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Jan 16, 2015

CMI Spot Prices as of Closing of Trading in New York on January 16, 2015.


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Spot Prices as of close of trading in New York

Friday, January 16, 2015

GOLD

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,276.15+$11.80$1,215.95$1,195.30$1,253.05

SILVER

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$17.75+$0.66$16.40$15.78$20.33

PLATINUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,273.00+$7.75$1,223.00$1,198.10$1,457.80

PALLADIUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$775.95-$14.05$801.85$785.90$750.60

GOLD/SILVER RATIO

71.90

FDIC Press Release - January 16, 2015: First NBC Bank, New Orleans, Louisiana, Assumes All of the Deposits of First National Bank of Crestview, Crestview, Florida.

FDIC

Press Release

First NBC Bank, New Orleans, Louisiana, Assumes All of the Deposits of First National Bank of Crestview, Crestview, Florida

FOR IMMEDIATE RELEASE
January 16, 2015
Media Contact:
LaJuan Williams-Young
Office: 202-898-3876
Cell: 571-215-6027
Email: lwilliams-young@fdic.gov
First National Bank of Crestview, Crestview, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First NBC Bank, New Orleans, Louisiana, to assume all of the deposits of First National Bank of Crestview.
The three former branches of First National Bank of Crestview will reopen as branches of First NBC Bank on Tuesday, the first business day of the week given the Martin Luther King, Jr., holiday. Depositors of First National Bank of Crestview will automatically become depositors of First NBC Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of First National Bank of Crestview should continue to use their current branch until they receive notice from First NBC Bank that systems conversions have been completed to allow full-service banking at all branches of First NBC Bank.
Depositors of First National Bank of Crestview can continue to access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.
As of September 30, 2014, First National Bank of Crestview had approximately $79.7 million in total assets and $78.6 million in total deposits. In addition to assuming all of the deposits of First National Bank of Crestview, First NBC Bank agreed to purchase approximately $62.0 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.
Customers with questions about today's transaction should call the FDIC toll-free at 1-800-913-3053. The phone number will be operational this evening until 9:00 p.m.; Central Standard Time (CST); on Saturday from 9:00 a.m. to 6:00 p.m., CST; on Sunday from noon to 6:00 p.m., CST;on Monday from 8:00 a.m. to 8:00 p.m., CST; and thereafter from 9:00 a.m. to 5:00 p.m., CST. Interested parties also can visit the FDIC's Web site at https://www.fdic.gov/bank/individual/failed/fnbcrestview.html.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $4.4 million. Compared to other alternatives, First NBC Bank's acquisition was the least costly resolution for the FDIC's DIF. First National Bank of Crestview is the 1st FDIC-insured institution to fail in the nation this year. The last FDIC-insured institution closed in the state was Valley Bank, Fort Lauderdale, on June 20, 2014.

U.S. Department of The Treasury Enforcement Actions - January 16, 2015: Treasury Sanctions Two Indian Nationals and a Company Based in Pakistan for Ties to the South Asian Criminal Network ‘D Company’.

U.S. Department of the Treasury Logo

Action Targets Long-Time Members of D Company and a Paper Mill Controlled by One of the Designated Individuals

