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FDIC State Profiles - Second Quarter 2013 - Friday, September 13, 2013

FDIC State Profiles - Second Quarter 2013

Effective January 2007, FDIC State Profiles have been reformatted as a quarterly data sheet summation of banking and economic conditions in each state. To retrieve a state profile, click here for the complete map and list of states.

 

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September 2013 NCUA Report - Wednesday, September 11, 2013

September 2013 NCUA Report

 

The NCUA Report is NCUA’s flagship publication that highlights important NCUA Board actions and key issues that credit union volunteers and management need to know.  It is a one-stop resource to learn not just the “what” but also the “why” behind NCUA’s actions.

Every NCUA Report includes articles from the Chairman and each of the Board Members regarding their take on current topics.  You'll also find topical articles from NCUA office and regional directors.

Click here for entire report

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FRB Releases Paper on Capital Planning at Large Bank Holding Companies - Tuesday, August 20, 2013

Federal Reserve Press Release:

FRB Releases Paper on Capital Planning at Large Bank Holding Companies

 

 

Release Date: August 19, 2013

Large bank holding companies have considerably improved their capital planning processes in recent years, but have more work to do to enhance their practices for assessing the capital they need to withstand stressful economic and financial conditions, the Federal Reserve said in a paper released on Monday.  

In the paper, the Federal Reserve discussed in detail its expectations for internal capital planning at large bank holding companies and described the range of practices it has observed at these companies during the past three Comprehensive Capital Analysis and Review (CCAR) exercises.  The Federal Reserve conducts the CCAR annually to help ensure that companies have forward-looking capital planning processes that account for their unique risks and result in sufficient capital to enable the institutions to continue lending to households and businesses during times of economic and financial stress. 

The paper, Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice, is intended to promote better capital planning at bank holding companies generally, and to provide greater clarity on the standards against which those practices are evaluated as part of the CCAR exercise.  Click here for full release and link to report.

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Consumer Credit - G.19 - June 2013 Release - Wednesday, August 07, 2013

Federal Reserve Release:

Consumer Credit – G.19

June 2013 Release Date*: August 7, 2013

Consumer credit increased at a seasonally adjusted annual rate of 6 percent in the second quarter. Revolving credit increased at an annual rate of 2 percent, while nonrevolving credit increased 7-1/2 percent. In June, consumer credit increased at an annual rate of 6 percent.

Click here for entire release.

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The Five C's of Lending - Wednesday, July 31, 2013

Posted from NAFCU Services Blog:

 

The Five C’s of Lending

 

Originally posted on CUInsight.com.

Guest post written by John Levonick, Chief Legal & Compliance Officer, Mortgage Cadence LLC.

Mortgage Cadence is the NAFCU Services Preferred Partner for Mortgage Processing and Fulfillment Services.

If you were lending in the early 80s into the mid-90s you were taught the four-Cs: capacity, credit, collateral, character.  Rules to live by, rules to lend by.  And remarkably proscriptive. Underwrite, close, repeat. Follow these, make good loans. Even way back then, though, there was an unofficial fifth C.  Its situation was rather like Pluto in reverse, which of course used to be a planet though now it’s not.  Compliance is now the official fifth C where it was not before.  Compliance is a full-fledged member of the club, supplanting almighty capacity as the first of the order.

Truth be told compliance has always been an underwriting factor.  Read Entire Post. . .

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July 2013 NCUA Report - Tuesday, July 23, 2013

July 2013 NCUA Report

The NCUA Report is NCUA’s flagship publication that highlights important NCUA Board actions and key issues that credit union volunteers and management need to know.  It is a one-stop resource to learn not just the “what” but also the “why” behind NCUA’s actions.

Every NCUA Report includes articles from the Chairman and each of the Board Members regarding their take on current topics.  You'll also find topical articles from NCUA office and regional directors.

Click here for report.

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June 2013 NCUA Report - Wednesday, June 19, 2013

JUNE 2013 NCUA REPORT

The NCUA Report is NCUA’s flagship publication that highlights important NCUA Board actions and key issues that credit union volunteers and management need to know.  It is a one-stop resource to learn not just the “what” but also the “why” behind NCUA’s actions.

