Brewster Kahle – The Guardian: “The US library system, once the model for the world, is under assault from politicians, rightwing activists and corporate publishers. Book bans are at record levels, and libraries across the country are facing catastrophic budget cuts, a fate only narrowly avoided by New York City’s public libraries this summer. In… Continue Reading
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Search Results for: Federal Reserve System
Federal Reserve communications
Jeremy Singer-Vine, Data is Plural: Agam Shah et al. have compiled a corpus of key communications by the US Federal Reserve’s Federal Open Market Committee, which “controls the three tools of monetary policy — open market operations, the discount rate, and reserve requirements.” Gathered from the Fed’s website, the corpus includes all meeting minutes and… Continue Reading
Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank
“The Federal Reserve Board on Friday, April 28, 2023 announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S. Barr. The review finds four key takeaways on the causes of the bank’s failure: Silicon Valley Bank’s board of directors and management failed… Continue Reading
The Federal Reserve is starting a climate experiment
Vox: “The central bank is studying climate risks at major banks, but Fed chair Jerome Powell doesn’t want to get involved in policy…How to run a climate experiment on a bank – The Fed is careful to note that its climate scenario analysis is different from a stress test. In Fed-speak, a stress test measures… Continue Reading
Federal Reserve Board – Financial Stability Report
Financial Stability Report November 2022 – “This report presents the Federal Reserve Board’s current assessment of the stability of the U.S. financial system. By publishing this report, the Board intends to promote public understanding by increasing transparency around, and creating accountability for, the Federal Reserve’s views on this topic Financial stability supports the objectives assigned… Continue Reading
The US government just teased its instant payment system for 2023
Popular Science: “The Federal Reserve announced earlier this week it expects its FedNow Service, a new online system facilitating instant, digital monetary transactions between people and businesses, to come online sometime between May and July 2023. The release could mark a major moment within the financial sector as it, hypothetically, could drastically undercut the need… Continue Reading
Federal Reserve Bank of Boston and MIT release technological research on a central bank digital currency
“The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology today released the findings of their initial technological research into a central bank digital currency, or CBDC. The published research describes a theoretical high-performance and resilient transaction processor for a CBDC by developing open-source research software, OpenCBDC. This collaborative… Continue Reading
CRS – Financial Regulation: Systemic Risk
Financial Regulation: Systemic Risk, February 1, 2022: “The U.S. financial system has experienced two major episodes of financial instability in the 21stcentury (as well as a few minor incidents)—the 2007-2009 financial crisis and instability surrounding the onset of the COVID-19 pandemic in the spring of 2020. In both cases, the federal government and the Federal… Continue Reading
Confederate Symbols: Relation to Federal Lands and Programs
CRS report via LC: Confederate Symbols: Relation to Federal Lands and Programs. Updated July 28, 2020. “Congress is considering the relationship of Confederate symbols to federal lands and programs. A number of federal agencies administer assets or fund activities in which references to the Civil War Confederacy, Confederate flags and artifacts, and commemorations of Confederate… Continue Reading
May Federal Prosecutors Take Direction From the President?
Bruce A. Green and Rebecca Roiphe, May Federal Prosecutors Take Direction From the President?, 87 Fordham L. Rev. 1817 (2019). [h/t Mary Whisner] “Suppose the president sought to serve as prosecutor-in-chief, telling prosecutors when to initiate or dismiss criminal charges in individual cases and making other discretionary decisions that are normally reserved to trained professionals… Continue Reading
AALL Calls on Congress to Improve Access to Electronic Records of Federal Court System
“The American Association of Law Libraries (AALL) is advocating for the passage of the Electronic Court Records Reform Act, introduced in the U.S. House of Representatives today by House Judiciary Committee Ranking Member Doug Collins (R-Ga.) and Congressman Mike Quigley (D-Ill.), chair of the Congressional Transparency Caucus. This legislation would, for the first time, allow… Continue Reading
Are There Any Systemically Important Nonbanks?
EveryCRSreport.com – Are There Any Systemically Important Nonbanks?, October 17, 2018. IN10982. “During the 2008 financial crisis, problems at AIG, Bear Stearns, and Lehman Brothers led to broader financial instability or government “bailouts” in order to prevent instability. At the time, these firms were nonbank financial institutions and not generally subject to effective safety and… Continue Reading
