08/ 20/ 92 13:33 SENRTOR DOLE SH-141 ~ WICHITR
SENT av:xerox T&lecopier 7021 ; a-20-82 :12:ooPM ' ; •
. 8IDIQll POitP are••,ar.s - apqpu ai-aa, 11,a u1ctay, 11arnaet .af a;,s AN
9:25 AM
t:30 AM
:tv. Omni Bo\lston Hotel
DIUVB !%NJ:: 40 11.inut••
b. Bobby Aiz:port Coa•t•l Aviation Department 8421 lfelma l.aad 713/877-6760
Lv, BOu•ton
r :t M A L CON'l'ACT:
N0.743 GJ02 ,:vio:~40~0, ttJ :.::
.:ro-Anna Coe ,13/737-8004 713/137-8009 (•AX)
AIP.CRU'l'; coaat.al Coa:p. Sab.relin•r 'IAI:L HO. : N ,oa cc
11:15 AM
ID.TS: t aoatortably
PILOT: Ma:rJc Aasaid. CO-PILOT : 1>an Da:w:oee
l't,ZGH'l' TIME: 1 hz 45 11.inutee
NAH?l'SST: Sanato~ Dole Nike Glaa•ne~ DavicS Speara Clai:-kaon Rine .,. ..... Chung
CONTACT: %,uoy Ba.:rzta 71S/87'7-6,60 (0) '713/al0-8489 (B) 113/8,7-7260 (rAX)
Ar. Wichita, Jtaua• Nidoontinent Airpoz,t united. Beecheraft South 311/941-4350
MIIT ay: Catb¥ ¥agez
oa1vm T?Mm: . 20-30 minute•
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 1 of 60
08/ 20/ 92 13:33 SENATOR DOLE SH-141, WICHITA N0.743 [;103 . SENT sv:xerox Telecopier 7021 ; 8-20-92 ;12:ooPM ; 7378009-+ 2022248952;# 3
rrl.day, Auqwl\ 21 (qqpiiiQMd) ;
11:40 AN
11:,o AN
11:40 .uc-12:.50 1'11
12t50 PN
1:10 PM 1:1S PN-1:,s ...
mn: JU.zeraft will npoaitioza to t7a!)ara A.izport, 11:1.dwe•t Coa'po&'at• Adati.on 316/S36-t700
A:r. lfiohita Clw:, ICanaaa State .. nk SUJ.ld.t.nq 316/21!-5271
P:a:ocaad to West Room
A'nl:HD ruNDD.lSIKG LtJKCJll10M l'oa ULl:lf 8Pl:C'l'D (mven~ rune ii:30-1iOO)
B08"T: Bob Galman lane•• Truck Zquipaant
CJl()'tll) s:z: Ill : 40 '1'ICDT Pl.:CCZ: Mixed
(Soma at $1,000; soma at $125)
ANTICIPATBD Pll.OCDl)I: •1a-•1a,ooo PROGRAM: SDAtOJ\ DOL1I UIABI Md
Introduce Senator lpeot.•r Sana.tel' lpeote~ - Rama~ka
cow.rAC'l': cany LaoJuu.n a1,1s,,-1,92 Houatcn: 713/,43-2310, Im. 1023 Wichita ('l'hur•daY avening):
Jlt/!22-1800 (Comfoi:t tnn)
Lv. Wichita Club
DJ\IVB TIKI!: 20 minut•a
A:t. Ai:port Hilton - Amphithaate.r
SPil.Alt - community Banker• Aasoc. 14th Annual Convention JU.rpo.rt Bilton - Amphitheater 3167945-&2'72
Mm'.f BY: gean rowler, CBI. Jna1clallt, and Chaia.an o~ the Boa.rd, :aank o~ Burling ...
roiuai:r: Podium with mike
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 2 of 60
08/ 20/ 92 13:34 SENRTOR DOLE SH-141 ~ WI CHITR N0.743 GJ04 SENT ey:xerox Teleeopier 7021 : 8-20-92 :12:01PM ; 7376009 ... ,U2224ijldt):c! ili 4
ut.cJax, AWNftr a, 1qgnt;i.pgecl) ;
IIA!IMG: Theate~ atyl•
A'l''IDD»ICB: 350
1:45 Pie
2:0:S PM 3:1!5 PM
3:1S PM
:Uff P.01)UCZO BY ;
COMAC'I: sue And.a~aon 913/271-1,0,
Lv. Airpo.rt R1l~on aft rout.a l'he Coleman company - Wo~~••t raoility 2111 •••t 37th st. Nortb 31S/211-3•85
Datvm '?INI: 20 minute•
Pra11entat1on of President'• "11:-Sta&' Award .. The Coleman Company
COlffAC'l': Charlais Mcilwaine 316/261-3tl5
PaoGPNI
2: 00 N - Wolcome and Int:r:oduation o~ D1atin;u1abac1 Gueeta BOB UlfG -- •~••· I ell. OpQr. Ofer.
2:03 PM - aaaa:k• - Betsy Gwin, Cha1.rman, Sedgwick Co. coaau.aeion
2:01 l'M - aemark• - John ~Pf•~ D1r•ctox, K.C. Cletriot o~fice US ro~gn Commaroial Servia••, USC.pt. of Coana%ca
:Z:13 PM - PRIID'!ATJ:Oll AND UNUU -IDA.'l'OJl DOLZ
rollowlng sema~k• i,y Senator ~o1e, appeoximat•ly S minute aoo.ptano• by lMI.Y ti70DS, Cbai.zman and CKO, '1'b4t Coleman Company
Baluaa of tiM ! V%P twr of -.nufactu.rin; ~aei1ity and re~&11al\llant.•
Lv. Coleman Company
CIUW ~J:D: 1S ainut.ea
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 3 of 60
08/ 20/ 92 13:34 SENATOR DOLE SH-141 ~ WICHITA N0.743 GJ05
SENT Bv:xerox Telecopier 7021 ; 8-20-92 :i2:01PM ; 7376009-+ 2022248952:# 5
3:SO PK
3:35 PN
4:00 NC
4:00 PN-4:l!S PM
4:30 PM
t:SO PN-5:SO RI
M. JaJ:lara Airport Nidvaat Co%p0rat• Aviation 31C/S36-9700
:Lv. Wichita
1'%,Xmff 'lIMlll: 2.5 minutes
A.I'. Ponca City, Oklahoma Qreenwood Ban9a: 40!/'712-2510
IGIT BY: Ch•ryl l'letcber state Director, Senator Nickl••
a:>TII: Senator Dol.• baa ut c:bezyl previously.
