Government Information

Earl Gregg Swem Library

2012 Census of Governments: Finance—State and Local Government Summary Report

Categories: Federal State Relations,Financial Crisis/Markets,Govt Finance,Statistics,Taxes

http://www2.census.gov/govs/local/summary_report.pdf

Presents data on state and local government finances including revenue by source, expenditures by character and function, indebtedness by term, and cash and security holdings by purpose.  Leading causes for revenue declines were falling interest income and declines in value of employee retirement investments.  From the Census Bureau

 

Taxing Capital Income: Effective Marginal Tax Rates Under 2014 Law and Selected Policy Options

Categories: Business/Economics,Financial Crisis/Markets,Taxes

http://www.cbo.gov/sites/default/files/cbofiles/attachments/49817-Taxing_Capital_Income_0.pdf

Examines the relationship between “tax rates on capital income” and “before-tax rates of return on investments” and how differences can reduce economic efficiency.  Also looks at the implications of proposed policy options for the taxation of capital income.  From the Congressional Budget Office

 

Transitioning to Alternative Structures for Housing Finance

Categories: Financial Crisis/Markets,Govt Finance,Housing/Homelessness

http://www.cbo.gov/sites/default/files/cbofiles/attachments/49765-Housing_Finance.pdf

Examines various mechanisms that policymakers could use to attract more private capital to the secondary mortgage market and extricate the federal government from its current position of insuring 70% of all new residential mortgages.  Analyzes transition paths to four alternative structures.  From the Congressional Budget Office

 

Consumer Credit Reports: A Study of Medical and Non-Medical Collections

Categories: Consumer Info/Protection,Financial Crisis/Markets,Health/Medical

http://files.consumerfinance.gov/f/201412_cfpb_reports_consumer-credit-medical-and-non-medical-collections.pdf

Reports that roughly half of all items on credit reports involve debt collectors seeking to collect on medical bills owed to hospitals and other medical providers.  This paper describes characteristics of medical and nonmedical debts on consumers’ credit reports and the processes by which they appear and disappear.  From the Consumer Financial Protection Bureau

 

2013 FDIC National Survey of Unbanked and Underbanked Households

Categories: Business/Economics,Financial Crisis/Markets,Statistics

https://www.fdic.gov/householdsurvey/2013report.pdf

Reports that one in thirteen U.S. households did not have money in a bank in 2013 and one in five was “underbanked.”  Also reports on characteristics of those households that were unbanked or underbanked and the alternative financial methods they used.  From the Federal Deposit Insurance Corporation

 

Wall Street Bank Involvement with Physical Commodities

Categories: Business/Economics,Financial Crisis/Markets

http://www.hsgac.senate.gov/download/?id=B8786D9A-2AE0-4D3B-82F7-3FBEF96E1A85

Results of a two year investigation into how Wall Street involvement with physical commodities has resulted in increasing risks to financial stability and manipulation of markets.  From the Senate Permanent Subcommittee on Investigations

 

Returning to the Nest: Debt and Parental Co-residence Among Young Adults

Categories: Education-Higher,Financial Crisis/Markets,Housing/Homelessness,Prices/Inflation

http://www.federalreserve.gov/econresdata/feds/2014/files/201480pap.pdf

Examines the relationship between a young adult’s debt burden, especially student loan debt, and the decision to reside with a parent.  From the Federal Reserve

 

The Impact of Missed Payments and Foreclosures on Credit Scores

Categories: Financial Crisis/Markets,Housing/Homelessness

http://www.clevelandfed.org/research/workpaper/2014/wp1423.pdf

Challenges the idea that foreclosure will ruin a credit score.  Finds that the first missed payment leads to the biggest reduction in credit scores and that credit scores improve substantially a year following foreclosure.  From the Cleveland Federal Reserve Bank

 

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