With the IOR rate far above the 90-day T-bill rate, banks had no incentive to do anything with the huge volume of newly created reserves other than to sit on them, and sit on them they did.
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On rate cuts, the bill would reduce the highest tax rate from 39.6 percent to 36 percent by 2007 -- a more modest cut that takes place in phases at a slower pace than what Bush proposed and conservatives advocate.
How about getting a new credit card with a great low rate and just before you get your first bill you get a notification that your rate is doubling, effective with your first bill.
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Easy money will continue to keep real rates (or the T-bill rate less inflation) negative.
Whereas it can indeed, risk free, lend out money at the T-Bill rate.
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Thus, the compensation for having to wait for the money should be that T-Bill rate: the available risk free return.
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The fund charges an annual management fee of 1.25% plus a performance fee of 20% on returns exceeding the U.S. Treasury bill rate.
So on a scale of one to five, with five being the most legislative impact on stocks, how does the farm bill rate?
The most violent contraction in RGDP occurred during 4Q2008, when the average spread between the 90-day T-bill rate and the IOR rate was the greatest, at -0.83 percentage points.
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France-born Laplance founded Lending Club in 2007 after he became irked by the massive disparity between the 18% interest rate on his credit card bill, and the 1% savings rate at his bank.
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As I posted last month, the last time the U.S. economy was producing jobs at the rate we need, Bill Clinton was president.
The rate on the 10-year Treasury Bill fell to just a little over 3% today, which is the lowest rate in five decades.
With job creation the top issue this campaign season, and outsourcing being blamed as a big contributor to the high unemployment rate, Democrats saw the bill as an election-year winner.
Now, so far, most of my Republican friends in Washington have refused under any circumstance to ask the wealthiest Americans to go to the same tax rate they were paying when Bill Clinton was president.
They would rather see all of that than ask millionaires and billionaires to go back to the marginal income rate that they had under Bill Clinton, when, by the way, the economy created 23 million jobs.
And the cost to the supplier of immediate cash payment by the bank, in respect of the implicit interest rate or discount on the bill, ought to be tiny - because the bank is in effect lending to the safe big company, which ultimately honours the bill, not to the riskier supplier.
Though the level ends up the same, the rise in the top marginal income tax rate that Mr Obama is proposing is smaller than that signed by Bill Clinton in 1993 (which took the top rate of tax from 31% to 39.6%).
In other words, the U.S Treasury could offer a four-week bill at a negative rate of 0.10%.
Environmentalists say the bill would increase the rate of land-grabs, with a knock-on rise in illegal logging likely.
To help offset the higher cost of including more fruits and vegetables, the bill increases the reimbursement rate for school lunches.
Bill is a first-rate editor with an enormous capacity for taking on increased responsibility.
D-marks, for example, and your bill is calculated at a rate of DM2.50 instead of this week's rate of DM2.84 (or even more at tourist rates).
Cleaning out the attic of decades of these loopholes and using the savings to lower the tax rate ensures that Mr. Buffett, Bill Gates and Lady Gaga pay their fair share.
While most people are fixated on tax rate increases adding to their income tax bill in 2013 and beyond, very few people are aware that the Pease limitation reinstatement can add to their income tax bills by phasing out some key itemized deductions.
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Turning to the issue of the Safeguarding Board Bill, the committee discussed the rate of remuneration for the chairperson of the board.
Today she uses New York-based Merchant Processing Services, which charges her a base rate of 1.61% on each bill, plus 20 cents per card swipe.
But anything spent on the card will be charged at the customer's normal rate, and any money paid towards the bill will go to clearing the transferred balance first.
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In May 1997, under President Bill Clinton, the top capital gains rate was cut from 27% to 20%.
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The truth is, though, that the proposed bill excludes countries with an effective tax rate of greater than 7%.
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