News published on Federal Newswire in May 2009

News from May 2009


Federal Reserve announces results of auction of $150 billion in 84-day credit held on May 18, 2009

News Release: On May 18, 2009, the Federal Reserve conducted an auction of $150 billion in 84-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 0.250 percent Total propositions submitted: $55.570 billion Total propositions accepted: $55.570 billion Bid/cover ratio: 0.37 Number of bidders: 96 The awarded loans will settle on May 21, 2009, and will mature on Aug. 13, 2009. The stop-out rate shown above will apply to all awarded loans.


Federal Reserve announces that certain high-quality commercial mortgage-backed securities will become eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF)

News Release: The Federal Reserve Board on Tuesday announced that, starting in July, certain high-quality commercial mortgage-backed securities issued before Jan. 1, 2009 (legacy CMBS) will become eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF).


MSHA, Tri-Star Mining Inc. reach settlement agreement

News Release: Highwall failure at Maryland surface mine in 2007 killed 2 miners ARLINGTON, Va. – The U.S. Department of Labor's Mine Safety and Health Administration (MSHA) today announced that an administrative law judge of the Federal Mine Safety and Health Review Commission has approved a settlement between MSHA ...


U.S. Department of Labor announces $1.3 million grant to assist workers affected by declining automotive industry in Minnesota

News Release: WASHINGTON – The U.S. Department of Labor today announced a $1,320,100 grant to assist approximately 307 workers across the state of Minnesota affected by layoffs from 27 companies in the retail, service and manufacturing sectors of the declining automotive industry.


U.S. Labor Department secures 401(k) plan assets for J&L Electronic Service Inc. employees in Chicago suburb

News Release: Frankfort, Illinois – A federal district court in Chicago has granted a consent judgment to the U.S. Department of Labor barring John Patrizi, owner of J&L Electronic Service Inc. at 633 Johnson Ave. in Frankfort, from serving as a fiduciary for any retirement plan covered by the Employee Retirement Income Security Act (ERISA), and appointing an independent fiduciary to oversee the company’s 401(k) plan.


U.S. Labor Department sues to appoint independent fiduciary for 401(k) plan abandoned by former Iowa employer

News Release: Kansas City, Missouri — The U.S. Department of Labor has filed a lawsuit in the U.S. District Court for the Southern District of Iowa in Davenport seeking the appointment of an independent fiduciary to oversee the abandoned 401(k) plan of defunct MagnaTech Inc., formerly of Brooklyn, Iowa.


The US Transportation Department published a two page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a two page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a three page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a two page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on May 19, according to the U.S. Government Publishing Office.


The US Interior Department published a one page rule on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a two page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a three page notice on May 19, according to the U.S. Government Publishing Office.


The US Federal Reserve System published a one page rule on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a three page rule on May 19, according to the U.S. Government Publishing Office.


The US State Department published a one page notice on May 19, according to the U.S. Government Publishing Office.


The US Transportation Department published a one page notice on May 19, according to the U.S. Government Publishing Office.