Following the allegations earlier this year, the bank was negotiating with the Fed Bank of New York, the Office of Foreign Assets Control (OFAC), the District Attorney of New York's Office and the Department of Justice.
This report deserves wide attention, not least because of the impressively varied background of its authors, who include the former chief economist of the New York Fed, a member of the Bank of England's Monetary Policy Committee, a leading Wall Street economist and an academic.
The study by Grant Graziani, Wilbert van der Klaauw, and Basit Zafar of the New York Fed staff was based on two surveys of about 200 workers.
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That forced Mr Paulson, Ben Bernanke, the Fed's chairman, and Timothy Geithner, the president of the New York Fed (the three are virtually joined at the hip) to pursue rescues ad hoc.
He is a quick learner: within a year of joining the New York Fed he could debate the intricacies of monetary policy with academic experts.
The president of the New York Fed was put in an uncomfortable position on Friday morning as a crowd of Queens residents questioned him about food inflation.
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Perhaps we will call this the "job loss recovery" because we don't seem to have turned the corner in the labor market--and it appears much worse than earlier jobless recoveries (thanks to Erica Groshen at the New York Fed for finding that the first use of the term "jobless recovery" was in The New York Times in the 1930s).
That appointment will be made by the board of the New York Fed.
And Geithner, a former Treasury official who is now president of the New York Fed, has dealt with complicated tax issues before, the report notes.
Between the demands of the New York Fed on the one hand and bonus-hungry traders on the other, there may not be a painless way out.
Yes, the current president of the New York Fed is William Dudley, who served as Chief Economist for Goldman Sachs for 10 years before joining the New York Fed in 2007.
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Yet another new paper, by Dale Jorgenson of Harvard University, one of the world's leading scholars in this field, and Kevin Stiroh of the New York Fed, has also weighed into the debate.
Suffering a loss of deposits to banks outside of New York and other centers of finance, the Fed was created so that traditional banks would be insulated from market forces that were making them anachronistic.
William Dudley, president of the New York Fed, tried to paper over headline inflation earlier this month by pointing out that the new iPad costs the same as the first one even though it is twice as powerful.
Geithner was plucked from his post as President of the New York Fed in 2008 after serving a critical role along with then-Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke during the response to the developing financial crisis.
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Specifically, the Bundesbank will be bringing to Frankfurt all of its 374 metric tons stored at the Banque de France (11% of its total reserves), and 300 metric tons held in the vault of the New York Fed, reducing its share in the U.S. from 45% to 37%.
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The full Senate confirmed Geithner last week, though the 34 votes against his nomination were a surprisingly strong display of opposition for the nominee, who, as president of the New York Fed, played an integral role in implementing the government's response to the credit crunch in the final months of the Bush administration.
Some of those emails, which began circulating over the weekend, depict a New York Fed eager to keep the details of the payments private.
These two were special purpose vehicles, a sort of independent holding company, that the New York Fed created to ring fence toxic residential mortgage backed securities and collaterized debt obligations in the heat of the crash.
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At a leverage ratio of 71:1, Grant writes, the New York Fed should be the first to be lining up executors and filing an end-of-life plan.
The cut to the discount rate was requested by the boards of the Fed district banks in Boston, New York, Cleveland, St.
That a primary dealer could be so leveraged may well prompt questions about the New York Fed's scrutiny of firms it routinely deals with.
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Treasury Secretary Timothy Geithner, who headed the New York Fed in the fall of 2008, didn't even learn about the retention awards until March of this year, the report says.
Ten years ago this month, the New York Fed orchestrated the orderly unwinding of hedge fund Long-Term Capital Management, which foundered on exposures to Russian government bonds.
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Treasury Secretary Timothy Geithner, who was New York Fed president at the time of the baillout, has agreed to testify at the House committee hearing next week.
It is at the rough edges of the repo market that the New York Fed has signalled its concern.
The New York Fed will provide a full accounting of the Maiden Lane III transactions, including the acquirer and price paid for each security, on November 23.
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Whatever the reason, the New York Fed study lands at the high end of the estimates of how much people spend.
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We also had reports of weaker than expected manufacturing from the New York Fed Empire State Manufacturing Survey and from the Philadelphia Fed Manufacturing Index.
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