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Judicial Watch • Frank H. Easterbrook – 2012

Frank H. Easterbrook – 2012

Frank H. Easterbrook – 2012

Page 1: Frank H. Easterbrook – 2012

Category:Federal Judges

Number of Pages:6

Date Created:January 3, 2014

Date Uploaded to the Library:May 22, 2014

Tags:Frank H Easterbrook, Easterbrook, Portfolio, chicago, Frank, vanguard, university, 2012, spouse, Codes, reportable, disclosure, reporting, report, Federal Judge, financial, income, Judge


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Rev. 112013 
FOR CALENDAR YEAR 2012 U.S.C. opp.  101-111) Person Reporting (last name, first, middle initial) Easterbrook, Frank Court Organization Seventh Circuit Date Report 04/23/2013 Title (Article Ill judges indicate active senior status; magistrate judges indicate full-or part-time) Chief Judge  Sa. Report Type (check appropriate type) Nomination Date Initial [2] Annual Sb. Amended Report Final Reporting Period 1/1/2012 12/31/2012 Chambers Office Address 
219 South Dearborn Street Chicago, Illinois 60604 
IMPORT ANT NOTES: The instructions accompanying this form must followed. Complete all parts, checking the NONE box for each part where you have reportable information. POSIT! ONS. (Reporting individual only; see pp. 9-13 filing instructions.)  NONE (No reportable positions.)  
POSITION  NAME ORGANIZATION/ENTITY  Senior Lecturer  University Chicago 
II. AGREEMENTS. (Reporting individual only; see pp. 14-16 filing instructions.) 
[{] NONE (No reportable agreements.) 
PARTIES AND TERMS 

Name Person Reporting 
04/23/2013

III. N-INVESTMENT ME. (Reporting individual and spouse; see pp. 17-24 filing instructions.) Filer's Non-Investment Income  NONE (No reportable non-investment income.)  

 SOURCE AND TYPE  INCOME  
(yours, not spouse's) 2012  University Chicago -Salary (see Part VIII)  $29,000.25 2012  Harvard University Press -royalty  $693.77 2012  Thomson (West Publishing) -royalty  $10.00 Spouse's Non-Investment Income -If you were married during any portion the reporting year, complete this section. 
(Dollar amount not required except for honoraria.) 
[{_] NONE (No reportable non-investment income.) 
SOURCE AND TYPE 

IV. REIMBURSEMENTS -transportation, lodging,food, entertainment. 
(Includes those spouse and dependent children; see pp. 25-27 filing instructions.) NONE (No reportable reimbursements.) 

SOURCE DATES LOCATION PURPOSE ITEMS PAID PROVIDED 	The Federalist Society November 15-16, Washington, National Lawyers Transportation, meals, lodging 2012 Convention 	
NOTE: Travel reimb. for judicial business and other gov. reimb. also omitted 

Name Person Reporting 
04/23/2013 GIFTS. (Includes those spouse and dependent children; see pp. 28-31 

instructions.) NONE (No reportable gifts.) SOURCE DESCRIPTION VALUE Union League Club Chicago Signing privileges (see Part VIII) 

VI. LIABILITIES. (Includes those spouse and dependent children; see pp. 32-33 filing instructions.) 
[{] NONE (No reportable liabilities.) 
CREDITOR DESCRIPTION VALUE CODE 

Name Person Reporting 
Easterbrook, Frank 
0412312013
VII. INVESTMENTS and TRUSTS --income, value, transactions r1nc111des those spouse and dependent children; see pp. 34-60 filing instructions.) NONE (No reportable income, assets, transactions.)  
Description Assets  Income during  Gross value end  Transactions during reporting period  
(including tmst assets)  reporting period  ofreporting period  