PRESS CONl'UDCII Qnanwood llan;ar ,05/712-2510
1'0'fa: Senato~ Nickl•• may or may not join in the ,~••• con!erenoe. Lv. Ponca City Airport
DI\JW 'l'INI: 15 minutes
Ar. Reeidanca of J:.az,zy and Vil'qin1a ltllplienaon 150! Autumn (Mi:. ltephen•on 1• p.rom.inent local banker) C05/7S2-7114
AT'l'mND rtnmllISl:HG JIVD"! l'Oll DON NIC!CLZI (Jtvut run• to 6: 00 PK) C&aual At.tin lndoo:-0\\t.door :a:vent
CROWD 8Ilm: 1~0
TlCUT PlUCII: $250 .for ho•t.• (30) $100/oouple general ad&iasion
:romair: ltanclinq m.ke in J,ackyaid PNl81: CLOSJ:D
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 4 of 60
08/ 20/ 92 13: 34 SENATOR DOLE SH-141 --> l,J I CH I rn N0.743 [;106
S~NT sv:xerox Telecopier 7021 ; a-20-92 :12:02PM ; 7376001:1 ... li!Uli!l4'4tHf~:C i~ o
IIMIAYi IPeVft 81 lqggt1nPtdlt PROQUM.:
5:45 N
6:00 PM
6:0-' PM
6:30 tH
6:ao n
6:SO PN-8;00 PM
5;18 PM - Sen. H1okles intzoduce• Sen. le
5; 20 PH - ·UMUU - SZD'l'OI\ DOLi:
LY, Stephenson zeaidanc•
a:c. Ponca Cit~ Aizport GJ:eanwood. 11&1\ga.r 40.5/'767-0429
Lv. Ponca City
DHlrl:8!: Senator Dol• Senator Hiotlea Z.inda Kiokl•• Mika alaaana~ cia:a:kaon Hine
rl,:tGK'T TIMI: 30 min\1tee
Ar, Oklahoma City W1ll B.oqera A!.i:post All Oklahoma 405/681-SOOO
Ml'l' aY: Kika Osbo~n Law •tudant/~orme~ Miokl•• inte.rn
DIUV'a 'f%ME: 15 mi.nut••
Ax. Cowl)Oy Ball of rame 409/,78-2250
AT'DlHD l'U1!IDM.ISD J'Oa SZNA.'l'OR. NICKLJ:$ (zvmt'l.' lWNS 6:30-8:00)
DUii: Weatai:n Ca•ual
C110WD SJ:D: 250 T:tC~ PUcm: $2SO ro:r hOate (50-60)
$100/oouple for othfl~•
•ae>Qa.MI:
6:30 PK 7;00 PK 7:30 PN 7:35 PK
P1'oto op/reception - 1,.osts only Ba%~eoue 1~~•• form s•n. Kicklea int~odua•• San. Dole UIWUC8 - lllDTOll DOLi:
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 5 of 60
08/20/ 92 13:35 SENATOR DOLE SH-141 ~ WICHITA
SENT sv:xerox Telecopier 7021 i e-20-92 ;12:02PM :
PAR 8%X
rrisJIY, Augy& a, (conti.pyl5l):
8:00 PH
8:25 ftl
8:30 PM
9:15 PK
9:30 PH
CON'!AC'l': Chaz:yl l'l•tcshtu: 40&/'71'7-1270 40!/7C!-31S7 (FAX)
Lv. Cowboy Ball. of l'ama
~. All Oltl.a'bOma ,os/681-3000
~v. Oklahoaa City
rLIGBT TIIG s 45 min'Llt••
NAN:tn&'f: Senato.r cole S•nat.or Wickl.•• N!.lr.e Glaaan•~ Clarkaon IU.ne !'Ziff: c11••0= 1trau••
. NY 1H ... •
Ar. ao~ra, Arkan••• .. aver :Lake Aviation 501/636-;9400
111'1' BY: C\\Ri• Coleman, Caapaign ~gex, Nik• Huckab•• for Sana~•
DaIVB T:CNZ; 15 m.inutaa
Ar. Bantonvil.le, A.r:kanaa•
1'014': Jamada :um 1209 N~ Walton Blvd. Bentonville 501/273-2451
kt;Ju;dax, MSIMt 22
8;30 »c
8:4! AM
LV. IIIHda Inn, .. nt.onvill.e
muw TIMI: 15 minute•
b. Bella Vista Countq Club 50:l./8~5-1110
N0.743 [;107 i:!Uai:!41lt:Hli: 1jj; I
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 6 of 60
08/ 20/ 92 13:35 SENATOR DOLE SH-141 ~ WICHITA SENT ay:xerox Telecopier 7021 ; e-20-92 :12:02PM: 7378009 ..
&at;md&y, :MOMt 22 CantUJm> ; 8:45 AM-9:30 AN
9:52 .All
10:00 AN-10:15 AK
10:15 AM
10t16 AK
10:17 AK
11:02 AK
11;1S AH
A'l''!IDIJ) rtnmu.IIIRQ uuuu, roa ma HtJCXABE•, UI &DAT• CARDIDl\.'1'• (mvent l'W\a 8:30-9;30)
CROMD 1%1•: 200 I t100 per pa.racm
COlffACT: Curtia Coleman, Campaign Ngz. !01/StJ-0200 501/7,2-675! (Littla ae>ak)
:t.v. Bella Viata country Club
DR.l'.VS T1Nm: 22 1'1li.nut•• ~. aogara, Azkan••• Roqara Aviation Cent•~ 501/631-lllt
Pa&SS CONrW1'1SMC& 1\oga~• Av1ation Center
:t.v. Ro9ars Aviation Ccanter Az. Bea.var Lake Aviation 501/636-9400
Lv. ao;eza, Arkansas
l'LlGJn 'IDIB: 4! llinutea
Mani.feat; S•nato: nola sanatoJ: 1UoJcl•• M!.Jt• Buaka!Me Mza. ll\lakai.e Mika Qla•a.Mr Clazk•on Blne
Ar. Uttl• !lock, Arkanaaa Ada•• l'ield Nidaoaat-Little l\ook 501/3?4-5722
DIUVB T:tNI l 1! IU.I\Ut•e
Ar. Ukan••• kcels:lor llot.•l ~•• statahou.ae ~1••• 501/375-!000 l'AXi 3'75-7320
•J:Ocaad to Gra.nd aa11zoo11 Salon C
N0.743 [;108 2022248952i# 6
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Page 7 of 60
08/ 20/ 92 13:35 SENATOR DOLE SH-141 ~ WI CHITA
SENT ay:xerox Telecopier 7021 ; a-20-92 ;12:oa~M ;
11:15 Ml-12:00 PM
11:55 AM
12:00 PM-1:2::1.:5 N
12:1!5 PM-1:00 PM
1:00 N
:1.:1, PH
1:20 PK
4:10 PM
A!!IND l'UHDUIS:tNG UCU'rION roa ma lltJCXUD (mvtl.nt rwia 11:00-12:00)
CROWD SIIJI: 100 8 $250 eaah
1taocauc: 11:00 Private Reo~ion - Salon C 12:00 Lunel\eon - Salon• A~ B
X.v. GrancL .. 11.coom. en rwt• Arkan••• Tann.ta Ball of raaa :aooa
PU8S CONl'DDCI mxcelaior Hotel. Az:Jcanaas Tennie Ball of :rama aooa A.'l'Tl:ND/SPZAK - BOCP'BZE l'UHDMI8IttG LONCDOII
IN. bcela!.or ROtel
~ • Adorn• 1':l.eld llidcoaet Aviation 501/3'72-5'722
IN. Little Rocle
NANXrlST: Senato~ Dole Senator Hickle• Nike Gla••ne~ Clai:k•on Bin•
TINm CBANCDI: · +1 hour
rt.?GH'l' 'l':CHII: 1 b% so mnut••
.Ar. Col\Ulbua, Obio Lane Aviation 614/237-'7210
Ml'l BY: i.t. Cov. Nike D•Win• C\1.rt Steiner, Campaign Hanapiz,
(1988 t>ol• ~oz Pre•id4ant)
i.v. ~an• Aviation
))Ill.ft TIN&: 15 m.nut.ea
Ar. Ohio Stat• rair ground.I
· "·----·-· ... __ _
