Federal Independent Agencies
News releases, reports, statements and associated documents from federal independent agencies.
U.S. House Prices Rise 1.5 Percent in Fourth QuarterWASHINGTON, Feb. 23 -- Federal Housing Finance Agency issued the following news release:
U.S. house prices rose 1.5 percent in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016. FHFA's seasonally adjusted monthly index for December was up 0.4 percent from November.
The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. FHFA has produced a video of highlights for this quarter.
"Although WASHINGTON, Feb. 23 -- Federal Housing Finance Agency issued the following news release: U.S. house prices rose 1.5 percent in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016. FHFA's seasonally adjusted monthly index for December was up 0.4 percent from November. The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. FHFA has produced a video of highlights for this quarter. "Althoughinterest rates rose sharply during the fourth quarter, our data show no signs of a home price slowdown," said FHFA Deputy Chief Economist Andrew Leventis. "Although it will certainly take more time for the full effects of the elevated interest rates to be felt, there is no evidence of a normalization in the unusually low inventories of homes available for sale, which has been the primary force behind the extraordinary price gains."
* Home prices rose in 46 states and the District of Columbia between the fourth quarter of 2015 and the fourth quarter of 2016. The top five states in annual appreciation were: 1) Oregon 11.0 percent; 2) Colorado 10.6 percent; 3) Florida 10.4 percent; 4) Washington 10.2 percent; and 5) Nevada 8.9 percent.
* Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Tampa-St. Petersburg-Clearwater, FL, where prices increased by 13.2 percent. Prices were weakest in Wilmington, DE-MD-NJ (MSAD), where they fell 1.8 percent.
* Of the nine census divisions, the Mountain division experienced the strongest increase in the fourth quarter, posting a 2.1 percent quarterly increase and a 8.0 percent increase since the fourth quarter of last year. House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.9 percent from the last quarter.
Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. as a whole are included on the following pages.
Other Price Indexes
Most statistics in the quarterly house price index report reference price changes computed by FHFA's basic "purchase-only" HPI. In some cases, however, the reported statistics reference alternative price measures. FHFA publishes - and makes available for download - three additional house price indexes beyond the basic "purchase-only" series. Although they use the same general methodology, the three alternatives rely on slightly different datasets as follows:
* "Distress-Free" house price index. Sales of bank-owned properties and short sales are removed from the purchase-only dataset prior to estimation of the index.
* "Expanded-Data" house price index. Sales price information sourced from county recorder offices and from FHA-backed mortgages are added to the purchase-only data sample. This index is used annually to adjust the maximum conforming loan limits, which dictate the dollar amount of loans that can be acquired by Fannie Mae and Freddie Mac.
* "All-Transactions" house price index. Appraisal values from refinance mortgages are added to the purchase-only data sample.
* Data constraints preclude the production of all types of indexes for every geographic area, but multiple index types are generally available. For individual states, for instance, three types of indexes are available. The various indexes tend to correlate closely over the long-term, but short-term differences can be significant.
Expansion and Update of Experimental Annual House Price Indexes
Last year, FHFA published a set of experimental annual house price indexes for ZIP codes and counties across the country. The indexes are constructed using the typical "repeat-transactions" methodology FHFA already uses. With this release, FHFA is expanding the number of these experimental indexes. In addition to continuing coverage for ZIP codes and counties, FHFA is releasing annual indexes for the nation as a whole, states, Core Based Statistical Areas (CBSAs), and Census tracts. Index values are published for 1975-2016. More information about these measures is provided in a "Technical Note" in this report on page 23.
FHFA's HPI tracks changes in average home prices by analyzing changes in home values for the individual properties. The underlying "repeat-transactions" methodology constructs index estimates by statistically evaluating price appreciation (or depreciation) for homes with multiple values over time. The purchase-only HPI uses sales price information from Fannie Mae- and Freddie Mac-purchased and Enterprise-guaranteed mortgages originated over the past 41 years. The purchase-only HPI is estimated with more than seven million repeat transactions. A video shows the basic methodology behind the FHFA HPI.