Every NCUA Report includes articles from the Chairman and each of the Board Members regarding their take on current topics.  You'll also find topical articles from NCUA office and regional directors.

Read entire report here.

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Books on the World of Banking - Tuesday, May 28, 2013

From The Boston Globe:

Books on the world of banking

By Katharine Whittemore

 |   

 May 25, 2013

Drive through the Pioneer Valley, and you’ll likely see this royal blue bumper sticker: “Don’t Blame Me … I Bank Locally!” In 2009, at the height of the crash, Florence Savings Bank started handing them out free to customers. The back story: Florence is a village in Northampton, and the bank is the top mortgage lender in Hampshire County. As such, it was quite proud to have made exactly zero subprime mortgage loans, thereby staying out of the hot mess. That’s ALSO how it worked for the other hometown banks out here, and in much of the country; the little guys made better choices.

In this scenario, blame lay with the big banks. And, four years later, we still live in a climate of big-banker hatred. This makes it easy to liken institutions such as Citibank or J.P. Morgan—any of the “too big to fail” crowd — to mean Mr. Potter from “It’s a Wonderful Life.” Humble places like Florence Savings Bank, in contrast, glow like George Bailey.

Nevertheless, we need big banks to propel the national and world economy. So then: Is their vile reputation deserved? And what’s up with banking now? To find out, I checked out “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It” (Princeton University, 2013).  Read entire article. . .

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House Financial Services Committee "Weekend Must Reads" - May 10, 2013 - Friday, May 10, 2013

House Financial Services Blog Post:

 

Weekend Must Reads

 

Posted by on May 10, 2013

 

BloombergTea Party Rant II Awaits Next Homeowner Bailout

On Feb. 19, 2009, CNBC editor Rick Santelli let loose on the floor of the Chicago Mercantile Exchange in response to President Barack Obama’s proposal to subsidize underwater mortgages.

 

Santelli’s famous rant gave birth to the Tea Party. Obama’s proposal gave way to numerous initiatives, known by the catchy acronyms HAMP and HARP (but not HARM), all of which fell short of the administration’s initial goals.

 

UK Telegraph: China may not overtake America this century after all

Doubts are growing about whether China can pass the US to become the world's biggest economy this century amid warnings that the country’s 30-year miracle is nearing exhaustion.

 

Real Clear MarketsThe SEC's Cross Border Regulatory Creep

Last week, the Securities and Exchange Commission proposed its cross-border security-based swaps rule under Dodd-Frank with great fanfare and a unanimous commission vote. Many outside the SEC have deemed the proposal a success, presumably because it is not as bad as the approach taken by the Commodity Futures Trading Commission that has angered regulators the world over. Exceeding the CFTC's low bar is a pretty poor metric for assessing regulatory success.

 

New York PostNo happy ending for the Fed’s stock party

Friends don’t let friends invest drunk.

 

I think that’s an apt warning, considering what’s been going on in the stock markets, which reached all-time highs this week even though the economy is — at best — limping along and may even be deteriorating.

 

CATO: Regulation, Market Structure, and Role of the Credit Rating Agencies

During the financial crisis of 2008, the financial markets would have been better served if the credit rating agency industry had been more competitive.

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2013 U.S. Retail Banking Satisfaction Study - Thursday, April 18, 2013

J.D. Power and Associates Reports:

2013 U.S. Retail Banking Satisfaction Study

Big Banks Make Significant Improvements, Closing the Customer Satisfaction Gap with Regional and Midsize Banks

Date Published: 04/18/2013

Overall Customer Satisfaction with Retail Banks Improves Significantly

WESTLAKE VILLAGE, Calif.: 18 April 2013 -- Overall customer satisfaction with retail banks improves significantly from 2012, largely a result of improvements made by big banks1, according to the J.D. Power and Associates 2013 U.S. Retail Banking Satisfaction StudySM released today. 

Read entire report

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