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 8 of 60
08/ 20/ 92 13:36 SENATOR DOLE SH-141 ~ WICHITA NO. 743 GJ10
SENT ev:xerox Teleeopier 7021 ; a-20-92 :12:osPM ; 7376009..+ 2022241,Hl~:i! ;•1 U
lati»d&Y, AupW11; 22 (gopt'8Md) ;
Nl'l' •1: rnd Dailey
6:00 N '7:00 PN
7:30 PN
8:30 PN
Ohio Agriculture Dii:ect.or
TOUR S'l'A'l'B rAia GI\OtlNDS AND
PUSS .A.VA%LA8IL?TY
i.v. State ra1r ;rounds Privat.• l'UM!)JlllSIHG DCIM'ION l'Oa MID D8W%lal llt.eaidence o~ Mayo~ and NJ:•. (Jreq Lashutka
(Mrs. t.aahutka: catlwr!.n• AC,au) 129 NObaWk 8~.reet co1Wlbua 4320G 11,1,,3-2210
Coaktaila 01.nnar J'OHDDISI11lG UCIP'l'IOK/D:CMN&ll l'OJt KUC.I DBW?U Hyatt a.,-ncy 350 If. High
co-aos,s. Clovemor a.orvtt v. voinovich Mayor Qreg %iaahutll:a
HmAD TABLI: (Ll•t available Auguat 19)
PUSS: CLOIZD
VOBHAT: Table-top pcdi\Ull
COlft'AC'l': NaZy Sat11n 419/874-0108 419/874-3318 (rAX) 61,/469-1992 (CglWl!,ua Ofc.)
LY. COlu.mbu.s
l'LIQH !ID: 1 hour
N»IJ:n:S~ : Senator Dole senator Niakl•• Nike GJ.•••~r Clarkaon tine
Ar. waah!.ngton Rational Ai~rt Butl•~ Aviation 703/54t-8340
HSi' BY: Wilbert Jon•• PaocJlmD TO 1'UVA9
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 9 of 60
TO: FROM: RE:
MEMORANDUM
August 11, 1992
SENATOR DOLE JIM MCMILLAN SPEECH TO KANSAS COMMUNITY BANKERS ASSOCIATION (CBA)
EVENT: Speech to the Community Bankers Association of Kansas -- Annual Meeting and Convention.
WHEN:
WHERE:
WHO:
SPEECH:
Friday, August 21, 1992, 1:10 p.m.
Multi-media Amphitheater, Wichita Airport Hilton.
About 150 to 200 persons: 75% community bankers; 20% spouses; and 5% associate members (businesses which sell products and services to community banks).
You have been asked to speak for about 15-20 minutes, plus a period for Q&A. Besides talking about the Republican Convention and the election, you have been asked to speak about the regulatory burden on banks. I HAVE SENT AHEAD OF YOU TO DAVE SPEARS TWO PILES OF PAPERS CONSISTING OF 1) RECENT PROPOSED REGULATIONS AFFECTING THE BANKING INDUSTRY AND 2) TWO MONTHS'S WORTH OF MAILINGS FROM SOME OF THE BANK REGULATORY AGENCIES. YOUR STATEMENT MAKES REFERENCE TO THESE PILES OF PAPERS WHICH YOU MAY WANT TO USE AS "PROPS."
MISCELLANEOUS:
• Group will eat lunch in President's Ballroom at 12:00 p.m. As you know, you were invited to join them for lunch but had to decline because of fundraising luncheon for Senator Specter.
• Immediately following lunch at about 12:20 p.m., Bill Koch, winner of the 1992 America's Cup Race, will speak to the group.
• A post-lunch break is scheduled at 1:00 p.m. Group reconvenes in the amphitheater at 1:10 p.m. for your speech.
• David Fowler, President of the CBA of Kansas, will introduce vou. Mr. Fowler is also Chairman and President of the First State Bank, Burlingame, Kansas.
• The group is scheduled to dismiss at approximately 1:50 p.m.; most will depart hotel at 2:00 p.m. for a tour of the Coleman Company.
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 10 of 60
08/ 13/ 92 11: 16 WICHITA~ 7378009 0S" 1 ~V92 013: 07 Z I 9 13 271 1508 COMM Bnkr s or KS
ND.261 P.07
• .' . . FOR FURTHER INFORMATION CONTACT:
I" .
--·----------
·-··c··· --·-s~n-·· . .. :,-, ....
- -- - - - --
J. Sue Anderson, Executive Director Ctlmm\mity Bankers Assoelatlon of KS 913/271-1404
Community Bankers Association r 11' !tun~::,:,,;
s~iiu~ 100, 5605 S.W. Barrington Court. Topeku. Kttn~m; 88814, Ptiunu (813) :?71-1404
~· FOR IMMEDlATI~ RJ~J...~ASE ••
Topckft,,."f-ooling R-esources and !-deas l) .. evelops ~~xellence11 spells the Community
Prid<, that provides the undcrlyiu~ theme fur the 14th Annual Meet1ng and Trt1de Show of
the Community Bankers Association of Kansas (CgA) at t.he Wichita AJrport Hilton, August
Keynote spe~1ker Gerald Gralrnm, from the Center for Entrepreneurship, Wichib.1
State University, will develop the community pride theme. The featured speaker for X:rlday's
lunch will b_e Blll Koch, Wichita native and 1992 America·s Cup winner. Senator lloh Dole
will be a special guest on Fdday aftern,,011. Dave Ballweg, hnmcdiatc past president uf
the Independent Bankers Association of America (IBAA), will address current banking
issues. Jim King, CEO of Goal Rush, Colby, Kirns., is one of several featured speakers
du1·fng t11e 3-d~y event.
Additional educational programs, including a Bank Security Porun1, arc scheduled for
Saturday. FBI Special Agent William Seek will he the featured.
Other activitie.s planned for convention registrants include a golf tournament at the
Rolling Hills Country Club, annual trnde sho,v which has been growing in attendance each
yt,ttr, ttnd a tour of The Culenrnn Company hc.mk1uurtcrs.
The Convention will conclude on Saturday, August 22nd, with an "Americana Night"
at the E.berty Far111 in Wichita. Outdoor gtunes, activities ~ntj fl barbecue are scheduled.
