The consolidated financial position of the Federal Reserve system indicates that the Federal Reserve Banks combined have equity of about $57 billion on a balance sheet of $4.5 trillion. That represents a leverage ratio of 78:1.
Category Archive for 'Fun Facts'
The annual operating budget of my university is about double the size of the annual operating budget of my county.
He knows a lot more about chemicals than I do … I thought you’d enjoy reading his perusal of what’s in the fracking cocktail. I WILL add that the one that everyone gets worked up about is benzene. I will also add that released methane is not harmful to humans only to global warming. There […]
Since 2006, my nominal wage has fallen by a total of 6.5% or about 0.8% per year compounded. I would note that my compensation has probably remained flat. The average price level has increased by about 18% over this time period. Therefore, my real wage today is about 25% lower than it was in 2006. Without my commentary on […]
Our family purchased some tea on Wednesday night: Can someone remind me again why we need to mandate GMO labeling? For those interested, that B logo stands for a Certified B Corporation (again, I don’t know how we’d ever survive without government entities certifying corporations …). Here is the CCOF certification, again, […]
It’s good to find evidence that you are wrong about something. As I was driving into work today, I had the experience of getting nastily cut off by a guy in a car with a Connecticut license plate. I know I was right … I was in the right lane on the I-490 just before […]
Rest in peace S. Donald Stookey: In 1952, he placed a plate of glass into an oven to heat it, but the oven malfunctioned. Instead of heating to about 1,100 degrees Fahrenheit, the oven shot up to more than 1,600 degrees. Stookey expected to find a molten mess. Instead, he found an opaque, milky-white plate. […]
►1967 – one in 25 families earned $100k in today’s dollars ►2013 –22.5 % of families earned $100k (up 2% over 2008) ►1967 – 9% families earned $75k in today’s dollars ►2013 –34.4% of families earned $75k (up 3% over 2008) ►1967 – 16.3% of families earned less than $15,000 and 27.7% earned less than […]
American women, at birth, can expect to live an average of five years longer than their male counterparts. Of the 4,628 deaths that occurred on the job in 2012, 92% of the deaths befell men, and only 8% of the deaths were from female workers. Men in America are 3.6 times more likely to be murdered than women. […]
If you read the Fed’s consolidated financial statements for fun and take them seriously, you would learn that the Fed’s current leverage ratio is … … … 77:1. It’s just a number of course.