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Decisions Regarding Monetary Policy Implementation – “The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on December 16, 2015: The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on required and excess …
“Los Angeles County, Calif., led the nation in the number of Hispanic-, Asian-, and American Indian and Alaska Native-owned firms in 2012, according to estimates released today by the U.S. Census Bureau. It also ranked second in the number of black or African American- and Native Hawaiian and Other Pacific Islander-owned firms (after Cook County, …
Mortgage risk and the yield curve. Aytek Malkhozov, Philippe Mueller, Andrea Vedolin and Gyuri VenterWorking. Papers No 532. December 2015. Bank for International Settlements. “We study the feedback from the risk of outstanding mortgage-backed securities (MBS) on the level and volatility of interest rates. We incorporate the supply shocks resulting from changes in MBS duration …
“Today the Consumer Financial Protection Bureau (CFPB) is releasing a tool to measure consumer financial well-being, based on a definition that the Bureau released in January 2015. This first-of-its-kind tool provides questions that educators and others working to build financial capability can use to accurately and consistently quantify the financial well-being of consumers…In January 2015, …
CRS – Chronic Homelessness: Background, Research, and Outcomes. Libby Perl, Specialist in Housing Policy. Erin Bagalman, Analyst in Health Policy. December 8, 2015. “Chronically homeless individuals are those who spend long periods of time living on the street or other places not meant for human habitation, and who have one or more disabilities, frequently including …
“Frederic W. Cook & Co. studied non-employee director compensation programs at 300 companies of various sizes and industries. This report summarizes pay levels and program structure. We observe a 4% year-over-year increase in total pay at the median, along with a growing preference for simplicity that began several years ago at large-cap companies and is …
“Over the past decade, the stability of the corporate world has been tested by accounting scandals and the 2008 financial crisis, among other things. These events eroded relations between boards and shareholders, and stressed the need for high corporate governance standards to restore trust. Among shareholders today, corporate governance is considered an integral part of …
Z.1 Financial Accounts of the United States Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts Third Quarter 2015: “The net worth of households and nonprofits fell to $85.2 trillion during the third quarter of 2015. The value of directly and indirectly held corporate equities decreased $2.3 trillion and the value of real estate rose …
“Improving the competitiveness of cities is a vital pathway to eliminating extreme poverty and promoting prosperity for a country’s citizens, a new World Bank Group report finds. Launched today, Competitive Cities for Jobs and Growth: What, Who, and How analyzes 750 cities to determine what makes them competitive and how they have grown their economies. …
“The second consultative document on Revisions to the Standardised Approach for credit risk forms part of the Committee’s broader review of the capital framework to balance simplicity and risk sensitivity, and to promote comparability by reducing variability in risk-weighted assets across banks and jurisdictions. These proposals differ in several ways from an initial set of …
“Robert Hetzel Oral History collection – Robert Hetzel, economist at the Federal Reserve Bank of Richmond, conducted interviews with economic and monetary policymakers from 1994 to 2003. These interviews provide insight into the personalities and motivations of policymakers. Both audio and transcripts are available. Educational lessons using primary source material in FRASER. Our economic education …
Pew – No longer the majority and falling behind financially “After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million …