* The next monthly HPI report (including data through January 2017) will be released March 22, 2017 and the next quarterly HPI report (including data for the first quarter of 2016) will be released May 24, 2017.
* HPI release dates for 2017 are available at https://www.fhfa.gov/hpi.
* Follow @FHFA on Twitter, LinkedIn and YouTube for more HPI news.
2016 Q4 HPI (https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/2016Q4_HPI.pdf)
SBA Offers Disaster Assistance to Nevada Businesses and Residents Affected by the Severe Winter Storms, Flooding and MudslidesSACRAMENTO, Calif., Feb. 23 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:
Low-interest federal disaster loans are available to Nevada businesses and residents affected by the severe winter storms, flooding and mudslides that occurred Jan. 5-14, 2017, U.S. Small Business Administration (SBA) Administrator Linda McMahon announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Brian Sandoval on Feb. 22, 2017.
The disaster declaration makes SBA assistance available in Churchill, SACRAMENTO, Calif., Feb. 23 -- The Small Business Administration's Office of Disaster Assistance issued the following news release: Low-interest federal disaster loans are available to Nevada businesses and residents affected by the severe winter storms, flooding and mudslides that occurred Jan. 5-14, 2017, U.S. Small Business Administration (SBA) Administrator Linda McMahon announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. Brian Sandoval on Feb. 22, 2017. The disaster declaration makes SBA assistance available in Churchill,Humboldt, Lyon, Pershing, Storey and Washoe counties and Carson City in Nevada; Lassen, Modoc, Nevada, Placer and Sierra counties in California; and Harney and Lake counties in Oregon.
"SBA is strongly committed to providing Nevada with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster," said McMahon. "Getting our businesses and communities up and running after a disaster is our highest priority at SBA."
"Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster," said SBA's acting Nevada District Director Ben Raju. "Beginning 1 p.m. on Monday, Feb. 27, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA's disaster loan program, explain the application process and help each individual complete their application," Raju continued. The center will be open on the days and times indicated below. No appointment is necessary.
Disaster Loan Outreach Center
South Valleys Library
15650-A Wedge Parkway
Reno, NV 89511
Opens 1 p.m. on Monday, Feb. 27
Mondays - Fridays, 9 a.m. - 6 p.m.
Center closes 6 p.m. on Thursday, March 9
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 3.125 percent for businesses, 2.5 percent for private nonprofit organizations and 1.5 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant's financial condition.
Applicants may apply online using SBA's secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA's Customer Service Center by calling (800) 659-2955 or emailing email@example.com. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit https://www.sba.gov/disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for property damage is April 24, 2017. The deadline to return economic injury applications is Nov. 24, 2017.
New Report Examines the Impact of Undergraduate Research Experiences for STEM StudentsWASHINGTON, Feb. 23 -- The National Academies of Sciences, Engineering and Medicine issued the following news release:
The call for expanding undergraduates' access to research experiences in science, technology, engineering, and mathematics (STEM) raises questions about their use and potential to increase students' interest and persistence in these disciplines. A new report from the National Academies of Sciences, Engineering, and Medicine examines the evidence on undergraduate research experiences (UREs) and recommends more well-designed research to gain a deeper understanding of how these WASHINGTON, Feb. 23 -- The National Academies of Sciences, Engineering and Medicine issued the following news release: The call for expanding undergraduates' access to research experiences in science, technology, engineering, and mathematics (STEM) raises questions about their use and potential to increase students' interest and persistence in these disciplines. A new report from the National Academies of Sciences, Engineering, and Medicine examines the evidence on undergraduate research experiences (UREs) and recommends more well-designed research to gain a deeper understanding of how theseexperiences affect different students and to examine the aspects of UREs that are most beneficial.
The report looks at the rapidly evolving types of UREs and their complexity in terms of content; context; the diversity of the student participants, including the educational pathways of those students; and the opportunities they provide for learning. The committee that conducted the study and wrote the report found there are many unanswered questions about the role of UREs in undergraduate learning and the mechanisms by which these experiences might support various student, faculty, and institutional goals.
