presented to help financial consumers make smarter financial choices. If
you have a great idea for a data set to include, an example of how these data sets are being used today or can be used
in the future, or any other feedback, tweet at @USTreasury with the hashtag #financedata or email financedata@

Sophie Raseman is the Director of Smart Disclosure in Treasury’s Office of Consumer Policy. Nicholas Bramble is a
Presidential Innovation Fellow in the Office of Consumer Policy.
                                                             Resource Center
Finance Data Directory
The purpose of the Finance Data Directory is to make it easier for members of the public, software developers, and
other innovators to promote financial capability by using finance data to create personal finance tools. This page
contains a selection of federal data sets relevant for financial consumers and investors, along with short descriptions
of each data set and links to sites where you will be able to find, download, and share the data. You can also explore for finance and other data sets.

This listing will be updated as new data sets become available. If you have suggestions for additional data sets that
should be included in this list, or would like to be notified when new data sets become available, please contact and

           Source                    Link to Data on                                              Description                                 
                                     Agency Website                                                                                                       Link
 Consumer Financial Protection   CFPB Consumer              Database of consumer credit card complaints received by the Consumer Financial
 Bureau                          Complaint Database         Protection Bureau, with tools to search and visualize complaints based on zip code,
                                                            response, volume, and issue.
 Consumer Financial Protection   CFPB Credit Card           Database of credit card agreements from more than 300 card issuers. Agreements can
 Bureau                          Agreement Database         be searched by name of the issuer or by text within the agreement.
 Department of Commerce /        Integrated Macroeconomic   Aggregate data related to income and spending, capital formation, and financial
 Bureau of Economic Analysis     Accounts for the United    transactions for households and non-profits serving households.
 Department of                   Federal Student Aid        Central source of information relating to the federal financial assistance programs,        „
 Education                       Gateway                    authorized under Title IV of the Higher Education Act of 1965, as amended. Information
                                                            includes Student Aid data (application volume by state, Title IV loan volume by school,
                                                            and default rates); School Data (information about 6,000 institutions that participate in
                                                            Title IV programs), and reports on lenders and guaranty agencies related to the Federal
                                                            Family Education Loan (FFEL) program.
 Department of Housing and       American Housing           Data on apartments, single-family homes, mobile homes, vacant homes, family                 „
 Urban Development               Survey                     composition, income, housing and neighborhood quality, housing costs, equipment,
                                                            fuels, size of housing unit, and recent movers. National data
                                                            are collected every other year from a fixed sample of approximately 50,000 homes (plus
                                                            new construction each year).
 Department of Housing and       Government Sponsored       Single-family mortgage loans: provides information on
 Urban Development               Enterprise (GSE) Data      the income, race, and gender of borrowers as well as the census tract location, loan to
                                 Assessing Mortgage         value, and affordability of the loans. Multi-family mortgage loans: provides information
                                 Purchases by Freddie Mac   on the number, type, and affordability of units and size of property securing the loan.
                                 and Fannie Mae
 Department of Housing and       Residential Finance        The Residential Finance Survey contains detailed information for all first mortgages        „
 Urban Development               Survey                     including: application method, reasons for refinancing, amounts and uses of cash-
                                                            outs, year of origination, use of mortgage insurance or guarantees, type of mortgage,
                                                            origination amounts
                                                            and current balance, interest rate, interest rate buydowns, original and remaining term
                                                            of the mortgage, indexes and caps used for ARMs, and items included in and amounts
                                                            of monthly payments. Similar but less detailed information is reported for junior
                                                            mortgages and home equity lines of credit. Information is organized by tenure--owner-
                                                            occupied, rental, and vacant units--and by number of units in the property.
 Department of Labor / Bureau    Consumer                   Two surveys--the Quarterly Interview Survey and the Diary Survey--providing                 „
 of Labor Statistics             Expenditure Survey         information on the buying habits of American consumers, including data on
                                                            their expenditures, income, and consumer unit (e.g., family or single consumer)
 Department of Labor /           Retirement and Welfare     Information about the operations, funding and investments of approximately 800,000          „
 Employee Benefits Security      Benefit Plan Data (Form    retirement and welfare benefit plans.
