Community Banking

Tarullo Hints at Basel III Relief for Smaller Banks

In remarks at yesterday’s Economic Growth and Regulatory Paperwork Reduction Act outreach meeting in Arlington, Va., Federal Reserve Governor Daniel Tarullo pointed to the possibility of changing the Basel III capital calculations and reporting to minimize the burden on highly-capitalized community banks -- as ABA has long advocated.

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Final Highway Bill Includes Modified Fed Dividend Cut

A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.

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Ten Banks Added to ABAQ Index

ABA added ten banks to its Nasdaq Community Bank Index (ABAQ) today. The index now includes 363 community banks with a combined market cap of over $222 billion.

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NHBA Op-Ed Reinforces Call for Reg Relief

New Hampshire Bankers Association President and CEO Christiana Thornton authored an op-ed in the New Hampshire Union Leader yesterday calling for the Senate to pass S. 1484, Sen. Richard Shelby’s regulatory reform bill.

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House Passes ABA-Advocated Portfolio Lending Bill

By a bipartisan 255-174 vote, the House today passed H.R. 1210, which would designate all mortgage loans that institutions originate and hold in portfolio as Qualified Mortgages and thus subject to the safe harbor provisions of the Ability-to-Repay Rule.

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