WASHINGTON – The U.S. Department of the Treasury today announced the designation of two Indian nationals and one entity in Pakistan as Specially Designated Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) due to their ties to D Company, a South Asian criminal organization led by Dawood Ibrahim.  As a result of today's action, all assets of those designated that are based in the United States or are in the control of U.S. persons are frozen, and U.S. persons are generally prohibited from engaging in transactions with them. 
D Company is a transnational crime syndicate that principally operates in India, Pakistan, and the United Arab Emirates.  D Company is involved in a variety of criminal activities, including narcotics trafficking, extortion, smuggling, and contract killings.  Dawood Ibrahim and other leaders of D Company are the subjects of INTERPOL Red Notices for their suspected involvement in the 1993 terrorist bombings in Mumbai, India in which 257 people were killed.  In October 2003, the Treasury Department named Dawood Ibrahim as a Specially Designated Global Terrorist, and in June 2006, the United States named both Dawood Ibrahim and D Company as Significant Foreign Narcotics Traffickers pursuant to the Kingpin Act.  Additionally, in May 2012, Treasury designated two senior D Company lieutenants, Chhota Shakeel and Ibrahim "Tiger" Memon, under the Kingpin Act. 
"Today, the United States is targeting D Company, a violent organization notorious for its drug trafficking activities and terrorism," said Adam J. Szubin, Director of the Office of Foreign Assets Control.  "Combatting transnational organized crime is a top U.S. priority, and we will continue to expose the activities of D Company and the underpinnings of criminal financial networks worldwide."
Today's action targets two long-time members of D Company, Shaikh Anis Ibrahim Kaskar (Anis Ibrahim), the brother of Dawood Ibrahim, and Aziz Moosa Bilakhia (Bilakhia), both Indian nationals.  Anis Ibrahim is known to be involved in narcotics trafficking, extortion, contract killings, and money laundering on behalf of D Company.  Anis Ibrahim is also accused of involvement in the 1993 Mumbai blasts.  Today's action also targets Mehran Paper Mill, a Kotri City, Pakistan-based paper company owned or controlled by Anis Ibrahim.
Bilakhia works directly for Anis and Dawood Ibrahim and manages extortion, enforcement, and debt collection activities for D Company.  Bilakhia has been involved with D Company since at least the 1993 Mumbai bombings, for which he is wanted by Indian authorities. 
Since June 2000, more than 1,700 entities and individuals have been named pursuant to the Kingpin Act for their role in international narcotics trafficking.  Penalties for violations of the Kingpin Act range from civil penalties of up to $1.075 million per violation to more severe criminal penalties. Criminal penalties for corporate officers may include up to 30 years in prison and fines up to $5 million.  Criminal fines for corporations may reach $10 million.  Other individuals could face up to 10 years in prison and fines pursuant to Title 18 of the United States Code for criminal violations of the Kingpin Act.
To see a chart relating to today's action, click here.
For a complete listing of designations pursuant to the Kingpin Act, click here.

NYT | Afternoon Update - January 16, 2015: Top News: Supreme Court to Decide Whether Gays Nationwide Can Marry

The New York Times

Afternoon Update

Friday, January 16, 2015


Top News
Pete Prete with Equality Beyond Gender waved a Marriage Pride flag attached to an American flag outside the Supreme Court of the United States in Washington, DC on Friday.
Supreme Court to Decide Whether Gays Nationwide Can Marry

By ADAM LIPTAK

The court, after ducking the issue in October, is now likely to resolve one of the great civil rights questions of the age before its current term ends in June.
Runners in Siberia, which experienced record heat in 2014.
2014 Was the Warmest Year Ever Recorded on Earth

By JUSTIN GILLIS

Extreme land temperatures were accompanied by an unusually warm ocean surface virtually everywhere except around Antarctica, scientists reported Friday.
Investigators checked the entrance of an apartment in the east of Belgium on Friday.
As Terrorism Suspects Are Detained in Europe, Scope of Challenge Is Highlighted

By ALISON SMALE and JAMES KANTER

A spate of police raids and arrested suspects showed the complexity of the challenge facing intelligence agencies and security services in confronting the expanding threat from radical jihadis.
The center of Lunel, France, a southern town that has come to be seen as a breeding ground for jihadists. Six men from the area have been killed while fighting for Islam in Syria.
French Town Struggles Over Departures for Jihad

By ANDREW HIGGINS

In the wake of attacks in Paris, the southern town of Lunel, population 25,700, is trying to fathom how it became a source of recruits for fighting in Syria.
Navajos Face Leadership Crisis as Lawmakers Take Office, Minus a New President

By JULIE TURKEWITZ

After a popular candidate is rejected, critics say a requirement that Navajo presidents be fluent in their native language has allowed tradition to trump progress.
In the settlement, Penn State's wins from 1998 to 2011 would be restored, again making Joe Paterno, who died in 2012, the winningest head coach in college football.
N.C.A.A. Reaches Deal to Restore Wins for Penn State and Joe Paterno

By MARC TRACY

A proposed agreement would restore 112 wins by Penn State that were wiped out during the Jerry Sandusky scandal, again making Joe Paterno the winningest coach in major-college football.
Marilyn B. Tavenner, the administrator of the federal Centers for Medicare and Medicaid Services, had given no public indications that she would be stepping down.
Head of Medicare and Medicaid Is Stepping Down

By ROBERT PEAR

Marilyn B. Tavenner, the administrator of the federal Centers for Medicare and Medicaid Services, helped preside over the rollout of sweeping changes in the nation's health care system.

Editors' Picks
The phones are ringing again in Steinberg's office in Newport Beach, Calif.

