# Frank Hoover Easterbrook

> Federal judicial disclosures.

URL: https://www.frixlaw.com/law-library/disclosures/12466

## Record

- **Judge:** Frank Hoover Easterbrook
- **Year:** 2018
- **Report type:** Annual
- **Pages:** 7

## Text

Vanguard 500 Index Fund — Int/Div
Vanguard 500 Index Fund — Sold (part)
Vanguard 500 Index Fund — Sold (part)
Vanguard Prime Money Market Fund — Int/Div
Vanguard Prime Money Market Fund — Sold (part)
Vanguard Prime Money Market Fund — Buy (add'l)
Vanguard Prime Money Market Fund — Sold (part)
Vanguard Prime Money Market Fund — Buy (add'l)
Vanguard Prime Money Market Fund — Sold (part)
Vanguard High-Yield Tax Exempt Fund — Interest
TIAA Traditional Fund (in UC retirement account) — None
CREF Stock R3 Fund (in UC retirement account) — None
Vanguard Prime Money Market Fund (in UC retirement account) — Int/Div — Sold
Vanguard Long Term Investment Grade Fund (in UC retirement account) — Int/Div — Sold
Vanguard High-Yield Corporate Fund (in UC retirement account) — Int/Div — Sold
Vanguard International Value Fund (mm UC retirement account) — Int/Div — Sold
Vanguard High-Yield Corporate Fund (in IRA) — Int/Div
Vanguard Short-Term Investment Grade Fund (in IRA) — Int/Div
JPMorgan Chase Bank (checking account) — Interest
Vanguard Balanced Index Fund — Int/Div
TIAA-CREF
Vang Inst Idx Inst Plus (TIAA) — None — Buy
Vanguard Til Bd Mkt Idx InsP (TIAA) — None — Buy
Vang Federal Many Mkt Inv (TIAA) — None — Buy
Vang Inst Tg Rim Inc Inst (TIAA) — None — Buy
Vang Inst Idx Inst Plus (CREF) — None — Buy
Vanguard Total InStixlsPs (CREF) — None — Buy
Vang Til Bd Mkt Idx InsPl (CREF) — None — Buy
Vang Federal Many Mkt Inv (CREF) — None — Buy
Vang Inst Rtm Inc Inst (CREF) — None — Buy
Scmor Lecturer, University of Chicago
Reimbursement — The American Law Institute — November 8-9, 2018 — Philadelphia, PA — Meeting — Transportation, lodging, and meals
Reimbursement — The Federalist Society — November 14-17 2018 — Washington, DX — Convention — Transportation, lodging, and meals
Income — 2018 — University of Chicago - salary — S29.000.16
Income — 2018 — Harvard Umiversity Press - rovalty — S280.00
Income — 2008 — West Academic - rovalty — $25.50
Spouse's income — 2018 — Alaska Communication Systems Retirement Plan
Spouse's income — 2018 — State of Alaska Retirement Plan
1. (Part HLA): | have received the approval of the Chief Judge of the Seventh Circuit to teach at the University of Chicago. This income therefore is "outside

earned mcome” rather than an "honorarium" within the meaning of the Ethics Reform Act of 1989, 1 accepted gross income exceeding the statutory cup (15% of

Level Il of the Executive Schedule) because, under §3(b) of the regulations of the Judicial Conference implementing this statute, "outside earned income” includes

only net taxable income, and therefore excludes pension contributions as well as the “ordinary and necessary expenses paid or incurred in producing this income."

Some of the mcome reported in Part 111A was contributed to a pension plan through the University of Chicago as part of a sulary reduction plan and therefore

does not count for statutory purposes. Moreover, the ordinary and necessary expenses of producing the income-including the cost of commuting between the

courthouse and the Law School und the expenses of equipment and books for my Law School office--are substantial. Net taxable income is less than the statutory

maximum.

2. (Part IV): Travel reimbursement for judicial business and other government reimbursement also omitted.

3. (Part VII): Dividends and capital gains from all mutual funds listed in Part VII are reinvested automatically,

4. (Part VII): Income from my TIAA-CREF retirement accounts is shown as “none” because TIAA-CREF does not supply income information. Statements show

the change in cach portfolio's value over the course of each quarter but not how much of that change is attributable to income (interest or dividends) and how

much to change in the market price of the investments. It is accordingly impossible to disentangle these components.

5. (Part VII): All sales and reinvestments dated April 2, 2018, are the result of a decision by the University of Chicago to make TIAA-CREF the sole custodian

of retirement funds for current and former faculty members. On April 2 all of my UC-related retirement assets held by Vanguard were moved automatically to

corresponding funds administered by TIAA-CREF. These transactions did not produce any economic gain or loss: they are pure rollovers.

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/disclosures/12466. Public record. Not legal advice.