Treasurer of City of Los Angeles Presents Check to Angel's Flight
The City of Los Angeles, Grand Prize Winner of the AFP Pinnacle Grand Prize, will present a check to Angel's Flight for runaway and homeless youth, an organization run by Catholic Charities of Los Angeles. Wells Fargo Bank sponsored the recent Pinnacle Award program, generously donating $10,000 to the charity....
March 5, 2010
AFP EconWatch -- March 1, 2010
Federal Reserve Chairman Ben Bernanke repeated the Fed's intention to maintain interest rates at historic low levels even as the U.S. economy expanded during the end of 2009 at pace faster than previously had been estimated....
March 1, 2010
AFP EconWatch--February 22, 2010
The Federal Reserve took a surprising and symbolically important move on Thursday by raising the discount rate by 25-basis points to 0.75 percent. By raising the rate, the Fed continues to signal its intention to begin to roll back its many activities meant to stabilize the financial system....
February 22, 2010
New AFP Director Hunt Talks Treasury Issues
Previously at 3M Company, Tom Hunt oversaw the global banking strategy, redesigned and implemented a new domestic cash management structure and led acquisition activities for the treasury department....
Three of a Kind: AFP's Platform for Regulatory Change
AFP tackles three key areas -- over-the-counter derivatives, credit rating agency reform, and national vs. international standards regarding financial accounting and reporting...
February 2, 2010
AFP EconWatch--February 1, 2010
The U.S. economy ended 2009 growing at a rate that was last seen six years ago. According to the Bureau of Economic Analysis, the U.S. economy grew at a 5.7 percent pace (on a seasonally adjusted annualized basis) during the quarter....
SEC Adopts Changes to Money Market Funds Rule 2(a)7
On January 27, the Securities and Exchange Commission (SEC) voted 4 to 1 to adopt new rules to strengthen money market funds. The new rules focus on limiting risks associated with money market funds, increasing protection of investors, improving fund operations, and enhancing fund disclosures....
January 29, 2010
Federal Reserve Announces Closing of Several Liquidity Facilities
The Federal Reserve announced that it would be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1....
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