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Joint Regional Meeting
Webinar Offerings
Industry Insights
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FRANKLIN
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 ww.ibanys.net dedicated to Franklin Club members. 

 

Click the link below.     


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There's knowing what's happening now. 

 

There's knowing what might happen.

And then there's knowing what to do with it. 

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Or contact Preston Carpenter, Sr. VP, FTN Financial: (901) 435-8121
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October 3, 2012

Don't Miss Oct. 18 Regional Meeting: Regulatory, Corporate Governance, Employment Law, Operational Risk Management Updates!

 

Sign up TODAY for IBANYS' October 18 Joint Regional Meeting at the Ramada Geneva Lakefront Hotel in Geneva, New York. We'll hear timely updates on Corporate, Regulatory & Employment Law Issues impacting New York community banks from Cliff Weber & Miriam Schindel of Hinman, Howard & Kattell. . .AND, "Operational Risk Management: A Necessary Evil or Competitive Advantage?" with Bharat Nair of Wolf & Company's WolfPAC. This free program begins with breakfast is at 9:00 a.m. and will also feature updates & roundtable dialogues on key issues, trends and activities. Join New York community bank Presidents/CEOs, Senior officers, Directors, Branch Managers, employees and associate members interested in issues affecting our industry! RSVP by October 8 to Steve Rice or Vicki Miller. 518-436-4648, e-mail vickim@ibanys.net or stever@ibanys.net. (Note: Joint meeting replaces previously scheduled separate meetings of 10/17 in Lancaster & 10/18 in Geneva.

Sign Up Now for IBANYS' October Webinars!

 IBANYS' Upcoming October Webinars include timely sessions on BASEL III, Fee Income Challenges, Safe Deposit Boxes, Troubled Debt Restructuring, Commercial Lending...and much more! New York Community Bankers: Is Your Bank Signed Up? Why not visit IBANYS' Webinar Master Schedule & Registration:  http://financialedinc.com/IBANYSwebinars.html

Government Relations

 

Two Key New York House Races Are Extremely Tight

New York has several congressional elections that are being closely monitored, but two races appear especially competitive.  In the 27th CD in Western NY, incumbent freshman Kathy Hochul (D) faces a strong challenge from former GOP Erie County Executive Chris Collins. In the 24th CD in Central NY, incumbent freshman Ann Marie Buerkle (R) is in a tight battle against former Democratic Congressman Dan Maffei, whom she defeated in 2010.

 

New Siena Poll on Two Open State Senate races

Siena Poll spokesman Steve Greenberg, who recently briefed IBANYS' Annual Convention on New York's 2012 political landscape, released results of two new NYS Senate polls. In the 37th SD (Westchester County), Assemblyman George Latimer (D) and Bob Cohen (R) are in a statistical dead heat. In the 55th SD (Western NY), GOP Assemblyman Sean Hanna is up by eight points over Democratic Monroe County Legislator Ted O'Brien. Both seats are open due to retirements.

 

U.S. Senators Seek Basel Consideration for Community Banks

A bipartisan coalition of 53 U.S. Senators urged financial regulators to consider the impact Basel III capital standards would have on community banks.  IBANYS reminds New York community bankers: Guidelines for drafting a comment letter are available on the ICBA website, where you can also sign its petition asking regulators to exempt community banks from the Basel III proposals.  

 

Senate Bill on Municipal-Advisor Registration Exceptions

Sen. Wicker (R-Miss) introduced a legislation to provide important relief for community banks and their employees from new municipal advisor registration requirements. S. 3620 is identical to H.R. 2827 (Dold, R-Ill), which passed the House last month.

 

Industry Meets with Key Regulators

ICBA met with Federal Reserve Chairman Bernanke, Fed Governor Duke and Deputy Treasury Secretary Wolin on a variety of community bank issues, including Basel III, TAG and pending rulemaking on mortgages, and an extension of FDIC coverage of noninterest bearing accounts. Read More. 

 

FDIC Board Meets October 9

The FDIC board of directors meets next Tuesday, and is expected to provide a Deposit Insurance Fund update, advance regulations on larger institutions and discuss a final rule to implement stress-testing requirements on covered financial institutions with $50 billion in assets. The Board may also consider a final rule to implement the large bank assessment system.

   

Industry Insights

 

Study: Durbin Amendment Benefits Merchants, NOT Consumers

An Electronic Payments Coalition study shows that consumers are paying 1.5 percent more at the checkout because of the "Durbin amendment's" impact on debit card interchange fees. The new study comes on the heels of last month's GAO study's findings that average interchange fees that merchants pay "exempt" community bank issuers to process debit card transactions declined 5 percent since the Durbin Amendment price controls were put in force.

Quarterly Call Report Materials Released - Most Due October 30

Federal banking regulators released call report materials for the Sept. 30 report date. Except for certain institutions with foreign offices, completed call reports are due by Tuesday, Oct. 30. No extensions are granted. The regulators encouraged financial institutions to refer to this quarter's supplemental instructions for additional guidance on certain reporting issues.

 

Pending Home Sales: Lower in August, But Up from a Year Ago

Pending home sales declined during August after a two-year high in July according to the National Association of Realtors. Sales decreased 2.6 percent, but were still up 10.7 percent from the previous year.

   

DID YOU KNOW. . .

The New York State Banking Department was created April 15, 1851, and was the oldest bank regulatory agency in the United States? It existed continuously until Gov. Cuomo and the NYS Legislature consolidated it with the NYS Insurance Department to form the NYS Department of Financial Services, effective October 3, 2011. Its first Superintendent, Benjamin Lawsky, addressed IBANYS' 2012 Annual Convention.

 

IBANYS congratulates Marjorie S. Rovereto, the new President of Hometown Bank of the Hudson Valley in Walden, NY. She headed Ulster Savings Bank from 2006 to 2011, and was the first woman in the bank's history to serve as president and chief executive officer. 
Frank J. Capaldo              
President / CEO
  
Victoria Miller
Director of Administration & Membership

Steve Rice
Director of Government Relations, Policy & Services Development 

William Y. Crowell, III
Legislative Counsel