| Top News: |
| ICBA: Basel III Applies to All Banks |
| ICBA is reminding community bankers and policymakers that banks with less than $500 million in assets are not exempt from proposed Basel III capital standards. Read more. |
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| Other News: Click Headline for Story |
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Capital |
| ICBA: Basel III Applies to All Banks |
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ICBA is reminding community bankers and policymakers that banks with less than $500 million in assets are not exempt from proposed Basel III capital standards. With a variety of informational resources and a petition on the Basel III proposal, ICBA has worked to dispel the myth that these community banks are exempt. In fact, Basel III applies to all banks, regardless of size.
ICBA is urging community bankers and industry allies to sign the association’s petition calling on regulators to exempt community banks from the proposal and to allow community banks to continue operating under Basel I capital regulations. More information on the Basel III capital standards is available on ICBA’s comprehensive webpage. Sign the Petition Today.
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Regulators |
| Regulators Close Minn. Bank |
| Regulators closed a bank Friday, bringing the total number of failures in 2012 to 41. First Commercial Bank in Bloomington, Minn., was closed by the Minnesota Department of Commerce, which appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with Republic Bank & Trust Co. of Louisville, Ky. The FDIC said it estimates that the cost to the Deposit Insurance Fund will be $63.9 million. |
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Economy |
| HARP Refinances Top Half a Million in 2012 |
| Refinancing under the Home Affordable Refinance Program topped 519,000 since the beginning of the year, according to the Federal Housing Finance Agency. The number of refinanced loans by Fannie Mae and Freddie Mac in the first seven months of 2012 is more than the 400,024 from last year. Refinances in Nevada, Arizona and Florida accounted for nearly 60 percent of the July total. |
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Economy |
| Unemployment Rate Down, Payrolls Up 96K |
| Payroll employment rose by 96,000 in August and the unemployment rate edged down to 8.1 percent, the Labor Department reported. Employment increased in food services and drinking places, professional and technical services, and health care. The number of unemployed persons was little changed at 12.5 million. |
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Agriculture |
| USDA Projects Record Farm Export Levels |
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The USDA recently forecast a record $143.5 billion of U.S. farm exports for fiscal 2013. The projections include a positive trade balance of $26.5 billion for 2013 and $30 billion for fiscal 2012. Secretary Tom Vilsack said that even with tough odds due to extreme weather, U.S. agriculture is poised for three consecutive years of record exports, smashing all previous records.
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This Week |
| With Recess Over, Capitol Hill Abuzz Again |
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Washington heats back up this week with Congress returning after an extended August recess. All eyes will be on the House Financial Services Committee, which has a markup scheduled for Thursday on to-be-determined legislation. The panel’s Subcommittee on Capital Markets also has a Thursday joint hearing on the implementation of the JOBS Act.
Also this week, the FDIC releases its second National Survey of Unbanked and Underbanked Households on Wednesday. A flurry of indicators, such as August retail sales, consumer prices and industrial production, are due out Friday.
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Education |
| ICBA Credit Analysis Seminar Next Month |
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ICBA is hosting a seminar next month to provide credit analysts with analytical and writing skills that can be put to immediate use. “Credit Analysis,” scheduled for Oct. 10-11 in Minneapolis, will feature how to assess the degree of risk prior to approving or declining credit requests and how to improve the documentation of commercial loan files. Register Online.
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Products and Services |
| Free Download: Q&A on Real Estate Valuation Guidelines |
| Regulators continue to focus on real estate valuations tied to commercial and ag loans. Are you confident your community bank is meeting the recommendations of the Interagency Appraisals and Evaluation Guidelines? WebEquity Solutions, an ICBA Preferred Service Provider, recently hosted a webinar on this topic and published a Q&A document with answers to questions submitted by the audience. Download a Complimentary Copy. |
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ICBA NewsWatch Today
Published by the Independent Community Bankers of America
© 2012 ICBA
Contact Editors of
ICBA NewsWatch Today
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Washington, DC 20036
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