Efficiency and volatility in the Federal Funds markets

Article Abstract:

Interest rates on Federal Funds markets have been historically thought to follow an intraweek pattern. The daily average rates on an annual basis of Federal Funds between 1970 and 1981 are examined with a t-test to determine whether there is a statistical difference in interest rate patterns. Results indicate that arbitrage opportunities in Federal Funds markets have been eliminated, due to the participation of non-banks (which commenced in 1971).

DEPOSITORY INSTITUTIONS, Research, Analysis, Federal Reserve banks, Federal funds market (United States)

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Governance and funds allocation in United States medical research charities

Article Abstract:

US medical research charities spend more on fund raising and executive salaries than program events when the charity's executive director is on the board of the directors. Management expenses, fund balances and general expenses of the charity are not related to the size of the board or whether the charity's executive director is on the board.

Educational, religious, etc. trusts, Educational, Religious, Charitable Trusts, Grantmaking Foundations, Management, Investment companies, Charitable trusts, Charities, Medical, Medical charities

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An Examination of ERR and Asset Allocation in Public Pension Plan

Article Abstract:

The paper shows the result of an investigation into the usefulness of the disclosed expected rate of return on public pension funds which is subject to political pressure and manipulation. The paper concludes pension fund assets invested in equity securities to be more predictive of returns than from a disclosed expected rate of return.

Pension, health, and welfare funds, Pension Funds, Public Empl Pension Funds, Forecasts and trends, Investments, Return on investment, Rate of return, Public employee pension funds

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