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QwickViews Articles

Gain industry insights and regulatory guidance from our team and other industry experts.

Banks

Rates are Rising. What's Your Plan?

Shawn O’Brien, President, QwickRate

It came as no surprise that the Federal Reserve announced an interest rate increase on March 15, 2017. News and speculation of rate hikes has been circulating for months. But this latest move adds more certainty to conjecture. The following day Kiplinger Staff Economist David Payne wrote, "The Federal Open Market Committee meeting was significant in that the Fed now appears committed to a path of steady rate hikes. It will probably lift short-term rates by 0.25% two more times in 2017, first at its June 14 meeting and next on either September 20 or December 13."

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A Reiteration from the FDIC Concerning Brokered Deposits

Debbie Walker, Director of Regulatory and Compliance, QwickRate

On January 5, 2015 the FDIC released a Financial Institution Letter (FIL) titled Guidance on Identifying, Accepting and Reporting Brokered Deposits. In a Q&A format, the letter answered recurring queries the FDIC had received about whether certain types of deposits are considered brokered and core deposits. The communication prompted some questions among QwickRate subscribers. We are addressing them here.

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QwickRate Comments: The FDIC Study Report on Brokered and Core Deposits

Shawn O’Brien, President, QwickRate

Even though the FDIC study (mandated by Dodd-Frank) of core and brokered deposits is complete and the results published, there’s still a lot of confusion floating around the industry. This article separates the facts from fiction. It also outlines how the FDIC evaluates deposits that banks obtain from all sources and what those evaluation mean (especially at exam time).

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Clearing up the Confusion: Brokered vs. Non-Brokered Deposits

Debbie Walker, Director of Regulatory and Compliance, QwickRate

Certain situations and circumstances can make deposit classification a difficult task. Get clarification on some of the most common questions we have received on this topic.

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Contingency Funding Plans: Common Misconceptions and How to Avoid Them

Debbie Walker, Director of Regulatory and Compliance, QwickRate

This practical guide of common Contingency Funding Plan misconceptions will help your bank bypass or adjust some trouble areas that may currently exist in your plan.

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CREDIT UNIONS

Creating a Contingency Funding Plan: Common Problems and How to Avoid Them

Debbie Walker, Director of Regulatory and Compliance, QwickRate

Credit unions should reference this article of best practices when preparing their contingency funding plans. The article outlines common problems that may minimize the effectiveness of your contingency funding plan along with our comments and recommendations.

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