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All words and phrases in blue in this newsletter are links to more information!
This week, The Federal Reserve Board announced that it intends to increase the small bank holding company threshold from $150 million to $500 million. IBAT has been recommending an increase for some time, and we are pleased with this move by the Board. The Communities First Act and Congressman Hensarling's Reg Burden Relief bill (HR 3505) include provisions to move the threshold to $1 billion. IBAT will comment positively on the proposal.
| FROM THE LEGAL DEPARTMENT |
 We continue to get questions regarding the Servicemembers Civil Relief Act. The updated Compliance Bulletin on this issue provides very useful information. Please remember that those servicemembers and reservists called to active duty - including domestic disaster relief - are eligible for relief under the Act.
We've started a web page with links to resources to help you deal with banking-related issues resulting from the hurricane.
| LEGAL EASE QUESTION OF THE WEEK |
If a customer does not have a driver's license to verify ID, how else can we satisfy our CIP requirements? To find out the answer, click on the flashing question mark. You can also check out our growing database of other Q&As!
Here is this week's newsletter from The Baker Group. 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.
 Online PAC Auction is Underway!We realize that not everyone can attend the IBAT Convention and participate in the Silent and Live Auctions benefitting the IBAT PAC. The Online Auction was created to let you bid on some of the fun items and trips donated by IBAT members to the PAC Auction. Click here to see the Online Auction items and Happy Bidding! Click here to see some of the items that you can bid on at the IBAT PAC Auction during the IBAT Annual Convention.
 How would you like to leave the IBAT Annual Convention with a 1.064 carat diamond? Click here for details.
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BOOKS TO  OUT |
 The Account Documentation Manual has gone online. It's an essential reference resource to answer questions when opening and administering deposit accounts.
Now your customers can put their own images on their credit cards. With the IBAT endorsed Agent Bank Credit Card Program, you can give your customers something that no other credit card issuer can. Only the IBAT endorsed credit card issuing program offers individual personalized plastics with the unique One of a Card SM feature. Try out a demo here!
Only two weeks to go...but it's still not too late to register. And if you can't attend the convention, you can still participate in the 18th Annual Leadership Classic Golf Tournament. Check out all convention information on our Web site.
Attention BSA/Compliance Officers! IBAT has partnered with FDIC to provide current information relative to Bank Secrecy Act compliance; the USA PATRIOT Act; Anti-Money Laundering and Terrorist Financing. Discussion will encompass Examination Procedures; SARs, Law Enforcement Requests; and Terrorist Financing. Information will be presented by experts in the field. The program will also include a panel discussion, which will offer an opportunity for questions and answers. Seminars are scheduled in Lubbock (October 13), McAllen (October 18) and Tyler (October 20). For more information or to register, click here.
 Here are a few upcoming IBAT events you might not want to miss. For a complete listing, click here.
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IRS Compliance |
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Credit Risk Management Network Program |
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Bank Operations Institute | |
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