The traditional model of a URE is a student working with a faculty member on a research project, but UREs have expanded to include course-based experiences, internships and co-op positions, as well as "wrap-around" programs, which may offer combinations of mentoring, courses in study skills, and courses in research approaches and ethics. These experiences differ in leadership, mentoring, format, and duration. They also vary in expectations for students; the value for career trajectory, goals, and outcome measures; and the populations served. Institutional support, disciplinary and multidisciplinary expectations, and faculty motivation and rewards also differ.
"These experiences have the potential to transform the way students perceive and understand what they are learning and how it is applied in real-world situations," said committee chair James Gentile, Emeritus Herrick Professor and former dean for the natural and applied sciences at Hope College in Holland, Michigan. "Course-based UREs could be important as well for students who do not move on to STEM-based careers. Such students might gain an enhanced understanding of the research enterprise, which would help them to better understand the complexities of real-world problems such as disease causation and treatments, or the potential effects of human activities on the world's climate."
The committee developed a framework for designers, researchers, and evaluators to organize their ideas about and analyses of UREs. The first part of the framework articulates the goals for students participating in UREs -- increasing retention of students in STEM; promoting STEM disciplinary knowledge and practices; and integrating students into STEM culture -- and examines how these goals are related to different features of UREs. It also outlines principles to consider in designing UREs: making STEM research accessible and relevant, promoting autonomy, helping students learn from each other, and supporting students' reflection and reasoning. The goals and principles serve to deepen students' understanding of important concepts and the research process. The second part of the framework looks at ways that national and state policies, institutional culture, and disciplinary expectations can affect the climate in which UREs are developed and implemented.
Data on the number and types of UREs offered have not been collected systematically, the report says. Institutions should collect data on student participation to inform their planning and look for opportunities to improve the quality of and access to UREs. Administrators and faculty should work to develop strong and sustainable partnerships within and between institutions and with educational and professional societies to share resources to facilitate the creation of sustainable URE programs.
Research on the efficacy of UREs is still in the early stages of development, the report notes. Well-designed studies are needed to examine the various types of UREs and their characteristics in order to gather evidence on what makes UREs effective. The committee recommended more research on the problems that designers and implementers of URE programs often encounter. The design process should examine the goals of the campus, program, faculty, and students, as well as consider the available resources, and how the program or experience will be evaluated or studied. These aspects should be considered in the initial design of a URE and, at the same time, a process should be developed that allows for continuous efforts to improve the URE based on new information and evidence.
The study was sponsored by the National Science Foundation. The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide independent, objective analysis and advice to the nation to solve complex problems and inform public policy decisions related to science, technology, and medicine. The Academies operate under an 1863 congressional charter to the National Academy of Sciences, signed by President Lincoln. For more information, visit http://national-academies.org. A committee roster follows.
# # #
THE NATIONAL ACADEMIES OF SCIENCES, ENGINEERING, AND MEDICINE
Division of Behavioral and Social Sciences and Education
Board on Science Education
Committee on Strengthening Research Experiences for Undergraduate STEM Students
James M. Gentile (chair)
Emerging Technology Grants
Department of Kinesiology, and
Wisconsin Institute of Science and Community Engagement
University of Wisconsin
Deborah F. Carter
Department of Higher Education
Claremont Graduate University
Lappan-Phillips Professor of Science Education
Michigan State University
John B. Peatman Distinguished Professor
School of Electrical and Computer Engineering, and
Arbutus Center for the Integration of Research and Education
Georgia Institute of Technology
Sarah C.R. Elgin
Viktor Hamburger Professor of Arts and Sciences;
Department of Biology; and
HHMI Professor of Genetics and Education
Institute for Health Aging
University of California
Professor of Electrical and Computer Engineering, and
Roy A. Brothers University Professor
Educational Research and Development
Research Professor of Biomedical Anthropology
Department of Sociology
Center for Demography and Ecology
University of Wisconsin
Community College Undergraduate Research Initiative, and
Director of Biotechnology and Biomanufacturing
Finger Lakes Community College
Department of Physics, and
STEM Transformational Institute
Florida International University
Marcia C. Linn
Professor of Development and Cognition
Graduate School of Education
University of California
Associate Professor of Geology
Ethnography and Evaluation Research Center
University of Colorado
Kerry A. Brenner
1 Member, National Academy of Engineering
2 Member, National Academy of Sciences
NASA Establishes New Public-Private Partnerships to Advance U.S. Commercial Space CapabilitiesWASHINGTON, Feb. 23 -- NASA issued the following news release:
NASA is partnering with eight U.S. companies to advance small spacecraft and launch vehicle technologies that are on the verge of maturation and are likely to benefit both NASA and the commercial space market.
