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Daily Archives: May 10, 2012

Chairman Bernanke – Banks and Bank Lending: The State of Play

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Chairman Ben S. Bernanke At the 48th Annual Conference on Bank Structure and Competition, Chicago, Illinois. May 10, 2012

  • Banks and Bank Lending: The State of Play: “The banking sector overall also has substantially improved its liquidity position over the past few years. Indeed, large banks in the aggregate have more than doubled their holdings of cash and securities since 2009. Large banks have reduced their collective dependence on short-term wholesale funding, and many are flush with retail deposits, which tend to be a more stable funding source. Challenges on the liquidity front remain, however: Some large firms still rely heavily on wholesale short-term funding; and the liquidity needs of the banking system as a whole may become somewhat higher for a while as some of the securities issued under the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program come due, and as the unlimited insurance on noninterest-bearing transaction accounts expires at the end of the year. Nevertheless, over time, greater liquid asset positions and reduced dependence on wholesale short-term funding, together with more and better capital, will make the banking sector less susceptible to unexpected disruptions in short-term funding markets.”
  • Related postings on the financial system

    • FDIC strategy for esolving systemically important financial institutions

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    Remarks by Martin J. Gruenberg, Acting Chairman, FDIC to the Federal Reserve Bank of Chicago Bank Structure Conference; Chicago, IL – May 10, 2012 “Today I would like to take the opportunity to discuss one of those challenging issues – the orderly resolution of systemically important financial institutions (SIFIs). The Dodd-Frank Act provided important new… Continue Reading

    Census Bureau Reports Foreign-Born Households are Larger, Include More Children and Grandparents

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    “The U.S. Census Bureau reported today that foreign-born households are, on average, larger than native households, have more children under age 18, and are more likely to be multigenerational. The average size of foreign-born households (3.4 people) was larger than that of native-born households (2.5 people). About 62 percent of foreign-born family households included children… Continue Reading

    EIA – Vietnam Country Analysis Brief

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    Vietnam: “Over the course of two decades Vietnam emerged as an important oil and natural gas producer in Southeast Asia. Vietnam has boosted exploration activities, allowed for greater foreign company investment and cooperation in the oil and gas sectors, and introduced market reforms to support the energy industry. These measures have helped to increase oil… Continue Reading

    Over the past decade, lighting became more efficient across all sectors

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    EIA: “The Department of Energy (DOE) recently released a study of the 2010 lighting market, finding that lighting across all sectors became more energy efficient since their study of the 2001 lighting market. The residential sector, which accounted for 25% of total lighting energy consumption in 2010, remained the least energy efficient of the sectors,… Continue Reading