Federal Reserve to Conduct Survey of U.S. Household Finances

The Federal Reserve in April will begin a statistical study of household finances to provide policy makers data about the economic well-being of U.S. families.

The Fed has conducted the survey every three years since 1983, the central bank said today in a statement. It is being conducted for the Fed by a social science research organization at the University of Chicago, through December of this year.

The research “is one of the nation’s primary sources of information on the financial condition of different types of households,” Fed Chairman Ben S. Bernanke said in a letter to prospective survey participants.

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