 Administration                  5500
            Source                   Link to Data on                                                    Description                                   
                                     Agency Website                                                                                                               Link
Department of the Treasury       Charts and Tables from         Links to the charts and tables that are included in the Financial Report of the United          „
                                 the Financial Report of the    States. This report addresses the position and condition of the U.S. Government with
                                 United States                  respect to financial topics, economic recovery efforts, and fiscal sustainability. The report
                                                                includes data on revenues and costs, assets and liabilities, and other obligations and
Department of the Treasury       Interest Rate                  Statistics compiled on a daily basis relating to Treasury Yield Curve Rates, Treasury Bill      „
                                 Statistics                     Rates, and Treasury Long-Term Rates.
Department of the Treasury       Monitoring the                 Summary tables of monthly and quarterly U.S. economic statistics based upon a variety
                                 Economy                        of economic indicators including unemployment rate, payroll employment, inflation,
                                                                housing, automobile sales, business inventories, trade balance, and interest rates.
Department of the Treasury /     Average Interest Rate for      Average interest rates for U.S Treasury securities for the most recent month compared           „
Bureau of the Public Debt        Treasury                       with the same month of the previous year. Data is calculated based on the total
                                 Securities                     unmatured interest-bearing debt, and is broken down by various marketable and non-
                                                                marketable securities.
Department of the Treasury /     Mortgage and Real              Datasets on mortgage fraud hotspots (based on Suspicious Activity Report data),
Financial Crimes Enforcement     Estate Fraud                   suspected mortgage fraud, suspected money laundering and fraud, reverse mortgages,
Network                                                         mortgage fraud cases supported by FinCEN filings, and foreclosure scams and loan
                                                                modification fraud.
Department of the Treasury /     Business Tax                   Studies and data on income, deductions, credits, and other tax-related items reported
Internal Revenue Service         Statistics                     by businesses to the
                                                                IRS. Statistics are compiled on corporations, international
                                                                corporate activities, partnerships, S corporations, sole proprietorships, and excise taxes,
                                                                among other items.
Department of the Treasury /     Charitable Statistics          Studies and data relating to the tax-exempt sector, including nonprofit charitable              „
Internal Revenue Service                                        organizations, private foundations and charitable trusts, split-interest trusts, and
                                                                tax-exempt bonds. statistics on taxable income produced by exempt organizations, :
                                                                aggregate income tax return data relating to individual taxpayers, estate taxes, personal
                                                                wealth, and income from trusts and estates.
Department of the Treasury /     Individual Tax                 Studies relating to the individual taxpayer: aggregate income tax return data relating to       „
Internal Revenue Service         Statistics                     individual taxpayers, estate taxes, personal wealth, and income from trusts and estates.
Department of the Treasury /     U.S. Population                Migration patterns by state and county for the entire United States. Data is available by       „
Internal Revenue Service         Migration Data                 inflows (the number of new residents who moved to a county or state and where they
                                                                migrated from) and by outflows (the number of residents leaving a county or state and
                                                                where they went).
Federal Deposit Insurance        Call Reports                   Bank financial data from the financial reports (Reports of Condition and Income)
Corporation                                                     submitted by all insured commercial banks and state-chartered savings banks.
Federal Deposit Insurance        Community Reinvestment         Current and past CRA ratings and performance evaluations for specific institutions that
Corporation                      Act Rating Search              have been examined by the FDIC since July 1, 1990. A CRA rating is an assessment of
                                                                how effectively a financial institution has performed in helping to meet the credit needs
                                                                of its community.
Federal Deposit Insurance        FDIC Institution               A directory of all FDIC-insured institutions, including demographic information related         „
Corporation                      Directory                      to each institution— location detail (name, city, state, etc.), operating status (active,
                                                                inactive, bank class, etc.), and key financial information reported by the institution.
