Brookly McLaughlin
Brookly McLaughlin
action debt limit reach
Without this action we would reach the debt limit today.
concern costs
Our concern is with the functioning of the bank. We think the administrative costs are pretty high.
concerns lending ongoing
We do have ongoing concerns with the Bank's lending function.
assistance bank concerns cost fact fully grant lent million serious support technical work
While we fully support the important grant and technical assistance work the bank does we have serious concerns with the fact that the bank in 12 years has lent $24 million in the U.S. at an administrative cost of $60 million.
best ongoing resources
It's part of an ongoing look at where our resources are going and how they can best be used.
abide accept auction bids percent required rule size
Everyone is required to abide by the 35 percent rule -- we only accept up to 35 percent of the auction size in bids from any one entity.
adverse congress consequences interest raises restored soon temporary tool
It's a temporary tool and as soon as Congress raises the limit, all interest will be restored and there will be no adverse consequences for G-fund investors.
assets benefit customer funding help investors lowering match modestly reducing risk seeking supply treasury
It will help investors seeking to better match assets and liabilities and will benefit the Treasury by modestly reducing our short-term funding volatility, broadening our customer base, lowering operational risk and reducing supply uncertainty.
coming filing generally great later number point tax until
We are at a point where a lot of tax refunds are going out and we generally don't see a great number of tax payments coming in until later in the filing season.
concerns consider continue future review
Those are concerns we continue to review as we consider the bank's appropriate future.
across agencies department levels members responsive
I don't know if there's anything we've been more responsive on at all levels of the department and across all agencies that are members of the committee.
city cuba cuban hotel mexico prohibited providing service therefore
The hotel in Mexico City is a U.S. subsidiary, and therefore prohibited from providing a service to Cuba or Cuban nationals.
acted hotel
The hotel acted in accordance with U.S. sanctions.