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Category Archives: Government Documents

NY Fed – Household Debt Balances Increase as Deleveraging Period Concludes

: “The New York Fed released the Quarterly Report on Household Debt and Credit for the third quarter of 2014 today. Balances continued to rise slightly, with an overall increase of $78 billion. The aggregate household debt balance now stands at $11.71 trillion, up 0.7 percent from the previous quarter, but still well below the peak of $12.68 trillion in the third quarter of 2008.  The report shows increases in all types of credit, except for home equity line of credit (HELOC) balances. Overall, it looks as if the trend of increasing household debt balances is continuing, and in this post, we further investigate the winding down of deleveraging.”

FDIC Quarterly Banking Profile

“The third quarter 2014 FDIC Quarterly Banking Profile (QBP) is now available on line. FDIC-insured institutions reported aggregate net income of $38.7 billion in the third quarter of 2014, up $2.6 billion (7.3 percent) from earnings of $36.1 billion the industry reported a year earlier. The increase in earnings was mainly attributable to a $7.8Continue Reading

Washington Metropolitan Area Facing Economic Downturn

Washington Post: “The Washington area’s reliance on federal spending has become a major headache for state and local governments, with congressionally mandated program cuts leaving gaping holes in revenue projections from Annapolis to Richmond. George Mason University’s Center for Regional Analysis estimates that the federal government spent $13.4 billion less in the Washington area in 2013 thanContinue Reading

Honda’s Early Warning Report Audit & NHTSA Special Order

Fact Sheet: “In September 2014, Honda commissioned a third-party audit of its TREAD Act reporting (also known as Early Warning Reports, or EWRs) to the National Highway Traffic Safety Administration (NHTSA) after certain discrepancies in reporting had been identified. NHTSA Special Order Once Honda received preliminary findings from the third-party audit, it requested a meetingContinue Reading

Ambulatory Health Care Services Receipts and Employment on the Rise

“Receipts for the nation’s 582,733 ambulatory health care services establishments (NAICS 621) totaled $825.7 billion in 2012, up 23.5 percent from $668.5 billion in 2007, according to the latest economic census statistics released today by the U.S. Census Bureau. Employment in this industry increased 15.1 percent, from 5.7 million in 2007 to 6.6 million in 2012,Continue Reading

New GAO Reports – DOE Cost Estimating, Veteran’s Reemployment Rights

Project and Program Management: DOE Needs to Revise Requirements and Guidance for Cost Estimating and Related Reviews, GAO-15-29: Published: Nov 25, 2014. Publicly Released: Nov 25, 2014. Veterans’ Reemployment Rights: Department of Labor Has Higher Performance Than the Office of Special Counsel on More Demonstration Project Measures, GAO-15-77: Published: Nov 25, 2014. Publicly Released: Nov 25, 2014.

Stronger policy response needed to avoid risks to growth – OECD Economic Outlook

“25/11/2014- Modest global economic forecasts, continuing high unemployment, and downshifts in potential output should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the Economic Outlook. The Economic Outlook draws attention to a global economy stuck in low gear, with growthContinue Reading

FDA Menu and Vending Machines Labeling Requirements

“The U.S. Food and Drug Administration has finalized two rules requiring that calorie information be listed on menus and menu boards in chain restaurants and similar retail food establishments and vending machines. Menu labeling final rule: Applies to restaurants and similar retail food establishments if they are part of a chain of 20 or moreContinue Reading

Economic Snapshot: November 2014

Christian E. Weller on the State of the U.S. Economy, Center for American Progress – By Christian E. Weller and Jackie Odum “Both the economy and jobs remain front and center on the minds of Americans. Considering that the United States is officially in the sixth year of an economic recovery, this would be surprising wereContinue Reading

FAA to rule soon on increasingly popular use of drones

WSJ – “Highly anticipated federal rules on commercial drones are expected to require operators to have a license and limit flights to daylight hours, below 400 feet and within sight of the person at the controls, according to people familiar with the rule-making process. The drone industry has awaited commercial rules for about six years, hopingContinue Reading

Law Enforcement Without Borders

CDT – “A critical case is now working its way through the US courts—one that raises important questions for users and providers of cloud services in both the US and Europe. As part of a US criminal investigation, a US federal court has ordered Microsoft to hand over a customer’s files that the company holdsContinue Reading

Market-making and proprietary trading: industry trends, drivers and policy implications

Bank for International Settlements, CGFS Publications No 52 – November 2014 – “Market-makers serve a crucial role in financial markets by providing liquidity to facilitate market efficiency and functioning. This report – prepared by a Study Group chaired by Denis Beau (Bank of France) – assesses changes in the supply of and demand for market-making services as wellContinue Reading