Week of Oct. 10

October 11, 2022

In This Issue…

Bank economists expect credit conditions to weaken
OCC releases bank supervision operation plan
OBA Oktoberfest Golf Tournament set for Oct. 24
OBA education corner …

Bank economists expect credit conditions to weaken

Bank economists expect credit conditions to weaken over the next six months due to mounting economic headwinds, according to the American Bankers Association’s latest Credit Conditions Index released on Monday.

The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee, which is comprised of chief economists from major banking institutions across North America. Readings above 50 indicate that, on net, the economists expect business and household credit conditions to improve, while readings below 50 indicate an expected deterioration.

The fourth quarter 2022 report finds that near-term expectations for credit quality and availability for businesses and consumers alike fell for the third consecutive quarter. Following steady credit market recovery in 2021 and early 2022, the latest readings reflect persistent economic headwinds, most notably inflation and rising interest rates. In response, EAC members downgraded their forecasts for real economic growth in 2022 from 1.6% to -0.1% (Q4/Q4).

OCC releases bank supervision operating plan

The Office of the Comptroller of the Currency released its bank supervision operating plan for fiscal year 2023 (.pdf) last week.

The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies and technology service providers. The OCC staff uses this plan to guide its supervisory priorities, planning, and resource allocations.

Key areas of heightened focus for supervisory strategies in FY 2023:

Strategic and operational planning.
Operational resiliency.
Third parties and related concentrations.
Credit risk management.
Allowances for credit losses.
Interest rate risk.
Liquidity risk management.
Consumer compliance.
Bank Secrecy Act.
Fair lending.
Community Reinvestment Act.
New products and services.
Climate-related financial risks.

OBA Oktoberfest Golf Tournament set for Oct. 24

Show off your golfing skills or simply join your banking peers as a social registrant at the 2022 OBA Oktoberfest Golf Tournament on Oct. 24 at River Oaks Golf Club in Edmond.

The tournament fee is $150 and the registration deadline is Oct. 20. The tournament will begin with registration and lunch. Immediately following the tournament, we will hold an awards ceremony. Sign up now to reserve your spot. We hope to see you on the course!

Not golfing? Join your banking peers as a social attendee for lunch, refreshments and fellowship on the patio. Social attendee registration fee is $50.

Click here to access the registration form. If you are interested in sponsorship opportunities, contact Thi Pham.

Tournament Schedule
10 a.m. — Registration
11 a.m. — Lunch

12 p.m. — Shotgun Start
Immediately Following Golf — Awards

OBA education corner …

Open your windows, autumn weather is here! Unfortunately, our windows here at the OBA offices don’t open, but it doesn’t mean we can’t stand in an open doorway to enjoy the day! But while sniffing the air, don’t forget about upcoming continuing education opportunities available through the OBA, including the following:

Loan Structure, Documentation and Compliance Training: A Comprehensive Approach, Oct. 24, webinar — Attend this proactive webinar and receive a thorough overview of commercial lending requirements from a “loan” structure, documentation, and compliance perspective.
2022 Annual Advanced BSA/AML Compliance Update, Oct. 25-Tulsa; Oct. 26-Oklahoma City — Be sure and register for this timely, one-day AML/BSA program which provides current trends and tools for today’s BSA Officers and BSA team members. This program also assists financial institutions in meeting the annual training requirements by the BSA regulations.
E-Sign For Lending Challenges & Solutions, Oct. 26, webinar — What steps must be followed to be in compliance with e-sign? What steps should be taken to verify the customer’s identity in view of an increased risk of identity theft? This session will explain the intersection of e-sign and cybersecurity while providing valuable tips for educating consumers and identifying fraud.
Bank Directors Technology Symposium, Oct. 27, Oklahoma City — This half-day program is an opportunity for bank directors and the executive team to hear from industry leaders on technology and cybersecurity-related topics.
Work Appearance Dress Codes and Employer’s Liability For Being Out of Fashion, Oct. 28, webinar — An employer had a “bad hair day,” and paid $70,000 for enforcing a discriminatory hair style policy. The EEOC, states and municipalities are passing more laws on employer’s rights to impose restrictive appearance policies. Learn what you can and cannot do in this volatile area.
2022 Fall HR Seminar, Nov. 8, Oklahoma City — Human resources has changed a lot over the
years, especially during the pandemic. With 2023 around the corner, it’s up to HR to predict what will essentially shape the future of work in the upcoming year and define priorities accordingly.
2022 IRA Basic and Advanced Issues, Basics: Nov. 1-Tulsa, Nov. 3-Oklahoma City; Advanced: Nov. 2-Tulsa; Nov. 4-Oklahoma City — What an IRA merry-go-round 2020 was and it’s still spinning into 2021 and 2022!
2022 OBA Operations School, Nov. 14-18, Oklahoma City — The OBA’s Operations School is designed to prepare junior-level officers to mid-level operations managers to manage effectively and efficiently an operations function within a bank.

Finally, just a quick note to mark your calendars as the OBA Convention dates and location have already been set for next year! The 2023 OBA Convention will be held May 8-10 at the Embassy Suites in Norman. More details will be available in the coming months, but go ahead and get notes on your calendar today!