Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
October 15, 2008 Summary of Commentary on Current Economic Conditions by Federal Reserve District: “Reports indicated that economic activity weakened in September across all twelve Federal Reserve Districts. Several Districts also noted that their contacts had become more pessimistic about the economic outlook. Consumer spending decreased in most Districts, with declines reported in retailing, auto …
OTS 08-048 – Shared National Credits Program Reports Large Increase in Credit Volume and Significant Deterioration in Credit Quality, October 8, 2008 “The volume of Shared National Credits (SNC),2 loan commitments of $20 million or more and held by three or more federally supervised institutions, rose 22.6 percent to $2.8 trillion, and the volume of …
News release: “The Federal Deposit Insurance Corporation (FDIC) announces a new programthe Temporary Liquidity Guarantee Programto strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.” Statement …
News release: “In keeping with the Patrick Administrations commitment to protecting consumers, the Office of Consumer Affairs and Business Regulation (OCABR) last Friday issued a comprehensive set of final regulations establishing standards for how businesses protect and store consumers personal information. Additionally, Governor Patrick has signed an executive order requiring all state agencies to immediately …
Joint Statement of Henry M. Paulson, Jr., Secretary of the Treasury, and Jim Nussle, Director of the Office of Management and Budget, on Budget Results for Fiscal Year 2008 “The Administration today released the September 2008 Monthly Treasury Statement of Receipts and Outlays of the United States Government. The statement shows the actual budget totals …
Commercial Buildings Newly Release of the 2003 End-Use Consumption Data Tables (10/14/2008): “End-use consumption data tables for the 2003 Commercial Buildings Energy Consumption Survey (CBECS) are now available. The tables (in PDF, Excel, and HTML formats) show major end-use consumption for electricity, natural gas, fuel oil, district heat, and major fuels for all commercial buildings …
“A bipartisan report circulated today by House Committee on Oversight Chairman Henry A. Waxman and Ranking Member Tom Davis finds that President Bush made a legally unprecedented and an inappropriate use of executive privilege when he directed Attorney General Mukasey to withhold Special Counsel Patrick Fitzgeralds interview of Vice President Cheney from the Committee. A …
Risk-Based Capital: New Basel II Rules Reduced Certain Competitive Concerns, but Bank Regulators Should Address Remaining Uncertainties, GAO-08-953, September 12, 2008 Information Technology: SSA Has Taken Key Steps for Managing Its Investments, but Needs to Strengthen Oversight and Fully Define Policies and Procedures, GAO-08-1020, September 12, 2008 Nonprofit Hospitals: Variation in Standards and Guidance Limits …
News release: “The President’s Working Group on Financial Markets made a statement Tuesday on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.” Statement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. Economy Joint Statement by Treasury, Federal Reserve and …
Securities and Exchange Commission Division of Enforcement, Enforcement Manual, Office of Chief Counsel, October 6, 2008: “The Enforcement Manual (Manual) is an electronic document designed to be a reference for the staff in the U.S. Securities and Exchange Commissions (SEC) Division of Enforcement (Division or Enforcement) in the investigation of potential violations of the federal …
FASB Issues FASB Staff Position No. 157-3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active, October 10, 2008 Related postings on financial system
News release: “The FDIC Board of Directors today adopted an interim final rule, effective immediately, to simplify the deposit insurance rules for accounts held at FDIC-insured institutions by mortgage servicers…Under the interim rule [effective October 10, 2008], coverage will be provided to the lenders/investors, as a collective group, based on the cumulative amount of the …
