OFHEO: Accounting Change Shouldn't Drive Capital
Fannie Mae's and Freddie Mac's regulator told reporters this morning that regulators would not likely require the GSEs to dramatically increase capital in response to a change in accounting rules.
Jul 8
U.S. Agencies
Fed Policymakers' Profiles Update: Moderates Still Dominate
The departure of Frederic Mishkin at the end of August and the to-be-announced arrival of Elizabeth Duke to take up a term expiring at the end of 2012 will not alter the balance of voices on the FOMC. The FOMC will still be largely moderate in its outlook, although the hawkish rhetoric will continue as long as commodity prices remain on the rise.
Jul 8
Federal Reserve
Today Is SMR Survey Day!
SMR will conduct the weekly survey of SMR money managers today. Questions are listed in SMRA #30 on the Bloomberg and by clicking on the link here. Summary data will be proprietary to SMR clients. The results will be presented on Wednesday. Thank you for your participation!
Jul 8
Portfolio Manager Survey
Correction: Fed's Balance Sheet Post Bear Stearns
In a note posted Sunday we wrote that our reading of Thursday night's H4.1. release provided no indication of a mark-down of the Maiden Lane portfolio. In other words, we took exception to those commentators who argued that the value of Bears assets had fallen between mid-March and June 26, and effectively this was eating towards the Fed's capital, and ultimately the US taxpayer. We argued that the H4.1 report signalled a $1.077 bln liquidation of LLC's assets. We were wrong.
Jul 7
Federal Reserve
Eurozone & UK Economic Weekly
Please see our Eurozone Ahead for a preview of the key economic events in the euro area scheduled for release in the week beginning 7 July, 2008. For a preview of the key data in the UK please see our UK Week Ahead.
Jul 7
Europe/UK Week Ahead
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