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Economic Indicators- Major Economic Indicators Latest NumbersConsumer Price Index (CPI): +0.1% in Mar 2010 News Release Historical Data Unemployment Rate: 9.7% in Mar 2010 News Release Historical Data Payroll Employment: +162,000(p) in Mar 2010 News Release Historical Data Average Hourly Earnings: -$0.02(p) in Mar 2010 News Release Historical Data Producer Price Index (PPI): +0.7%(p) in Mar 2010 News Release Historica […]
- Major Economic Indicators Latest Numbers
- Consumer News
- FDA Provides Consumer Advice Following Recall of Products for Infants and ChildrenMcNeil Consumer Healthcare is implementing a voluntary recall of infant and children’s liquid products due to manufacturing deficiencies which may affect quality, purity or potency. Following McNeil’s recall announcement on Friday evening, the FDA is providing additional advice to consumers.The products include certain liquid infant’s and children’s Tylenol® […]
- FDA Provides Consumer Advice Following Recall of Products for Infants and Children
- Economic Analysis
- GDP for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin IslandsWASHINGTON, D.C. (May 5, 2010) -- The Bureau of Economic Analysis (BEA) released its first set of estimates of gross domestic product (GDP) for American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin Islands (USVI). Full Text […]
- GDP for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands
- Budget Office
- How Policies to Reduce Greenhouse Gas Emissions Could Affect EmploymentHuman activities around the world are producing increasingly larger quantities of greenhouse gases, particularly carbon dioxide resulting from the use of fossil fuels and from deforestation. Adopting policies aimed at reducing emissions of green house gases would shift the demand for goods and services away from fossil fuels and products that require substan […]
- How Policies to Reduce Greenhouse Gas Emissions Could Affect Employment
- Economic Outlook
- H.R. 5116, America COMPETES Reauthorization Act of 2010Cost estimate for the bill as ordedred reported by the House Committee on Science and Technology on April 28, 2010 […]
- S. 624, Senator Paul Simon Water for the World Act of 2009Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on April 13, 2010 […]
- S. 446, A bill to permit the televising of Supreme Court proceedingsCost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 29, 2010 […]
- H.R. 3619, CBO Estimate of the Statutory Pay-As-You-Go Effects for an amendment in the nature of a substitute to H.R. 3619, the Coast Guard Authorization Act for Fiscal Year 2010 and 2011Pay-as-you-go estimate for the bill as provided to CBO by the Senate Committee on Science, Commerce, and Transportation on May 3, 2010. […]
- How Policies to Reduce Greenhouse Gas Emissions Could Affect EmploymentEconomic and Budget Issue Brief […]
- H.R. 5116, America COMPETES Reauthorization Act of 2010
Risk Management
The federal banking agencies,1 in conjunction with the Conference of State Bank Supervisors (CSBS), released a policy statement today on their expectations for sound funding and liquidity risk management practices. This policy statement, adopted by each of the agencies, summarizes the principles of sound liquidity risk management issued previously and, when appropriate, supplements them with the “Principles for Sound Liquidity Risk Management and Supervision” issued in September 2008 by the Basel Committee on Banking Supervision.
Given the recent market turmoil, the agencies are reiterating the importance of effective liquidity risk management for the safety and soundness of financial institutions. This policy statement emphasizes the importance of cash flow projections, diversified funding sources, stress testing, a cushion of liquid assets, and a formal, well-developed contingency funding plan as primary tools for measuring and managing liquidity risk. The agencies expect each financial institution to manage funding and liquidity risk using processes and systems that are commensurate with the institution’s complexity, risk profile, and scope of operations.