~more·
Directed by the members we serve
[;107 This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 11 of 60
08/ 13/ 92 11:17 WICHITA~ 7378009 ND.261 P.08
.. . l'!j/1~1'92 08:07 Z I 913 2?1 t588 COMM Bnkrs of KS
CBA Convention
Add -1-
Dance music will bl' provjded by Lee Barnett and The EZ Pieces as a part of the fcstMtics.
During the Saturday evening event, current CBA :President, David Fowler, wUl install
the new officers for the association. Fowler is chairman of the board of the First State UankJ
Burlingame. Incoming CBA President is Thomns V. Holman, president of the State Bank
of I..con. Other new officers to be fnsta)led iticludc: First Vice Prcsfdcnt, Arlen A. Gabriel,
president, DeSoto State Dunk; s~cornJ Vice PresicJ~nt, Prnnk A, Suellentrop, president, State
Bank of Colwich; Seeretary/frcasurer, Mike Astle, president, First Nfltionnl Bank, Emporia;
and Northwest District Director, Lawrence K. White, president, Tipton Staie Bank.
The Communlly Hankers Assoclntlon of Kansas is conimitted to assisting its
memhers in futftJling their responsibility to provide safe, dependable iirnovative services to
~ the Kansas communhies and customers euch serves . .
###
(;108 This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 12 of 60
08/ 13/92 11: 14 WICHITA~ 7378009 N0.261
I !
I I 09 / 13 / 92 08104 I
community BAnkers Assodadon ,,,~,,,,, 1991. convention
Th111'd~)', Aupst 20th Momtng Ad1vlttes 7:$0 Mtn'I/Wom•n'• S<.remble Goll
Tourn•n\tnl -Rolling Hill, Coumy CJvl) 8:00 CBA Aoglstratlon Oeik 1:1pon vn,u i0:00
, W••t 1fdl t>f l,;ibby
Afterr,0011 Activities 3:30 C9A AOglstration Cwil<. opc:n unlY 7:30
l!.vcnlng ActMtlc:is 6:00 Prcttidfflt'• Fteeeptlon - SIi.tons I & II
(You rnuat be• CSA Momber or Assodale Member lo p111l11lp1M In \hi& •~ont)
7;00 Pr11ldent'• Appreol1tlon Dinner & Rohl · S11lon1 I I, II (You mu~, b6 & CDA Member 01 i\~&~116 Mol'I\Dlr ta par1lclp111t11 In 111\s event.)
10:00 Evening octMtlo1 conclude
FrldA)', August 11st Momlf1$ AcUvltlel 7:00 oeA R9glstra1ion Onsk open v111il ,o ;30 .w,,t .~, of l~bb)' 7:15 Coffee available In pro,lvl'IOtlori 1ro1 'l:$1J powor Breakfast • OQnsulalos II & Ill 8:30 9reak1Ht Sp&akor. Jim King, Goal
Av•h, •l(gur Al\l\udo Oelormlnes Your Allltude"
~:OQ Oentt,l 81111on • Amphitho.itrn ConvenUon Chairman, Pat Walden
0:05 Keynolt Address· Ocreld Orahm, O.ntv, tor Entrer,reMur1hlp, Wiohi1n suitt1,Llnlv&r•1ty
t:46 Oa'lid Oaltwe; • lndor,enclont Bank,r• AuoeltUon of Amcr'lea, lmmedie.le Pa$1 rrealdenl
10:M Oale 9r•<ll•Y· Citizen$ Stol~ B&nk, MIitonvaie, IBAA State Dkeotor
\0:10 Mid-Morning FrHhoner. pro·fj)()ctlon 11rtJ11
10:25 Women•• ~rogte.m . Control Tower, 5th floor "Waka Up 'fho Day to a Pretlior Vovl" -Je•MaWil~cri, ArbonneCosmotle&
10:26 General Sosslon oon1inue-AmpMnu1ro 11 D1"kln11 In Kcinur;''. Frank Ourinlck, Ste.to Bank Commln\or,c,r
Z I 913 271 1508
10:45
11:00
'1:00 11;50
Ken Qul>l'l\htr • lndtptndf M Bankers AMOClltlon of Ameltca, Eicecutl119 Vice Pre11dont Member Fotum • CBA Preeld!KII David Fowfor, prealdin;
1
• 08A lobbyist, Pele M¢0tll, P&I& MoOM & Auoelates.
• Annual to port 10 the m11moort 'Apj,rOVQI Of 1$ii P11t1olu11c:in, • Pre,enlt1tion of new members • Prea1dent'6 ~opoM OBA Ro;lwation Dosk opin unlil 12;1S Oenorot $onion ends
.Altemoon ActlvUIC-> 12:00 Lul'l6h • ~ro,ldontutl Bc/lro0tn 12;25 Guo&t Speakor • Wllllam I. Koch,
SklpP'r, Amorlooa, t9~2 Amerioe.·• Cup W1nrior
t :00 Outst Speaker• Amphhhualre. Robert Dole, UnU,ed Stat•• Sonal6r • 1<an,11t
1 :00 · Hospit111il)' Suiw opon until 5:00 • pro-lvnction a,1111
1 :oo OBA Reolalr11lon O•~k open v!'llil 7:oo :too Buses do part for The Coloman
Cornpenv Tour • """' '" hcr,/ loob;, 4 :00 Tour bU$eS rntuto lo holvl
tvenlng Ac(lvltles 5:00 The 110t••I Olymplo Chall"n"$"
E)(hlbit Arena Opens , Emomld Bsllroom
6:00 Dinner in Ellhibll Ar1ma. 7: .. s Er,1or1alnmont 8:40 C:ntertalnmonl 9:00 "Olympic Medal· PreHn~t{ana
(Priz, dt'awlng1) 10:00 Evening ectlvltle1 ooncl11de
hhud,ay, August 22nd Mornln.,f Activities , '1:oo New M•mbtr Meoognf lion BrHkfnt
·Ot>f'l&Ulal~~ II I, II/
7;,45 0:00
9 ;05
(Vou ll•LIIJI bt l htlY 1011a Ofl" mo,,_ Of HMl\i on th• 11192 °'1A Mtll'Oellhlr, l'l•o1ulllf'>A'l'aa111 ly plll\'lalll•I• In 1h\l ty•Nl CBA Regl11rauon D&sk open untll 10:so Work1hop Serlee - Amphhhoa1rt1 Convon\lon Ohllrman, Pat Walden preikling ' "Meeting 1he C"mp•1l\lVe Ch•llon;oc of Tomorrow" • Jim Krng, Goal Aus.h
[;)03 This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
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08/ 13/ 92 11: 15 WICHITA~ 7378009 N0.261
09 1 13.-92 081 85 Z 1 913 271 1508 COMM Bnkrs of KS P,04
10:0, ''Tru,t Oomp,nle• • A. Profllabl• Al*OUMOE fqt Cornn1uhhV lhrik•" , Steve Engll,h • Tl\l&I Co. of Kan,as, baryl Craft · Guardian Trust Company
i O:~O nefrHhmont' Bro9k - p111-lt111clio11 u,tJ1J 10:86 Wom•r.·• Program - Salon/
"Being Tha Beil You• • Jeanna Wil100 10:35 Batik Seourllv Seminar • "Hand Oler
the MonDY· Nowt• • Men Frank, Wo!lltvllla Dank • John Mtytrt, NaUonil auatdian
Sowrity Corp. • WINlam ~. Sock, Spoclal Avent, rB!
