The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to simplify the administration of reserve requirements. The final rule creates a common two-week maintenance period for all depository institutions, creates a penalty-free band around reserve balance requirements in place of carryover and routine penalty waivers, discontinues as-of adjustments related to deposit report revisions, replaces all other as-of adjustments with direct compensation, and eliminates the contractual clearing balance program. The amendments are designed to reduce the administrative and operational costs associated with reserve requirements for depository institutions, the Board, and Federal Reserve Banks.
The legitimacy of democratic governments hinges on the capacity of public institutions and their elected and appointed leaders to successfully fulfill their sovereign obligations. Efforts to privatize and contract out government functions and deregulate industries have all been recognized as contributing to the "hollowing out" of governmental institutions. In the public administration field, "market-driven solutions" to policy and governmental failures became the hallmark of the New Public Management framework. Democratically sanctioned governmental institutions at the international, national, state, regional, and local levels are accountable to their citizenry. The range of regulatory subsystems, grant and contract agreements, and public-private partnerships needed to effectively manag...
Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws from seven Federal agencies to the Bureau of Consumer Financial Protection (Bureau) as of July 21, 2011. The Bureau is in the process of republishing the regulations implementing those laws with technical and conforming changes to reflect the transfer of authority and certain other changes made by the Dodd-Frank Act. In light of the transfer to the Bureau of the rulemaking authority of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the National Credit Union Administration, the Federal Deposit Insurance Corporation, and the Department of Housing and Urban Development for the Se...
... final rule also covers employees of institutions regulated by the Farm Credit Administration. This ...
This year's remaining agenda for Congress and the Obama administration, ambitious and wide-ranging, includes substantial issues such as health care, cap-and-trade legislation, an energy bill and the 2010 federal budget. Enacting financial regulatory reform that addresses the dangers from too-big-to-fail institutions is also a top priority of both the administration and the Congress. As a result, the outlook for community banking's policy objectives in Washington is bright. Most of ICBA's major policy recommendations have had powerful allies in the administration and Congress from the outset.
The President set the tone and nearly all cabinet secretaries followed his interest in Africa, most notably the secretaries of state, commerce, defense, treasury, health and human services, and labor, and the U.S. trade representative, all taking multiple official trips to Africa. [...] MCA revolutionized development assistance and is one of the key new institutions passed on to the Obama administration.
Exclusionary nationalismthat generates enemy images or perceptions of conflicts of interest with other states; pressure-group politics by military, ethnic, or economic groups that seek a parochial benefit from policies that raise international tensions; logrolling among elite factions that include such groups; persuasion and outreach by such groups to garner mass allies; ineffectual brokerage of political bargains by the ruling elite; contradictory and unconvincing signaling in foreign affairs; the use of aggressive foreign policies by groups gambling for domestic political resurrection; the use of partial or completemedia domination to promote nationalist ideology; and nationalist bidding wars between old elites and rising mass groups. According to the authors, democratization would i...
... longitudinal indicators of domestic institutions for 177 countries from 1800-1994, the authors expl... efficient and even-handed public administration, the rule of law, professional journalism, and pol...
Rep. Barney Frank of Massachusetts, an unapologetic, acid- tongued Democratic warrior for liberals and a favorite target of conservatives, said he will not seek re-election next year, ending a more than three-decade career in Congress. Frank, 71, played a key role in the government response to the meltdown of the financial markets in 2008. Then the chairman of the powerful House Financial Services Committee, he was a key player in negotiations with President George W. Bush's administration that produced the bailout of Wall Street banks and financial institutions.
The air of unreality surrounding the sudden meltdown of some of America's most prestigious financial institutions has been compounded by the administration's preposterous notion that taxpayers should rescue those institutions and expect no accountability in return. Congress must reject that premise.
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