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Daily Archives: March 20, 2012

Federal Reserve System publishes annual financial statements

News release: “The Federal Reserve System on Tuesday released the 2011 combined annual comparative financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are audited annually by an independent auditing firm. The Federal Reserve Banks’ 2011 net income of $77.4 billion was derived primarily from $83.6 billion in interest income on securities acquired through open market operations (Treasury securities, federal agency and government-sponsored enterprise (GSE) mortgage-backed securities (MBS), and GSE debt securities). The Reserve Banks provided for payments of $75.4 billion of their 2011 net income to the U.S. Treasury.”

  • Related postings on financial system
  • FDIC Board Approved Two Notices of Proposed Rulemaking

    News release: “The first of two Notices of Proposed Rulemaking would implement section 210(c)(16) of the Dodd-Frank Act, which permits the FDIC as receiver for a failed SIFI to enforce and prevent termination of the contracts of the institution’s subsidiaries or affiliates. The second would make limited clarifications and definitional changes to the deposit insurance… Continue Reading

    New GAO Reports – Aviation Safety, Homeland Security, Managing Preparedness Grant

    Aviation Safety – FAA Has An Opportunity to Enhance Safety and Improve Oversight of Initial Pilot Training, GAO-12-537T, Mar 20, 2012 Homeland Security – DHS Needs Better Project Information and Coordination among Four Overlapping Grant Programs, GAO-12-303, Feb 28, 2012 Joint Strike Fighter – Restructuring Added Resources and Reduced Risk, but Concurrency Is Still a… Continue Reading

    Study Reveals Striking Differences in Strategy and Challenges among CEOs in Emerging and Mature Economies

    News release: “Top executives in Europe and the U.S. say global political and economic risk, and government regulation are their most pressing concerns, while Asian CEOs name innovation as their top challenge, closely followed by human capital—attracting, retaining, and rewarding talent. So finds The Conference Board CEO Challenge 2012, a global survey of business leaders,… Continue Reading

    Information regarding activities, positions of participants in single-name credit default swap market

    “The Division of Risk, Strategy, and Financial Innovation has completed an analysis of single-name credit default swap transaction and position activity. The first analysis is based on a sample of all new, risk transfer, dollar-adjusted, gold record transactions in both corporate and sovereign single-name credit default swaps (CDS) submitted to the Depository Trust and Clearing… Continue Reading

    Global Automakers Launch Fuel Economy Focused Site – DrivingFuelEconomy.com

    “DrivingFuelEconomy.com is a project of the Association of Global Automakers, a Washington D.C.-based trade association that represents international motor vehicle manufacturers, original equipment suppliers and other automotive-related groups. Our global perspective and collaborative spirit drives our approach to all issues we confront and also enables us to work with industry leaders, legislators, regulators and other… Continue Reading

    Housing Landscape 2012 – Annual Look at Housing Affordability Challenges of America's Working Households

    Housing Landscape 2012 – An Annual Look at the Housing Affordability Challenges of America’s Working Households by Laura Williams, February 2012 “This report focuses on housing affordability for working households. For the purposes of this report, working households are those that worked at least 20 hours per week, on average, and had a household income… Continue Reading

    House of Representatives – Report Card on Federal Government’s Efforts to Track and Manage FOIA Requests

    Report Card on Federal Government’s Efforts to Track and Manage FOIA Requests, Staff Report, House of Representatives, 112th Congress Committee on Oversight and Government Reform, March 15, 2012 “…on January 25, 2011, Oversight and Government Reform Committee Chairman Darrell Issa sent a letter to 180 entities representing 100 government agencies requesting information about their FOIA… Continue Reading