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ICBA Seeking Service Award Nominations
ICBA is seeking nominations for the 2014 National Community Bank Service Awards. The awards recognize community banks and their employees that have gone above and beyond to improve their communities through their commitment of time and resources.

ICBA encourages community banks with community service or volunteer programs to go to www.icba.org/awards to nominate their bank. Entrants should describe how their programs positively affect their local communities. Entry is free for all community banks, and multiple entries are encouraged.

The Grand National Award recipient will receive $2,000 to use toward future community service efforts, and two National Award recipients each will receive $1,000 for their programs. Additionally, award recipients will be recognized in the September edition of Independent Banker magazine. Nominate Your Bank Today.

Call Report
ICBA Seeking Survey Feedback on Call Report Burden
ICBA is asking community bankers to complete a survey on the burden of quarterly call report filings. The association is asking participants to be as precise as possible with their answers so the survey results will provide an accurate picture of the call report burden.

Access to real data is essential in ICBA’s ongoing battle to reduce regulatory burden for community banks. Without real data, Congress and regulators are reluctant to change the status quo. Take the Survey.

Wall Street
Fed Launches New Supervisory Framework for Largest Institutions
The Federal Reserve released a list of 15 large financial institutions that warrant additional oversight from a new supervisory framework. The agency said the institutions, which include Bank of America, Citigroup and JPMorgan Chase, may pose elevated risks to U.S. financial stability.

The institutions will be subject to supervision under the Large Institution Supervision Coordinating Committee framework. The LISCC is a Federal Reserve System-wide committee, chaired by the director of the board's division of banking supervision and regulation.

The Federal Reserve said this approach to the supervision of systemically important financial institutions fosters rigorous supervision of individual firms while formalizing the use of horizontal reviews and analyses of activities and risks across the portfolio.

The list of firms in the LISCC portfolio may be modified based on a review of the systemic importance of financial institutions doing business in the United States, the agency said.

ICBA NewsWatch Today is sponsored by QR Lending:
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Key Congressional Hearings Focus on Jobs, Financial System
While the Senate Banking Committee continues negotiating legislation to reform the housing-finance system, the panel’s subcommittee on economic policy is slated to meet for a hearing on job creation. The subcommittee meets at 2:30 p.m. (Eastern time) this Wednesday.

Also this week, the House Financial Services Committee holds a hearing with testimony from Treasury Secretary Jack Lew. The hearing, slated for 10 a.m. Thursday, will focus on the state of the international financial system.

Employers Adds 288K Jobs in April
Total nonfarm payroll employment rose by 288,000 jobs in April, the Labor Department reported. The unemployment rate fell by 0.4 percentage point to 6.3 percent. Employment gains were led by professional and business services, retail trade, food services and drinking places, and construction, the department said.

Take This Week’s Quick Poll
Take this week’s Quick Poll on tiered regulation, and view results from the previous poll on meeting with Congress.
View the Archive.

ICBA Webinar: Winning Affluent Millennials the Secret to Growth
Affluent millennials, age 18 to 36, deliver the greatest lifetime value of any generation in banking today. The challenge for community banks is that millennials communicate, think and bank differently than previous generations. In fact, what worked five years ago at your bank can be a complete turnoff to millennials today.

In an exclusive, one-time-only webinar, Jason Dorsey will share how to attract, communicate with and retain affluent millennials. Dorsey, the Gen Y keynote speaker from ICBA’s 2014 convention, will share step-by-step actions community banks can use with their websites, social media, locations and in person. The actions can be implemented to drive results within 30 days. Register Today.

Products and Services
Webinar: CEO Guide for Cutting Compliance Costs
Continuity Control, ICBA’s new Preferred Service Provider, is hosting a free webinar on Wednesday titled “A CEO’s Practical Guide of Tactics to Cut Compliance Costs.” While many bank executives feel there is little they can do about the cost of compliance, this webinar will dispel that myth and discuss why it is the CEO who needs to drive initiatives to reduce these costs.

Attendees will learn practical tactics and strategies that can be deployed over the next three to four months to significantly cut compliance costs. The webinar will quantify the dollars that community banks can save and demonstrate how that can improve performance. Register Online.

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