Category «Financial System»

New GAO Reports – TSA, DHS Financial Management, Federal Employees, Aviation Security, Defense Logistics, Info Tech

AVIATION SECURITY- TSA Should Limit Future Funding for Behavior Detection Activities, GAO-14-158T, Nov 14, 2013 DHS FINANCIAL MANAGEMENT – Additional Efforts Needed to Resolve Deficiencies in Internal Controls and Financial Management Systems, GAO-13-561, Sep 30, 2013 FEDERAL EMPLOYEES – Opportunities Exist to Strengthen Performance Management Pilot, GAO-13-755, Sep 12, 2013 GOVERNMENT SUPPORT FOR BANK HOLDING COMPANIES – Statutory Changes to Limit …

Subjects: Defense, Economy, Financial System, Government Documents

Boosting Adult Educational Skills Can Grow the Middle Class

“An educated workforce is one of the bedrocks of not only the American middle class but also the U.S. economy as a whole. Our economy is the most productive in the world because of the investments workers make in their own skills and civil society makes in education. However, anew report from the Organisation for Economic …

Subjects: Economy, Education, Financial System

McKinsey – QE and ultra-low interest rates: Distributional effects and risks

“A new report from the McKinsey Global Institute examines the distributional effects of these ultra-low rates. It finds that there have been significant effects on different sectors in the economy in terms of income interest and expense. From 2007 to 2012, governments in the eurozone, the United Kingdom, and the United States collectively benefited by …

Subjects: Economy, Financial System

Europe’s budgetary surveillance moves into full gear

News release: “The European Commission today presented a major package of budgetary surveillance announcements, covering 13 euro area Member States and 3 non-euro Member States, with a special focus also on the euro area as an economic entity in its own right. For the first time, the Commission has issued opinions on euro area Member …

Subjects: Economy, Financial System, Government Documents

Agency MBS Transaction Summary

Federal Reserve Bank of New York: “On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency MBS at a pace of $40 billion per month. The FOMC also directed the Desk to maintain its …

Subjects: Economy, Financial System, Government Documents

GAO Report – Government Support for Bank Holding Companies

Statutory Changes to Limit Future Support Are Not Yet Fully Implemented, GAO-14-18, Nov 14, 2013 “During the 2007-09 financial crisis, the federal government’s actions to stabilize the financial system provided funding support and other benefits to bank holding companies and their subsidiaries. Agencies introduced new programs with broad-based eligibility that provided funding support to eligible institutions, …

Subjects: Congress, Economy, Financial System, Government Documents, Legislation

New York Fed – Quarterly Report on Household Debt Rises

Household Debt and Credit Developments in 2013 Q3: “Aggregate consumer debt increased in the third quarter by $127 billion, the largest increase seen since the first quarter of 2008. As of September 30, 2013, total consumer indebtedness was $11.28 trillion, up by 1.1% from its level in the second quarter of 2013. Overall consumer debt …

Subjects: Economy, Financial System, Government Documents

Moody’s concludes review of eight large US banks

News release: “Moody’s Investors Service has concluded its review of eight large US banking groups. The credit ratings of these banking groups each benefit from the agency’s assumption of government support. Today’s rating actions reflect strengthened US bank resolution tools, prompted by the Dodd-Frank Act, which affect Moody’s assumptions about US government support. Further, today’s …

Subjects: Economy, Financial System

U.S. Monetary Authorities Did Not Intervene in FX Markets During the Third Quarter

“The U.S. monetary authorities did not intervene in the foreign exchange markets during the July—September quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. During the three months that ended September 30, 2013, the dollar depreciated 3.8 percent and 0.9 percent against the euro and Japanese yen, …

Subjects: Congress, Economy, Financial System, Government Documents

CBO – The Distribution of Federal Spending and Taxes in 2006

“In previous reports, CBO analyzed how household income (which included some federal benefit payments, or transfers) and federal taxes were distributed among different segments of the U.S. population. This report goes a step farther by analyzing the distribution of most federal spending—including spending on transfers and a host of other government activities—and almost all federal …

Subjects: Congress, Economy, Financial System, Government Documents

CBO – Options for Reducing the Deficit: 2014 to 2023

“The Congress faces an array of policy choices as it confronts the dramatic increase in the federal government’s debt over the past several years and the prospect of large annual budget deficits and further increases in that debt that are projected to occur in coming decades under current law. To help inform lawmakers about the …

Subjects: Congress, Economy, Financial System, Health Care, Legislation

BEA – Survey of Current Business, October 2013

GDP and the Economy: Third Estimates for the Second Quarter of 2013 (PDF) – Real GDP rose 2.5 percent after rising 1.1 percent in the first quarter of 2013. Business investment and exports turned up. Inventory investment and consumer spending slowed. Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade for the Fourth Quarter of 2009 …

Subjects: Economy, Financial System, Government Documents

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