Saturday, July 20, 2024

Week of July 8

In This Issue…

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 on the road to the Oklahoma Panhandle today! Gregg Weber, with The Bank of Beaver City, gave me the opportunity to speak at his board meeting today, and I quickly took him up on the offer.

Beaver is a little hidden gem of Oklahoma, with its unique cow chip throwing contest and an underrated park just outside of town!

If your bank would like me to come and speak at one of your board meetings, drop me a line … I love visiting different parts of Oklahoma!

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Whether in Oklahoma City or Beaver, I’m really enjoying this spurt of “spring” weather we’ve had this week. I saw on Sunday, the temperatures in the Oklahoma City metro never crested 80 degrees, which marks the first time since 2015 the area has had a sub-80 day in July! Yes, please!

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Some sad news I was relayed just a few minutes ago while writing this: former Oklahoma senator, Jim Inhofe, died.

He was 89. He served in the U.S. House of Representatives from 1986-1994, and the U.S. Senate from ’94 to 2022.

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My Chicago Cubs continue to do nothing to get me excited for the rest of the season. Although they seemed to have righted the ship somewhat from their losing ways, in true Cubbies fashion, they’ve managed no better than a .500 record over the last two weeks.

The wondrous season of 2016 seems so far away right now …

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Financial conditions remain restricted according to Fed report

Financial conditions remain restrictive in mid-2024, according to the Federal Reserve’s semiannual Monetary Policy Report to Congress released on Friday.

The report noted that credit remains “generally available” to households and businesses, albeit at elevated rates, which accounts for depressed financing activity.

“The pace of bank lending to households and businesses increased in the first five months of the year but continues to be somewhat tepid,” the report added.

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Join your banking peers in D.C. this fall!

The OBA’s Annual Washington Visit has been scheduled for Sept. 22-24 and the hotel will be The Mayflower Hotel.

Click here to view the brochure. If you have any questions, contact Megan McGuire at the OBA.

We are still finalizing the detailed schedule but we historically meet with the following: ABA, Federal Reserve, FinCEN, Consumer Financial Protection Bureau, FDIC, OCC, Treasury and the Oklahoma delegation.

Login to register online or submit the registration form available in the brochure.

We had 100 Oklahomans in D.C. in 2023, and we are aiming for even more in 2024!

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OBA education corner …

As Adrian mentioned above, you can’t argue with how nice the weather has been lately! While enjoying a miniature springtime, here’s some upcoming OBA education opportunities you could also think about! Take the following for example:

Finally, just a quick note to mark your calendars as the OBA Convention and OBA Senior Management dates and location have already been set for next year! The 2025 OBA Convention will be held May 12-14, back at the Skirvin Hilton in Oklahoma City. Meanwhile, the 2025 OBA Senior Management Conference will be held on April 6-8 at the Renaissance Esmeralda Resort and Spa in Indian Wells, California. More details will be available in the coming months, but go ahead and get those notes on your calendar today!

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