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Community Banking Conference Spotlights Research on Lending

Carl White

After a two-year COVID-19 pandemic pause on in-person participation, this year’s Community Banking Research Conference returned to the St. Louis Fed in September. The annual conference—sponsored by the Federal Reserve, the Conference of State Bank Supervisors (CSBS) and the Federal Deposit Insurance Corp. (FDIC), and hosted by the St. Louis Fed—spotlights emerging research on issues important to the community banking industry and features keynotes by leading community bankers and regulators.

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Fed Adopts Guidelines for Master Account Access to Its Payment Services

Carl White

In the last several years, fintech firms and other novel financial firms have expressed interest in obtaining master accounts and services with the Federal Reserve. After several proposals and rounds of comments from interested parties, the Federal Reserve Board in mid-August finalized guidelines for evaluating nontraditional financial institutions’ requests to be granted master accounts and access to the Fed’s payment services.

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Fed Launches Second Tool to Help Community Banks Meet Accounting Standard

Carl White

In mid-June, the Federal Reserve released the Expected Losses Estimator (ELE), a spreadsheet-based tool designed to help community banks calculate their allowances for credit losses under the new Current Expected Credit Losses (CECL) accounting standard. As with the SCALE tool released last summer, the ELE will assist small and less complex banks in complying with CECL.

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Fed Touts Strong Banking System in Supervision Report

Carl White

U.S. banking conditions remained strong overall in the second half of 2021, with robust capital and liquidity, in addition to improved asset quality. That’s the conclusion of the Federal Reserve Board of Governors, which recently released its latest Supervision and Regulation Report (PDF). The semiannual report covers banking system conditions, as well as regulatory and supervisory developments for the institutions under the Fed’s supervisory umbrella.


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