The Federal Intermediate Credit System

Fair-Value Accounting for Federal Credit Programs

The federal government supports some private activities—such as home ownership, postsecondary education, and certain commercial ventures—through credit assistance offered to individuals and businesses. Some of that assistance is in the form of direct federal loans, and some is through federal guarantees of loans made by private financial institutions. At the end of fiscal year 2011, about $2.7 ...

A Conference on Federal Credit Allocation

It is 10:00 a.m., and Paul Davidson is telling the assembled economists how to pull rabbits out of a hat. Metaphorically, of course: Professor Davidson was discussing the assumptions behind a thought-provoking paper presented at the Conference on Credit Allocation: Theory, Evidence, and History, held last October 17-19 in Cleveland. The Federal Reserve Bank of Cleveland and the Journal of Money...

Federal System

While there is some dispute over the definition of federal systems of government and which of the world's countries should be considered as federations, the essential feature of this type of government is the combination of a central or general government with regional ones ruling directly over shared territory and citizens. Sovereignty is shared with each level of government having a degree of...

The Role of leasing In Iran\'s Credit System

Advances in leasing industry as a means of finance mainly started in 1900 though leasing dates back to centuries ago. Despite its differences in different countries as a result of differences in laws and regulations, finance function has been a common distinctive function of leasing all over the world. Leasing has its modern and unique features and advantages to establish itself as one of t...

Studying the Federal Appellate System