Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois Community Bankers Association of Illinois
 
     A Bi-Weekly News Bulletin for CBAI Members       June 4, 2008 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Baker Market Update
  • First Quarter Banking Profile Released
  • Housing Downturn Lowers First Quarter Thrift Earnings
  • Register Now for The Community Bankers School (CBS)
  • Record $108.5 Billion Agriculture Exports Forecast for 2008
  • ICBA President Speaks Out about the Farm Credit System
  • 2007 Chicago FRB Annual Report Now OnLine
  • FDIC to Scrutinize Brokered-Deposit Funding
  • FDIC Issues Third Quarter 2008 CRA Examination Schedule
  • Deadline for BKD Award Nominations Nears
  • Mortgage Rates Top 6%
  • Standard Industry Approach Regarding Check-Image File Formats
  • New Book Helps Create Winning Communities
  • New CBAI Program - Advanced Compliance Institute


  • Baker Market Update

    Annualized GDP Grows to 0.9% (Q1), Exports, Dollar Help; Metro Housing Prices Continue to Fall, Worse than Great Depression Decline; Pump Prices Reach New Highs.
    Click here to read more.

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    First Quarter Banking Profile Released

    The FDIC recently released its
    Quarterly Banking Profile for the first quarter of 2008, noting that industry earnings declined 46 percent from a year ago. The Illinois Commercial Bank Performance Summary and the Illinois Savings Institution Performance Summary are also available.

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    Housing Downturn Lowers First Quarter Thrift Earnings

    Washington, D.C. — The Office of Thrift Supervision (OTS)
    reported today that the nation’s thrift industry posted a $617 million loss during the first quarter of 2008 after setting aside record provisions for loan losses expected from the continued downturn in the housing market.

    The loss was an improvement from a net loss of $8.75 billion in the fourth quarter of 2007, but down from net income of $3.61 billion in the first quarter one year ago.

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    Register Now for The Community Bankers School (CBS)

    Consisting of two-one week sessions over a two-year period at Illinois Wesleyan University in Bloomington, the Community Bankers School features a nationally recognized faculty, an updated curriculum, and timely topics. Topics for Class I include compliance, accounting, commercial and consumer lending, bank security, auditing, and investments and technology; Class II focuses on management. The benefits extend beyond the classroom with outside case studies, an invaluable student notebook, and networking with peer, instructors, and senior bankers. For curriculum, faculty, and registration details,
    click here.

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    Record $108.5 Billion Agriculture Exports Forecast for 2008

    U.S. Agriculture Secretary Ed Schafer announced last week an updated quarterly forecast for U.S. agricultural exports - expected to reach a record $108.5 billion for fiscal year 2008. Today's upward revision is a $7.5 billion increase from February's previous record forecast and $26.5 billion above the final 2007 exports. Grains and animal products account for two-thirds of the export gains.
    Full news release.

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    ICBA President Speaks Out about the Farm Credit System

    For complete comments,
    click here.

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    2007 Chicago FRB Annual Report Now OnLine

    The Report examines market disruptions last year and the role financial innovation plays in fostering such descriptions.

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    FDIC to Scrutinize Brokered-Deposit Funding

    FDIC Chairman Sheila Bair said her institution will be taking a closer look at institutions relying heavily on brokered deposits, according to the American Banker newspaper. The agency is adopting the extra regulatory scrutiny following the failure of ANB Financial in Bentonville, Ark., Bair told the newspaper after a speech last week. The $2 billion-asset bank funded $1.6 billion in out-of-state loans with rate-sensitive brokered deposits. Bair's
    speech outlined her government-assisted financing plan to help struggling homeowners refinance into more affordable mortgages.

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    FDIC Issues Third Quarter 2008 CRA Examination Schedule

    The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the third quarter of 2008. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly CRA examination schedule at least 30 days before the beginning of each quarter.
    Full Report.

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    Deadline for BKD Award Nominations Nears

    Does your bank offer a unique product or service? If so, it could be the winner of the 2008 BKD Award. The winner in 2007, Apple River State Bank, spearheaded an effort to erect a new firehouse and community center. Let CBAI know what makes your bank stand apart. Download the
    nomination form and return it to the CBAI Department of Communications before June 23.

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    Mortgage Rates Top 6%

    Rates on 30-year mortgages were pushed above 6 percent amid growing concerns about inflation Freddie Mac said last Thursday. For the full story,
    click here.

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    Standard Industry Approach Regarding Check-Image File Formats

    The CheckImage Collaborative of the Federal Reserve System has announced the creation of a Universal Companion Document (UCD) which establishes a uniform industry approach for populating and validating check image files. For more information,
    click here.

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    New Book Helps Create Winning Communities

    Jim Dittoe, president and community coach for Winning Communities, is one of CBAI’s endorsed providers, and his Certified Winning Communities program has already helped dozens of local communities achieve success through the implementation of action plans for the future. Now, Jim has put together a companion how-to guide to this action planning process with his new book,
    90 Days to a Winning Community: A Guide to Achieving your Community Vision.

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    New CBAI Program - Advanced Compliance Institute

    Scheduled for June 18 & 19 at the CBAI Headquarters in Springfield, the Advanced Compliance Institute is designed for the bank’s experienced compliance personnel who want to upgrade their skills in the detection, diagnosis, and resolution of compliance issues, as well as the ability to influence others to solve compliance problems. Bill Elliott, Bryan Bradley, and William Gaidis from Young & Associates lead this highly interactive program. For an agenda and registration information,
    click here.

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    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 7/15/08

    › Two-for-One Sale

    › Ag Lenders' Conference

    › Customer Service Is Not Customer Loyalty

    › Advanced Compliance Institute

    › Operations, Payments, and Funds Management Boot Camp

    › Branch Managers Workshop

    › Analyzing Cash Flow from Income-Producing or Rental Real Estate

    › The Community Bankers School


    TELEPHONE/WEBCASTS THROUGH 7/15/08

    › Medallion & Signature Guarantee Rules

    › BSA Exam Focus on Electronic Banking

    › Top Ten Compliance Violations

    › Opening Accounts for Limited-Liability Companies

    › Conduct a Risk-Based Compliance Audit

    › Fedline Advantage Monitoring & Control Guidelines

    › Interpreting Economic & Agriculture Indicators in Portfolio Management

    › Opening Personal Accounts


    OTHER EVENTS


    › BKD Award Nominations Deadline, 6/23

    › CBAI's 34th Annual Convention:
    "Hometown Heroes," Crowne Plaza Hotel, Springfield 9/11 - 9/13




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