MAGAZINE

Show Leigh Steinberg the Money (Again)

By JAMES VLAHOS

The original football superagent tries to pull off a fourth-quarter comeback.
Eminence Road Farm Winery Seneca Lake Riesling 2012

DINING & WINE

Worth the Search

By ERIC ASIMOV

A selection of inexpensive bottles that won't be found on the main highways of wine.
Today's Video
Screengrab from
Video VIDEO: The Jihadist in Our Family
Why would Mohd Lotfi Ariffin leave his wife and children behind in Malaysia in search of martyrdom in Syria?
Video VIDEO: Use the iPhone's iOS 8 Like a Pro
You probably didn't know about these five features hidden in the iPhone's iOS 8 operating system. Use them, and you'll be using your phone like a pro.
Video VIDEO: App Smart | Phone Data Calculators
New apps that help you track the data usage on your smartphone can help you save money on your next cellphone bill.

Business
Falling gasoline prices offset higher prices for food and health care in November and December.
Consumer Prices Barely Rise, Complicating Fed Strategy

By BINYAMIN APPELBAUM

Held down by the falling cost of oil, prices rose just 0.8 percent last year, the slowest pace during a period of economic growth in modern United States history.
The Swiss central bank is reflected in a fountain in Bern.

DEALBOOK

Swiss Central Bank Move Rocks Currency Brokers

By NEIL GOUGH

Shares of FXCM, an online currency trading service listed in New York, plunge in pre-market trading before they are halted.
.  Comments
Activists protested in New Delhi in December after an Uber passenger was raped.

BITS BLOG

Uber to Introduce Driver Background Checks in India

By MIKE ISAAC

The ride-hailing start-up brings new screening policies to India after months of scrutiny from lawmakers.

U.S. Department of The Treasury Press Release - January 16, 2015: Treasury International Capital Data For November.

U.S. Department of the Treasury Logo

WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2014.  The next release, which will report on data for December 2014, is scheduled for February 17, 2015.
The sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $6.3 billion.  Of this, net foreign private outflows were $2.9 billion, and net foreign official outflows were $3.4 billion.
Foreign residents increased their holdings of long-term U.S. securities in November; net purchases were $59.2 billion.  Net purchases by private foreign investors were $53.0 billion, while net purchases by foreign official institutions were $6.2 billion.
U.S. residents increased their holdings of long-term foreign securities, with net purchases of $25.7 billion.
Taking into account transactions in both foreign and U.S. securities, net foreign purchases of long-term securities were $33.5 billion.  After including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, overall net foreign acquisitions of long-term securities are estimated to have been $21.0 billion in November.
Foreign residents increased their holdings of U.S. Treasury bills by $8.8 billion.  Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased by $4.0 billion.
Banks' own net dollar-denominated liabilities to foreign residents decreased by $31.3 billion.
Complete data are available on the Treasury website at:
www.treasury.gov/resource-center/data-chart-center/tic/Pages/index.aspx

About TIC Data
The monthly data on holdings of long-term securities, as well as the monthly table on Major Foreign Holders of Treasury Securities, reflect foreign holdings of U.S. securities collected primarily on the basis of custodial data.  These data help provide a window into foreign ownership of U.S. securities, but they cannot attribute holdings of U.S. securities with complete accuracy.  For example, if a U.S. Treasury security purchased by a foreign resident is held in a custodial account in a third country, the true ownership of the security will not be reflected in the data.  The custodial data will also not properly attribute U.S. Treasury securities managed by foreign private portfolio managers who invest on behalf of residents of other countries.  In addition, foreign countries may hold dollars and other U.S. assets that are not captured in the TIC data.  For these reasons, it is difficult to draw precise conclusions from TIC data about changes in the foreign holdings of U.S. financial assets by individual countries.
 Press notice TIC for January 2015
  TIC Monthly Reports on Cross-Border Financial Flows
   (Billions of dollars, not seasonally adjusted)
        12 Months Through    
      20122013Nov-13Nov-14AugSepOctNov
  Foreigners' Acquisitions of Long-term Securities        
              
1  Gross Purchases of Domestic U.S. Securities24593.427769.927495.727467.22062.72399.12807.92076.1
2  Gross Sales of Domestic U.S. Securities23959.227690.527322.027233.52036.22304.82822.82016.9
3  Domestic Securities Purchased, net (line 1 less line 2) /1634.179.4173.8233.726.594.2-15.059.2
              
