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Interest Rates
- US: H15 -0.85 2012-01-12 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.08 2012-01-12 FRB Federal funds effective rate
- US: H15 0.07 2012-01-12 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 0.70 2012-01-12 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.10 2012-01-12 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Seeks Public Comment on Agency's Rules of PracticeProposed Changes Would Expedite Investigatory Processes, Keep Pace with Technology […]
- FTC Seeks Public Comment on Agency's Rules of Practice
Commerce News
- Remarks by Assistant Secretary Strickling at the Brookings Institution's Center for Technology InnovationTopics/Subtopics: ICANN Internet Policy Domain Name System Washington, DC January 11, 2012 Remarks by Lawrence E. Strickling Assistant Secretary of Commerce for Communications and Information Brookings Institution Principles of Internet Governance: An Agenda for Economic Growth and Innovation Washington, DC January 11, 2012 —As prepared for delivery— I w […]
- Remarks by Assistant Secretary Strickling at the Brookings Institution's Center for Technology Innovation
Small Business News
- Innovation in Small Businesses: Drivers of Change and ValueLanding page summary: The Office of Advocacy has funded several studies that examine the patent activity of small businesses (e.g., Breitzman and Hicks, 2008; CHI Research, 2002, 2004; and Eckhardt and Shane, 2006 to list a few). All show that small businesses outperform their larger counterparts in patent activity (issuance). Moreover, Breitzman and Hick […]
- Innovation in Small Businesses: Drivers of Change and Value
Monetary Policy
Cost Estimates
- S. 802, Lake Thunderbird Efficient Use Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on Energy and Natural Resources on November 10, 2011 […]
- S. 636, A bill to provide the Quileute Indian Tribe tsunami and flood protectionCost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on July 28, 2011 […]
- S. 499, Bonneville Unit Clean Hydropower Facilitation ActCost estimate for the bill as ordered reported by the Senate Committee on Energy and Natural Resources on November 10, 2011 […]
- S. 802, Lake Thunderbird Efficient Use Act of 2011
Banking
- Office of the Comptroller of the Currency Hosts Workshop in CaliforniaThe Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks and federal savings associations in Orange, California, at the Doubletree Anaheim-Orange County, January 23-25, 2012. […]
- Office of the Comptroller of the Currency Hosts Workshop in California
Market Risk Capital Rules
The federal bank regulatory agencies today announced they are seeking comment on a notice of proposed rulemaking (NPR) that would amend an earlier NPR announced in December 2010. The initial NPR proposed modifications to the agencies’ market risk capital rules for banking organizations with significant trading activities.
The amended NPR includes alternative standards of creditworthiness to be used in place of credit ratings to determine the capital requirements for certain debt and securitization positions covered by the market risk capital rules. The proposed creditworthiness standards include the use of country risk classifications published by the Organization for Economic Cooperation and Development for sovereign positions, company-specific financial information and stock market volatility for corporate debt positions, and a supervisory formula for securitization positions.
The earlier NPR was based largely on the revisions to the market risk framework published by the Basel Committee on Banking Supervision since 2005. However, it did not include aspects of the Basel Committee revisions that rely on credit ratings. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, all federal agencies must remove references to, and requirements of, reliance on credit ratings from their regulations and replace them with appropriate alternatives for evaluating creditworthiness. The agencies believe that the capital requirements resulting from the implementation of these alternative standards would be generally consistent with the standards in the Basel Committee’s revisions.
The agencies expect to publish a final market risk capital rule after consideration of the comments on both NPRs. Comments on this NPR are requested by February 3, 2012.