These partnerships are the result of a solicitation released in August 2016 by NASA's Space Technology Mission Directorate (STMD), titled Utilizing Public-Private Partnerships to Advance Tipping Point Technologies. They mark the second round of public-private opportunities that enable industry to develop promising commercial WASHINGTON, Feb. 23 -- NASA issued the following news release: NASA is partnering with eight U.S. companies to advance small spacecraft and launch vehicle technologies that are on the verge of maturation and are likely to benefit both NASA and the commercial space market. These partnerships are the result of a solicitation released in August 2016 by NASA's Space Technology Mission Directorate (STMD), titled Utilizing Public-Private Partnerships to Advance Tipping Point Technologies. They mark the second round of public-private opportunities that enable industry to develop promising commercialspace technologies that also may benefit future NASA missions.
"The first awards showed us how much the commercial space sector is ready to collaborate with us on developing capabilities that align with their business plans and meet NASA's strategic goals," said Steve Jurczyk, associate administrator for STMD. "By contributing their own funds to their projects, these U.S. companies are joining in innovative co-investments to enable NASA's next generation of science and human exploration missions."
A technology is considered at a 'tipping point' if an investment in a demonstration of its capabilities will result in a significant advancement of the technology's maturation, a higher likelihood of infusion into a commercial space application, and a significant improvement in the partner's ability to successfully bring the technology to market.
Small Launch Vehicle Technology Development
Small Launch Vehicle Technology enables the use of small spacecraft for technology development, science missions and to support deep space human exploration. The agency is partnering with the following companies to accelerate the development of commercial capabilities to enable frequent launches of small spacecraft to low-Earth orbit:
Masten Space Systems, Inc., Mojave, California
Maturing the M10A 25,000lbf Liquid Oxygen/Methane Broadsword Engine
* Masten Space Systems is developing an engine which incorporates advanced manufacturing techniques. The engine will be used to provide a lower-cost reusable launch service for the growing CubeSat and smallsat launch market.
Ventions, LLC, San Francisco
Development and Flight-Testing of a High-Performance Electric-Pump Fed Launch Vehicle
* Ventions LLC will provide a full launch vehicle integration and orbital flight test demonstration of a two-stage launch vehicle. The launch vehicle will be capable of on-demand ground launch of small payloads to low-Earth orbit.
Tyvak Nano-Satellite Systems, Inc., Irvine, California
Micro-Avionics Multi-Purpose Platform (MicroAMPP)
* Tyvak will produce a commercial micro-avionics platform which supports launch vehicles and microsatellites. The project also will create a real-time system capable of simulating launch scenarios. Three test flights will be conducted to demonstrate the micro-avionics platform.
HRL Laboratories, LLC, Malibu, California
Additively Manufactured Ceramic Rocket Engine Components
* HRL Laboratories will develop additively manufactured high-temperature materials applicable to rocket engine components. HRL Laboratories, working with their sub-contractor Vector Space Systems, will mature the technology resulting in a hot-fire test of a high performance liquid oxygen/propylene rocket engine. This technology can be applied to small and large engines for launch vehicles.
