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Judicial Watch • Frank H Easterbrook Financial Disclosure Report for 2010

Frank H Easterbrook Financial Disclosure Report for 2010

Frank H Easterbrook Financial Disclosure Report for 2010

Page 1: Frank H Easterbrook Financial Disclosure Report for 2010

Category:Financial Disclosure

Number of Pages:6

Date Created:November 5, 2013

Date Uploaded to the Library:November 13, 2013

Tags:Frank H Easterbrook, Easterbrook, Portfolio, chicago, Frank, conference, vanguard, Retirement, university, Washington, 2010, Financial Disclosure, ICE, CIA, income, Judge


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POSITIONS. (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 

Easterbrook, Frank 

Date Report 
05/06/2011
Easterbrook, Frank 
Ill. NON-INVESTMENT COME. (Reponing indfridual and spouse; see pp. 17-U filing instructions.) Filer's Non-Investment Income  NONE (No reportable non-investment income.)  

 SOURCE AND TYPE  INCOME  
(yours, not spouse's)  University Chicago -Salary (see Part VIII)  $29,000.28  Harvard University Press -royalty  $449.98 Thomson (West Publishing) -royalty 	$0.00 Spouse's Non-Investment Income -If you were married during any ponion the reporting year, complete thissection. 
(Dollar amount not required except for honoraria.) 
[{] NONE (No reportable non-investment income.) 

SOURCE AND TYPE 

IV. REIMBURSEMENTS -transportation, lodging, food, entertainmenL 
(Includes those spouse and dependent children; see pp. 25-27 filing imtructions.) NONE (No reportable reimbursements.) 
SOURCE DATES LOCATION PURPOSE ITEMS PAID PROVIDED 	Seventh Circuit Bar May 2-4, Chicago Circuit Conference Lodging Association 	Heritage Foundation November 0-11, Washington, Originalism Conference Transportation, meals, lodging 2010 	The Federalist Society November 19-20, Washington, Nat'! Lawyers Convention Transportation, meals, lodging 2010 	NOTE: Travel reimb. for 
judicial business and other 
gov. reimb. also omitted 

Date Report 
Easterbrook, Frank 
05/06/2011 GIFTS. (lnrludes those spouse and dependent children; see pp. 18-31 filing instructions.) 	NONE (No reportable gifts.) SOURCE DESCRIPTION VALUE Union League Club Chicago Signing privileges (see Part VIII) 
VI. LIABILITIES. (lnrludes those spouse and dependent clrildren; see pp. 31-33 filing instructions.) 
[{] 	NONE (No reportable liabilities.) CREDITOR DESCRIPTION VALUE CODE 

Date Report 
05/06/2011
Easterbrook, frank 
VII. INVESTMENTS and TRUSTS -income, 1a/ue, transactions (Includes those spouse and dependent children; pp. 3.f-60 filing instructions.) NONE (No reportable income, assets, transactions.)  
Description Assets  Income during  Gross value end  Transactions during reponing period  
(including trust assets)  reponing period reponing period  

(I) (2) (I) (2) (I) (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  Code2  Code  buyer/seller  
(A-H) int.)  (J-P)  Code  redemption)  (J-P)  (A-H)  (if private  
(Q-W)  transaction) Income Gain Codes: =Sl ,000 less 1,00 -$2,500 =$2,501 -$5,000 =$5,00 15,000 15,00 -$50,000  
(Sec Column' and 04) =S50.001 -$100.000 =SI00,001 -Sl,000,000 =Sl.OOO,OOl -S5.000,000 More lhan $5,000,000 ':iluc CoJcs =$15.000 less =$15,00 -$50.000 =$50.001 -$100.000 =SI00,001 -$250,000  
(Sec Column' and 03) =$250.001 -$500,000 =$500.001 -$1,000,000 1.000.001 -$5.000.000 =$5,000,00 -$25,000,000 =S25.000,00I -$50. 000,000 =More than $50.000.000 Value Method Code =Apprnisal =Cost (Real Estate Only) scssmcnt =Cash Markel  
(Sec Column C2) =Book V;.iluc =Other =Estimated  

Name Person Reporting 
Date Report 
Easterbrook, Frank 
05/06/2011 
VIII. ADDITIONAL INFORMATION EXPLANATIONS. (/ndicale partofreport.) (Part Ill): 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 Ill 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 privileges using the Club's facilities without formal membership. During charged $78 per month for these privileges during January thru June, and $83 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 these privileges not entail gift element. 
(Part VII): 	Dividends and capital gain distributions from the mutual funds marked "See Part Vlll" 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 2010. 
(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 proisions 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 proisions U.S.C. app.  501 et. seq., U.S.C.  7353, and Judicial Conference regulations. 
Signature: Frank Easterbrook 
NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES FAILS FILE THIS REPORT MAY SUBJECT CIVIL AND CRIMINAL SANCTIONS U.S.C. app.  104) 

Committee Financial Disclosure Administrative Office the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544