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Inside Washington (09/05/2012)
  • WASHINGTON (9/6/12)--Travis Plunkett has accepted the newly created position of deputy director of the Family Economic and Financial Security Portfolio at the Pew Center on the States. Plunkett will leave his position as legislative director at the Consumer Federation of America (CFA), where he has worked for the past 13 years. In his new position, Plunkett will build and manage a team focused on the ability of families to earn and maintain income, save for the future, and borrow and invest safely and wisely. Rachel Weintraub will assume the position of legislative director at CFA. Weintraub is currently CFA's director of product safety and in-house counsel. In her 10 years there, she has worked on congressional issues, including leading the consumer coalition that persuaded Congress to pass major consumer product safety legislation several years ago …
  • WASHINGTON (9/6/12)--The Federal Reserve will offer $3 billion in 28-day term deposits through its Term Deposit Facility Monday. The offering is part of ongoing small-value operations designed to provide eligible institutions with an opportunity to become familiar with term deposit operations, the Fed said. Competitive bids submitted at the stop-out rate will be pro-rated and will be rounded to multiples of $10,000. Normal rounding convention will be used, except that awards less than $10,000 will be rounded up to $10,000. Non-competitive bids will be allowed. All non-competitive bids will be automatically awarded in full at the stop-out rate of the competitive auction. The minimum amount for a non-competitive bid is $10,000; the maximum amount is $5 million and should be submitted in increments of $10,000. Non-competitive bids must be submitted between 10 a.m. and 2 p.m. ET Monday …


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