UP Aerospace, Inc., Littleton, Colorado
Spyder: Critical Technology Demonstration Tests
* A suborbital mission will demonstrate several subsystems for a launch vehicle currently under development. The subsystems include a Guidance, Navigation & Control (GN&C) system, nose-fairing separation system, and lightweight staging system. In addition, a ground test will be conducted for the Stage 1 rocket engine. The launch vehicle will be capable of launching small nanosatellites to low-Earth orbit.
Orbital Sciences Corporation, Dulles, Virginia
Carbon Nanotube Infused Launch Vehicle Structures
* Orbital Sciences Corporation will incorporate advanced materials for dampening into flight structures to reduce dynamic loads during flight. They will build sub-scale and full-scale flight structures and complete end-to-end ground and flight testing. If successful, this technology has the potential to increase the payload capability and reduce costs for launch vehicles.
Small Spacecraft Capability Demonstration Missions
NASA is partnering with the following companies to advance small spacecraft capabilities through flight demonstrations with aggressive schedule and cost targets:
Trans Astronautica Corporation, Lake View Terrace, California
Theia: Synthetic Tracking Demonstration for Commercial, NASA and Other Government Agency Applications to Space Situational Awareness, Planetary Defense, and Asteroid In Situ Resource Utilization
* Addressing a potential need for increased space situational awareness, this orbital demonstration mission will seek to detect near-Earth asteroids and orbital debris through a new technique that helps detect small, fast-moving objects that are dimly lit. Working with Deep Space Industries of Moffett Field, California, and NASA's Jet Propulsion Laboratory in Pasadena, California, Trans Astronautica will test a synthetic tracking system that detects objects streaking though its field of view and then, working in a way analogous to HDR imagery, builds a composite image of the object.
ExoTerra Resource, Littleton, Colorado
300-Watt CubeSat Solar Electric Propulsion Demonstrator
* Opportunities to launch as secondary payloads offer an affordable way to get small spacecraft into orbit, but safety restrictions on launching with energetic and pressurized materials often prevents those spacecraft from carrying significant propulsion capabilities. ExoTerra will flight test a 300-watt solar electric propulsion system that uses iodine in place of xenon gas. Iodine can be launched as an inert solid and then vaporized into an ionized gas once in orbit, which removes the risk to the launch vehicle. Launching as a dense solid instead of a gas also increases the amount of propellant that can be stored in the same volume on the spacecraft. ExoTerra's demonstration mission will attempt a flyby of a near-Earth asteroid with an instrumentation payload provided by Deep Space Industries of Moffett Field, California.
These fixed-priced contracts include milestone payments tied to technical progress and require a minimum 25 percent industry contribution, though all awards are contingent on the availability of appropriated funding. The contracts are worth a combined total of approximately $17 million, and each have an approximate two-year performance period culminating in a small spacecraft orbital demonstration mission or the maturation of small launch vehicle technologies.
These awards are funded by STMD, which is responsible for developing the cross-cutting, pioneering, new technologies and capabilities needed by the agency to achieve its current and future missions.
For more information about the NASA's Space Technology Mission Directorate, visit: http://www.nasa.gov/spacetech
DRBC to Review Aquatic Life Uses in Delaware River Estuary in Recognition of Improved Water Quality - Public Hearing Scheduled for March 15WEST TRENTON, N.J., Feb. 23 -- The Delaware River Basin Commission issued the following news release:
The Delaware River Basin Commission (DRBC) today announced plans to take several actions to recognize improved water quality in the Delaware River Estuary and to formally review the designated aquatic life uses and water quality criteria necessary to support these uses in the estuary.
