in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Community Banks Federal Financial Institutions Examination Council FFIEC Regulatory Burden 2015-09-08 Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Federal Financial Institutions Examination Council (FFIEC) announced on Tuesday the steps regulators are taking to reduce the reporting burden for community banks by streamlining and simplifying the regulatory reporting process.The objectives of the initiative to reduce the regulatory burden on community banks are consistent with the feedback the FFIEC has received as part of the regulatory review conducted under the Economic Growth and Regulatory Paperwork Reduction Act (EGPRRA) of 1996, according to the FFIEC.The federal banking regulatory agencies are seeking comment on proposals they have made to eliminate or revise several data items on Consolidated Reports of Condition and Income (Call Reports) submitted quarterly by banks and savings associations. These reports include data regulators use to monitor each institution’s safety and soundness, performance, and risk profile and to target examination resources and support off-site examinations, according to FFIEC. Credit unions would not be affected by the proposed changes, which would simplify reporting requirements for banks and savings associations.The FFIEC is seeking to find a balance between reporting burden for community banks/savings associations against regulators’ need for reliable data to ensure that those institutions are meeting their communities’ needs and operating in a safe and sound manner.In addition to the proposed changes to the reporting requirements, the FFIEC is focusing on four other areas to reduce the burden for community banks and savings associations:A sooner review (required by law) of the continued appropriateness of the data items collected in the Call Report;Evaluating the feasibility and merits of creating a streamlined version of the quarterly Call Report for community institutions;Identifying additional opportunities to reduce reporting burden by revising or redefining Call Report data items, through continuing dialogue with community institutions;Explaining upcoming reporting changes and clarifying technical reporting requirements to banks and savings associations via teleconferences and webinarsComments on Tuesday’s proposed changes to data reporting requirements for banks and savings associations will be accepted within 60 days of the publication of the proposed changes in the Federal Register. The individual reporting changes are proposed to take effect with the Call Reports for December 2015 or March 2016, according to FFIEC.The FFIEC consists of five regulatory agencies: The Consumer Financial Protection Bureau, the Federal Deposit Insurance Corp., the Federal Reserve, the Office of the Comptroller of the Currency, and the National Credit Union Administration. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Print This Post Home / Daily Dose / Regulators Announce Steps to Reduce Regulatory Burden on Community Banks Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Previous: Goldman Sachs Wins Class Action Lawsuit Filed by Investors Over Toxic MBS Next: DS News Webcast: Wednesday 9/9/2015 Regulators Announce Steps to Reduce Regulatory Burden on Community Banks Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Community Banks Federal Financial Institutions Examination Council FFIEC Regulatory Burden September 8, 2015 949 Views Sign up for DS News Daily Subscribe
About the Artist: With a desire to celebrate the magic of live theater and those who create it, and with a deep reverence for such touchstones as the work of Al Hirschfeld and the wall at Sardi’s, Squigs is happy and grateful to be among those carrying on the traditions where theater and caricature meet. He was born and raised in Oregon, lived in Los Angeles for quite a long time and now calls New York City his home. View Comments Iconic magical duo Penn and Teller are back on Broadway in—you guessed it—Penn & Teller at the Marquis Theatre. The two return to the Great White Way after their first Broadway gig in 1987 and in 1991 with The Refrigerator Tour. To celebrate their latest conjuring, Broadway.com resident artist Justin “Squigs” Roberson” transformed them into the mystical sketch above. In addition to Penn Jillette and one-name-wonder Teller, the portrait features assistant Georgie Bernasek and piano man Mike Jones. You can catch them all at the Marquis Theatre through August 16! Related Shows Penn & Teller Show Closed This production ended its run on Aug. 16, 2015
