April 26, 2023

As you probably know, Esther George, President of the Federal Reserve Bank of Kansas City, has retired after 40 years of service with the Federal Reserve. We thought it appropriate to include her farewell in this edition of the New Mexico Bankers Digest. When Congress created the Federal Reserve more than a century ago, it […]

On the evening of February 3, 2023, residents situated around the Ohio-Pennsylvania border were settled in for a typical chilly Winter night, completely unaware that their lives and surroundings would be changed permanently in a matter of minutes. On that evening, in the small town of East Palestine, Ohio, only several miles from the Pennsylvania

The early 2000s are remerging with their crop tops, low-rise jeans, flip phones, and mortgage buydowns. Deja-vu! Pre-crisis teaser rates have been reborn into mortgage buydowns, both temporary and permanent. With the housing markets remaining pricey and rates still higher than they have been in years, many buyers are looking for assistance in any form.

U.S. banks grappled with a number of challenges last year, from inflation and rapidly rising interest rates to the collapse in crypto to the Russia-Ukraine conflict. Despite these headwinds, most institutions appear well-positioned to whether the economic downturn many believe is coming. However, regulatory concerns persist — about systemic risks, consumer protections, cybersecurity, financial inclusion, and

Measuring capital value can sometimes be challenged by the type of scale that is used. Take the tangible capital rule that determines if a bank qualifies for Federal Home Loan Bank (FHLB) advances. Created in 1932, the FHLB system promotes its role as a source of liquidity to banks, particularly during times of economic stress.

For community banks seeking to remain competitive in today’s crowded financial services marketplace, innovation is imperative. A relationship with a core provider can make or break an institution’s innovation goals, and for too many community banks, legacy core technologies are holding them back. This is a critical challenge that ABA set out to solve through

The 2023 Legislature adjourned at noon on Saturday, March 18, having considered 550 House bills, 537 Senate bills, 30 Constitutional amendments, and 178 memorials during the 60-day session. The Legislature passed a total of 246 bills, plus memorials and resolutions — a considerably higher number than in the last 60-day session in 2022, but fewer

Prior to March 10, 2023, many of us were not aware of Silicon Valley Bank (SVB) or, for that matter, Signature Bank, New York. But, thanks to high-profile events involving both banks, now we are. Every day since that fateful day, I was inundated with e-mails, texts, news articles, and memos concerning the failures of