The plans are described in a proposed resolution which will be the subject of a special public hearing on March 15, 2017, where interested parties will have the opportunity to provide oral comments. The hearing, WEST TRENTON, N.J., Feb. 23 -- The Delaware River Basin Commission issued the following news release: The Delaware River Basin Commission (DRBC) today announced plans to take several actions to recognize improved water quality in the Delaware River Estuary and to formally review the designated aquatic life uses and water quality criteria necessary to support these uses in the estuary. The plans are described in a proposed resolution which will be the subject of a special public hearing on March 15, 2017, where interested parties will have the opportunity to provide oral comments. The hearing,beginning at 2 p.m., will be held at the Washington Crossing Historic Park Visitor Center, 1112 River Road, Washington Crossing, Pa. Written comments on the proposed resolution will be accepted until 5 p.m. on Thursday, April 13, 2017.
"The draft resolution recognizes that evidence supports further study on the inclusion of propagation of resident and migratory fish as a 'designated use' in a 38-mile section of the tidal Delaware River stretching from Wilmington, Del. to just above the Tacony-Palmyra Bridge connecting Philadelphia and New Jersey," said DRBC Executive Director Steve Tambini. "The resolution would provide for additional studies to be undertaken in consultation with state and federal co-regulators as well as municipal and industrial dischargers."
"In addition, the resolution affirms the goal of continued water quality improvement shared by the DRBC, the U.S. Environmental Protection Agency, and the estuary states of Delaware, New Jersey and Pennsylvania," added Tambini.
When the DRBC was created in 1961, little or no dissolved oxygen (DO) was present in the Delaware River from Wilmington to Philadelphia for periods of up to six months each year, preventing the survival of resident fish and movement of migratory fish through these waters to spawning areas.
Significant improvements in DO levels have occurred throughout this stretch of the tidal Delaware River since DRBC originally adopted designated uses and implemented related water quality criteria in 1967. This shared achievement has been the result of effective water management by DRBC, the federal government, and the four basin states, as well as substantial investment in treatment works by public entities and private industry.
"The proposed resolution, among other measures, calls for the DRBC to conduct an analysis to determine the attainability of DO criteria that would be required to support an upgrade in the designated use in this 38-mile stretch of the tidal Delaware River," said Tambini. "This would be done in close collaboration with the four basin states, EPA, and the regulated community."
In order to fulfill their obligation under the federal Clean Water Act to designate and protect uses for surface waters including the shared waters of the Delaware River Estuary, Delaware, New Jersey, and Pennsylvania either apply DRBC water quality standards that they have jointly established or provide for application of the more stringent of state and DRBC standards within the basin.
The proposed resolution, additional information about the March 15 public hearing, and details describing how written comments can be submitted can be found on the commission's web site at http://www.drbc.net. Once the comment period is closed, commission action on the proposed resolution can only occur at a future DRBC business meeting that is open to the public and for which the public has received the required advance notice.
The DRBC is a federal/interstate government agency responsible for managing the water resources within the 13,539 square-mile Delaware River Basin without regard to political boundaries. The five commission members are the governors of the basin states and the commander of the U.S. Army Corps of Engineers' North Atlantic Division, who represents the federal government.
Curious to Know What it's Like to be a Directorate of Operations Intern?WASHINGTON, Feb. 23 -- The Central Intelligence Agency issued the following feature story:
Every officer has a unique path to the Agency, and CIA interns are no exception. We recently polled some former DO undergraduate interns (https://www.cia.gov/careers/student-opportunities/ncs-intern.html) now working as full-time DO officers to illustrate some shared commonalities, as well as differences, in their personal backgrounds and prior internship experiences. Here is a sampling of responses...
What led you to apply for an internship with the CIA and specifically, the DO?
* Growing up in WASHINGTON, Feb. 23 -- The Central Intelligence Agency issued the following feature story: Every officer has a unique path to the Agency, and CIA interns are no exception. We recently polled some former DO undergraduate interns (https://www.cia.gov/careers/student-opportunities/ncs-intern.html) now working as full-time DO officers to illustrate some shared commonalities, as well as differences, in their personal backgrounds and prior internship experiences. Here is a sampling of responses... What led you to apply for an internship with the CIA and specifically, the DO? * Growing up ina US military family, I always felt a calling to serve my country but wanted to pursue a different route than the military. My interest in foreign culture, journalism, languages and travel drew me to the CIA, and the DO seemed like the best way to match my interests and skills based on the information provided on cia.gov.
