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| RECENT NEWS |
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FDIC Moratorium on ILC Applications
We received word today from ICBA and the office of Congressman Ruben Hinojosa that the FDIC has instituted a 6 month moratorium on Industrial Loan Company (ILC) applications. (Read the press release) ICBA and IBAT, along with numerous other individuals, banks and trade groups, have both commented and lobbied Congress to preclude Wal-Mart and other commercial entities from entering the banking business through this loophole. We are pleased that the FDIC Board has chosen to allow adequate time to fully review this troubling issue, and appreciate all of you who contacted your respective members of Congress to let them know of your concerns. |
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| WINTER SUMMIT VII |
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It's HOT in Texas...
...but it won't be in South Lake Tahoe in January! Plans are gelling for the IBAT Winter Summit VII, January 28 - 30, 2007. We will again have Texas' leading bank regulators discussing the latest trends, issues and hot buttons. And, back by popular demand, two of Texas' best banking attorneys - Sandy Brown (Bracewell & Giuliani) and Chet Fenimore (Jenkens & Gilchrist) - will share their observations and expertise on a wide variety of banking topics. Great room rates, a fabulous setting, plenty of entertainment options, excellent networking opportunities - and a superb program - have made the Winter Summit a very popular program. Mark your calendars...additional details will be forthcoming soon. |
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| LEGAL EASE QUESTION OF THE WEEK |
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We have customers with multiple accounts with us. Some have activity during the year and some don't. Can we consider ALL of the accounts active?
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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| SOLUTIONS FROM SERVICES |
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It’s that time! Please take this opportunity to participate in the most valuable tool available to Texas community bankers for managing your bank’s largest non-interest expense. It’s the 17th Annual IBAT Community Bank Salary & Compensation Survey! Save over half the cost paid by non-participating banks as well as helping your fellow community bankers. Download the questionnaire or call Jessica Molina at IBAT at 800-749-4228 or e-mail jmolina@ibat.org to receive your copy today! |
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| 32ND ANNUAL CONVENTION |
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October 1-3, 2006
Westin La Cantera Resort, San Antonio
You won't want to miss any of this year's general sessions...designed to both educate and enlighten our convention delegates:
 There's More Than One Right Answer - Renowned photojournalist Dewitt Jones, using his own extraordinary photographs as illustrations, will weave a visual tapestry that will motivate and inspire. Leading the Customer Service Revitalization - Today's imperative for financial institutions? A purposeful, profitable customer experience. Based on the Deluxe Knowledge Exchange Series, this session will help you discover customer desires - and deliver.
Best Practices Banker Panel - Dr. Scott MacDonald will moderate a star-studded cast of Texas community bank CEOs to discuss their success and share their strategies in competing in today's crowded financial services marketplace.
Texas Governor Rick Perry and U.S. Senator Kay Bailey Hutchison have been invited to update us on key business and political issues on the state and national fronts.
Visit us online for more information. And don't forget...August 18 is the early bird registration deadline and cutoff for room reservations.
We'd also like to extend a big THANK YOU to all our sponsors and exhibitors for their generous support! Exhibit space is sold out, but we still have some sponsorship opportunities available. Don't miss this chance to promote your company to potential clients! |
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| BAKER WEEKLY |
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2nd Quarter annualized GDP dropped from 5.6% to 2.5%...crude oil trading around $73.25/bbl in intraday trading...existing home sales falling... Read more in this week's Baker Weekly. 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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ON THE EDUCATION FRONT |
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Advanced Bonds Analysis Summit
September 7, 2006 - Crowne Plaza Dallas near the Galleria
Hotel Deadline - August 23rd
Bond Analytics - A Hands-On approach to effectively utilizing the following tools: Relative Value Analysis, Yield, Average Life, Duration, Convexity, Total Return, OAS. After briefly defining each term, we will use Bloomberg to analyze different types of bonds with different tools to determine which tool works best with each bond type. We will also look at the assumptions each analytic tool uses.
Bloomberg Page Breakdown - Portfolio managers usually see Bloomberg pages from their broker before purchasing a bond so it becomes critical to understand what each page tells us and what assumptions affect the results. We will cover every piece of information on the most common Bloomberg pages such as Security Description, Yield Table, Option Adjusted Spread, GRADE and FFIEC High Risk Security Test.
Recent Regulatory Issues - Issues to be discussed include pronouncements pertaining to options risk and other than temporary impairment.
Active Portfolio Management - Utilizing everything discussed during the workshop, we will analyze sample investment portfolios and determine the strengths and weaknesses of each. We will see how to make relative value decisions between and among various alternatives using the tools and techniques previously discussed. We will then develop a written investment strategy to implement any necessary changes. The session will also focus on the integration of the investment portfolio into the overall Asset/Liability Management structure of the bank.
Bond Types - What are the characteristics of each type of bond including Treasury, Agency, Municipal, Corporate, MBS and CMO. We will discuss the risk/reward relationship of each type and determine which bonds perform best in various interest rate environments. For each sector, we will use Bloomberg to do a detailed pre-purchase analysis on several live bond offerings and determine which one we would buy today.
Who Should Attend: This summit was created for presidents and CFOs who feel they need a review or for assistants who help with the portfolio, but have never had the opportunity to be exposed to bond education. |
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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 events for 2006.
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August 6-11, 2006 - Lubbock |
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August 23, 2006 - Fort Worth |
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August 24-25, 2006 - Arlington |
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August 28, 2006 - Amarillo |
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September 1-4, 2006 - Coeur d'Alene, Idaho |
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September 7, 2006 - Crowne Plaza Dallas near the Galleria |
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October 1-3, 2006 - San Antonio |
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October 8-13, 2006 - Dallas | | |
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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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