11 :45 Morning Session ends I 1 :SO Lunc::h with "WIii Rog•r•" - Prtlldrinlial
lall~m
Afternoon ActMties. ~ :00 Hotpll,NW 8\llle open unlll 4:00.
pf(t-/U()Cllon lll'OA
1 :45 Free Mornoon 4:00 Group tran1portallon to [borly rarm
bogio11 • m()()I In hotol lobby 4:1!l Amwlcan1 Nigh! at Cbtrlv r"ltl'I\
begin,
Ivcnlng Ac:tMtlct. 5:15 INPAC Auction- 01.11pos1 Building,
EberlyF,rm 5:50 omcer 1n,1111at1on. OUl(l(l81 IM/dll't~ El:30 Outdoor Barbecue Dinner 7:SO Lee 88111&11 & The EZ Pl&aH lhh<I •
Tht RZ PIICOI 133nd, back by populM reqU&sl, wlll bE! playing fC>mt great 5011, 80'11 pop1 and country musio
7:30 Hay RI~• ,,, Cower,11( OOIJ/tll)' "' lil>er/y Farm (opllonal ac:llvlty)
11 ;30 9v£.C$ roturn to Hotol
SunQJ, A\la11st 1.3td Momt~ Acttvtttes 9:00 LadlN "Com .. At•YOV•Ate" l!lrunch
- Botto Fowler'& 8ul10 443 Otio Committee Breakfast. Salon I
(Fot t99MS Con,n,11100 n;ornllors) ~:30 OBA Committee Orienlatlon. Salon II
(For 1 ptt,t, Committee members)
General Convention Sponsors Bankers' Bank of Kansas, N.A.
Deluxe Chedt Printers Federated Investor,
Government Securttf es Corp. GRA, Thompson, White &.. Co .• P.A. Hodg~. Porter, Hixon&.. AS$0t:,, Im;,
IBAA Uancard/J'elecredlt
Hospitality Suites ht flnt\t1tl11l Mortgqe Corp.
IBAA Bancard/felccredlt
Major Ciolf Sponsors Data Center, Inc.
Government Seantttcs Corp. MArsh!ll and Company
1he RGroup Vame>1, MIiis, Rogers, Burnett, 8...
Assoc.., P.A.
Prizes ll. Amenities B"nk New,
Business System Hodge, Porter. Hixon &. Assoc., Inc.
Home S~te Ufo lnsurinu Kennedy and Coo, CPA
LOVE. Envelopes Mosler, lnc.
NaUonal Ciuirdhm Roberts-Hutchllne
Rolllng l-lllls Country dub Spoon Creek Marketing
Trans Union Trans World S>1stems In('.,
Collection Service TransAmertca financial Services
Uriltcd auarantee
Gl04 This document is from the collections at the Dole Archives, University of Kansas
http://dolearchives.ku.edu
Page 14 of 60
08/ 13/92 11: 15 WICHITA, 7378009 N0.261 P.05 08 / 13 / 92 08106
£xhlbltors 15t PINndll Mortg-a~ Corp. Advance Computer Systems AdVAntAlt COffiputcrs, IM.. Autc,rnated Systems, Inc.
Dankert• tank of K.e\nJM, N.A. BMkors Sy,.tcms
&ell&.. Howell Countrywide l\mdlng Corp.
Dttll Center, Inc. Dtluxe Chr.c:k Prlnwrs
Diebold Dimension s
Exewtlvc Plans Corp. E>CeCl1tlve Systems Consult~nts Federal Crop Insurance Corp.
Feder,.tcd Investors Feist Long Dlstil"IC4i Q~rse I~ Signs
Govemment Securltlct Corp. GRA, Thompson, While&.. Co., P.A.
Independent Bank~,$ Assn. of America
lnterllnq Softw~re Corp. John M, Floyd~ A~so('.., Inc./
IPC Sctvlce Corp. K.?.n Build, Inc.
Kansas tlectronlc Trans~r System Kannady ~nd Coe, CPA's
KPMO rcat Marwlek ~ff Systems
McCune PaJ)far Co., tl"IC, MJdwAmer1ec, Payment Exdlange
MldAmer1ca Student Loan Company NBC Computer ScM~s Corp. r,edslon Cornputcr Systems
SfM\rch Notwork, Ltd. Small Business Administration
Spoon Creok MMkctlns ssg,.c., Inc..
St. PI\UI Fire&.. Marine Insurance The R1 Croup
United Pflr<:~I S•Mce USA f\1nd~ • Kansas Progtam
Vis« Tr,velors Chcquet
g I 91~ 271 l~lili COMM Bnkrs of KS
Spouse Events •All lull ct.nllenUcm 1eol•tr11nl1 are wt!Ol>ffit to atltnd eny
and all convtntic,n ovon\$,
Thur1ctAy, August 20th 7:30am Mon'.-.'Women'• Scrambl• ~If
Tournament •Rolling Hill, Oounry Clvb 8:00pm Pro•ldenl'e ReoepUon 7:00pm President'• Apptecl,tlon Dinner &
RoHI
FrfdA)', August U st '7:&oam Power aro~klaot 8:00o.m Openln~ Senion 10:15am 'W•k• Up Tl,o D111V Wllh A. Prettlo,
You!"· Control Towor, su, tloor , Jtann• Wltson. ArbOMO Ooan1e~oa
12:00pm Lut,ch 12:30pm Guest Spellkor • WIIMIM I, Kooh
1 :1opm G11e,1 Speaker • Sen11or Aobefl Dolo 2:00pm BuH& depet1 for lho ColtMtn
Company Tour 4:00pm Tour buses ratum to holol !l:()()p(n Tho "Gto•t Olymple Chall~nga"
Exhlhlt Arena OpOfla 9:00pm "Olympie Medal" Presentations (P1 ii11
Drawl~s)
S.V.,rdll)', AUIUSt Und l:OOtm DraAkfar.t on }'Our own 9:00am Otnllral hnlon 10:3S.m "Being The Best Vou" • Joanno Wilcon
• s,1on I 11 ;$Oo1m Lvnch with 'WIii Rogers" 2:00pn, Freo 'l'hno 4:00pm Tran&ponatlon to Eborl~ Farm begin, 5:45pm INPAO Auell6ti •:aopm outdoor Barbe«10 7:45pm Liva Oanee MY116
Sunday, A\IIU5t 23rd 9:00am Bet10 & Marty'• ·Oomt•Ac•You,Aro•
Brvnch. Svite 4'3
GJ05 This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 15 of 60
11: 16 WICHITA~ 7378009
PMt t'resldr.nts Da"1d fuwle1 • l\utl1ng11n,o, I i92.