* I have always been intrigued by the idea of having a career that will help protect others. I was specifically motivated to do counterterrorism (CT) work, and after the capture of Usama bin Ladin, I was reminded of CIA's strong focus and successful contribution to the CT mission.
* I wanted to serve my country, and after researching various agencies and departments, I decided CIA's mission and workforce were the most closely aligned with my character and skill set. I applied for the DO specifically because I enjoy interacting with people, and was seeking a career different from the typical 9 to 5 office job.
* I read some of the recommended books from the reading list on cia.gov, which confirmed my decision to apply, and the internship seemed like a great gateway. I had previously been interested in working for the US Government overseas, so the books served more to inform me about how the DO works and what kind of people they hire.
What did you find most enjoyable about your work during the DO internship?
* I had a lot of responsibility and immediately got to work on high profile issues directly related to counterterrorism. Compared to other friends interning outside of the CIA, I appreciated that I was treated very much as a staff employee as opposed to a summer temp.
* My favorite part of the job was the people. I have had great experiences with all of my co-workers and found that everyone was willing and eager to help me learn during my internship.
* I most enjoyed being in a team-oriented environment and doing meaningful work to protect our nation.
* The most enjoyable part about the work was the talented and patriotic group of Americans I've had the pleasure to serve with. I found a great number of excellent mentors in the Agency who have helped me navigate my nascent career. I've also enjoyed my role in operations from Headquarters--the Agency does amazing work overseas and it has been a privilege to contribute to defending our national security and furthering American interests abroad.
Do you participate in any extracurricular activities? If so, which ones?
* I hike often and build stuff occasionally. When I was still in school, I also taught computer science and worked in a local prison.
* I play soccer and do martial arts. I also enjoy running, dancing and reading.
* I love all sports, particularly tennis and baseball.
* I participate in external language training, Crossfit and triathlons.
What has most surprised you about working for the CIA and DO?
* I'm regularly surprised and impressed by the scope of our operations and the creativity of our officers.
* I'm most surprised by the amount of wide-ranging opportunities in the DO and throughout the Agency.
* There is more process and coordination that goes on behind the scenes than I think most people realize.
* The DO is a smaller organization than I expected. I wasn't surprised, but I'm continually impressed by the creativity we're willing to entertain.
Interested in learning how to become an intern in the DO? Find out here.
To learn more about CIA internships and co-ops, check out our Student Opportunities.
Want to know what it's like to work at CIA? Spend a "Day in the Life of" an Agency officer by reading the following stories:
* A Day in the Life of a CIA Political Analyst Intern (https://www.cia.gov/news-information/featured-story-archive/2015-featured-story-archive/a-day-in-the-life-of-a-cia-political-analyst-intern.html)
* Using Foreign Languages at CIA (https://www.cia.gov/news-information/featured-story-archive/2017-featured-story-archive/using-foreign-languages-at-cia.html)
* A Day in the Lives of CIA Designers & Artists (https://www.cia.gov/news-information/featured-story-archive/2013-featured-story-archive/cia-designers-and-artists.html)
* A Day in the Life of a CIA Logistics Officer (https://www.cia.gov/news-information/featured-story-archive/2013-featured-story-archive/cia-logistics-officer.html)
* People of the CIA: An Interview With a DI Analyst (https://www.cia.gov/news-information/featured-story-archive/2014-featured-story-archive/the-people-of-cia-an-interview-with-a-di-analyst.html)
Approval of Application by PCSB Financial CorporationNEW YORK, Feb. 23 -- The Federal Reserve Bank of New York issued the following news release:
The Federal Reserve Bank of New York approved the application under Section 3 of the Bank Holding Company Act by PCSB Financial Corporation, Yorktown Heights, New York, to become a bank holding company by acquiring 100 percent of the voting shares of PCSB Bank, Brewster, New York.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.