Federal Deposit Insurance        FDIC Survey of Unbanked        Data on the number of U.S. households that are unbanked or underbanked, the
Corporation                      and Underbanked                demographic characteristics of such households, and their reasons for being unbanked
                                 Households                     or underbanked.
Federal Deposit Insurance        Summary of Deposits            Deposit data for branches and offices of all FDIC-insured institutions as of June 30            „
Corporation                                                     of each year, by: (1) single institution, (2) institutions within a geographic area, or (3)
                                                                aggregated within a geographic area.
Federal Financial Institutions   Bank Holding Company           Summary of peer group financial data and a listing of Bank Holding Companies (BHCs)
Examination Council              Peer Group Average             in each Peer Group. A report listing the BHCs in Peer Group 9, typical Bank Holding
                                 Financial Reports (National    Companies, is also provided.
                                 Information Center)
Federal Financial Institutions   Central Data Repository        Financial and structural information for most FDIC- insured institutions.
Examination Council              for Financial and Structural
                                 Information for Most FDIC-
                                 Insured Institutions
Federal Financial Institutions   Community Reinvestment         Data on small business, small farm, and community development lending reported                  „
Examination Council              Act Data                       by certain commercial banks and savings institutions, pursuant to the Community
                                                                Reinvestment Act (CRA).
            Source                   Link to Data on                                                Description                                    
                                     Agency Website                                                                                                            Link
Federal Financial Institutions   Community Reinvestment       Community Reinvestment Act (CRA) ratings of individual depository institutions. A
Examination Council              Act Rating Search            CRA rating is an assessment of how effectively a financial institution has performed in
                                                              helping to meet the credit needs of its community.
Federal Financial Institutions   Home Mortgage Disclosure     This site contains aggregate and individual financial institution data on home mortgage        „
Examination Council              Act (HMDA) Data              and home improvement loan applications. Home mortgage loan application register
                                                              data is reported by certain banks, credit unions, savings associations, and non-
                                                              depository institutions pursuant to the Home Mortgage Disclosure Act (HMDA).
Federal Reserve                  Survey of Consumer           Broad-based assessment of U.S. consumers’ adoption and use of nine payment
Bank of Boston                   Payment Choice Data          instruments, including cash.
Federal Reserve                  Bank Holding Company         Quarterly datasets dating back to 1986 for (1) domestic bank holding companies
Bank of Chicago                  Financial Data               on a consolidated basis, (2) all large domestic bank holding companies on an
                                                              unconsolidated parent-only basis, and (3) all small domestic bank holding companies
                                                              on an unconsolidated parent basis. Includes balance sheet and income information for
                                                              all three categories.
Federal Reserve Bank of New      U.S. Credit Condition—       Information on household debt and credit trends for mortgages, student loans, bank
York                             Household Debt and Credit    cards, and credit cards.
Federal Reserve                  Consumer Credit              Information on aggregate consumer credit outstanding in the United States by type of           „
Board                            Data                         product, provider, and terms.
Federal Reserve                  Finance Company              Quarterly information on receivables (consumer, real estate, and business loans) held
Board                            Data                         and managed by finance companies.
Federal Reserve                  Household Debt Service       The household debt service ratio is an estimate of the ratio of debt payments (i.e.,
Board                            and Financial Obligations    estimated required payments on outstanding mortgage and consumer debt) to
                                 Ratios                       disposable personal income. The financial obligations ratio expands upon the debt
                                                              service ratio by factoring in additional items--automobile lease payments, rental
                                                              payments, homeowners insurance, and property tax payments--to the list of household
                                                              debt payments. Financial obligations ratios are calculated for both renters and
Federal Reserve                  Mortgage Debt                Information on aggregate mortgage debt outstanding by provider and product type.
Board                            Outstanding
Federal Reserve                  Survey of Consumer           Detailed, triennial information on the finances of US families and on their use of financial
Board                            Finances                     institutions. The study is sponsored by the Federal Reserve Board in cooperation with
                                                              the U.S. Department of the Treasury.
