Wednesday - September 30, 2020
Federal Independent Agencies

News releases, reports, statements and associated documents from federal independent agencies.

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Richmond Fed's Economic Quarterly Analyzes the Role of CDS in Sovereign Debt Crises
RICHMOND, Virginia, Sept. 30 -- The Federal Reserve Bank of Richmond issued the following news release:

In the latest issue of Economic Quarterly, researchers at the Richmond Fed suggest that large dealers of credit default swaps (CDS) can provide liquidity in times of financial distress by shouldering credit risk that smaller traders want to unload.

The researchers, led by economist Bruno Sultanum, study the average positions of large CDS dealers close to sovereign credit crises in Argentina, Venezuela, and Ukraine. In these cases, they find that large dealers tended to sell CDS as risk increased ... Show Full Article

NCD Chairman to Keynote Symposium on Health Equity
WASHINGTON, Sept. 30 -- The National Council on Disability issued the following news:

National Council on Disability (NCD) Chairman Neil Romano will be the keynote speaker at Achieving Health Equity through Access for All with Disabilities (AHEAD) Symposium Oct. 2.

The virtual event, hosted by NYU College of Dentistry, will bring together experts in the areas of health care advocacy, access, and funding at the state and federal levels for people with disabilities to discuss improving access to oral health care for people with disabilities.

Following Chairman Romano's keynote, panel discussions ... Show Full Article

NAE Transitions the Management of the Online Ethics Center to the University of Virginia
WASHINGTON, Sept. 30 -- The National Academy of Engineering issued the following news release on Sept. 29:

The National Academy of Engineering (NAE) announced today the transition of the Online Ethics Center for Engineering and Science (OEC) to the University of Virginia School of Engineering (UVA Engineering), effective October 1.

Since 2007 the NAE has managed the OEC and has expanded its resources and reach as well as the active engagement of the community. The OEC has provided engineers, scientists, faculty, and students with educational resources for understanding and addressing ethically ... Show Full Article

N.Y. Fed President Williams: A Solution to Every Puzzle
NEW YORK, Sept. 30 -- The Federal Reserve Bank of New York issued the following remarks via videoconference on Sept. 29 by President and CEO John C. Williams at the U.S. Treasury Market Conference:

* * *

Good morning, everyone, and welcome to the sixth annual U.S. Treasury Market Conference. I wish we were able to meet in person at the New York Fed. But, while the location for this year's conference may have moved from an auditorium to your living room, the goal remains the same: To bring together market participants and representatives from five public sector bodies--the New York Fed, the Board ... Show Full Article

Inter-American Foundation: Community Resilience in the Time of COVID-19 - Lessons From the 2017 Mexican Earthquakes
WASHINGTON, Sept. 30 -- The Inter-American Foundation issued the following story:

For international humanitarian relief, it may seem faster and more efficient--maybe even cheaper through economies of scale--to respond with a "one-size-fits-all" approach to a natural disaster or pandemic like COVID-19. But over time, this option may actually be less sustainable. Communities that lead their own solutions tailored to their particular context are more engaged throughout recovery, ultimately rebuilding stronger.

The Inter-American Foundation (IAF) is not a humanitarian assistance agency, but we have ... Show Full Article

EXIM Reports Third-Quarter Default Rate to U.S. Congress, Underscoring Agency's Commitment to Protect Taxpayers
WASHINGTON, Sept. 30 -- The Export-Import Bank of the U.S. issued the following news release:

The Export-Import Bank of the United States (EXIM) has reported to Congress a 0.531 percent fiscal year 2020 third quarter default rate, as of June 30, 2020. Previously, EXIM reported a 0.473 percent default rate as of March 30, 2020. The small increase reflects the economic slowdown caused by the COVID-19 pandemic. EXIM's default rate remains well below the 2 percent statutory cap.

As detailed in EXIM's June 2020 Default Rate Report, the agency's consistently low default rates are the result of continuous ... Show Full Article

Corporation for National & Community Service: AmeriCorps Unveils New Logo, New Name for Agency
WASHINGTON, Sept. 30 -- The Corporation for National and Community Service issued the following news release on Sept. 29:

Today, the Corporation for National and Community Service released a new brand strategy for the future, announcing it will now operate as "AmeriCorps," as part of a larger effort to grow awareness of service opportunities for all Americans. Along with the new name, the federal agency also revealed a new visual identity for the agency and all its programs, the first major update for the agency since it was created 25 years ago. While the agency's operating name is "AmeriCorps," ... Show Full Article