Financial Update (Second Quarter 2005)


Remittances to Mexico Move Faster

Fed Exits Noncash Business

Atlanta Fed President Discusses Business Ethics

Fed Unveils Real-Time ACH Monitoring

Fed Revamps Financial Ed Web Site

Atlanta Fed Publishes 2004 Annual Report

New Nickels Celebrate “Westward Journey”

What Makes Community Banks Unique?

Atlanta Fed Hosts Credit Conference

New Members Join Bank's SBAL Advisory Council

HMDA Data Will Include More Information


Data Bank

Circular Letters



Atlanta Fed Hosts Credit Conference for Community Bank Directors

The Atlanta Fed sponsored a credit conference in March for community bank directors. The program focused on credit-related issues and challenges facing community banking organizations and was intended to help directors better understand the Fed’s examination process and supervisory ratings.

This conference was the third in an ongoing series of training events for community bank directors sponsored by the Community Banking Credit Risk Team, a group within the Atlanta Fed’s Supervision and Regulation Division. Conference topics included

  • Rating asset quality. This session described the nonfinancial factors that go into the examination process, including the quality of credit underwriting, problem loan identification, internal risk ratings, loan policies, and management and board oversight.
  • Commercial, industrial, commercial real estate, acquisition and development, and residential construction lending. These sessions focused on proper loan structure, financial considerations, portfolio concentrations, and guarantor considerations.
  • Internal loan review, best practices, and the role of a chief credit officer. These sessions highlighted effective risk management practices and the importance of accurate and timely management information systems and management reports.
“On the Uniqueness of Community Banks” (Economic Review Q1 2005)

Robert Hawkins, an Atlanta Fed assistant vice president with responsibility for community bank supervision, said bank directors must become better informed about economic conditions, markets and competition, accounting and financial issues, and laws and regulations to properly fulfill their role of bank oversight and strategic direction. The conference encouraged directors to get more involved in the examination process, attend onsite meetings, and not be reluctant to ask questions.