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Fed Caps Bank Payouts Amid Loss Threat
Friday, June 26, 2020 in Press
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The Federal Reserve called the banking system strong but imposed new restrictions to keep it that way at least through the third quarter 2020, according to CNN Business.
- IMET June 2020 Monthly Newsletter Monday, June 15, 2020 in Monthly Newsletters View More
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GFOA Launches Economic Indicator Dashboard
Thursday, May 28, 2020 in Press
GFOA Launches Economic Indicator Dashboard
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Laurence Msall Column in Crain's Chicago Business, "No state or local government can weather this crisis on its own"
Wednesday, May 27, 2020 in Goings on for Illinois Agencies
Laurence Msall wrote a column for Crain's Chicago Business, May 8, 2020, asserting that no state or local government can weather this crisis on its own. His argument is that to exclude Illinois, Chicago or other major governments from future rounds of federal relief because of past bad fiscal decisionmaking are misguided and threaten full national economic recovery.
View More - May 2020 IMET Monthly Newsletter Friday, May 15, 2020 in Monthly Newsletters View More
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Updated GFOA Best Practice: Using Safekeeping and Third-Party Custodian Services
Thursday, April 30, 2020 in Press
The safety of public funds should be the primary investment objective of all governments. One of the most important protections and a control against fraud is the separation of the safekeeping function from the investment function.
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Federal Reserve Press Release
Wednesday, April 29, 2020 in Press
The Federal Reserve left rates unchanged at its April policy meeting, while its statement addressed the dramatic deterioration of the economic outlook since their last meeting in March and made clear they are “committed to using its full range of tools to support the U.S. economy in this challenging time.” The committee kept the interest rate paid on required and excess reserves unchanged at 0.10%.
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IMET Rolls Out Improved Simplified Monthly Forecasting Tool
Monday, April 27, 2020 in Press
IMET Rolls Out Improved Simplified Monthly Forecasting Tool
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Governor Pritzker’s 2020 Revenue Forecast Revision
Thursday, April 23, 2020 in Goings on for Illinois Agencies
Governor Pritzker’s 2020 Revenue Forecast Revision
View More - S&P Global Ratings Publishes on U.S. Public Finance and COVID-19 Tuesday, April 21, 2020 in Press View More
Recent News
Effective immediately, the Government Finance Officers Association (GFOA) is asking all industry affiliates to immediately stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report. Instead, GFOA recommends referring to the report by either the full name or by using a shortened format that does not include the four-letter acronym. For instance, the “Annual Report” would be acceptable.
Read moreThe IMET 2020 Annual Report is now available
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