Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (01/11/2013)
  • WASHINGTON (1/11/13)--President Obama yesterday nominated White House Chief of Staff Jack Lew as the next Secretary of Treasury.  Last May, Lew was a surprise speaker at a White House meeting organized by the National Cooperative Business Association (NCBA) to highlight the International Year of Cooperatives. The NCBA delegation included members of the Credit Union National Association's Cooperative Alliances Committee.  In a question-and-answer session, Lew was asked if he'd ever been in a co-op.  At first he shook his head 'no,' until the group reminded him credit unions are cooperatives.  He said he has been a member of several credit unions
  • WASHINGTON (1/11/13)--The Federal Reserve Board on Thursday announced preliminary unaudited results indicating that its reserve banks provided for payments of about $88.9 billion of their estimated 2012 net income to the U.S. Treasury. Under the board's policy, the residual earnings of each Federal Reserve Bank are distributed to the U.S. Treasury, after providing for the costs of operations, payment of dividends, and the amount equal to surplus with capital paid-in. The federal 2012 estimated net income of $91 billion was derived primarily from $80.5 billion in interest income on U.S. Treasury securities, federal agency and government-sponsored enterprise (GSE) mortgage-backed securities, and GSE debt securities …


RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
14 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
14 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
16 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
16 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
17 hours ago