Baker Market Update: May 26, 2015


We learned [last] week that the largest automotive recall in history will rid the road of millions of government-required, defective airbags. To be fair, the government didn’t require that they be defective, just that cars are required to have them. We also learned that there will not be a recall of monetary policy. At least not in June. Minutes of April’s FOMC  meeting  clearly  reveal  that committee members are disappointed with the economy’s performance and do not possess a sufficient level of confidence to tighten policy just yet.

Day with the Commissioner


The Texas Department of Banking is continuing to support the initiative of the Conference of State Bank Supervisors and the Federal Reserve Bank of St. Louis to research community banking in America. We are holding a one day open forum event for state-chartered banks to discuss general issues affecting community banks and the current survey. Details here.

IBAT Recognized


Last week, the Texas Historical Commission (THC) presented IBAT with a framed montage of photos from the First Lady’s Texas Main Street Tour to celebrate 20 years of sponsorship. Since partnering with the THC for its Texas Main Street program 20 years ago, IBAT has participated in more than 50 visits to Main Street communities as part of the tour with both Mrs. Bush and Mrs. Perry.

Crunch Time


Thursday is a big day for community banks. It marks the first time since the unfortunate passing of Dodd-Frank in 2010 that the United States Senate has taken up any meaningful banking legislation.

Chairman Richard Shelby will lay out his 218-page Financial Regulatory Improvement Act of 2015 for full committee markup. A copy of the bill can be found here.

If you are a community banker, there is much to like about this bill. Some of the more significant regulatory relief items include the following:


Subscribe to RSS - General