(I) (2) (J) (I) (2) (3) (4) (5) 
Place "(X)" after each asset  Amount  Type (e.g.,  Value  Value  Type (e.g.,  Date  Value  Gain  Identity  
exempt from prior disclosure  Code  div., rent,  Code  Method  buy, sell,  mm/dd/yy  Code  Code  buyer/seller  
(A-H) int.)  (J-P)  Code3  redemption)  (J-P)  (A-H)  (if private  
(Q-W)  transaction) Income Gain Codes:  A=$1.000orless 41.001-$2.500  c=$2.501 -$5.000  0=$5.001 -$15.000 =$15.001-$50,000  
(Sec olumns and 04)  F=$50.001 -$100.000  G=$1 00.00I -$1.000.000  Ill =$1.000.001 -$5.000.000  112=More than $5.000.000 Value Codes =$15.000 less =$15.001 -$50.000  L=$50.00I -$100.000 =$100.001 -$250.000  
(Sec Columns and 03)  N=$250.001 -$500.000  0=$500.001 -$1.000.000 =$1.000.001 -$5.000.000 =$5.000.001 -$25.000.000 =$25.000.00 -$50.000.000 =More than $50.000.000 Value Method Codes =Appraisal =Cost (Real Estate Only) =Assessment  T=Cash Markel  
(Sec Column C2}  U=Book Value  V=Othcr  W=Estimated 
Date Report 
04/23/2013
Easterbrook, Frank 
VIII. ADDITIONAL INFORMATION EXPLANATIONS. (Jndicate partofreport.) (Part III): have received the approval the Judicial Council the Seventh Circuit teach the University Chicago. This income therefore "outside earned income" rather than "honorarium" within the meaning the Ethics Reform Act 1989. accepted gross income exceeding the staturory cap (15% Level the Executive Schedule) because, under 3(b) the regulations the Judicial Conference implementing this statute, "outside earned income" includes 
.only net taxable income, and therefore excludes pension contributions well the "ordinary and necessary expenses paid incurred producing this income." Some the income reported Part III was contributed pension plan through the Univeristy Chicago part salary reduction plan and therefore does not count for statutory purposes. Moreover, the ordinary and necessary expenses producing the income--including the cost commuting between the courthouse and the Law School, fees for parking the University, and the expenses equipment and books for Law School office--are substantial. Net taxable income less than the statutory maximum. 
(Part V): The Union League Club extends federal judges the ability use the Club's facilities without formal membership. During 2012judges paid dues 

of$88 per month during January through June and $93 per month from July through December. Judges pay for all meals and other services the same price 
members. The Committee Codes Conduct has concluded (Opinion 2071) that this arrangement does not entail gift element. 
(Part VII): Dividends and capital gain distributions from the mutual funds marked "See Part VIII" are reinvested automatically monthly. Shares were purchased and sold the Vanguard Prime Money Market Fund occasionally. treat this checking account, and the past years not report these flows (as opposed year-end balances). Shares value code were sold the Vanguard 500 Index Fund; other transactions these funds occurred during 2012. 
(Part VII): While was employed full-time the University Chicago preceding appointment the court, and again since 1992, pension contributions under defined contribution plan were made behalf. TIAA-CREF holds the funds contributed before 1983 (value code N). Pension contributions since 1983, and supplemental retirement annuity contributions since 1982, are held the Vanguard Group, which also holds pension contributions made behalf during 1981-84 Lexecon Inc., plus IRA contributions during that period. "Vanguard Retirement Portfolio" umbrella designation for these assets. Access all funds the Vanguard Retirement Portfolio blocked until reach retirement age. Vanguard invests these monies four its funds: Vanguard Money Market Reserves Prime Portfolio; Vanguard Fixed Income Securities Fund Long-Term Corporate; Vanguard Fixed. Income Securities High-Yield Corporate; and Vanguard International Value Portfolio. Investments within the Vanguard Retirement Portfolio may change from time time, but only from one mutual fund another (never stock individual firm), making consolidated listing desirable. 

IX. CERTIFICATION. certify that all information given above (including information pertaining spouse and minor dependent children, any) accurate, true, and complete the best knowledge and belief, and that any information not reported was withheld because met applicable statutory provisions permitting non-disclosure. further certify that earned income from outside employment and honoraria and the acceptance gifts which have been reported are compliance with the provisions U.S.C. app.  501 et. seq., U.S.C.  7353, and Judicial Conference regulations. 
Signature: Frank Easterbrook 
NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILLFULLY FALSIFIES FAILS FILE THIS REPORT MAY SUBJECT CIVIL AND CRIMINAL SANCTIONS U.S.C. app.  104)