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Win a box of money!
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Not really.
But send us your best newsletter ideas anyway!
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Advertise in CommuNitY
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IBANYS is launching a new magazine, CommuNitY, and we could not be more excited! Set to debut with a July/August issue, this magazine will reach ALL community banks in New York State, all IBANYS Members, New York State elected officials, other state banking associations, and more!
For more information and ad rates/specs, click here!
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It's that time of year again!
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Convention 2012
Turning Stone Resort September
9, 10, & 11, 2012
IBANYS: On the Grow!
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 The
Franklin Club | |
Contribute $100 or more to the our state PAC, you will become a member of the Franklin Club.
Everyone receives a Franklin Club lapel pin and recognition at IBANYS events. We're also adding a part of www.ibanys.net dedicated to Franklin Club members.
Click the link below.
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Inside IBANYS
July 18, 2012
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Annual Convention 2012: IBANYS: On the Grow!
Have you heard about our Convention 2012 sponsorships? We have so many great things available to sponsor, and they are being snapped up fast this year! We do not want anyone to get left out, so below is the latest update on what is still available. Send in your sponsor forms ASAP before we close out for the year!
All sponsorships include:
* Advanced member registration list
* Interaction with target market
* Recognition on the convention page of IBANYS website
* Sponsor ID ribbon with badge
* Signage with company name and logo at sponsored event, or on sponsored product where applicable.
* Verbal acknowledgement at event where appropriate.
* Signage listing of all convention sponsors (by level)
* Opportunity to provide promotional items for attendees
* Recognition in the September/October editions of the IBANYS e-newsletter.
* Opportunity to bring raffle items for daily giveaways.
Oak Sponsorship
In addition to regular sponsor benefits sponsor receives:
* (1) complimentary booth w/first choice of location
* (1) complimentary additional registration
* Sponsor banner to hang in booth
* Oak Sponsor signage to be displayed at all IBANYS events
* 24 x 36 sponsor sign
Maple Sponsorship
In addition to regular sponsor benefits, sponsor receives:
* (1) complimentary additional registration w/booth purchase
* Sponsor banner to hang in booth-when applicable
* Maple Sponsor signage to be displayed
2012 Convention Sponsorships (available sponsorships are in black):
Oak
- Silent Auction Reception - Monday - Federal Home Loan Bank of New York
- Sunday Evening's Welcome Reception ($7,500)
Maple - Joint Session Sponsor - ($3,000)
- Banquet Dinner Wine -Monday - PNC
- Audio Visual Production Video -Monday - FTN Financial
Elm - Banquet Decor/Centerpiece - Sunday ($1,500)
- Tote Bags (joint Logo w/IBANYS) - Bankers' Bank Northeast
- Door Prizes - Tuesday - M&T Bank
- Golf Tournament Refreshments - Sunday ($1,500)
- Golf Tournament Video - Sunday ($1,500)
- Cigar Bar -Monday - Atlantic Central Bankers Bank
- Women's Gifts - Roosevelt & Cross, Inc.
Birch - Golf Balls - Sunday - Sandler O'Neill & Partners L.P.
- Exclusive Golf Hole Sponsorship ($1,000)
- Closest-to-the-Pin Prizes - Sunday ($1,000)
- Transportation during event ($1,000)
- Exhibit Prizes -Monday/Tuesday - Bankers Healthcare Group
- Refreshment Break -Monday ($1,000) Jamesson Associates (1)
- Refreshment Break - Tuesday ($1,000)
General Sponsorship (Any Level) - General Sponsorship - Amount $ _________
- Run/Walk - NYBDC
- Program Booklet - T.Gschwender
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Government Relations Update
In Albany
IBANYS Urges Governor Cuomo to Sign CDARS Bill
IBANYS sent a letter to Governor Cuomo urging that he sign the legislation (A.8971(Magnarelli)/S.5135(Martins) that would amend the State's General Municipal Law, Finance Law and Public Authorities Law to authorize the State of New York, its local governments and public authorities to use a reciprocal matching deposit taking program to provide additional FDIC deposit insurance as security for their deposits. The legislation, which IBANYS strongly supported, would enable New York banks and municipalities to take advantage of FDIC coverage for their deposits. The alternative is already available in 47 other states. IBANYS' letter noted the legislation would allow New York and its subdivisions to take advantage of the FDIC's requirements for pass-through deposit insurance coverage, and provide an additional investment option for placement of municipal funds. The use of FDIC insurance to collateralize municipal deposits provides a safe and secure option for municipalities to use in maintaining collateral. By authorizing a reciprocal deposits program with other banks, the bill offers an alternative to a bank providing its own collateralization, freeing up those funds to make local loans. The bill was delivered to the Governor July 6. His decision is due by July 18, and it will likely be announced the following day.
