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U.S. Department of the Treasury TIC Annual and Benchmark Surveys Update
Noevember 1, 2010--The U.S. Department of the Treasury TIC Annual and Benchmark Surveys have been updated and is now available.
view updates
Source: U.S. Department of the Treasury
Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues to Meet
October 29, 2010--The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) will hold a public meeting of the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues on November 5, 21010, from 9:00 am to 12:00 pm, to:
Receive a summary and recap from the staffs of the CFTC and SEC on the report issued September 30, 2010;
hear a report from the subcommittee on cross-market linkages;
hear a report from the subcommittee on pre-trade risk management; and
discuss potential recommendations and responses.
The meeting will be held in the Lobby Level Hearing Room at the CFTC’s Headquarters. Three Lafayette Centre, 1155 21st Street, NW, Washington, D.C.
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Source: CFTC.gov
U.S. International Reserve Position
October 29, 2010--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $135,793 million as of the end of that week, compared to $136,532 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
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October 22, 2010 |
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A. Official reserve assets (in US millions unless otherwise specified) 1 |
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135,793 |
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(1) Foreign currency reserves (in convertible foreign currencies) |
Euro |
Yen |
Total |
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(a) Securities |
9,862 |
15,950 |
25,813 |
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of which: issuer headquartered in reporting country but located abroad |
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0 |
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(b) total currency and deposits with: |
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(i) other national central banks, BIS and IMF |
14,576 |
7,837 |
22,413 |
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ii) banks headquartered in the reporting country |
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0 |
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of which: located abroad |
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0 |
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(iii) banks headquartered outside the reporting country |
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0 |
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of which: located in the reporting country |
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0 |
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(2) IMF reserve position 2 |
13,058 |
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(3) SDRs 2 |
58,347 |
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(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
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--volume in millions of fine troy ounces |
261.499 |
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(5) other reserve assets (specify) |
5,120 |
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--financial derivatives |
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--loans to nonbank nonresidents |
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--other (foreign currency assets invested through reverse repurchase agreements) |
5,120 |
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B. Other foreign currency assets (specify) |
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--securities not included in official reserve assets |
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--deposits not included in official reserve assets |
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--loans not included in official reserve assets |
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--financial derivatives not included in official reserve assets |
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--gold not included in official reserve assets |
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--other |
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Source: U.S. Department of the Treasury
Report On U.S. Portfolio Holdings of Foreign Securities at End-Year 2009
October 29, 2010--The findings from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2009 were released today.
The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System.
A complementary survey measuring foreign holdings of U.S. securities also is conducted annually. Data from the most recent such survey, which reports on securities held on June 30, 2010, are currently being processed. Preliminary results are expected to be reported on February 28, 2011.
Overall Results
This survey measured the value of U.S. portfolio holdings of foreign securities at year-end 2009 of approximately $6.0 trillion, with $4.0 trillion held in foreign equity, $1.6 trillion held in foreign long-term debt securities (original term-to-maturity in excess of one year), and $0.4 trillion held in foreign short-term debt securities. The previous such survey, conducted as of year-end 2008, measured U.S. holdings of approximately $4.3 trillion, with $2.7 trillion held in foreign equity, $1.3 trillion held in foreign long-term debt securities and $0.3 trillion held in foreign short-term debt securities. The increase in the value of U.S. portfolio holdings between the two surveys primarily reflects valuation changes in foreign equity during 2009.
U.S. portfolio holdings of foreign securities by country at the end of 2009 were the largest for the United Kingdom ($958 billion), followed by Canada ($540 billion), and Japan ($419 billion) (see Table 2). These three countries attracted about one-third of the total U.S. portfolio investment.
view the Report On U.S. Portfolio Holdings of Foreign Securities at End-Year 2009
view claims report
Source: U.S. Department of the Treasury
Dow Jones Indexes and UBS Announce 2011 Weights of Dow Jones-UBS Commodity Index
October 29, 2010--Dow Jones Indexes, a leading global index provider, and UBS Investment Bank announced the new target weightings for the Dow Jones-UBS Commodity IndexSM that will become effective in early January 2011.
