Sunday - March 26, 2023
Federal Independent Agencies

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

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The U.S. International Development Finance Corporation Executes Loan Under the Defense Production Act Loan Program
WASHINGTON, March 25 -- The U.S. International Development Finance Corp. issued the following news release on March 24, 2023:

The U.S. International Development Finance Corporation (DFC), working in close partnership with the U.S. Department of Defense, executed a $410 million loan to National Resilience Inc. (Resilience), a San Diego-based company. The loan was made through the Defense Production Act (DPA) Loan Program. In line with the purpose of the DPA to meet an emergency need in a time of national crisis, the loan will support the safe and effective manufacturing and delivery of vaccines ... Show Full Article

Steven Schrage Appointed Helsinki Commission Executive Director
WASHINGTON, March 25 (TNSper) -- The Commission on Security and Cooperation in Europe issued the following news release:

Rep. Joe Wilson (SC-02), Chairman of the Commission on Security and Cooperation in Europe, also known as the U.S. Helsinki Commission, today announced the appointment of Dr. Steven P. Schrage as Helsinki Commission Executive Director.

"The Helsinki Commission welcomes Dr. Steven Schrage to its already impressive team. His rich foreign policy experiences and academia background with the State Department, White House, Congress, Duke, Harvard, Cambridge University, Johns Hopkins ... Show Full Article

Office of Finance Publishes the 2022 Combined Financial Report of the Federal Home Loan Banks
WASHINGTON, March 25 -- The Federal Home Loan Bank System's Office of Finance issued the following news release:

The Office of Finance is announcing the publication of the 2022 Combined Financial Report of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the audited financial information of the FHLBanks.

Each of the FHLBanks has filed its 2022 Form 10-K with the SEC. Current financial reports and other SEC filings for individual FHLBanks can be obtained by searching the EDGAR database.

The 2022 Combined Financial Report for the FHLBanks has been filed with the Federal ... Show Full Article

National Gallery of Art: Acquisition - Gesina Ter Borch
WASHINGTON, March 25 -- The National Gallery of Art issued the following news release:

The National Gallery of Art has acquired Moses ter Borch Holding a Kolf Stick (c. 1655), considered to be a collaboration between Gesina ter Borch and her half-brother, Gerard ter Borch the Younger. Genre and portrait painter Gerard ter Borch the Younger (1617-1681) was the most famous and prolific artist in the Ter Borch family, but his half-siblings, Gesina (1631-1690), Harmen (1638-before 1677), and Moses (1645-1667) were also trained by their father (Gerard ter Borch the Elder, 1583-1662) and were all gifted ... Show Full Article

National Gallery of Art: Acquisition - Beatriz Milhazes
WASHINGTON, March 25 -- The National Gallery of Art issued the following news release:

The work of Beatriz Milhazes (b. 1960), one of Brazil's most celebrated contemporary artists, reveals her deep engagement with her native country's complex colonial history, characterized by the meeting of Indigenous, African, and European cultures. Milhazes's work also brings visual forms related to Brazil's vernacular arts, such as ceramics and textiles, into conversation with those drawing from the tradition of modernist abstraction. Her signature, brightly colored circles and curvilinear forms overlap and ... Show Full Article

Fannie Mae: Jump in Existing Home Sales Expected to Be Temporary With New Sales Comparatively Outperforming
WASHINGTON, March 25 -- Fannie Mae issued the following economic and housing weekly note:

Key Takeaways:

* The Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points to a target range of 4.75-5 percent at its March 21-22 meeting, the second consecutive 25-basis point hike. The FOMC's press release states "some additional policy firming may be appropriate," whereas it had previously stated that "ongoing rate increases" would be appropriate. The committee's newest Summary of Economic Projections (SEP) was little changed from December as the median projection for ... Show Full Article

EPA Announces Final Decision on Cleanup for Amphenol/Franklin Power Products Site in Franklin, Indiana
WASHINGTON, March 25 -- The Environmental Protection Agency issued the following news release on March 24, 2023:

Following a thorough review of public comments, U.S. Environmental Protection Agency today announced its final decision on the cleanup plan for the remaining groundwater and soil contamination from historical operations at the Amphenol/Franklin Power Products Inc. site in Franklin, Indiana.

From prior investigations, EPA determined that a former site owner's release of volatile organic compounds, or VOCs, and other chemicals into the environment caused contaminants to migrate outside ... Show Full Article