PJdl11rd I., PIM'IOO<I • M111,k11to, t"I Mti;haol D, r11hrb11ch • Haven, 1990
Oeorg• P. Walden• Garden P!Aln, 1989 Ghules I. Moyer• Ph~U~b4.IIJ, 19B8
John C'.'.. TIN'h,ir • L)'"don, 1987 J.t. Wt.HM• (111tv11, 19M * llem11,e1 A. Qriffllh~ r Long l1l11nd, 1965
kuu611 A. W1.t1t.tn, •it.>pcll.11, 19"4 C, WA~ne 51~'-"'' • H11ya-.ill1, I Hi
Jotit1 C. Urnbach .. Wl\lltwatu, 1982 H. S;MUel Forrer- Ul)IISCS, 1981
Noel It J.;tr.r, • Wlehlr11 , 1980 "C. John Suelhm\rup • r.,~\'Ad,, tt?D, 1979
'HIil A. Hcdlu11d. Mor,ti.,zun~. 1977 ;• MAX C. Mc.Con11chlo • A11do\lc:r, 1974
• M Hoc Gon'lffilt1te Chtlrmal'\ ·Ad~ CMtmtttee Chairman, F/1~11'11-.~ldt!nt
f[Jt?c,1,1u:d
i99f .. SJ2 r,x6tutlvr. Councll DI\Vld /\!li:n. CJrc:fo.,.lllo
1)1116 A. 8r11.dlo)', Ml/ltJtlVNC PWo Cllr11cr, C:.Ottonwood 1'1111 ltk!hMd \., 1Jla1nond, MankJIM
r... Mlr.l~I\I ttltolt, AnltlO<l,Y Mich,, .. ! r,, F11h rh11r.h, H•vtn
Ptwld fl,JW!et, J111r11ri,_.imt. ArlM A, 011bl1CI. tJdoto 1l1omi\~ V, lloll!\M't, I.eon L}ol1 t. Hylton, OvtjtDl'OOJ<
Mtchul &. John•i:>n, Co111tl,.nd MAX A. Lowf'I. waM,
'''"''"-~ 1. Maitt, rh1/llp,tt,.irs jilm~~ A. Nib&dhliM, 7roy FrM"lk A , Sl•~lli:<nl'tr,p, CbJ~d, ~rac D, Willd~h, Vrtrh1,~
LAtty It Whll•, 71pl~m C*rk I'. Young, llr.JS~tM .
Canv•rttlon Commlttt~ l'al Wald&n, C,..rd<'Jl rJAlr, • Qu1lrmm1
Mike As\lo, £nlf'0'1A kon tilt.is, Cclwfq,
Mike f.111ott, ,Anrhony Klrk ~nr,c.hlc , ,'\ridt,v,,,;
Joe Walter, ~'1tlt. Mike W11ldfin, CJardM rJaln. Coll Co-Ch11tr
Miu~ ll,11111, v,a1dolll Pl•ltl • Golf Co,,Chalr
Your CBA St"ff Sue Ande,.on, t.Kecut1vc Dlroc;tr;n
l'.llth.v l..(Ncl«crJ, Atiminlslr~tlVe AHiJ~nl r~t Dttr;hni:r, ~,~1r St'.rm~ry
~ed<y Bryan, C:Orivennon C.OordlMtor
N0.261 [;)06 CQMM Bnk r s gf KS P,06
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--- ------08/13/92 11:14 WICHITA~ 7378009
Z 1 913 2 71 150 8
Community PRIDr:
Community Hnnkot·a A1.t11ociati,m 1.f l(mum.~
14lh Anmml Meeting
find
'Jh:1de &how
,vicMtn Afrpoi·t Hilton August 20 - 22, 1992
COMM Bn krs of KS
N0 . 261 P,02
Gl02 This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 17 of 60
-----
. -··- -·--··- -~
- --- •---
CSR - \
Community Bankers Association of Kansas
Suite 100, 5605 S.W. Barrington Court, Topeka, Kansas 66614; Phone (913) 271-1404
August 4, 1992
The Honorable Bob Dole United States Senato~ 141 Hart Senate O.B. Washington, D.C. 20510
Dear Senator Dole: -·.-;.... . ., - ... ~ .... ... .. .. . -·· ··-·- ... , -··-- , _ ,... . - .... _ ,. . ·- -- ··- .... ·- . ··- .. ... __ ... , .:,, _ ___ . .. ... ~.- ···---.. , .... _ --- ........... --~-~-~--~-..... ·--··---... -· --· ---
We are dellpted to learn that you will be with us Friel-,, Aup1t 21st to participate in the
Community Bankers Association of Kansas Convention at the Wichita Airport BIiton.
I neglected to ask Jim McMillan when I spoke with him last week if your schedule allows time
to join us for lunch at 12:00 noon. Bill Koch, skipper of the Americas and winner of the 1992
America's Cup will be joining us and his presentation is immediately following lunch at 12:20pm. You
would be most welcome.
Your scheduled appearance will be at 1:10, right after a brief break from lunch. Our group will
be in the Multi-Media Ampitheatre at the hotel and we are expecting 150 .. 200 people. If your staff will
let me know your arrival time, we will arrange to have someone meet you in the hotel lobby and walk
with you to the meeting room.
Although I know highlights of the Republican Convention will be of interest to those present,
regulatory relief is uppermost on our member's minds. Your introduction of the "Community Bank
Regulatory Relief Act of 1992" was enthusiastically embraced. That's their future hope -- what are the
realities of passage and the Senate disposition towards it.
Please let me know if you can accept our luncheon· invitation.. We woyld :~ ·-_ple~d-to have
you with us. Meanwhile, -we h~ve shared the good news that you will be speaking f'riday afternoon
with our members. I look forward to having you with us on the 21st.
Cordially,
~.&.v~ J. Sue Anderson Executive Director
pc: Jim McMillan
JSA\pd
. Directed by the members we serve
it-,• ~~ ~ J;~ g~wJ .
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 18 of 60
08/ 11/92 08:27 TOPEVA 913 295 2748 002
Community Bankers Association of Kansas r
Suite 100, 5605 S.W. Barrington Court, Topeka, Kansas 66614. Phone (9131 271-1404
March 16, 1992
Tue Honorable Bob Dole United States Senator 141 Hart Senate O.B. Washington, DC 20510
Dear Senator Dole:
The Community Bankers Association will be holding its 14th Annual Convention on
August 20th - 22nd, 1992, at the Wichita Airport Hilton. Approximately 350 bankers and
guests from across the state attend this convention. Tiris year they have a special interest
in banking issue5 on the national level. ·
We would be most honored if you would be our luncheon speaker on Friday, August
21st. A tentative time of 12:30 pm has been set aside for you. However, if this time frame
is inconvenient, we would be willing to work around your schedule. If you can accept our
invitation, plan to speak for approximately 15 - 20 minutes ( allowing some time for questions
and answers). We also 'encourage your participation in all other events planned that day.
Because of your activity on banking issues over the past 18 months, it would be of
particular interest to our members to have you as our distinguished guest. Please let us
know by April 30th if you will be able to join us. We look forward to seeing you on August
21st in Wichita.
