This process led to the presentation by Mr. Ricardo Salgado, in mid-April 2014, of a schedule for his succession, and a plan based on the departure of the family members from the executive body of BES. This was all clearly documented in information provided to the Parliamentary Committee of Inquiry.
With the expansion of the Federal Reserve’s balance sheet, yearly remittances have roughly tripled in recent years, with payments to the Treasury totaling approximately $ billion between 2009 and 2012.6  5  The Federal Reserve is also monitoring financial markets to ensure that asset purchases do not impair their functioning.