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Interest Rates
- US: H15 -0.06 2010-11-18 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.20 2010-11-18 FRB Federal funds effective rate
- US: H15 0.22 2010-11-18 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.03 2010-11-18 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.18 2010-11-18 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC to Send Refund Checks to Consumers Who Bought Bogus "Ab Force" Weight Loss DevicesAn administrator working for the Federal Trade Commission will mail 34,130 refund checks today for approximately $17.89 each to consumers who were deceived into buying “Ab Force” electronic stimulation devices by advertisements that falsely claimed they could help people lose weight. […]
- FTC to Send Refund Checks to Consumers Who Bought Bogus "Ab Force" Weight Loss Devices
Commerce News
- President’s Spectrum Plan ReportsNTIA announced it is recommending that 115 MHz of spectrum be reallocated for wireless broadband service within the next five years -- an important step towards achieving President Obama’s goal to nearly double the amount of commercial spectrum available over the next decade. NTIA has also established a plan and timetable for identifying spectrum that can be […]
- President’s Spectrum Plan Reports
Small Business News
- Chief Counsel Endorses Repeal of 1099On November 18, 2010, Chief Counsel for Advocacy Winslow Sargeant, Ph.D., testified before the U.S. Senate Committee on Small Business and Entrepreneurship hearing on “Assessing the Regulatory and Administrative Burdens on America’s Small Businesses.” […]
- Chief Counsel Endorses Repeal of 1099
Monetary Policy
Cost Estimates
- S. 3517, Claims Processing Improvement Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Veterans' Affairs on August 5, 2010 […]
- S. 1649, WMD Prevention and Preparedness Act of 2009Cost estimate for the bill as ordered reported by the Senate Committe on Homeland Security and Governmental Affairs on November 4, 2009 […]
- S. 510, FDA Food Safety Modernization ActPay-as-you-go estimate for Senate Amendment 4715 in the nature of a substitute to S. 510 […]
- S. 3517, Claims Processing Improvement Act of 2010
Banking
- OCC Enforcement ActionsThe Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. […]
- OCC Enforcement Actions
Credit Card Agreements
The Federal Reserve Board on Monday released a report that contains payment and account information about more than 1,000 agreements between credit card issuers and institutions of higher education or affiliated organizations that provide for the issuance of credit cards to students. The Board also launched an online database with additional information such as the terms of these agreements.
The Credit Card Accountability Responsibility and Disclosure Act of 2009 (“Credit CARD Act”) requires issuers to submit to the Board annually their agreements with educational institutions or affiliated organizations, such as alumni associations. For each agreement, issuers are also required to submit information regarding payments made to the institution or organization and the number of accounts opened under the agreement. The Board’s report covers 1,044 agreements that were in effect during 2009. Among other things, the report lists the largest agreements by the dollar amount of payments made to the institution or organization during 2009, by the total number of accounts opened under the agreement during 2009, and by the total number of accounts opened under the agreement that remained open at the end of 2009 (regardless of when the account was opened). It is available online (325 KB PDF).
A new online database, www.FederalReserve.gov/CollegeCreditCardAgreements, provides additional information about the agreements. Users can access the complete agreement text in PDF format and see the information submitted by card issuers regarding payments and accounts. Users may also search for agreements by card issuer, by educational institution or organization, or by the city or state in which the institution or organization is located.
Because card issuers’ submissions to date cover only agreements in effect during 2009, the Board’s report and website do not provide information regarding revisions made to those agreements in 2010. Issuers’ 2010 agreements will be included in their 2011 submissions and the subsequent Board report and updated database.