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Category Archives: Financial System

Public Plans Database

“The Center for State and Local Government Excellence and the Center for Retirement Research at Boston College have partnered to develop the Public Plans Database (PPD). The PPD contains comprehensive financial, governance, and plan design information for 126 state and local defined benefit plans, along with additional data on state defined contribution plans.

  • At the state level, the PPD covers 107 plans, which represent more than 90 percent of all state government pension assets and members.
  • At the local level, the PPD covers 19 plans, which represent more than 20 percent of all local government pension assets and members.
  • On a combined basis, the PPD represents more than 85 percent of total state and local government pension assets and members.
  • Data are collected from plans, annual reports, actuarial valuations, member handbooks, and contact with plan administrators.”

The increased supply of underutilized labor from 2006 to 2014

“Four BLS measures of labor underutilization are used to analyze changes in the supply of labor from just before the 2007–2009 recession to June 2014; the results indicate that (1) the increase in the number of people marginally attached to the labor force over the period studied may have been due to either inadequate demandContinue Reading

Executive Order – Improving the Security of Consumer Financial Transactions

“Given that identity crimes, including credit, debit, and other payment card fraud, continue to be a risk to U.S. economic activity, and given the economic consequences of data breaches, the United States must take further action to enhance the security of data in the financial marketplace. While the U.S. Government’s credit, debit, and other paymentContinue Reading

IMF announces all online data free of charge effective January 1, 2015

Christine Lagarde, Managing Director, IMF “…Finally, let me turn to another very important aspect of the IMF’s statistical work—data publication. We very much recognize the importance of data as a public good. In this context, we are upgrading our data platforms and improving the way we distribute data and statistics to our membership throughout the world. ThinkContinue Reading

The Transmission of Liquidity Shocks

IMF – The Transmission of Liquidity Shocks: The Role of Internal Capital Markets and Bank Funding Strategies, Philippe D Karam; Ouarda Merrouche; Moez Souissi; Rima Turk. November 19, 2014. “We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the lending channel. Using bank-level data for US Bank Holding Companies, we find thatContinue Reading

Subcommittee Finds Wall Street Commodities Actions Add Risk To Economy, Businesses, Consumers

News release: “Wall Street banks have become heavily involved with physical commodities markets, increasing risks to financial stability, industry, consumers and markets, a two-year investigation by the Senate Permanent Subcommittee on Investigations has found. The investigation’s findings, contained in a 396-page bipartisan report, add important new details to the public debate about the breakdown of theContinue Reading

New GAO Reports – Bank Capital Reforms, Climate Change, FSOC, Ford-Class Aircraft Carrier, Small Business Innovation Research

Bank Capital Reforms: Initial Effects of Basel III on Capital, Credit, and International Competitiveness, GAO-15-67: Published: Nov 20, 2014. Publicly Released: Nov 20, 2014. Building Partner Capacity: State and DOD Need to Define Time Frames to Guide and Track Global Security Contingency Fund Projects, GAO-15-75: Published: Nov 20, 2014. Publicly Released: Nov 20, 2014. Climate Change: BetterContinue Reading

Options for Reducing the Deficit: 2015 to 2024

“The Congress faces an array of policy choices as it confronts the prospect of large annual budget deficits and further increases in the already-large government debt that are projected to occur in coming decades under current law. To help inform lawmakers about the budgetary implications of changing federal policies, CBO periodically issues volumes of policyContinue Reading

Revenue Increased in All Service Sectors in 2013, Census Bureau Reports

“Revenue increased in all of the nation’s 11 service sectors for employer firms, according to 2013 Service Annual Survey statistics released today by the U.S. Census Bureau. Within the utilities sector, natural gas distribution showed a revenue increase of 15.7 percent, from $82.2 billion in 2012 to $95.1 billion in 2013.  The Service Annual SurveyContinue Reading

Minutes of the Federal Open Market Committee, October 28-29, 2014

“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2014. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s AnnualContinue Reading

Multiemployer Plans – A Proposal to Spread the Pain

Multiemployer Plans – A Proposal to Spread the Pain by Alicia H. Munnell, Jean-Pierre Aubry, Wenliang Houand, Anthony Webb, Center for Retirement Research of Boston College. “The brief’s key findings are: A small, but significant, number of multiemployer pension plans face insolvency in the next 20 years – despite actions to reduce benefits and raise contributions. To avoid insolvency, aContinue Reading

ACSI: Rising Fees Hurt Bank Customer Satisfaction; Consumers Dissatisfied with Health Insurance Plans

“Customer satisfaction with banks is down as fees reach new heights, according to a report released today by the American Customer Satisfaction Index (ACSI). The decline nearly reverses two years of ACSI improvement for retail banks. Credit unions, however, continue to rank best among financial services with an ACSI score of 85 on a 100-pointContinue Reading