13 Quotes by Brookly McLaughlin

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.

We do have ongoing concerns with the Bank's lending function.

Those are concerns we continue to review as we consider the bank's appropriate future.

Without this action we would reach the debt limit today.

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.

Our concern is with the functioning of the bank. We think the administrative costs are pretty high.

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.

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.

It's part of an ongoing look at where our resources are going and how they can best be used.