Seventeen games into the regular season, the Big Ten last-place University of Wisconsin women’s basketball team has dropped their last four games and bears a dismal overall record of 5-12.But with a spate of Big Ten games yet to be played, the Badgers have a decisive opportunity to right the ship and, at the very least, tack on some wins to their conference record of 0-4.Upcoming matchups against some of the most successful Big Ten squads, namely first-place University of Maryland, second-place Ohio State University and third-place University of Michigan, will be pivotal chances for Wisconsin to earn themselves a solid position going into the conference tournament.Women’s basketball: Badgers drop another one, offensive struggles continue against Idaho StateThe University of Wisconsin women’s basketball team was unable to carry their lead into the second half of Tuesday night’s Read…In spite of the long road that remains ahead of them, the Badgers have been unable to turn improvements into physical wins. Under the leadership of first-year head coach Jonathan Tsipis, Wisconsin will now look to avoid falling into the kind of all-out tailspin that saw them close out the 2015-16 season on a 7-game losing streak.At this point in the year, the Badgers have been second to their opponents in virtually every offensive category including scoring and field goal percentage. Rebounding and blocks are the only statistical categories in which they hold the advantage — alarming stats for an offensive team.Marissa Haegele/The Badger HeraldWisconsin’s difficulties throughout the first half of the season have undoubtedly been due in part to losing four starters from last season. Redshirt senior forward Avyanna Young is her team’s lone returning starter and has been the leader in rebounds with an average of 7.5 per contest and a total of 98 throughout her 13 games played. But the Badgers’ need for adjustment has been clear going into the new year.Evidently, filling the scoring void is one of the most pressing needs for this team. Only junior guard Cayla McMorris has joined Young in averaging double figures. McMorris leads Wisconsin with 13.8 points per game despite only reaching the 10-point mark in three of her nine games played last season.Marissa Haegele/The Badger HeraldIf they’re to find their footing soon, the Badgers will look to McMorris to get back to her usual production, as her numbers have dipped in recent matchups with conference foes. With the start of the Big Ten stretch of their schedule, McMorris has only reached double figures once in four games.More importantly, however, Wisconsin will need contributions from more of McMorris’ teammates to stabilize their team scoring, which has been nothing short of erratic.One of the notable bright spots from their loss to Purdue University on Wednesday was a 10-point performance from forward Courtney Fredrickson, one of the six freshmen on Wisconsin’s roster. The same narrative proved to be in place Wednesday, though — the Boilermakers had five players in double figures while the Badgers would only end with two.Women’s basketball: ‘Nowhere but up’ for BadgersThe Wisconsin women’s basketball team will tip off the 2016-17 season with a new face at the helm: former George Read…With so many underclassmen and only three seniors, there is a lot room for improvement for this team. Wisconsin’s potential has already shined through on numerous occasions, featuring a 100-point performance in their second game and a dominant road victory against Illinois State University, in which they turned active defense into offense — holding the Redbirds to 46 points.Even if the Badgers don’t manage to climb their way out of the hole they’ve dug for themselves in the coming weeks, meetings with teams atop the Big Ten and national rankings will be vital tests for the future of this young Wisconsin team.Many uncertainties still await the Badgers, but if they can compete with the likes of Maryland, there is a lot of upside to this young squad.
State Ag Secretary Mike Naig says some of the corn that was flattened by Monday’s storm will bounce back, but it’s anybody’s guess as to what percentage of damaged Iowa crops may be harvested. Grain bins, silos and elevators were damaged as well, so losses extend to the 2019 crop.“Tens of millions of bushels of commercial grain storage and millions of on-farm grain storage was impacted, destroyed or severely damaged,” he says. Naig warns there will be storage issues for the 2020 crop, so farmers may have to truck their corn and soybeans further or resort to on-the-ground outdoor storage.“Certainly there’ll be a lot of effort to repair whatever storage can be repaired and brought back online before fall,” Naig says, “but it’s hard to imagine that any significant amount of the storage that’s been damaged will be able to be rebuilt before harvest this year.” The state climatologist says Monday’s derecho passed through about a third of the state. Naig says localized crop losses in central and east central Iowa fields that were flattened by Monday’s storm will be severe, but it’s too soon to estimate the value of crop losses in those high damage areas. Naig says some livestock barns were damaged, too, but there have not yet been reports that hogs, cattle or poultry were killed in the storm.
