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          the FCSIC pays nothing for it—it is a freebie provided by   book value of the FHLBs’ eligible collateral rose to $2.8 trillion,
          taxpayers.” Ely also noted that the line of credit was originally   an increase of 21 percent from a year prior. Whole loans
          created as a result of the 2008 crisis, despite the fact that, “at   accounted for 61 percent of all eligible collateral pledged to the
          least publicly, none of the FCS banks experienced any difficulty   FHLBs, while other real estate-related collateral accounted for
          in paying maturity in debt obligations.”               29 percent, securities accounted for 8 percent, and community
                                                                 financial institution collateral accounted for 2 percent.
          To read the Farm Credit Watch visit: https://
  To read more visit:
          treasury-line-of-credit-extended-another-year/         ReportDocuments/FHLB-Collateral-Pledged-Report-Dec2017.
          FinCEN Updates BSA FAQs
                                                                 FSOC Emphasizes Role of
          The Financial Crimes Enforcement Network published answers
          to FAQs to provide financial institutions with guidance that will   Regulatory Reform in Driving
          help them with Bank Secrecy Act compliance efforts.  FinCEN   Growth
          said it will periodically update these FAQs.
                                                                 Recalibrating  regulations  is  a  key  part  of  financial  agencies’
          To read the FAQs visit:  role in promoting economic growth, the Financial Stability
          frequently-asked-bank-secrecy-act-bsa-questions        Oversight Council said in its annual report.

          FHLB Advances, Collateral                              “The U.S. financial regulatory system should promote economic
                                                                 growth not just by preventing financial crises that reduce
          Increase                                               growth, but also by minimizing those regulations that increase
                                                                 costs without commensurate benefits,” said FSOC, citing a
          Advances  from  Federal  Home  Loan  Banks  (FHLBs)  during
          2016 increased from the year before by 11 percent to $705   number of actions already taken by FSOC member agencies.
          billion, the Federal Housing Finance Agency said. The total   “Council member agencies should, where possible and without
                                                                 reducing the resilience of the financial system, continue to

             Together, let’s make it happen.

             Lynn Paulson

             Call me at 701.298.7138

             Based in Fargo, N.D., and serving the region

                  Ready to Talk Farming and Financing?

                  With over three decades of lending experience – and being directly involved in farming himself – Lynn understands the
                  complex challenges, cycles and opportunities your farmers and agribusinesses face each season.
                  Bell is committed to ag lending – and that means a commitment to you and the farmers or agribusinesses you work with.
                  Ag participations with Bell help you give your ag customers greater stability from season to season or increase cash flow
                  to their operations.

                                                                                                     Member FDIC

          17233 AD North Dakota Bankers Association 2018_V4.indd   1                                      12/27/17   12:52 PM
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