Voters Give Gov. Cuomo & Sen. Gillibrand High Marks
The latest Siena Research Poll found Governor Cuomo still enjoyed a three-to-one favorability rating. Respondents gave him virtually the same grade - a solid B (46 percent) on the A to F scale - for his work on the 2012 legislative session as they gave him for the 2011 session. The Governor's favorability rating is 69-22, (little changed from 70-24 in June), while his job approval is at 58-41 (down a hair from 60-40 last month). Meanwhile, Sen. Kirsten Gillibrand had 49-24 percent favorability rating, about the same as her 50-24 percent in June. Respondents are prepared to re-elect her rather than support "someone else" by a margin of 55-28 percent (compared to 54-29 percent in June). Sen. Gillibrand's Republican/Conservative opponent Wendy Long had a 13-11 percent approval rating, up from 9% before she won the GOP primary in June, and she trails Sen. Gillibrand by a margin of 62-25 percent.
In Washington
ICBA, ABA Urge Opposition to Credit Union Power Grab
Expanded Business-Lending Cap Risky, Controversial Among Credit Unions
The Independent Community Bankers of America (ICBA) and the American Bankers Association (ABA) called on all U.S. senators to oppose legislation that would allow tax-exempt credit unions to expand further into business lending. Credit unions are pushing hard to advance the ICBA-opposed Small Business Lending Enhancement Act (S. 2231/H.R. 1418) before the 112th Congress adjourns. The bill would drastically increase the credit unions' lending cap from 12.25 percent to 27.5 percent of total assets. In a joint letter to lawmakers, the associations wrote that legislation to raise the credit union member business lending cap (S. 2231) is counterproductive and controversial even among credit unions."This legislation would benefit a select few credit unions while harming taxpaying community banks," the associations wrote. "Community-based banks are prolific small business lenders and have stood by their customers throughout these difficult economic times. They are helping to expand small business credit as the recovery strengthens and demand returns, and they pay federal, state, and local taxes to support their communities."S. 2231 would more than double congressionally imposed limits on credit union business lending authority, permitting growth-obsessed credit unions to use their tax subsidies to cherry-pick loans that taxpaying community banks would gladly make in their communities. This would reduce federal revenues by favoring tax-subsidized credit unions over taxpaying community banks.Expanding the business-lending authority of tax-exempt credit unions also would increase risks to the financial system. The Government Accountability Office reported in January that failed credit unions had more member business loans as a percentage of assets than others in the industry.Finally, credit unions themselves are concerned about the push to expand their business-lending authority. In April, several credit union executives voiced their opposition to this legislation. They wrote that the failure of several large credit unions was due to excess business lending, that the industry is unprepared for expanded business-lending authority and that a silent majority of credit unions neither wants nor needs S. 2231.ICBA and IBANYS have asked community bankers to urge their members of Congress to oppose the credit union effort to increase their business-lending authority. Community bankers and others also can sign ICBA's petition to stand up in opposition. For more information about ICBA, and to read the joint ICBA/ABA letter, visit www.icba.org.
Transaction Account Guarantee (TAG) Extension Vital
Community bankers have been spreading the word, in the press and to their congressional representatives, that the significant amount of liquidity held in community bank noninterest-bearing transaction accounts makes extending full FDIC coverage essential. Extending the transaction account guarantee (TAG) program beyond its Dec. 31 expiration is important to keep deposits in community banks and promote small-business lending. Community bankers can continue to raise public awareness of this much-needed extension with a custom op-ed on the issue from ICBA. Additionally, ICBA offers a customizable letter to Congress to help community bankers make their voices heard on Capitol Hill.
ICBA Raises Basel III Concerns
ICBA expressed strong concerns with proposed rules to implement Basel III capital standards in a meeting with Federal Reserve officials, warning that proposed risk weights would impose excessive burdens on community banks. Basel III was conceived as an international standard that would apply only to the largest, internationally active banks. However, the proposed rule issued by federal regulators would impose Basel III standards on banks of all sizes-not just on the large and complex financial institutions that caused the recent Wall Street financial crisis. In its meeting with Federal Reserve officials, ICBA provided a variety of recommendations to ease the burden on community banks.
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Small business lending increases with fund
From The Business Review, July 10, 2012
New York banks receiving funds through the Small Business Lending Fund have increased their small business lending by $283.2 million, the U.S. Department of Treasury said.
The fund was established as part of the Small Business Jobs Act signed into law in 2010. The fund encourages community banks to increase their spending in small businesses that want to expand operations and create jobs.
Treasury invested more than $4 billion in 332 institutions in 48 states.
Participating banks in New York State (IBANYS Member Banks highlighted) include :
To read the whole U.S. Treasury report, click here.
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ICBA Bancard offers cards with help from TCM Bank, N.A.
Why do so many folks in your community toss out all the credit card offers they receive?
In many cases, we believe they're waiting to be offered a card from a financial institution they know and trust. Shouldn't your bank provide this personal, local service your customers know they can rely on? You can offer credit cards with attractive pricing and valuable features in partnership with TCM Bank, N.A.
