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| RETIREMENT RECEPTION FOR BANKING COMMISSIONER |
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IBAT and TBA will host a Farewell Appreciation Reception for Commissioner Randall James on August 14 from 6:00-8:00pm at the Headliners Club in Austin.
If you plan to attend, the deadline to RSVP for the reception is Tuesday, August 12. Please call Kasey Stone at 512.472.8388 or e-mail kasey@texasbankers.com.
Click HERE to see a copy of the invitation. |
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| CONVENTION UPDATE |
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IBAT 34th Annual Convention - "Hometown Heroes"
September 20-23, 2008
Hyatt Regency Lost Pines Resort, Bastrop, TX
Early bird registration and hotel cutoff
is this Friday, August 15! |
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| WELCOME NEW ASSOCIATE MEMBERS |
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| IBAT EDUCATION FOUNDATION |
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Last Call for Benchmarking Financial Literacy Survey 2008
One year ago, Texas bankers collaborated to document the industry's financial literacy outreach. Working with the Texas Department of Banking, the Texas Bankers Foundation and the IBAT Education Foundation, banks were asked to participate in an online survey with various questions about their outreach in financial education.
The 2007 survey was sent to 600 bank CEOs and Presidents with locations in Texas and drew 279 responses. It is our hope that the 2008 survey will draw a larger response, and will reflect a change in how Texas banks prioritize financial education.
Please help us gather this important research in a collaborative manner to create a shared inventory of financial literacy practices in Texas. Click HERE to enter the survey. (This survey will take approximately 8 minutes. It is organized in three easy sections. Please complete the entire survey.)
Because of the collaborative nature of our three organizations and overlapping contact lists, you may receive duplicate copies of the email request as well as a letter from the Texas Department of Banking.
Some banks may have more than one financial literacy champion. We welcome every response. Multiple responses from a single institution will be consolidated to reflect the bank's activities. All responses will be collected into one database. The deadline for completing the survey is August 15.
Many thanks for your assistance as we continue to measure our progress. |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: A question came up about dormant accounts yesterday. Currently, we keep our signature cards on dormant accounts under dual control. Since I am kind of new to deposit compliance, my question was "What is the reasoning for dormant account signature cards being under dual control?" No one was sure of the answer. It is something that has been done for years. We are also beginning to image all of our deposit documents and if dormant account signature cards need to be under dual control how are other banks handling this issue?
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
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| BAKER MARKET UPDATE |
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Last week, the Federal Reserve maintained their target rate of 2% for overnight borrowings…Treasury yields fell on Thursday as the sale of $10 billion of 30Yr Bonds pushed prices up with stronger-than-forecasted demand…the president of the European Central Bank said that eurozone growth in the coming quarters will be “particularly weak” following their decision to maintain overnight rates at 4.25%, which helped the dollar rally from recent lows...the cost of a barrel of crude oil continues to fall. Read more in this edition of the Baker Market Update.
Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
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| SOLUTIONS FROM SERVICES |
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Never Too Early and Never Too Late
AccuSource Solutions is known for its Comprehensive 5-Star Award Winning Expense Management Program which allows community bankers to:
 Save Money and
Reclaim Bank Resources
Now you can depend on them for products you might overlook!!!
It’s Never Too Early and Never Too Late to order:
Holiday Currency Envelopes
2009 Custom Calendars
We may be in the heat of summer but before you know it the holiday season and year 2009 will be here! Don’t let the clock and calendar fool you…click HERE for more information and start making your selections!
P.S. Holiday Currency Envelope prices will increase 5% effective August 15, 2008…be sure to place your orders soon! |
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| ON THE EDUCATION FRONT |
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Upcoming Compliance Programs
 August 26 - Lubbock August 27 - San Antonio
August 28 - Waco
August 29 - Irving
Who Should Attend: This seminar is designed for all employees who deal with the deposit taking function. Designed to be both a comprehensive introduction of the topics to new deposit employees and a refresher/new developments class for experienced deposit personnel, the class will benefit compliance officers, auditors, cashiers, operations personnel, tellers, customer service representatives and new accounts personnel.
September 10 & 11 - Houston
Who Should Attend: This seminar is designed for all employees who deal with the deposit taking function. Designed to be both a comprehensive introduction of the topics to new deposit employees and a refresher/new developments class for experienced deposit personnel, the class will benefit compliance officers, auditors, cashiers, operations personnel, tellers, customer service representatives and new accounts personnel.
September 25 - Irving
November 5 - San Antonio
Who Should Attend: Everyone involved in the HMDA data collection and reporting process will benefit from this practical program. Loan processors, personnel involved in the collection of HMDA data, those responsible for filing the HMDA report, trainers, compliance officers and auditors will all find this seminar to be worthwhile. |
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COMING SOON |
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For a complete listing of upcoming events, CLICK HERE. Meanwhile, please mark your calendar for some of our key upcoming events.
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August 21 - San Antonio |
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September 4-5, Irving |
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September 21-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
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October 5-10, 2008 - Dallas |
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Sales Culture 201 Summit
November - Dallas |
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November 3-4 - Dallas |
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Financial Literacy Summit
December 2-3 - San Antonio |
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IBAT Winter Summit IX
January 25-27, 2009 - South Lake Tahoe | | |
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Contact IBAT or if you have comments or questions about this newsletter,
email or call Bonnie Kankel at (800) 749-4228. |
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