Frank H Easterbrook Financial Disclosure Report for 2006
Number of Pages:7
Date Created:September 14, 2007
Date Uploaded to the Library:November 13, 2013
Autogenerated text from PDF
AO-IO(WP) Government Act i978,Rev. 1/2007 U.S.C. app. iOi-11 FOR CALENDAR YEAR 2006 . The ccompanyingthi:;fpnn th(! where have rep-nl fT1 _.J III. N-JNVESTMENT ME. (Reporting individual and spouse; see pp. 17-24 instructions) DATE SOURCE AND TYPE INCOME Filer's Non-Investment Income NONE (No reportable non-investment income.) University Chicago -salary (see Part VIII) $ZS ,365 .00 Harvard University Press -royalty 604.63 Spouse's Non-Investment Income -If you were married during any portion the reporting year, please complete this section. (dollar amount not required except for honoraria} NONE (No reportable non-investment income.) GIFTS. (Includes those spouse and dependent children. See pp. 28-31 Instructions.) SOURCE DESCRIPTION VALUE VI. LIABILITIES. (Includes those spouse and dependent children See pp. 32-33 Instructions.) CREDITOR DESCRIPTION VALUE CODE* Name Person Reporting Date Report 5/9/07 Easterbrook, Frank VII. Page INVESTMENTS and TRUSTS -income, value, transactions (Includes those spouse and dependent children. See pp. 34-60 Instructions.) NONE (No reportable income, assets, transactions.) Vanguard 500 Index Fund mutual fund) Div. See Part VIII Vanguard Prime Money Market Fund mutual fund) Div. See Part VIII Vanguard High-Yield Tax Exem Fund Div. See Part VIII Vanguard Retirement Cap. ain Portfolio (mutual fund; Div. See Part VIII blocked access) l!6 First Chica National Bank (checkin account) Int. VIII. ADDITIONAL INFORMATION EXPLANATIONS (Indicate part Report.) Separate sheet attached. 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 Easterbrook, Frank 5-9-07 IV. REIMBURSEMENTS. The Federalist Society Travel reimbursement Columbia Law School 2/24/06 2/26/06 New York, New York Boston University Law School Travel reimbursement Boston, Massachusetts 4/21/06 4/22/06 Stanford Law School Travel reimbursement Stanford, California 5/4/06 5/5/06 ALEA Travel reimbursement University California 5/6/06 5/7/06 Berkeley, California (Paid the University Chicago) The Federalist Society Travel reimbursement Washington, D.C. 11/16/06 11/18/06 Easterbrook, Frank 5-9-07 VIII. ADDITIONAL INFORMATION EXPLANATIONS. (Part III): have received the approval Chief Judge Flaum 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 statutory 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 University 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 off ice-are substantial. Net taxable income less than the statutory maximum. (Part The Union League Club extends federal judges the privilege using the Club's facilities without formal membership. During 2006 charged $60 per month for these privileges from January through June and $68.00 per month from July through December. The difference between this and the market value gift, but whether there any difference and, so, its size, difficult determine. Judges pay the same for meals, haircuts, and other services regular members the Club. (Part VII): Dividends and capital gain distributions from the mutual funds marked nsee Part VIII" are reinvested automatically monthly. Shares were purchased and sold the Vanguard Prime Money Market Fund occasionally. treat this checking account, and past years not report these flows (as opposed year-end balances). Shares the Vanguard High-Yield Tax Exempt Fund with the value code were sold during 2006; these sales produced taxable capital gains with value code other transactions occurred these funds. The names the Vanguard mutual funds have changed since last year's report (e.g., "Vanguard Index Fund" becomes "Vanguard 500 Index Fund") match Vanguard's current nomenclature. Only the names have changed; all investments have remained the same funds. Easterbrook, Frank 5-9-07 VIII. ADDITIONAL INFORMATION EXPLANATIONS Continued. (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 Fund 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.