4   Private, net /2408.20.768.9152.420.779.7-15.453.0
5    Treasury Bonds & Notes, net206.649.342.3147.822.144.23.12.7
6    Gov't Agency Bonds, net134.2-3.723.929.211.311.72.218.7
7    Corporate Bonds, net-31.0-5.83.15.3-8.619.46.325.5
8    Equities, net98.4-39.1-0.4-29.9-4.24.4-27.16.0
              
9   Official, net /3225.978.8104.981.35.914.60.56.2
10    Treasury Bonds & Notes, net209.9-8.411.750.23.63.9-2.5-7.5
11    Gov't Agency Bonds, net-1.375.279.530.3-1.09.31.614.6
12    Corporate Bonds, net7.016.216.66.61.31.31.6-0.5
13    Equities, net10.3-4.1-3.0-5.82.00.0-0.2-0.3
              
14  Gross Purchases of Foreign Securities from U.S. Residents7385.48157.18148.28983.5652.7853.0856.9680.1
15  Gross Sales of Foreign Securities to U.S. Residents7406.78378.18350.89025.6627.2786.9843.3705.8
16  Foreign Securities Purchased, net (line 14 less line 15) /4-21.2-221.0-202.6-42.125.566.113.6-25.7
              
17    Foreign Bonds Purchased, net19.9-46.8-42.887.28.140.127.63.6
18    Foreign Equities Purchased, net-41.1-174.2-159.8-129.317.526.0-14.0-29.3
              
19  Net Long-term Securities Transactions(line 3 plus line 16):612.9-141.5-28.9191.652.1160.4-1.433.5
              
20  Other Acquisitions of Long-term Securities, net /5-237.2-231.2-227.6-109.8-17.5-11.6-13.5-12.6
              
21 Net Foreign Acquisition of Long-term Securities        
     (lines 19 and 20):375.7-372.7-256.581.734.5148.8-14.921.0
              
22 Increase in Foreign Holdings of Dollar-denominated Short-term        
     U.S. Securities and Other Custody Liabilities: /663.3-34.1-35.39.919.2-22.225.84.0
23  U.S. Treasury Bills16.321.6-25.3-4.410.2-16.224.08.8
24   Private, net0.8-4.1-26.036.54.4-3.012.32.7
25   Official, net15.525.70.7-40.95.8-13.111.76.1
26  Other Negotiable Instruments        
     and Selected Other Liabilities: /747.0-55.7-10.014.39.0-6.01.8-4.8
27   Private, net47.9-69.0-24.7-1.45.1-4.91.2-5.4
28   Official, net-0.813.414.715.63.9-1.10.60.6
              
29 Change in Banks' Own Net Dollar-denominated Liabilities-60.2562.5601.3178.815.3-188.0168.6-31.3
              
30Monthly Net TIC Flows (lines 21,22,29) /8378.8155.6309.5270.469.0-61.4179.5-6.3
  of which         
31  Private, net238.666.3222.3265.258.3-52.7167.7-2.9
32  Official, net140.389.487.25.210.8-8.611.9-3.4
              
              
/1  Net foreign purchases of U.S. securities (+)        
/2  Includes international and regional organizations        
/3  The reported division of net purchases of long-term securities between net purchases by foreign official institutions and net purchases
    of other foreign investors is subject to a "transaction bias" described in Frequently Asked Questions 7 and 10.a.4 on the TIC website.
/4  Net transactions in foreign securities by U.S. residents. Foreign purchases of foreign securities = U.S. sales of foreign securities to foreigners.
    Thus negative entries indicate net U.S. purchases of foreign securities, or an outflow of capital from the United States; positive entries
    indicate net U.S. sales of foreign securities.        
/5  Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities + 
    estimated foreign acquisitions of U.S. equity through stock swaps -       
    estimated U.S. acquisitions of foreign equity through stock swaps +       
    increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries. 
/6  These are primarily data on monthly changes in banks' and broker/dealers' custody liabilities. Data on custody claims are collected 
    quarterly and published in the TIC website.        
/7  "Selected Other Liabilities" are primarily the foreign liabilities of U.S. customers that are managed by U.S. banks or broker/dealers. 
/8  TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected
    and published by the Department of Commerce's Bureau of Economic Analysis. In addition to the monthly data summarized here, the
    TIC collects quarterly data on some banking and nonbanking assets and liabilities. Frequently Asked Question 1 on the TIC website
    describes the scope of TIC data collection.        
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