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In This Issue…
- Energy activity grows, albeit slower, in Fed’s Tenth District
- OCC releases interest rate statistics report
- OBA Oktoberfest Golf Tournament tees off next week
- OBA education corner …
Energy activity grows, albeit slower, in Fed’s Tenth District
The Federal Reserve Bank of Kansas City released the third quarter Energy Survey last week, which revealed Tenth District energy activity grew solidly, while expectations for future activity eased somewhat.
“Despite the pace of growth slowing slightly, District drilling and business activity remained solid in Q3,” said Chad Wilkerson, Oklahoma City Branch executive and economist. “Firms reported lower growth in profits and revenues but posted the highest level of employment gains in survey history.”
The Kansas City Fed’s quarterly Tenth District Energy Survey provides information on current and expected activity among energy firms in the Tenth District. The survey monitors oil and gas-related firms located and/or headquartered in the Tenth District, with results based on total firm activity. Survey results reveal changes in several indicators of energy activity, including drilling, capital spending, and employment. Firms also indicate projections for oil and gas prices. All results are diffusion indexes – the percentage of firms indicating increases minus the percentage of firms indicating decreases.
Results from past surveys and release dates for future surveys can be found at https://www.kansascityfed.org/surveys/energy-survey.
OCC releases interest rate statistics report
The Office of the Comptroller of the Currency on Monday published its semiannual report on interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations.
The statistics are for informational purposes only, and do not represent OCC-suggested limits or exposures, the agency noted.
OBA Oktoberfest Golf Tournament tees off next week
Show off your golfing skills or simply join your banking peers as a social registrant at the 2022 OBA Oktoberfest Golf Tournament on Monday, Oct. 24, at River Oaks Golf Club in Edmond.
The tournament fee is $150 and the registration deadline is Thursday. 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 …
It’s official: It was cold last night. But while lamenting the end of summer weather (and playing a little Don Henley “Boys of Summer”) don’t forget about upcoming continuing education opportunities available through the OBA, including the following:
- 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.
- 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 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!
- Advanced Commercial Loan Documentation, Nov. 2, webinar — Everything a commercial loan officer should know about the core commercial loan documentation package.
- Lending to Municipalities, Nov. 3, webinar — We will discuss credit services for municipalities and other local government organizations.
- CRE Lending: Cash Flow Analysis & Cap Rates, Nov. 7, webinar — This program covers the key variables and concepts for determining CRE cash flow and transaction-level stress-testing.
- 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.
- 2022 Risk Management Seminar, Nov. 29, Oklahoma City — Session is geared to a wide audience of: new risk managers who have been promoted from within, existing risk managers who want to sharpen their skills to become a CRO and seasoned CROs who need to expand their knowledge base to include operational risk or market risk.