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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Federal Reserve Had Very Profitable 2016
The Federal Reserve reported that it would turn over $92 billion in profits to the U.S. Treasury for 2016 – although it’s down from 2015, when the central bank paid $98 billion. The Fed does get to keep interest income that it earns on government bonds that it holds, as well as from securities tied to mortgage-finance giants Fannie Mae and Freddie Mac.
Through the purchase of such investments, the central bank can help push down borrowing costs in other sectors of the economy.
Fed board expenses in 2016 totaled $709 million - up slightly from the $705 million in 2015. Contributions to the CFPB were $596 million last year compared to $490 million a year earlier.
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FINRA Election Notice: Upcoming Board of Governors Election
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SEC and FINRA Compliance Outreach for Broker-Dealers
April 16, 2019 -
FINRA 'Inflates' Monetary Sanctions in Sanction Guidelines
March 1, 2019