The agencies also published a final rule that requires banking organizations with significant trading activities to adjust their capital requirements to better account for market risks. Read more.

The federal banking agencies published in the Federal Register their proposed rules to implement Basel III regulatory capital standards. The proposals were published separately to reflect their distinct objectives.

Responses to ICBA’s survey on the potential impact on community banks of the Basel III proposed rules are due today. The survey results will help ICBA develop formal comments on the proposals by the Oct. 22 comment deadline.

ICBA also is urging community bankers and industry allies to sign a petition calling on regulators to exempt community banks from the proposed rules and to allow community banks to continue operating under Basel I capital regulations. Take the Survey. Sign the Petition. Learn More.

The agencies also published a final rule that requires banking organizations with significant trading activities to adjust their capital requirements to better account for market risks. The rule applies to any bank with aggregate trading assets and liabilities equal to 10 percent or more of total assets or at least $1 billion.

The rule is designed to enhance sensitivity to market risks and reduce procyclicality in market risk capital requirements. The final rule applies to bank holding companies and state member banks. The rule takes effect Jan. 1, 2013.

Does the hectic pace of modern life have you yearning for the good old days when living was easy and items were built to last? You can relive that experience by visiting the Covered Bridge Festival in Ashtabula County, Ohio. Now in its 29th year, the festival (scheduled for Oct. 13-14) will feature an opening parade, a chain saw carving demonstration, dedication of a local bridge, bluegrass music, crafts and more.

Mary Mitchell of Andover Bank, the area's local community bank, took her grandchildren on a covered bridge tour this summer. “They had a great time walking across the bridges and were fascinated at how old the bridges were—they truly enjoyed our adventure,” she said.

“ICBA Road Trip: My Hometown USA” showcases, on social media and in ICBA Independent Banker magazine, the special activities, landmarks and history in ICBA members’ communities. Nomination categories include activity/recreation, event, food/restaurant, historic, landmark, lodging, museum and other. Email questions to info@icba.org. Send Us Your Hometown Highlights.

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