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March. 6, 2013
BankNews e-Digest header

The Optimists, the Pessimists and the Pivotal Year

By Kari English, senior editor   

Kari Although all the presidents of the 12 Federal Reserve Banks that have given speeches so far this year expect the economy to grow in 2013, opinions vary on how much. The optimists, for example, predict around 3 percent growth, such as Philadelphia Fed President Charles Plosser and St. Louis Fed President James Bullard. The pessimists expect growth around 2 percent, such as KC Fed President Esther George and Minneapolis Fed President Narayana Kocherlakota. Either way, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, believes 2013 is a pivotal year. Read more>>  

 

Click here to email Kari. 

FDIC-Insured Institutions Earned $34.7 Billion in 2012 Q4; Full-Year Net Income Highest Since 2006  
Sixty percent of all institutions reported improvements in their quarterly net income from a year ago, according to the FDIC. Also, the share of institutions reporting net losses for the quarter fell to 14 percent from 20.2 percent a year earlier. Read more>>
Bank Innovation 

2013

The team of bankers will work to identify policy trends, risks and opportunities, in the changing payments environment and determine the next steps to promote the interests of all stakeholders in the payment system. Read more>>
In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York announced that in the fourth quarter of 2012 outstanding consumer debt increased slightly ($31 billion), breaking the downward trend observed since the fourth quarter of 2008. Read more>>
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BSA Some think that regulatory attention to the BSA has let up over the past couple of years. Think again. With the safety and soundness of the entire industry the focus of news stories every day and well-publicized enforcement actions, the regulators obviously haven't eased up. In fact, recent enforcement actions suggest risk assessments for BSA are still in focus. Click here for more information or to register.
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ICBA Introduces Plan for Prosperity Targeting Excessive Regulatory Burdens
The Plan for Prosperity will promote a regulatory environment in which community banks and thrifts can lend more robustly to local small businesses and residents - helping their communities to grow and thrive. Read more>>

U.S. House Prices Rose 1.4 Percent in Fourth Quarter 2012
"The fourth quarter was another strong one for house prices, as it was the third consecutive quarter where U.S. price growth exceeded 1 percent," said FHFA Principal Economist Andrew Leventis.  Read more>>
Tier 1-Mo. Bank

Consumers' assessment of present day conditions improved in February. Those claiming business conditions are "good" rose to 18.1 percent from 16.1 percent. Read more>>

Legislation introduced by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore., would place a tax on certain trading activities undertaken by banking and financial firms. Read more>>
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