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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

Wall Street Profits for 2014 May Not Reach 2013 Level

Wall Street’s profits of $8.7 billion in the first half of 2014 were 13 percent lower than the same period last year. This suggests that full year profits for the broker/dealer operations of New York Stock Exchange member firms (the traditional measure of industry profitability) may not exceed the level of 2013, according to a report issued by New York State Comptroller Thomas P. DiNapoli today.

DiNapoli: Home Ownership Grants Helping Low- and Moderate-Income New Yorkers

The majority of grants awarded to homeowners through the state’s Affordable Home Ownership Development Program are being given only to eligible recipients, according to an audit by New York State Comptroller Thomas P. DiNapoli. The program, overseen by the Affordable Housing Corporation, which is a division of New York State Homes and Community Renewal, provides up to $40,000 in grants to existing and prospective low- and moderate-income homeowners across the state.

DiNapoli: Former Le Roy Fire Department Treasurer Stole Nearly $50,000 in Public Funds

The former treasurer of the Le Roy Fire Department and the Firemen’s Benevolent Association of the Village of Le Roy (Genesee County) stole nearly $50,000 in public funds by pocketing cash, writing unauthorized checks to himself and his personal business, and making electronic transfers to pay his credit card and cell phone bills, according to two audits issued today by New York State Comptroller Thomas P. DiNapoli. 

DiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan

New York State Comptroller Thomas P. DiNapoli today announced a new reduction in management fees for the state’s 529 College Savings Program’s Direct Plan. It is the fourth fee reduction since 2009 for Direct Plan account holders across the state. New York’s Direct Plan has more than 650,000 accounts valued at more than $16 billion. 

Comptroller DiNapoli Visits Holocaust Memorial and Tolerance Center

New York State Comptroller Thomas P. DiNapoli visited the Nassau County Holocaust Memorial and Tolerance Center in Glen Cove on September 9 to present a two-volume study on what happened to synagogues in Germany during the events of Kristallnacht (“The Night of the Broken Glass”) to the Center’s library. The book, titled “Pogrom Night 1938,” was presented on behalf of Malcolm Hoenlein, executive vice president of the Conference of Presidents of Major Jewish Organizations.

DiNapoli Releases Bond Calendar for Fourth Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned sale of obligations for the state, New York City, and their major public authorities during the fourth quarter of 2014.