WASHINGTON, Oct. 26 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper (No. IF12795) on Oct. 25, 2024, by economic development policy analyst Adam G. Levin. Here are excerpts: * * * How Can Anchor Institutions Affect Economic Development? In many urban locations, so-called anchor institutions-- primarily entities such as hospitals and other medical centers, colleges and universities, cultural organizations, large nonprofits, and, in some cases, for-profi  more

WASHINGTON, Oct. 26 -- The Federal Reserve System has issued a notice, published in the Federal Register on Oct. 25, 2024, entitled "Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company." The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and Sec.225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applicati  more

WASHINGTON, Oct. 21 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following notice (No. 2024-70) in Internal Revenue Bulletin (No. 2024-43): * * * SECTION 1. PURPOSE This notice provides guidance regarding an extension of the replacement period under Sec. 1033(e) of the Internal Revenue Code for livestock sold on account of drought in specified counties. SECTION 2. BACKGROUND .01 Nonrecognition of Gain on Involuntary Conversion of Livestock. Section 1033(a) ge  more