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Registration Now Underway!
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Check out the New ACB Website!
More industry news.
More education opportunities.
More products and services.
More access to community bank legislation.
More value for your ACB membership.
That's what you'll find on the amazing
new ACB website.
More..... what
ACB is all about.
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The Office of the Comptroller of the Currency (OCC) released an update to the Bank  Accounting Advisory Series (BAAS).
The BAAS covers a variety of topics and promotes consistent application of accounting standards among national banks and federal savings associations.
This update includes recent answers to frequently asked questions from the industry and examiners covering areas such as contingencies, and fair value accounting.
The BAAS does not represent official rules or regulations of the OCC. Rather, it represents the OCC's Office of the Chief Accountant's interpretations of generally accepted accounting principles and regulatory guidance based on the facts and circumstances presented. National banks and federal savings associations that deviate from these stated interpretations may be required to provide justification to the OCC.
The OCC plans to update the BAAS annually.
See update...
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FDIC's Supervisory Insights Summer Edition Focuses on De Novo Formation
The Federal Deposit Insurance Corporation (FDIC) issued "De Novo Banks: Economic  Trends and Supervisory Framework," which appears in the Summer 2016 issue of Supervisory Insights. The article provides an overview of trends in de novo formation; the process by which the FDIC reviews applications for deposit insurance; the supervisory process for de novo institutions; and steps the FDIC is taking to support de novo formations.
"The information provided in this article reflects the FDIC's ongoing efforts to work with, and provide support to, groups interested in organizing a de novo institution," Doreen R. Eberley, director of FDIC's Division of Risk Management Supervision, said. "The entry of new institutions helps to preserve the vitality of the community banking sector, fill important gaps in local banking markets, and provide credit services to underserved communities."
The FDIC continues to support the formation of new financial institutions and welcomes applications for deposit insurance.
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The Federal Reserve Board has launched a Facebook page with the aim of  increasing the accessibility and availability of Federal Reserve Board news and educational content.
Posts will include press releases, speeches, testimony, reports, educational materials, frequently asked questions, photos, and videos.
With the launch of its Facebook page, the Board now shares information on five platforms including Twitter, YouTube, Flickr, and LinkedIn.
The Board's website, www.federalreserve.gov, will remain its primary channel of communication. Selected announcements will be shared on Facebook after they are first posted on the website.
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Why relationships trump mobile apps when banks compete for millennial customers
By Financial Services Team
The stats about Millennials and mobile banking are pretty much what you'd expect:
 these digital natives are huge fans. One recent
banking index shows that "Millennials are three times as likely as Baby Boomers to use their mobile phones to access their accounts." In addition, according to that same data set, "Millennials are more than 2.5 times as likely to have made a mobile payment in the past 30 days via an app than Baby Boomers, and 85% more likely to have done so than Gen Xers."
It may be tempting for banks to draw a simple conclusion from these stats: if you build a terrific mobile app, Millennial accounts will come. But the "if you build it, they will come" strategy represents extremely short-sighted thinking.
While it's true that if the digital/mobile experience your bank offers isn't stellar, you may never get (or you may lose) Millennial customers, technology alone isn't enough. Based on
recent data, Accenture
calls the tech-only approach "naïve at best."
Learn more...
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