A collection of new banking resources from around the internet:
- October 2012 TARP Report to Congress – “By any objective standards, the Troubled Asset Relief Program has worked: it helped stop widespread financial panic, it helped prevent what could have been a devastating collapse of our financial system, and it did so at a cost that is far less than what most people expected at the time the law was passed.” Taxpayers have realized a $22 billion positive return on their investments in banks.
- FDIC Advises Bank to Prepare for Expiration of Unlimited Deposit Insurance – Unlimited insurance for transaction accounts is scheduled to end on December 31, 2012, barring action by Congress or the FDIC. The FDIC has also provided a set of Frequently Asked Questions.
- Federal Reserve Announces 2013 Stress Tests – 19 firms will be expected to complete a Comprehensive Capital Analysis and Review (CCAR) and an additional 11 bank holding companies will complete a Capital Plan Review (CapPR), with all participants having $50 billion or more of total consolidated assets.
- Fed Governor Duke’s Speech on Community Banks – Governor Duke explains why community banks (measured as $10 billion or less in asset size) should be subject to different rules under BASEL III.
- Agencies Expect BASEL III Delay – Bryan Cave will continue to monitor BASEL III developments, particularly as they impact community banks.
- FDIC Announces New Pre-Exam Tool – New electronic tool intended to reduce the size of pre-exam document request lists.
- SEC Announces Agenda for Small Business Forum – This November 14th forum will look at the SEC’s implementation (or lack thereof) of the JOBS Act.
- FDIC Financial Institution Letter on Serving Customers Affected by Hurricane Sandy – The FDIC recognizes that efforts to work with borrowers in the affected communities can be consistent with safe-and-sound banking practices and in the public interest.