Founded 14 years ago by ICBA Bancard, TCM Bank, N.A. has helped community banks become more competitive by offeringtheir own branded credit cards. Through its Total Card Management Program®, TCM serves as a direct issuer of credit cards for banks who prefer not to issue cards themselves. TCM has been a trusted credit card provider for over 580 agent banks around the country. Some of the benefits to your bank include:
- Consumer and small business credit card programs
- Revenue for new accounts opened plus a share of the interchange
- No responsibility for credit and fraud losses
- No responsibility for underwriting, compliance or account maintenance
- Marketing materials and staff training provided at no cost to you
Already have a program? Why not compare and see the benefits between your current arrangement and our program:
- Exceptional in-house customer service
- Dedicated client services representative for your bank
- TCM Bank is owned by ICBA Bancard so revenue is funneled back into the ICBA to support community banking interest and initiatives
We welcome you to explore our website www.TCMBankNA.com or contact us: TCMBank@icba.org or 888-640-1092.
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Caution Regarding Passing Deposit Insurance Assessment Fees on to Customers
The FDIC has become aware that certain IDIs are charging customers an "FDIC fee" or similarly described fee, apparently to compensate the IDI for some or all of its FDIC deposit insurance assessment costs. In some cases, IDIs have advised customers to contact the FDIC if they have questions about these fees.
In the past, the FDIC has advised IDIs in published advisory opinions that the FDIC does not preclude them from passing deposit insurance costs to depositors with notice that the cost is for that purpose, as long as the cost is calculated accurately and the charge does not exceed the actual cost of insurance for a customer's deposits. These advisory opinions pre-date risk-based pricing and are obsolete; they are withdrawn and superseded by this FIL.
Under Parts 309 and 327 of the FDIC's Rules and Regulations, a depository institution is prohibited from disclosing supervisory or confidential information in connection with the examination and evaluation of the depository institution or the institution's assessment risk assignment. See 12 C.F.R. §§ 309.5(g)(8) and 327.4(d) & (e). IDIs that pass FDIC assessment fees to customers, and identify the fees as such, could indirectly violate this prohibition. In addition, fees labeled as "deposit insurance fees" when they are not reasonably related to the proportional cost of deposit insurance allocable to a particular customer may also mislead customers.
The FDIC also is concerned that labeling a fee as "FDIC" or "deposit insurance" or referring customers to the FDIC for an explanation of the fee may create the impression that the FDIC is requiring institutions to charge its customers the fee. The FDIC does not charge IDI customers for deposit insurance. Thus, it is inaccurate, and therefore misleading, for an IDI to state or imply that a particular fee charged to a customer is required by the FDIC or to refer customers to the FDIC for an explanation of the fee.
Under the Federal Deposit Insurance Act, the FDIC charges IDIs risk-based assessments to cover the costs of providing deposit insurance. How an institution decides to cover these costs, either from general revenues or by passing the costs on to customers through fees, is a business decision of the depository institution. Any fees charged, however, must not reveal confidential supervisory information (e.g., charging a fee that would allow someone to calculate the IDI's supervisory rating or deposit insurance assessment risk assignment) or otherwise mislead or misinform customers regarding the nature of the fee or the IDI's deposit insurance assessment.
For these reasons, the FDIC encourages institutions to review fees charged to customers and to refrain from identifying specific fees as "deposit insurance fees," "FDIC fees," or other similarly described fees and from referring customers to the FDIC for an explanation of the fee. To the extent the institution chooses to charge fees to recoup deposit insurance assessment costs, it should take actions to ensure it adequately addresses the concerns set out in this FIL.
Prior guidance on this subject, including FDIC Advisory Opinions 91-30 (April 17, 1991) and 90-78 (Dec. 24, 1990), is withdrawn and superseded by this FIL.
To find out more, click here.
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Upcoming Webinars
Call Report Preparation: RC-R Risk-Based Capital
Thursday, July 19, 2012
3:00 - 4:30pm ET
Required Compliance Series: Regulatory Compliance for Deposit/Operations Tuesday, July 24, 2012 3:00 - 4:30pm ET
CRA Compliance & FAQs Thursday, July 26, 2012 3:00 - 4:30pm ET
New IRS Rules for Interest Reporting on Nonresident Alien Accounts: Effective with 2013 Tax Year Friday, July 27, 2012 11:00 - 12:30pm ET
Responsibilities of the Board Secretary Including Electronic Board Package Considerations Monday, July 30, 2012 3:00 - 4:30pm ET
Dealing with Record/Document Retention & Destruction Tuesday, July 31, 2012 3:00 - 4:30pm ET
To get more information or to register for any of the IBANYS webinars, click here!
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Frank J. Capaldo
President / CEO
Victoria Miller
Director of Administration & Membership
Erin Clark
Director of Communications, Development & Marketing
Steve Rice
Director of Government Relations, Policy & Services Development
William Y. Crowell, III
Legislative Counsel
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