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Category Archives: Government Documents

FDIC-Insured Institutions Earned $36.9 Billion in the Fourth Quarter of 2014

FDIC news release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $36.9 billion in the fourth quarter of 2014, down $2.9 billion (7.3 percent) from earnings of $39.8 billion that the industry reported a year earlier. The decline in earnings was mainly attributable to aContinue Reading

Hoard Behavior During Commodity Bubbles

de Paula, Aureo and Hong, Harrison G. and Singh, Vishal, Hoard Behavior During Commodity Bubbles (February 2015). CEPR Discussion Paper No. DP10441. Available for download at SSRN: http://ssrn.com/abstract=2569270 “Hoarding by large speculators is often blamed for contributing to commodity market panics and bubbles. Using supermarket scanner data on US household purchases during the 2008 RiceContinue Reading

Hawks and Doves at the FOMC

Eijffinger, Sylvester C. W. and Mahieu, Ronald and Raes, Louis, Hawks and Doves at the FOMC (February 2015). CEPR Discussion Paper No. DP10442. Available for download at SSRN: http://ssrn.com/abstract=2569271 “In this paper we estimate ideal points of Bank Presidents and Board Governors at the FOMC. We use stated preferences from FOMC transcipts and estimate aContinue Reading

Process Systems Engineering as a Modeling Paradigm for Analyzing Systemic Risk in Financial Networks

Office of Financial Research (OFR) Working Paper Series, February 11, 2015: “Financial instability often results from positive feedback loops intrinsic to the operation of the financial system. The challenging task of identifying, modeling, and analyzing the causes and effects of such feedback loops requires a proper systems engineering perspective lacking in the remedies proposed inContinue Reading

Financial Regulators Issue Guidance Encouraging Youth Savings Programs

“Five federal financial regulatory agencies today issued guidance to encourage federally insured depository institutions to offer youth savings programs to expand the financial capability of young people. The guidance also provides answers to frequently asked questions related to the establishment of these programs. Many financial institutions already collaborate with schools to establish programs that allowContinue Reading

Can the FCC Attract a Full House for the 2016 Broadcast Incentive Auction?

Kagan Media Appraisals: “Our assignment was to prepare an analysis of the financial capacity and competitive appetite of the wireless carriers, in particular AT&T and Verizon, to fully participate in back-to-back AWS-3 and 600 MHz Incentive auctions, assuming a 2016 start date for the 600 MHz Incentive Auction. This report is for informational purposes onlyContinue Reading

New GAO Reports – DOD Acquisition Reform, Drug-Impaired Driving

Acquisition Reform: DOD Should Streamline Its Decision-Making Process for Weapon Systems to Reduce Inefficiencies, GAO-15-192: Published: Feb 24, 2015. Publicly Released: Feb 24, 2015. Drug-Impaired Driving: Additional Support Needed for Public Awareness Initiatives, GAO-15-293: Published: Feb 24, 2015. Publicly Released: Feb 24, 2015.

CRI/CIR advises Belgian Privacy Commission in Facebook investigation

“In December 2014, Facebook announced that it would revise its Data Use Policy and Terms of Service. At the request of the Belgian Privacy Commission, ICRI/CIR (KU Leuven), in cooperation with iMinds-SMIT (Vrije Universiteit Brussel) conducted an extensive analysis of Facebook’s revised policies and terms. Facebook rolled out its new policies and terms on JanuaryContinue Reading

The Unredacted Truth About Spare Parts Overcharges – POGO

POGO: “More than 30 years after the $7,600 coffee pot and the $436 hammer, weapon spare parts overcharges remain the clearest example of how the Department of Defense (DoD) wastes billions in taxpayer dollars. Numerous audits by the DoD Inspector General (IG) have unearthed Boeing overcharging up to 177,000 percent for spare parts, Sikorsky chargingContinue Reading

Occupational injuries, illnesses, and fatalities in public transportation

“Injuries and illnesses to bus drivers endanger not only their lives but also the lives of their passengers. In 2013, approximately 5,780 transit and intercity bus drivers experienced a days-away-from-work injury or illness while on the job. This article explores occupational injuries, illnesses, and fatalities to bus drivers and urban transit workers and examines howContinue Reading

2014 Housing Vacancy Survey Annual Statistics

“These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the U.S., regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the U.S. and regions and by race/ethnicity of householderContinue Reading

New GAO Reports – Results-Oriented Management, Whistleblower Protection

Results-Oriented Management: OPM Needs to Do More to Ensure Meaningful Distinctions Are Made in SES Ratings and Performance Awards, GAO-15-189: Published: Jan 22, 2015. Publicly Released: Feb 23, 2015: “GAO recommends that the Director of OPM consider various refinements to better ensure the SES performance appraisal system certification guidelines promote making meaningful distinctions in performance.Continue Reading