Summary: | The FDIC has announced the release of its Winter 2004 issue of Supervisory Insights , a professional journal that promotes the practice of bank supervision. Supervisory Insights is available on the FDIC's Web site at http://www.fdic.gov/regulations/examinations/supervisory/insights/siwin04/index.html . |
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Financial Institution Letter
FIL-134-2004 December 16, 2004 |
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Supervisory Insights
Journal
The Federal Deposit Insurance Corporation (FDIC) has announced the release of its Winter 2004 issue of Supervisory Insights , a professional journal that promotes the practice of bank supervision. Articles featured in this issue describe a number of areas of current supervisory focus at the FDIC. Topics addressed include implications of the growing Latino immigrant market for U.S. banks, supervisory review of economic capital models, guidance on updating a loan policy, the appraiser referral process, and accounting procedures for Mortgage Partnership Finance programs offered through several Federal Home Loan Banks. The FDIC believes that these articles will provide valuable and useful information to insured financial institution management and staff. Supervisory Insights is available on the FDIC's Web site at http://www.fdic.gov/regulations/examinations/supervisory/insights/siwin04/index.html . A feature article in this issue discusses the fact that, despite the significant growth of the Latino immigrant population in recent years, this market remains largely untapped by U.S. banks. "Linking International Remittance Flows to Financial Services: Tapping the Latino Immigrant Market" explores strategies used by some banks to capitalize on remittances - funds transferred to families in their home country - as a way to bring the unbanked into the formal banking system.
The article highlights the programs of the New Alliance Task Force (NATF), an initiative launched in the Midwest by the Mexican government and the FDIC, which includes banks, mortgage companies, community organizations and other regulatory agencies. The NATF has successfully brought Latino immigrants into the financial mainstream by promoting financial education and outreach programs and innovative banking products that serve unbanked immigrants.
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Additional Related Topics:
- Remittances Economic Capital
- Loan Policies
- Appraiser Referral Process
- Mortgage Partnership Finance Programs