Federal Trade                    Customer Sentinel            Summaries of data regarding complaints about identity theft, fraud, financial
Commission                       Network Data Book            transactions, debt collection, credit reports, spam, and other subjects received by the
                                                              Federal Trade Commission, Better Business Bureaus, money transfer services, and other
                                                              law enforcement agencies and complaint centers.
National Credit Union            Call Report Aggregate        Quarterly aggregate (combined) Financial Performance Reports for all Federal Credit
Administration                   Financial Performance        Unions (FCUs), all Federally Insured Credit Unions (FISCUs), and all Federally Insured
                                 Reports                      State Chartered Credit Unions (FISCUs).
National Credit Union            Call Report Data             Quarterly 5300 Call Reports, which include financial and miscellaneous information from
Administration                                                natural person credit unions. Available from March 1994.
National Credit Union            Call Report Summary          Quarterly listing of summarized accounts collected from all Federally Insured Credit
Administration                   Reports                      Unions.
National Credit Union            Credit Union and Bank        Charts comparing the national average rates for 23 common loan and deposit products
Administration                   Rates for Loan and Deposit   at banks and credit unions, as well as the average rates for these same products at banks
                                 Products                     that converted from credit unions.
National Credit Union            Credit Union Locator         A tool to search for a credit union, view thumbtacks and website links on a map of a
Administration                                                given region’s credit unions, and access information about those credit unions.
National Credit Union            Financial Performance        Financial Performance Reports providing a financial summary report for a particular
Administration                   Reports (FPRs)               credit union, including assets, liabilities and capital, and income and expense. Peer
                                                              average ratios and aggregate Financial Performance Reports are also available.
National Credit Union            Research a Credit            A tool to find credit union locations, credit union contact information, branch locations,
Administration                   Union Tool                   services offered, and financial information (such as a validated quarterly 5300
                                                              Call Report Submission).
           Source                  Link to Data on                                                  Description                               
                                   Agency Website                                                                                                         Link
Office of the Comptroller of   National Bank CRA             CRA examination results for national banks. With a tool on this website, CRA
the Currency                   Examination Results           performance evaluations can be found for a specific bank, for all the banks in a given
                                                             state, or for banks within a range of specific performance ratings. A CRA examination
                                                             assesses how effectively a financial institution has performed in helping to meet the
                                                             credit needs of its community.
Office of the Comptroller of   National Bank List            A list of national banks and federal branches and agency offices, sorted by bank name or
the Currency                                                 by city/state.
Office of the Comptroller of   National Bank Operating       A listing of national bank operating subsidiaries.
the Currency                   Subsidiaries
Securities and Exchange        Calculating Mutual Fund       Tools for comparing the fees and expenses of up to three mutual funds, or the share
Commission                     Fees and Expenses             classes of the same mutual fund on the Financial Industry Regulatory Authority’s
                                                             (FINRA’s) Mutual Fund Expense Analyzer. You can also compare the fees and expenses of
                                                             up to three Exchange Traded Funds (ETFs) using the same tool.
Securities and Exchange        XBRL Disclosures for Mutual   Database and RSS feeds of risk and return summary information from the prospectuses        „
Commission                     Fund Risk and Return          provided by mutual funds in XBRL format to the SEC. Information can be downloaded
                               Information                   directly into spreadsheets, analyzed using commercial off-the-shelf software, and used
                                                             within investment models in other software formats.
Securities and Exchange        XBRL Disclosures for Public   Companies, foreign and domestic, are required to file registration statements, periodic    „
Commission                     Company Financials            reports, and other forms electronically through EDGAR. This database, which consists
                                                             of filings in the standardized eXtensible Business Reporting Language (XBRL) format,
                                                             can be searched by company or fund name, ticker symbol, CIK (Central Index Key), file
                                                             number, state, country, or SIC (Standard Industrial Classification).

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