ABA: Texas Banker Names as New ABA Chairman
Kenneth L. Burgess, Jr. has been elected chairman of the American Bankers Association for the 2017-2018 association year. Burgess is also the chairman of FirstCapital Bank of Texas, a locally owned and managed independent community bank, currently holding more than $1 billion in assets. “Banks of all sizes — no matter how big or how…
CDFI Fund: Public Meeting of CDFI Fund’s Advisory Board to Be Held in D.C. on November 16th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:30 p.m. Eastern Standard Time on Thursday, November 16, 2017. The Advisory Board meeting will be held in the Cash Room at the U.S. Department of the Treasury located at…
ABA: Officers, Board Elected for 2017-2018
Members attending the American Bankers Association’s annual convention in Chicago, have elected new ABA officers and directors to serve on ABA’s board for the 2017–2018 association year. The new officers are: CHAIRMAN: Kenneth L. Burgess, Jr., chairman, FirstCapital Bank of Texas, Midland, Texas; CHAIRMAN-ELECT: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.;…
SBA: Lending Activity for FY17 Shows Consistent Growth
The U.S. Small Business Administration today announced fiscal year 2017 lending numbers showing increasing loan levels in small business lending through the 7(a) and 504 loan programs, as well as increases in lending to women, veterans and emerging communities. SBA approved over 68,000 loans in the 7(a) and 504 loan programs in FY17. These programs provided…
FDIC: Advisory Committee on Economic Inclusion to Meet on October 18th
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 18 to discuss economic inclusion for persons with disabilities, provide updates on efforts to expand access to Safe transaction accounts, present research related to neighborhood access to bank branches, and discuss the results of a 2016 FDIC survey…
OCC: Updated List of Permissible Activities for National Banks and Federal Savings Associations Released
The Office of the Comptroller of the Currency (OCC) today released an updated list of permissible activities for national banks and federal savings associations. The publication titled, Activities Permissible for National Banks and Federal Savings Associations, Cumulative, updates the list of permissible activities to reflect applicable precedent for national banks, streamlines certain entries for readability,…
Census Bureau: Common Pay Patterns and Extra Earnings Brief Released
The U.S. Census Bureau released a new brief on “Common Pay Patterns and Extra Earnings: 2013,” highlighting earnings through different types of payments. These data come from the Survey of Income and Program Participation. This brief examines the different types of pay received during calendar year 2013, including wage and salary, and extra earnings (which…
Federal Reserve: FEDS Notes | Natural Disasters and the Measurement of Industrial Production: Hurricane Harvey, a Case Study
Kimberly Bayard, Ryan Decker, and Charles Gilbert The Federal Reserve’s G.17 release on industrial production (IP) and capacity utilization published on September 15, 2017, included one of the first estimates of the impact on a specific measure of economic activity by Hurricane Harvey, which made landfall in Texas on August 25. As reported in the…
FDIC: 7th Annual Consumer Research Symposium Held in Arlington, Virginia on October 13th
The Federal Deposit Insurance Corporation (FDIC) will sponsor the 7th Annual Consumer Research Symposium on October 13, 2017. The conference will feature welcoming remarks by FDIC Chairman Martin J. Gruenberg, presentations of selected research papers, and a Keynote Address by Dr. Christopher Herbert, Managing Director of the Joint Center for Housing Studies of Harvard University….