Banking in the Ninth District, November 13, 2012
Senior Vice President Ron Feldman hosted a discussion on Banking in the Ninth District at the Minneapolis Fed the evening of November 13, 2012, as part of the Conversations with the Fed series. Some of the event was captured on Twitter.
Tonight at 7PM. Conversations w/ the Fed: Banking in the 9th District. Featuring SVP #RonFeldman. bit.ly/UmnCZj #MFedQandA- Conversations w/ the Fed: Banking in the 9th District - #RonFeldman’s presentation has started. We will be tweeting more than usual.
- #RonFeldman: Banks in the 9th District are traditional community banks and face comprehensive supervision. #MFedQandA
- At the @MinneapolisFed, we supervise banks that are headquartered in the 9th District. #MFedQandA
- Question: How do 9th District banks compare to the rest of the country? #MFedQandA
- #RonFeldman: 9th District similar to other states in middle of the country; in West Coast, e.g., won’t see as many smaller banks. #MFedQandA
- #RonFeldman summarizes banking conditions in the 9th District: assets, profitability, etc. Find more: bit.ly/h6qoxW #MFedQandA
- #RonFeldman: Bank of North Dakota has a unique setup; for more info, see articles by Dave Fettig, e.g. bit.ly/d7jmHw #MFedQandA
- #RonFeldman: Banks make more money by making loans than holding securities. (1/2) #MFedQandA
- #RonFeldman: When banks don’t have as many loans on their balance sheets, they don’t do as well. (2/2) #MFedQandA
- #RonFeldman: 70% of branches in the 9th District are owned by banks headquartered here in the 9th District. #MFedQandA
- #RonFeldman: State bank that chooses not to be member of Federal Reserve System is supervised by FDIC. fdic.gov (1/3) #MFedQandA
- #RonFeldman: National banks are supervised by the Office of the Comptroller of the Currency. occ.gov (2/3) #MFedQandA
- #RonFeldman: State member banks are supervised by the Federal Reserve; joint supervised by the state and the Fed. (3/3) #MFedQandA
- #RonFeldman talks about the discount window. Usually not competitive place for banks to get money; (1/2) #MFedQandA
- #RonFeldman: (2/2) However, during the crisis, it was highly used and many banks came to the discount window/auctions. #MFedQandA
- #RonFeldman: Why does the Fed make loans to banks? To keep money moving so the economy is better off. #MFedQandA
- Question: Does where you register your bank’s charter limit where you can do business? #MFedQandA
- #RonFeldman: There used to be lots of restrictions on where banks can operate. Less the case now. (1/2) #MFedQandA
- #RonFeldman: The banks we supervise tend to not make many loans outside of the area in which they operate, but they can. (2/2) #MFedQandA
- #RonFeldman talks about bank safety and soundness supervision; we rate banks one (excellent) through five (failure). #MFedQandA
- #RonFeldman: If a bank gets a bad rating, Fed will limit what it can do and require it to fix its problems. #MFedQandA
- #RonFeldman was co-author of this year’s Annual Report essay on using financial market data in bank supervision. bit.ly/R2CkEh
- #RonFeldman talks about bank holding companies. Most 9th District banks own just one bank, but a few are large and complex. #MFedQandA
