In the News
ICBA’s Go Local Holiday Message Gaining Momentum
ICBA’s “Go Local for the Holidays” campaign is gaining momentum with local publications across the nation. The Central Valley Business Times in Stockton, Calif., highlights ICBA Chairman Jeff Gerhart’s message: “It’s easy to spread holiday cheer this season.” Also, a Chattanoogan article highlights the launch of the campaign as well as a holiday’s kick-off open house event in Chattanooga, Tenn., where consumers can get started on their local holiday purchases.

The Go Local campaign’s kick-off Facebook post, which aims to bring consumers and small businesses on-board, also garnered significant attention on social media. It encourages shoppers to Go Local this holiday season and do at least 30 percent of their shopping at area small businesses. By doing so, consumers will be supporting small businesses that create local jobs and fuel economies, ultimately helping community banks and local entrepreneurs thrive.

Community banks can participate throughout the holiday season by using marketing resources,  including a customizable press release and op-ed, talking points, sample social media posts, logos and even a badge on the Go Local website.

To learn more about ICBA’s Go Local initiative, visit the blog. To join the conversation, follow @ICBA on Twitter and the hashtag #GoLocal.


Elections
ICBA Well-Positioned to Support Community Banks
A post-election outlook analysis released on Wednesday states that regardless of election outcomes, ICBA has spent considerable time developing positive working relationships with members of Congress on both sides of the aisle, and is well-positioned to advance the public policy objectives of community banks.

The analysis takes an in-depth look at important congressional races and how they may impact the committees that affect the community banking industry, including House Financial Services and Senate Banking committees. Other topics include agenda items for the lame duck session as well as possible priorities once the new 113th Congress is in session.


Publications
Fine Highlights Proposals to Further Address Too-Big-To-Fail
Recognition is growing in Washington that more public policy action is needed to address too-big-to-fail Wall Street financial institutions, ICBA President and CEO Camden Fine writes in this month’s ICBA Independent Banker. Fine outlines legislative proposals that would once again separate the activities of traditional banking and investment banking, including recommendations FDIC Director Thomas Hoenig made while he was president of the Federal Reserve Bank of Kansas City. 

The contemporary proposals mirroring the repealed Glass-Steagall Act separating banking and the securities industries, “would allow for eliminating much of the regulatory overkill for community banks that is driven by the extreme complexity and free-for-all activities of today’s largest Wall Street conglomerates,” Fine wrote. “Most important, it would establish a regulatory framework that, combined with other measures against industry over concentration, would allow all financial institutions to prosper or fail equally based on their own decisions and performance—without any too-big-to-fail exceptions.” Read Fine Points.


Members
Member Renewal Notices Coming Soon
ICBA annual membership renewal notices will be mailed in the next few weeks.  Community banks are encouraged to review the information and take full advantage of all membership benefits.  ICBA looks forward to continuing to work for community bankers in 2013 and thanks its members for their dedication and support.


Economy

Consumer Credit Up 5 Percent in September
Consumer credit advanced at a seasonally adjusted rate of 5 percent in September, the Federal Reserve reported. Revolving credit, such as credit cards, decreased at an annual rate of 1.5 percent. Non-revolving credit was up 6.5 percent.


Holiday Note
ICBA Offices Closed Nov. 12
ICBA offices will be closed Monday in observance of Veterans Day. ICBA NewsWatch Today will resume publishing on Tuesday, Nov. 13.


Poll
Take This Week’s Quick Poll
Take this week’s Quick Poll on the new format of ICBA NewsWatch Today, and view results from the previous poll on residential real estate lending.
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