Dismal's Smacks

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Inflation Alert! Inflation = loss of Purchasing Power of the Dollar. In March, the purchasing power of $100 in January 2000 dropped to a new record low of $58.80.

Federal Reserve Alert! Federal Reserve Board accepting applications for its Community Advisory Council. u/dlauer and u/RealPulte it would be great if you consider applying!

Source Solicitation of Applications for Membership on the Community Advisory Council (pdf) Like the title suggests, u/dlauer and u/RealPulte it would be great if you consider applying. Application Candidates may submit applications by one of three options: • Online: Complete the application form on the Board’s website at

Federal Reserve Alert! Statement Regarding Standing Repo (RRP) Facility Counterparty Eligibility Criteria.

Source The requirement for these institutions to have total U.S. Treasury, agency debt and agency mortgage-backed securities holdings equal to or greater than $5 billion or total assets equal to or greater than $30 billion is being reduced to $2 billion and $10 billion, respectively. All other eligibility criteria

FICC Alert! Proposed rule to amend the Mortgage-Backed Securities Division Clearing Rules to move certain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit

Federal Reserve Alert! Michael Held Resigns from the New York Fed

Source NEW YORK – The Federal Reserve Bank of New York today announced that Michael Held has decided to step down from his role as General Counsel and Head of the Legal Group. He will be leaving the Bank in June 2022 and in the interim will move to an advisor

Federal Reserve Alert! Federal Reserve Board issues enforcement action with former employee Joseph Jiampietro, former managing director of Goldman Sachs Group, Inc.--he is permanently barred from the banking industry stemming from his unauthorized use and

Source PDF attachment Jiampietro agreed to the prohibition, stemming from his unauthorized use and disclosure of confidential supervisory information. Confidential supervisory information includes bank examination reports and other confidential reports prepared by banking regulators. It is illegal to use or disclose confidential supervisory information without prior approval of the appropriate