Friday, April 28, 2017

Federal Reserve’s Community Depository Institutions Advisory Council

This is an interesting body formed by the Fed in 2010 which meets twice a year with the Board of Governors to give first-hand input to the Board on the economy, lending conditions, and other issues. The membership is revolving but appear to be composed of officers from lending institutions around the country. The semiannual reports of the body are in the form of minutes of the meeting in question and answer format. The topics include different types of lending, small business, consumer, commercial, etc., economic conditions, and, of course, the effect of regulation. In the most recent report, from April 2017, the lenders request regulatory and examination practices tailored to the sizes of their institutions, because the burden of such practices, as set forth in prior reports, has led to the lenders exiting certain lines of business. The reports I read seemed interesting because they reference specific detailed issues of concern to these lenders.

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