“I think we’ll have to see how she comes out of the race. The Breeders’ Cup is always an option. We’d run her in the Distaff. If Beholder decides to run in the Classic, that may make our decision easier, but we’ll have to see how she comes out of the race before we make those decisions.” -30- MARTIN JONES, MY SWEET ADDICTION, SECOND: “She ran her heart out. Mike rode a great race. That’s where she likes to be. He got her very comfortable and she really gave it all she had. She just ran into a champion today. RICHARD MANDELLA, BEHOLDER, WINNER: “It really was pretty much what I had hoped for from her. I hate to say ‘easy,’ but it really did look easy.”Mentioned she went a little wide on the first turn: “Gary didn’t want any trouble. He just kept her in the clear and had a nice workout.”Asked if she would run next in the Breeders’ Cup Classic against males on Oct. 31 at Keeneland: “That would be the plan. Anything can change and nothing’s in stone, but as of now there’s no reason not to think of that.“She needed to run because she had nothing but rest since the Pacific Classic (Aug. 22). She had one good workout, the rest was just rest, so she needed the race or a really good work or several good works. I actually thought with the (high) temperatures, maybe I shouldn’t run. Then I thought, if I scratch her, something else could come up, then everything would be messed up, so I stuck with it and I’m glad I did.”“I’ll spend next week thinking about when to ship her. I don’t know what I’m going to do. I’ll get a feel for it in a couple days and go from there.” Asked if it was fair to ask if Beholder is as good or better than any horse he’s trained: “She’s good. She’s really, really good.” B. WAYNE HUGHES, OWNER, BEHOLDER: “He left something in the tank. Gary told me he never asked her to run today.”Regarding a potential showdown with American Pharoah in the Breeders’ Cup Classic: “My thought is I’d like to see what happens when that takes place. He’s a very good horse. He’s one of a kind. But he’s a colt–that’s his disadvantage (laughing).”When asked if Beholder is better now at age five than she’s ever been: “Richard says he might’ve been holding her back all these years.”Regarding the likelihood of a 6-year-old campaign in 2016: “If she’s sound and everything’s perfect, the answer is yes. We’re having so much fun…how could I ever top this?” TRAINER QUOTES NOTES: Owner B. Wayne Hughes resides in Lexington, Ky. JOCKEY QUOTES GARY STEVENS, BEHOLDER, WINNER: “Richard has a big smile on his face. He told me yesterday, ‘I want to win but by no means do I want to knock her out.’ We couldn’t have scripted it any better. I told him that he might have to tack-walk her in the morning because she pulled up full of it.”“She’s by far the most intelligent animal I’ve ever been around and when I say animal I’m not just talking about horses, she’s so intelligent. She knows what her job is and she enjoys it; she literally loves what she’s doing. She has a great cardiovascular system but that big brain between her ears is what makes her different and special.“The heat was weighing on Richard’s mind and was weighing on my mind the last couple of days. We didn’t want a tough race. First, because the Breeders’ Cup is coming up and it’s going to be the toughest race of her life and with the heat, you’re always wondering how much it’s going to knock them out.“When I pulled her up that’s the first time she’s ever pulled me back to the Winners’ Circle almost like she knew she needed to get off the track but she was that fresh after the race still. It couldn’t have gone any better.“I’m serious when I talk about the job Santa Anita has done, especially handling today. They have a new ventilation system that they put in the saddling enclosure that keeps the air moving with big fans and keeps the air cool. We had a breeze today which has helped and they made the post parades super short which has helped a lot.“I’m not going to make any predictions but I can’t wait to get to Keeneland. I just hope everybody shows up like they did today. I’m excited about the Classic; I think that I’ll probably feel less pressure going into the Classic than what I felt today. Going into today I knew we had to get through this one as easy as possible and it was! Now it’s Richard’s job to keep her the way she is for another month. I was stressed, but more stressed about the weather than anything else. She handled it well.”MIKE SMITH, MY SWEET ADDICTION, SECOND: “I feel like I won (laughing). I wanted to get second … well, the W if we could, but we all knew who was in there, and to run second to that mare is really a good thing. I was just proud of the way she acted today. She just did everything right, but we ran against Beholder. My mare’s talented. I know they’re using this race for a prep and Gary doesn’t want to do too much going into the Breeders’ Cup. So therefore he stayed with me and really carried me along. My mare ran well – she really dug in, and I couldn’t be any prouder of her.”