The U.S. Federal Reserve's latest survey of regional economic trends is mentioning the Marcellus Shale natural gas boom in Pennsylvania.
The Fed's latest Beige Book issued Wednesday mentions that Keystone State banks see customers paying down loans with natural gas royalty money. In neighboring Ohio the Fed says shale gas activity is expanding at a robust pace, but some auto dealers are worried they're lose technicians to energy companies.
They caution that the Beige Book is a snapshot of anecdotal economic trends with no hard numbers. The Federal Reserve issues the Beige Book eight times a year as a snapshot of business conditions in each of the Fed's 12 regional bank districts.
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