Category «Economy»

Office of the Taxpayer Advocate 2013 Annual Report to Congress

“The Annual Report to Congress creates a dialogue at the highest levels of government to address taxpayers’ problems, protect taxpayers’ rights, and ease taxpayers’ burden. The report identifies at least 20 of the most serious problems facing taxpayers and offers recommendations to fix them. Some of the issues, like tax reform and IRS’s need to expand …

Subjects: Congress, Economy, Financial System, Government Documents

Agencies Release Public Sections of Resolution Plans

“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Friday made available the public portions of resolution plans for 116 institutions that submitted plans for the first time in December 2013, the latest group to file resolution plans with the agencies. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank …

Subjects: Economy, Financial System, Government Documents, Legislation

Proposed Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions

“The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) are publishing today for public consultation Assessment Methodologies for Identifying Non-bank Non-insurer Global Systemically Important Financial Institutions (NBNI G-SIFIs). Systemically important financial institutions (SIFIs) are institutions whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to …

Subjects: Economy, Financial System, Government Documents

Census – Supplemental Poverty Measure Overview

“In 2010, an Interagency Technical Working Group (which included representatives from the Bureau of Labor Statistics (BLS), the Census Bureau, the Economics and Statistics Administration, the Council of Economic Advisers, the U.S. Department of Health and Human Services, and OMB) issued a series of suggestions to the Census Bureau and BLS on how to develop …

Subjects: Economy, Financial System, Government Documents

Monetary Policy and the Federal Reserve: Current Policy and Conditions

CRS – Monetary Policy and the Federal Reserve: Current Policy and Conditions, Marc Labonte, Specialist in Macroeconomic Policy, January 7, 2014. “Congress has delegated responsibility for monetary policy to the Federal Reserve (the Fed), but retains oversight responsibilities to ensure that the Fed is adhering to its statutory mandate of  “maximum employment, stable prices, and moderate long-term interest rates.” It has …

Subjects: Congress, Economy, Financial System, Government Documents

American Bankers Association – Consumer Delinquencies Fall Significantly in Third Quarter

News release: “Consumer delinquencies declined significantly in last year’s third quarter as the economy improved and consumers better managed their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 13 basis points to 1.63 percent of all accounts in …

Subjects: Economy, Financial System

Article – The Prudential Regulation of Financial Institutions

The Prudential Regulation of Financial Institutions – Why Regulatory Responses to the Crisis May Not Prove Sufficient, by William White. Article published in the School of Public Policy – SPP Research Papers – University of Calgary – Volume 6 Issue 33 – October 2013. “It is now six years since a devastating financial and economic crisis rocked …

Subjects: Economy, Financial System, Government Documents

The State of the Banking Sector in Europe

OECD – Dirk Schoenmaker, Toon Peek – Duisenberg School of Finance, Netherlands. Jan 6, 2014. “This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that the Baltics, Cyprus, Greece and Ireland, in particular, are hit by a strong decline in lending in the wake of the financial crisis. …

Subjects: Economy, Financial System, Government Documents

2014–15 Occupational Outlook Handbook

“The 2014–15 Occupational Outlook Handbook (OOH) was released today by the U.S. Bureau of Labor Statistics (BLS). The OOH reflects BLS employment projections for the 2012–22 decade. The OOH is one of the nation’s most widely used sources of career information. It provides details on hundreds of occupations and is used by career counselors, students, parents, teachers, jobseekers, career changers, …

Subjects: Economy, Financial System, Government Documents

Determinants of European Bank CDS Spreads in Times of Crisis

Samaniego-Medina, Reyes and Trujillo‐Ponce, Antonio and Cardone-Riportella, Clara and Parrado-Martínez, Purificación, Determinants of European Bank CDS Spreads in Times of Crisis (December 1, 2013). WP Funcas, No. 736. Available at SSRN: http://ssrn.com/abstract=2375715 “Since the beginning of the financial crisis, the credit default swap (CDS) spreads of the European banks have severely increased. This paper empirically …

Subjects: Economy, Financial System

The Concentration of Wealth in New York City

Changes in the Structure of Household Income by Race/Ethnic Groups and Latino Nationalities 1990 – 2010 – Laird W. Bergad, Distinguished Professor, Department of Latin American, Latino and Puerto Rican Studies, Lehman College, Ph.D. Program in History, Graduate Center. “This study examines the concentration of wealth in New York City between 1990 and 2010 using data on household income from …

Subjects: Economy, Financial System, Government Documents

Minutes of the Federal Open Market Committee, December 17-18, 2013

“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 17-18, 2013. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. The minutes for each …

Subjects: Economy, Financial System, Government Documents