The new target weights for the commodity components, which were determined and approved by the Dow Jones-UBS Commodity Index Supervisory Committee following consultation with the Dow Jones-UBS Commodity Index Advisory Committee, are listed below.
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Source: Dow Jones Indexes
SEC Staff Publishes Progress Report on Work Plan for Global Accounting Standards
October 29, 2010--The Securities and Exchange Commission's Office of the Chief Accountant and Division of Corporation Finance today published their first progress report on the Work Plan related to global accounting standards.
The Commission directed agency staff earlier this year to execute the Work Plan to provide the information needed to evaluate the implications of incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers. The Commission indicated that following successful completion of the Work Plan and the convergence projects of the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB), it will be in a position in 2011 to determine whether to incorporate IFRS into the U.S. financial reporting system.
"The staff has invested significant time and effort in executing the Work Plan, and we've made great progress to date," said SEC Chief Accountant Jim Kroeker. "This progress report emphasizes the importance of transparency in the staff's activities, and can help the public's understanding of the magnitude of this project and the staff's progress."
The Work Plan addresses six key areas:
Sufficient development and application of IFRS for the U.S. domestic reporting system.
The independence of standard setting for the benefit of investors.
Investor understanding and education regarding IFRS.
Examination of the U.S. regulatory environment that would be affected by a change in accounting standards.
The impact on issuers both large and small, including changes to accounting systems, changes to contractual arrangements, corporate governance considerations, and litigation contingencies.
Human capital readiness.
The SEC staff expects to continue to report periodically on the status of the Work Plan in 2011.
U.S. Department of the Treasury Economic Statistics - Quarterly Data Update
October 29, 2010--The U.S. Department of the Treasury Economic Statistics - Quarterly Data has been updated is now available.
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Source: U.S. Department of the Treasury
ETFs role in rising equity correlations
October 29, 2010--Growing use of exchange traded funds has contributed to an increase in correlations between individual equities, posing particular problems for long-short equity hedge funds, according to Hennessee Group, the consultant.
Hennessee said the growing popularity of ETFs and their rising share of overall trading volumes was contributing to the stock market being driven more by sentiment about broad economic issues rather than company fundamentals.
“The ‘risk on-risk off’ trade, driven largely by macro sentiment, continues to dominate the financial markets,” said Charles Gradante, co-founder of Hennessee. “Until we see fundamentals return to the forefront of investing, we believe hedge funds will have difficult executing their investment strategy, particularly on the short side.”
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Source: FT.com
NASDAQ OMX Reports Solid Third Quarter 2010 Results
EPS of $0.50 Represents 19% Increase Over Prior Year Non-GAAP Results
Net Revenues Grow 7% to $372 Million
October 29, 2010--The NASDAQ OMX Group, Inc. ("NASDAQ OMX(R)") (Nasdaq:NDAQ) reported solid results for the third quarter of 2010. Net income attributable to NASDAQ OMX for the third quarter of 2010 was $101 million, or $0.50 per diluted share, compared with $96 million, or $0.46 per diluted share, in the second quarter of 2010, and $60 million, or $0.28 per diluted share, in the third quarter of 2009. Included in the third quarter of 2010 results are $4 million of expenses associated with workforce reductions, merger and strategic initiatives, and other items, offset by $4 million of benefits associated with the tax impact of these items and certain other tax adjustments.
Financial Highlights:
Net exchange revenues grew 7% over prior year results to $372 million
Non-GAAP operating income improved to $169 million, up 11% from third quarter of 2009 results, while operating margins increased to 45%
Non-GAAP EPS increased to $0.50, up from $0.42 in the prior year quarter
GAAP EPS of $0.50 represents a 79% increase over third quarter of 2009 results
Completed $300 million of the $400 million authorized share repurchase program thus far, representing 15.1 million shares. Board has authorized an additional $150 million for the program, bringing the total authorized amount to $550 million.
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Source: NASDAQ OMX
CFTC.gov Commitments of Traders Reports Update
October 29, 2010--The CFTC.gov Commitments of Traders Reports has been updated for the week of October 26, 2010and are now available.
view reports
Source: CFTC.gov
