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JAN. 23, 2013

The Fed's Balance Sheet Unwind: When? How?

Jeff Goble - UMB The normal target size of the Fed's balance sheet has been security holdings well under $1 trillion, usually comprised mostly of Treasuries for maximum liquidity. Today, that balance sheet has more than tripled in size due to its purchases of Treasuries, agencies and mortgage-backed securities as part of the Fed's various QE buying programs. What I worry about going forward into a new year and beyond is how the Fed's record holdings of bonds can eventually be unwound without triggering a sell-off in bond prices. Can it be downsized in an orderly fashion without spooking the markets? Read more>>

The Dallas Fed Releases Report on Ending TBTF

A bold plan to break up financial institutions deemed too big to fail was revealed by Richard W. Fisher, president of the Federal Reserve Bank of Dallas, in remarks last week before the Committee of the Republic in Washington, D.C. The approach of the Dallas Fed neither expands the reach of government nor further handicaps the 99.8 percent of community and regional banks, according to Fisher. Read more>>

BANK INNOVATION 2013

Fiserv Acquires Open Solutions

With the acquisition of Open Solutions, Fiserv will add several new technologies to its offerings, including DNA, an account-processing platform. Fiserv will also add several other key solutions, including the CUnify and TotalPlus account-processing platforms, Weiland Account Analysis for commercial account analysis, tools that enable the creation and sharing of client-developed functionality, and Raddon Financial Group, which offers performance consulting services. Read more>>

Bank Economists See Acceleration After Fiscal Cliff Drag

The fiscal cliff agreement has created headwinds early in 2013, resulting in an economy that will grow slowly in the first half of the year before improving to a moderate pace in the second half, according to the Economic Advisory Committee of the American Bankers Association. Read more>>

CFPB Mortgage Servicing Rule Exempts Small Servicers

The Consumer Financial Protection Bureau has issued rules to establish protections for struggling homeowners facing foreclosure and protections for mortgage borrowers from costly surprises and runarounds. Recognizing that small servicers approach servicing quite differently, however, the CFPB made certain exemptions to the mortgage servicing rules for small servicers that service 5,000 or fewer mortgage loans that they or an affiliate either own or originated.
Read more>>

BEST PRACTICES IN RETAIL FINANCIAL SERVICES

OCC Announces 2013 Community Bank Director Workshop Schedule

The OCC examiner-led workshops provide practical training and guidance to directors of national community banks and federal savings associations to support the health of community-based financial institutions. Read more>>

Staying Up-To-Date with BSA & OFAC: Training for the Frontline

This webinar will provide an update of the BSA and OFAC regulations, as well as a review of the common mistakes bankers make in attempting to comply with the complicated requirements.

Click here for more information or to register.

USDA Finalizes New Microloan Program

Agriculture Secretary Tom Vilsack has announced a new microloan program from the U.S. Department of Agriculture designed to help small and family operations, beginning and socially disadvantaged farmers secure loans under $35,000. Read more>>

Beige Book: Economic Activity Expanded in All Districts

All 12 Federal Reserve Districts characterized the pace of growth as either modest or moderate in the latest edition of the Beige Book. Read more>>

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