Print

ACTION ALERT: Urge Congress to Support Meaningful Regulatory Relief

CBAI calls on Illinois community bankers to urge their members of Congress to support meaningful regulatory relief.  The letters ask their elected representatives to cosponsor bills reflecting the Independent Community Bankers of America’s Plan for Prosperity.

The 114th Congress has made early progress in advancing regulatory relief legislation.Your response to this Action Alert provides critical support for Illinois community bankers when they visit our nation’s capital later this month for CBAI’s 33rd Annual Call on Washington. Respond to Action Alert Now!

Print

ACTION ALERT – Urge FHFA to Withdraw Proposed Restrictive FHLB Membership Rules

Earlier this fall, the Federal Housing Finance Agency (“FHFA”) released proposed changes to Federal Home Loan Bank (“FHLB”) membership rules. These proposed changes will have a profound impact on the FHLB System, FHLBanks and FHLB Members, by imposing ongoing requirements that all FHLB Members would need to meet in order to maintain their membership.

These impacts include but are not limited to: increased regulatory burden and difficulties in Member balance sheet management, the stability of the System and its continued reliability as a funding partner particularly in times of economic stress, uncertainty about continuing Member access to liquidity, the future value of FHLBank membership, and the impact on housing and community development throughout the System.

The FHFA has requested comments on its proposed rule by Monday, January 12, 2015. CBAI will be commenting on the proposed rules and encourages CBAI/FHLB- Chicago members to make their voices heard by submitting comment letters to the FHFA by the January 12th deadline.

Sample comment letters have been included for your convenience. The appropriate letter will depend on whether your bank has assets of less than $1.108 billion (letter #1) or assets above $1.108 billion (letter #2); for thrifts the appropriate letter will depend on whether the thrift became a FHLB member before 1-1-1989 (letter #1) or after 1-1-1989 (letter #2).

Please take a few minutes to personalize the attached draft comment letter and submit comments to the FHFA following these instructions.

Please note it is critical to reference the regulatory information number (RIN 2590-AA39). Submit comment letters via the Federal eRulemaking Portal at http://www.regulations.gov. Enter RIN 2590-AA39 in the Search area, and then follow the instructions for submitting comments.

When submitting comment letters to the Federal eRulemaking Portal, please email the comments directly to the FHFA at REGCOMMENTS@FHFA.GOV, including the RIN 2590-AA39 in the subject line of the email. For example - Subject: Name of your institution comments re: RIN2590-AA39. A PDF format is recommended. 

David G. Schroeder
Vice President Federal Governmental Relations

Print

ACTION ALERT – Sign Petition for Call Report Relief

CBAI is calling on all Illinois community bankers to sign an on-line petition to the FFIEC, the FDIC, the OCC and the Federal Reserve to streamline Call Report requirements.

As part of CBAI and ICBA’s efforts to reduce regulatory burden, this petition highlights the increasing length and complexity of the quarterly Call Report. At 80 pages of forms to complete, more than 670 pages of instructions, and another 57 pages of recently proposed instructions to implement the provisions of Basel III, Call Reports represent a significant and increasing regulatory burden.

The petition urges regulators to allow highly rated well capitalized community banks to file short-form Call Reports for the first and third quarters of each year. This meaningful regulatory relief will help community banks devote more of their resources to their customers and communities.

Please also encourage all of your bank directors, officers and employees to devote less than a minute to sign this important on-line petition. Sign the Petition Today.

Thank you very much for supporting this effort.

Print

ACTION ALERT – Sign Petition for Call Report Relief

CBAI is calling on all Illinois community bankers sign an on-line petition to the FFIEC, the FDIC, the OCC and the Federal Reserve to streamline Call Report requirements.

As part of CBAI and ICBA’s efforts to reduce regulatory burden, this petition highlights the increasing length and complexity of the quarterly Call Report. With 80 pages of forms to complete, more than 670 pages of instructions, and another 57 pages recently proposed to implement the provisions of Basel III, Call Reports represent a significant and increasing regulatory burden.

The petition urges regulators to allow highly-rated, well-capitalized community banks to file short-form Call Reports for the first and third quarters of each year. This meaningful regulatory relief will help community banks devote more of their resources to their customers and communities.

Please also encourage all of your bank directors, officers and employees to devote one minute to sign this important on-line petition. Sign the Petition Today!

Thank you very much for supporting this effort.

Print

ACTION ALERT: Sign Petition and Send Letter Opposing Harmful FASB Proposal

October 16, 2013

CBAI is calling on Illinois community bankers to sign a petition and send a letter opposing a harmful Financial Accounting Standards Board (FASB) proposal that would implement a single approach for recognizing credit losses on loans, securities and trade receivables. The proposal would use an “expected loss” model, which would require banks to estimate expected credit losses and recognize the net present value of those losses at origination. It would replace the “incurred loss” model.

FASB’s proposal would require complex modeling and compel banks to recognize losses much earlier than necessary in the credit loss cycle, penalizing community banks for investing in loans and securities. The Office of the Comptroller of the Currency estimates that loan loss reserves on average will increase by 30% to 50% with adoption of the proposal.

The petition urges FASB to re-propose a simpler and more straightforward proposal that would not harm community banks. Community bankers can go online to sign the petition, send in a customizable comment letter to FASB, and access a summary and frequently asked questions on the proposal. Sign the Petition Today!