In This Issue…
- From Adrian’s desk …
- FDIC amends Risk Management Manual
- Fed survey shows lending standards tightening
- OBA TikTok Time …
- OBA education corner …
From Adrian’s desk …
By Adrian Beverage
OBA President & CEO
Just some random tidbits that might be of interest to our bankers this week!
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I’m in Washington, D.C., today, where Mason Bolay, with First Bank & Trust, Co., in Perry, testified before the U.S. House Ways and Means Committee. I accompanied Mason to the Hill where he talked about ESG regulations and explained to committee members some of their impacts on the banking industry. Mason did an exemplary job representing our industry! You can click here to watch the entire committee meeting.
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On the way to Washington, I thought it was neat we ran into a quintet of representatives making their way to the nation’s capital themselves. Mason and I stopped for lunch at Freddy’s at the airport in Oklahoma City as we awaited our flight out when we noticed the group made up of Frank Lucas (R-Okla.), Stephanie Bice (R-Okla.), Kevin Hern (R-Okla.) and Glenn Thompson (R-Penn.).
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Before I go into my usual thoughts on my Nebraska Cornhuskers, I read a really interesting story via the ABA Bank Marketing division. It’s apropos to the Cornhuskers … and Sooners and Cowboys and Golden Hurricane. It’s tips for how banks can win with student-athletes in the NIL era, which is something that represents an opportunity for Oklahoma banks.
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OK, NOW to the subject of the Cornhuskers. Man, just when it looks like things are looking up, an anvil falls out of the sky. Michigan State ended Nebraska’s three-game winning streak this past weekend, and keeps my boys still a win short of bowl eligibility. Michigan State came into the game with a bad 2-6 record, so I really felt this game would be the one to push us over the top. Now, Nebraska must beat one of either Maryland, Wisconsin or Iowa to make a bowl, and all three of those squads have winning records. Buckle up!
FDIC amends Risk Management Manual
The FDIC has amended its Risk Management Manual of Examination Policies to update and clarify instructions on uninsured deposit and commercial real estate concentrations, found in section 16.1.
The manual provides FDIC examiners information relating to examination activities and supervisory practices.
Fed survey shows lending standards tightening
The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices, released by the Federal Reserve this month, addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2023.
Regarding loans to businesses, survey respondents, on balance, reported tighter standards and weaker demand for commercial and industrial loans to firms of all sizes over the third quarter. Furthermore, banks reported tighter standards and weaker demand for all commercial real estate loan categories.
OBA TikTok Time …
Welcome to the continuation of our new, semi-regular feature in the OBA Update: OBA TikTok Time!
The OBA created a TikTok account to feature fun, entertaining little video segments that feature our bankers and those who work with them. No, you don’t have a TikTok account to view these short videos as you can navigate directly there just by using the link we provide here in the OBA Update. For those concerned about security via TikTok, you can also easily view the videos through our Instagram account.
We’ll feature our most recent TikToks each week in the TikTok Time of the OBA Update. This week, for our third edition, we stopped in at the opening session of the 2023-24 OBA Emerging Leaders Academy on Thursday to toss around a “breaking the ice” beach ball! What questions did some attendees get, and how did they answer?
OBA education corner …
It’s cold, it’s warm, it’s cool, its hot. Yep, we live in Oklahoma. Reminds me of an old 90s country music song from a singer who is sorely overlooked when discussing the big names of the era. So, while you try to figure out if to bundle up or not, or before you go down that country music hole to discover more from Ms. Bogguss take the time to check out our upcoming continuing education opportunities!
- Commercial Loan Documentation: Ensuring Collateral Attachment and Perfection, Nov. 13, webinar — The purpose of this two-hour webinar is to provide participants with a good understanding of the loan documentation process. Participants will be exposed to the five steps in the loan documentation process.
- Understanding the Role of the Notary Public, Nov. 15, webinar — The webinar provides attendees with the do’s and don’ts of being a Notary Public.
- Marketing and Advertising Compliance All-Day Streaming, Nov. 16, webinar — In this day and age of UDAP/UDAAP, it’s clear that how you say what you say in your advertisements is just as important as what you say.
- Outsourced Third-Party Relationship Management: Developing a Compliant Program, Nov. 21, webinar — This comprehensive guidance is intended to assist in identifying and managing risks associated with third-party relationships and in complying with applicable laws and regulations.