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Category Archives: Financial System

GSA Bulletin – federal employees and use of ride-sharing companies

Government Executive: “The General Services Administration issued a bulletin on the Federal Travel Regulation, cementing a policy many — but not all — agencies had already installed. While each agency manages the final authorization of travel expenses based on internal policy, GSA said federal employees can use mobile ride-hailing applications — referred to in government parlance as Transportation Network Companies — “when it is advantageous to the government.”

Pay Equity: Legislative and Legal Developments

Via FAS, CRS Report – Pay Equity: Legislative and Legal Developments, Jody Feder, Legislative Attorney; Benjamin Collins, Analyst in Labor Policy. May 20, 2016. “According to some federal data, on average, full-time female workers earn approximately 20% less than full-time male workers. At least a portion of this gap is due to observable factors such… Continue Reading

An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

Klingler, Sven and Sundaresan, Suresh M., An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans (July 27, 2016). Available for download at SSRN: http://ssrn.com/abstract=2814975 “In September 2008, the US swap spread for 30-year swap contracts turned negative and is still negative as of today. Persistent negative swap spreads are puzzling, and… Continue Reading

GAO Reports – Aviation Safety, Financial Management Systems, Hazardous Materials Transportation, BFS Info Systems Controls, VA Real Property

Aviation Safety: FAA’s Risk-Based Oversight for Repair Stations Could Benefit from Additional Airline Data and Performance Metrics, GAO-16-679: Published: Jul 28, 2016. Publicly Released: Jul 28, 2016. Financial Management Systems: HUD Needs to Address Management and Governance Weaknesses That Jeopardize Its Modernization Efforts, GAO-16-656: Published: Jul 28, 2016. Publicly Released: Jul 28, 2016. Hazardous Materials… Continue Reading

Census Bureau Releases Advance Economic Indicator Report

“Today the U.S. Census Bureau released its first ever Advance Economic Indicators Report that combines the release of advance statistics on international trade in goods with new advance estimates for retail and wholesale inventories. This summary level report contains select aggregate levels for retail and wholesale trade inventories. See New U.S. Census Bureau Report on… Continue Reading

NY Fed – Monetary Policy Transmission before and after the Crisis

Monetary Policy Transmission before and after the Crisis, Alexander Kroeger and Asani Sarkar, June 29, 2016. “The Federal Open Market Committee implements monetary policy by raising or lowering its target for the federal funds rate, the interest rate banks charge each other for overnight loans. Because the Federal Reserve has no direct control over most… Continue Reading

Federal Reserve issues FOMC statement July 27, 2016

“Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May. On balance, payrolls and other labor market indicators point to some increase in labor utilization in… Continue Reading

Federal Reserve Board Statistical Releases: a Publications History

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. – Federal Reserve Board Statistical Releases: a Publications History, Sian L. Seldin, 2016-016. “The Board of Governors of the Federal Reserve System has published extensive statistical information on the U.S. economy and banking industry since 1914. This… Continue Reading

WTO Statistics Database

Welcome to the WTO Statistics Database, which allows you to retrieve statistical information in the following presentations. The Trade Profiles provide predefined information leaflets on the trade situation of members, observers and other selected economies; The Tariff Profiles provide information on the market access situation of members, observers and other selected economies; The Services Profiles… Continue Reading

Mortgage Servicing: Community Lenders Remain Active under New Rules, but CFPB Needs More Complete Plans for Reviewing Rules

Mortgage Servicing: Community Lenders Remain Active under New Rules, but CFPB Needs More Complete Plans for Reviewing Rules, GAO-16-448: Published: Jun 23, 2016. Publicly Released: Jul 25, 2016. “As of September 30, 2015, community lenders held about $3.1 billion in MSRs on their balance sheets. Servicing is a part of holding all mortgage loans, but… Continue Reading

Will Long Term Care Ruin Retirement Plans?

Crook, Michael W. and Sutedja, Ronald, Will Long Term Care Ruin Retirement Plans? (July 24, 2016). Available for download at SSRN: http://ssrn.com/abstract=2813771 “Long term care expenses represent a known unknown in retirement planning. A large majority of households will need some sort of long term care support as they age and costs for certain types… Continue Reading

Postsecondary Institutions and Price of Attendance in 2015-16

National Center for Education Studies: “This First Look report is a preliminary report of the data from the Integrated Postsecondary Education Data System (IPEDS) fall 2015 collection, which included three survey components: Institutional Characteristics for the 2015-16 academic year, Completions covering the period July 1, 2014, through June 30, 2015, and data on 12-Month Enrollment… Continue Reading