Federal Reserve Board: H.2 Release for Week Ending April 7, 2018; H.4.1 Release (Balance Sheet) for Week Ending April 12, 2018; One Of Note Item

Of Note–

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(1) Mainly millionaires (see table), former chairs of the White House Council of Economic Advisers, warn about a “debt crisis,”  or why the government should do little for the 99 percent of the population. Sad.

Economist Net Worth Source
Jason Furman $24.6 million http://pfds.opensecrets.org/N99999893_2013.pdf
Janet Yellen $14.6 million Bloomberg (photo at previous blog post)
Alan Krueger $2 million to $5 million (2011) https://www.opensecrets.org/personal-finances/assets/Alan-Krueger?cid=N99999902&year=2011
Laura D’Andrea Tyson n.a. n.a
Martin Neil Baily n.a. n.a.

The United States is a currency issuer; its “debts” are in its own currency.



The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday. The release for the week ending March 17, 2018, is below.

H.2 Release–Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

Category Action Taken
Bank Holding Companies Arvest Bank Group, Inc., Bentonville, Arkansas; and Arvest Holdings, Inc. — to acquire Bear State Financial, Inc., Little Rock, and to indirectly acquire Bear State Bank; and for Arvest Bank, Fayetteville, to merge with Bear State Bank and thereby establish branches.

-Approved, April 2, 2018


Forms Forms — initial Board review to extend with revision the Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau’s (CFPB) Regulation M (Consumer Leasing) (FR M).

-Proposed, April 2, 2018


Forms — initial Board review to extend without revision the Federal Reserve Clearance for Board Public Website Usability Surveys (FR 3076).

-Proposed, April 2, 2018


Personnel Management Division — appointment of Kendra Lee Gastright as associate director.

-Approved, April 2, 2018


Reserve Bank Operations Federal Reserve Bank of New York — appointment of John C. Williams as president, effective June 18, 2018.

-Approved, April 3, 2018


Enforcement Turkiye Cumhuriyeti Ziraat Bankasi A.S., Ankara, Turkey — written agreement dated June 25, 2014, terminated March 20, 2018.

-Announced, April 5, 2018

Federal Reserve Board: Balance Sheet (H.4.1 Release)

The Board publishes data of factors affecting reserve balances. The digest is called the H.4.1 Release, and they are published every Thursday (or the next business day if the publication date falls on a federal holiday). The release for April 12, 2018, is below.

[Note: The blog will cover the line titled “Total Factors Supplying Reserve Funds.”]

H.4.1 Release–Factors Affecting Reserve Balances

Total factors supplying reserve funds (as of April 11, 2018):  $4,431,188 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)