Sincerely,
~.&..v~ J. Sue Anderson Executive Director
'~. i : • ; ;,, : . ~ ' .. : . · ... : ·~:.;· / '
' • . ' , .. .
' , . . ..
' ·,: • , ; .. ... .. . · ... , .: .')•;
. . . ..... · .. • • • • I '•, : ; , .. ' I • ~ ,/, • ' • ! 4 ,•, ~
Oirect~ed. by the members we s, e.rv .. ·_ .. e .... · ::·.:.i·, .. . ··.·.:.·.,,.··._:,·,.:;·:·~·.;:}··.·· ... i_·.-.·.1 .. ·.::··::··~,: .. ;_ .. ·.•.·.· .. ··_-.:._i',_:1_,· .. ·.~.·.:-.·.~,\::·_··:'.t._:··.· .. ·';:i,_-. .. ,"'·.f-i·~·· .. : •.. ·:::'.:,•· ... ·:"1(_;_-,.~. ~.:.:.: :.·,·.·_···:;
.... . ·· .. ~: <_.:~_<· . .:.: .. ~-- -··.~ :--: ,·.,'7:~.:~~=r:,_<,:~, ..... ;~(~·~, ·. ~ ~~ ·-: ... :.~_:_.· ... ··: . ~ ~"' , ,. ,1.1 . ~~ :\F
. .... ··-............ :.·,.\:.. ... '• ' ... _ .. __ _ ,,,
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 19 of 60
NEWS U.S. SENATOR FOR KANSAS
FROM: SENATE REPUBLICAN LEADER
FOR IMMEDIATE RELEASE JUNE 2, 1992
CONTACT: WALT (202) 224-5358
SMALL BANK REGULATORY RELIE
RIKER
DOLE BILL WOULD RELIEVE OVER-REGULATION ON SMALL TOWN BANKS ; "HIDDEN TAX" OF REGULATION THREATENING COMMUNITY LENDERS
WASHINGTON -- Senate Republican Leader Bob Dole (R-Kansas) today introduced legislation to relieve the unnecessary regulatory burden imposed on this nation's small town banks. Dole's legislation is designed to help community banks with assets less than $100 million survive in an atmosphere where thousands of pages of new regulations have been imposed in the past decade.
Dole's legislation is aimed at scrapping duplicative and unnecessary requirements that amount to a "hidden tax" on small banks and their customers, which include small businesses, farmers and consumers. The unnecessary regulations drain money that could otherwise be used for providing loans, helping businesses and creating jobs.
"The Community Bank Regulatory Relief Act of 1992 is a step towards relieving small community banks from some unneeded regulations that do nothing except drive up the cost of doing business," Dole said. "While the Savings & Loan debacle demonstrated that we need commonsense regulation of our financial institutions, it is also clear that there are some regulations our small banks don't need. Let's face it, the 'hidden tax' of over-regulation is a tax that our community banks -- and the farmers and small businesses on main street who depend on them can live without."
"In my state of Kansas, 311 banks -- or 60 percent of the state's total -- have 15 or fewer employees and average just more than $17 million in total deposits," Dole added .. "If we continue to mindlessly heap on new requirement after new requirement, we will be adding small banks such as these -- which are so important to promoting economic vitality in small and rural communities -- to America's endangered species list."
Title I of the legislation addresses a number of specific regulatory requirements that are unnecessary or are a bad fit for small banks. These provisions, among others, include an exemption for small banks in small communities from the Community Reinvestment Act, exemptions from data and information gathering requirements, a moratorium on certain new regulations pending completion of cost-benefit analyses, and a requirement that all bank regulatory agencies coordinate their actions to ensure consistency and uniformity of standards.
Title II of the legislation clarifies circumstances under which lenders will be held liable for environmental damage at their borrowers' facilities and promotes sound environmental policy by ensuring access to private capital for business to upgrade their environmental compliance and to help clean up existing contamination.
Speaking in Toronto Monday, U.S. Treasury Secretary Nicholas Brady endorsed Dole's efforts to relieve community banks of unnecessary and duplicative regulations.
###
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
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~ L -ft ' · BGB J OLE
' KAN SAS
13.nited ~ rates cSenate OFFICE Oc TH E REPUBLICAN LEAD ER
W-'sSH INGTON, DC 20510-7 020
J une 2, 1992
Dear Colleague:
We are writing to let you know about a bill tha t we have introduced called the "Community Bank Regulatory Relief Act of 1992, " s . 2794.
For too long, we have been operating under the misguided conviction that all regulat ion is by def inition "good. " Needless to say , this approach is not always consistent with good policy decisions, and we must begi n to ensure that t he hidden tax of regulation is no longer permitted to run unchec ked.
This legislation takes this principle a nd applies it to small community banks. During the last decade we have seen literally hundreds of new statutory provisions imposed on the banking industry and thousands of pages of new regulations promulgated in connection with those provisions. While a lot of compliance efforts are important to maintaining the integrity, safety and soundness of our banking system, some of that money is needlessly spent on duplicative or unnecessary requirements --money that could otherwise be providing loans, helping business and creating jobs.
For smaller banks, new reporting or procedural requirements may be particularly onerous where there's often only the president of the institution -- who doubles as office manager and loan processor -- to do the work which in turn takes away from his or her ability to make loans and service customers.
Title I of s. 2794 addresses a number of specific regulatory requirements that are unnecessary or are a bad fit for small banks. These provisions, among others, include an exemption for small banks in small communities from the Community Reinvestment Act, exemptions from data and information gathering requirements, a moratorium on certain new regulations pending completion of cost-benefit analyses, and a requirement that all bank regulatory agencies coordinate their actions to ensure consistency and uniformity of standards.
Title II of the legislation clarifies circumstances under which lenders will be held liable for environmental damage at their borrowers' facilities and promotes sound environmental policy by ensuring access to private capital for business to upgrade their environmental compliance and to help clean up existing contamination.
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June 2, 1992 Page · 2···
This bill will not solve all the problems for the small bankers of this country. But it is a good first step to get the
regulatory pendulum s winging in a different direction. The goal
is to ensure that when new compliance standards and reporting requirements are imposed on banks, they make sense for the bank, its customers and the safety and soundness of this nation's financial system.
We have enclosed a summary of S. 2794 and urge you to cosponsor this important legislation. If you have any further questions, please contact Jim McMillan with Sen. Dole's office at
43135 or Ray Natter with Sen. Garn's office at 41569.
Sincerely,
G3l.~~ BOB DOLE
Attachment
/
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i
SUMMARY OF THE COMMUNITY BANK REGULATORY RELI EF ACT OF 19 92
JUNE 2, 199 2
TITLE I -- REGULATORY BURDEN RELIEF
SEC. 101. COMMTINITY REI NVESTMENT ACT .AMENDMENTS. This section exempts from the requirements of the Communit y Reinvestment Act (CRA) depository institutions with assets o f $100 million or less that are located in towns wi t h 2 0 ,000 or fewer residents. It a lso includes a CRA "safe harbor " f o r depository institut ion s with assets o f $300 million or less i f they receive CRA r atings of satisfactory or better. Such i n s t itutions will not h ave to re-prove CRA c omplianc e f o r two y e a r s a nd will not be subject to CRA protes t s duri ng such period.
