In 1995, the National Academy of Sciences, National Academy of Engineering, Institute of Medicine, and
National Research Council issued a report entitled Allocating Federal Funds for Science and Technology, which
recommended tracking federal investments in the creation of new knowledge and technologies—what the report
referred to as the federal science and technology budget (FS&T).
Millions of adults in the U.S. report that they speak limited English, and English language ability appears linked to multiple dimensions of adult life, such as civic participation and workforce participation and mobility.
To quantify the impact of luck on mutual fund performance, we use the False Discovery
Rate (F DR) introduced by Benjamini and Hochberg (1995) in the statistical
literature. The F DR measures the proportion of lucky funds among the funds with significant
estimated alphas. We extend this methodology by developing a new approach
which allows us to separately compute the F DR among funds with significant positive
estimated alphas (called hereafter the best funds) and funds with significant negative
estimated alphas (called hereafter the worst funds)....
.The research described in this report was sponsored by the Office of the Secretary of Defense (OSD). The research was conducted in the R AND National Defense Research Institute, a federally funded research and development center supported by the OSD, the Joint Staff, the unified commands, and the defense agencies under Contract DASW01-01-C-0004.
After reading this chapter, you should be able to: Discuss how the equilibrium interest rate is determined in the market for money, list and explain the goals and tools of monetary policy, describe the Federal funds rate and how the Fed directly influences it, identify the mechanisms by which monetary policy affects GDP and the price level, explain the effectiveness of monetary policy and its shortcomings.
The money market is traditionally defined as the market for financial
assets that have original maturities of one year or less. In essence, it is
the market for short-term debt instruments. Financial assets traded in
this market include such instruments as U.S. Treasury bills, commercial
paper, some medium-term notes, bankers acceptances, federal agency
discount paper, most certificates of deposit, repurchase agreements,
floating-rate agreements, and federal funds.
Open market operations
Affect the quantity of reserves and the monetary base
Changes in borrowed reserves
Affect the monetary base
Changes in reserve requirements
Affect the money multiplier
Federal funds rate—the interest rate on overnight loans of reserves from one bank to another
Primary indicator of the stance of monetary policy
For States that do not seek to operate a State-based Exchange or a Partnership with the Federally-
facilitated Exchange, HHS will establish and operate a Federally-facilitated Exchange. In such
instances, a State may elect to run reinsurance and may elect to coordinate with CMCS on decisions
and protocols for either an eligibility assessment or eligibility determination model in the Federally-
Tham khảo sách '2012 annual report of the boards of trustees of the federal hospital insurance and federal supplementary medical insurance trust funds', tài chính - ngân hàng, bảo hiểm phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả
This book is based on a doctoral thesis completed at the Faculty of Law,
University of Cambridge. It benefited from research funding provided
by Gonville and Caius College and the Faculty of Law in Cambridge,
and from the hospitality and generous assistance of Professors Jürgen
Basedow and Reinhard Zimmermann during a period at the Max
Planck Institute for Comparative and International Private Law in
Hamburg, and of Professor George Bermann during a period as a
Visiting Scholar at Columbia University....
This project has been funded with federal funds from the U.S. Department of Agriculture, under the Food Stamp Nutrition Education Program.
The contents of this training session or of these educational materials do not necessarily refect the view or policies of the U.S. Department of
Agriculture, nor does mention of trade names, commercial products, or organizations imply endorsement by the U.S. government. USDA is an
equal opportunity employer.
The federal funds market also functions as the core of a more extensive overnight market for credit free
of reserve requirements and interest rate controls. Nonbank depositors supply funds to the overnight market
through repurchase agreements (RPs) with their banks. Under an overnight repurchase agreement, a
depositor lends funds to a bank by purchasing a security, which the bank repurchases the next day at a
price agreed to in advance. In 1991, overnight RPs accounted for about 25 percent of overnight borrowings
by large commercial banks.
It could be argued that the prevailing sense of interest rate predictability at the time of the
“conundrum” combined with a banking system willing to take huge duration exposures would
have made a policy of bond sales ineffective. But it should be remembered that this sense of
interest rate predictability was itself deliberately nurtured by the Federal Reserve policy of a
“measured pace” in increasing the Federal funds rate. The Federal Reserve was anxious to
avoid a bond market collapse similar to the one that took place around the early 1994
We begin our sample construction with a list of the top 75 countries in the world based on GDP at the
end of 2001.
This list is matched with countries identified as having a fund industry in publications of
either the Investment Company Institute (ICI) or Fédération Européenne des Fonds et Sociétés
The asset size for the countries not listed in the ICI and FEFSI data sources
is gathered through web-based sources and discussions with industry experts. We are able to obtain a
sample of 55 countries with data on the relative size of the...
The run on prime MMMFs caused further disruption to already stressed short term corporate credit
markets. Though many of the redemptions from prime MMMFs flowed into Treasury and Government
MMMFs, and thus MMMF assets in aggregate fell less sharply than those of prime MMMFs, the
Treasury and Government funds were not eligible to purchase many of the corporate issues that prime
MMMFs were selling or ceasing to roll over.
Các CDs ngắn hạn, chuyển nhượng được, được mua đi bán lại trên thị trường thứ cấp trước thời gian đáo hạn. Chỉ có các "negotiable CD" mới được xem là công cụ của thị trường tiền tệ. Các khoản tài trợ nóng FEDERAL FUNDS HAY FED FUNDS Các khoản tài trợ nóng là các vay mượn qua đêm giữa những ngân hàng thương mại với nhau, chủ yếu được thực hiện để đáp ứng yêu cầu về mức dự trữ do ngân hàng trung ương quy định. ...
In addition, the Volcker Rule does not apply to Banking Entity’s investing in or sponsoring hedge funds
or private equity funds that occur solely outside the United States as long as (i) no ownership interest
in such funds is offered to U.S. residents, and (ii) the Banking Entity is not directly or indirectly
controlled by another Banking Entity that is organized under the laws of the United States or a U.S.
Under the Act, the Federal banking agencies, the SEC, the CFTC and the Board of Governors of the
Federal Reserve System (the “Fed”) will coordinate to...
» Directors’ responsibilities are derived from their general fiduciary duties. The federal
securities laws do not impose any specific obligations on fund directors with respect to
oversight of risk management; in general, fund directors’ responsibilities are derived
from their general fiduciary duties of care and loyalty and are part of their overall
responsibility to oversee the management and operation of the fund.
» A board’s focus is on the fund’s risks, which also entails understanding the adviser’s
risks that may impact the fund.