SEC. 102. DATA GATHERING EXEMPTION . Section 1 22 o f the Federal Deposit I nsurance Corporation I mprovement Act of 1 991 (FDICIA) requires bank regulatory agencies to prescribe regulations requiring depository institutions to collect a nd submit information on small business and small farm lending practices. Section 477 of FDICIA requires lenders to report on, and the Federal Reserve to collect and publish information regarding, loans to small businesses. This section exempts from these data-gathering requirements small financial institutions with assets of $100 million or less. · Instead, the Federal Reserve will be required to conduct a study on the costs and benefits of compliance with such requirements, including the costs and benefits of expanding compliance to institutions with assets of $100 million or less.
SEC. 103. CLARIFICATION OF COMPENSATION STANDARDS. FDICIA requires the bank regulatory agencies to set standards prohibiting excessive compensation for executive officers, directors, principal shareholders and employees of insured depository institutions. This section clarifies that such regulations may not set a specific level or range of compensation for such persons but rather should address general principles for appropriate compensation. Any violation must be established on a case-by-case basis after affording affected parties an opportunity for an appropriate hearing.
SEC. 104. TRUTH IN LENDING ACT AMENDMENTS. This section addresses three areas with respect to the Truth in Lending Act. First, it excludes from the scope of the Truth in Lending Act credit transactions of "sophisticated" investors. A sophisticated investor is defined as an individual who had an income of over $200,000 in each of the past two years or an individual (or couple) who has a net worth of over $1 million. Second, it limits borrowers' rights of rescission in credit transactions where the documentation contains an unintentional, bona fide error if such error does not materially or substantially alter or affect the terms of the extension of
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 23 of 60
;
credit . Third, this section, while permi tting s uits brought by individuals for violations of the Truth in Lending Act, prohi bits suits brought by or on b e hal f of a class in such circumstances.
SEC . 105. I NTERBANK LIABILITIES . Thi s section amends the interbank liabilit i es provision enacted by s ection 308 of FDICIA (codif ied at section 23 of t he Federal Reserve Act) to exempt · bank exposures where each depository institution is adequately capitalized and has assets of $1 billion or less.
SEC. 106. AGGREGATE LIMITS ON INSIDER LENDING. FDIC I A imposes an overall limit on the total amount of lendin g t o all of a bank's officers, directors, and p rincipal stockholders. This rule may work h ardships in small communities, where there may be limited lending sources a nd a vailable candidat es to s erve a s officers and directors.
This section provides that l oans to bank officers, directors, and principal stockholders secured by Treasury obligations or similar securities will not be counted towards the aggregate limit on such loans.
SEC. 107. DE MINIMIS EXCEPTION TO REAL ESTATE APPRAISAL REQUIREMENTS. This section clarifies that bank regulators and the Resolution Trust Corporation may establish a level below which a certified or licensed appraiser is not required to perform appraisals in connection with federally related transactions.
SEC. 108. REPEAL• OF OVERLY BURDENSOME REGULATORY REQUIREMENTS. This section addresses certain miscellaneous regulatory requirements that are unnecessary and burdensome. Subsection (a) would amend FDICIA to repeal the independent public accountant attestation requirement which is duplicative of existing safety and soundness examinations by bank regulators. Subsection (b) would amend FDICIA to repeal the asset quality, earnings, and stock valuation standards, which either are misleading indicators of an institution's financial condition or are duplicative of existing authority of bank regulators to examine relevant financial criteria in determining whether federal intervention is warranted.
SEC. 109. TEMPORARY REGULATORY COMPLIANCE MORATORIUM. This section imposes a 15 month moratorium on compliance with regulations promulgated under the Truth in Savings Act for banks with assets of not more than $100 million and requires the Federal Reserve to do a cost-benefit study regarding the application of the foregoing regulations to such banks and their customers. This report is due 12 months after the date of enactment.
SEC. 110. ECONOMIC ANALYSIS OF CERTAIN BANKING REGULATIONS. This section requires the bank regulatory agencies to request public comments on the economic impact of, and the number of
This document is from the collections at the Dole Archives, University of Kansas http://dolearchives.ku.edu
Page 24 of 60
depository institutions with assets with $100 million or less affected by, their proposed regulations. If a bank i n g agency determiues that a rule will not have a significant economic impact on a substantial number of small depository institutions (more than 20 percent), the agency must prepare a detailed statement explaining why the rule will not have such an economic impact.
SEC. 111. UNIFORM REGULATIONS. This section requires the bank regulatory agencies to conduct a coordinated review of their regulations within two years and ensure (unless otherwise provided by law) that their regulations, and regulatory interpretations, are uniform.
TITLE II -- SECURED CREDITOR PROTECTION
Title II of the Community Bank Regulatory Relief Act of 1992 addresses the problem of lender liability under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA or Superfund) and the Resource Conservation Act of 1976 (RCRA).
One reason businesses have had difficulty obtaining loans for new projects is a fear on the part of lenders, particularly banks and savings associations, that they may be held liable under CERCLA or RCRA for environmental damage at their borrowers' facilities. Title II alleviates these concerns by clarifying the circumstances under which lenders will be liable for such damages. Not only does Title II ensure that lenders can provide capital to new and existing businesses -- which will create jobs and foster economic gro\vth -- but it also promotes sound environmental policy by ensuring that distressed businesses have access to private capital to upgrade their environmental compliance and to help clean up existing contamination.
Title II also addresses the liability of Government entities, such as the Federal Deposit Insurance Corporation and the Resolution Trust Corporation, when they acquire environmentally damaged property during the performance of their statutory functions.
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STATEMENT OF SENATOR BOB DOLE
C011MUNITY BANK REGULATORY RELIEF ACT OF 19 9 2 JUNE 2, 1992
INTRODUCTION
MR. PRESIDENT, I Al1 PLEASED TO INTRODUCE, ALONG WITH THE
DISTINGUISHED SENATOR FROM UTAH AND RJI...NKING MEMBER OF THE SENATE
BANKING COMMITTEE, SENATOR GARN, THE COMMUNITY BANK REGULATORY
RELIEF ACT OF 1992. IN THE LAST SEVERAL MONTHS, NE HAVE HEARD A GREAT DEAL ABOUT
REGULATORY BURDEN AND THE HIDDEN COSTS IMPOSED ON EACH AMERICAN
BY THAT BURDEN. PRESIDENT BUSH HIGHLIGHTED THE PROBLEM WHEN HE
ANNOUNCED IN HIS STATE OF THE UNION ADDRESS A 90 DAY MORATORIUM
ON ALL NEW REGULATIONS AND A REVIEW OF EXISTING REGULATIONS AND
PROGRAMS TO ENSURE TH.l~T THEY DO NOT UNNECESSARILY HINDER JOB
CREATION AND GROWTH. TO DATE, THIS MORATORIUM -- EXTENDED AN
ADDITIONAL 120 DAYS -- IS EXPECTED TO SAVE $15 TO $20 BILLION PER
YEAR. THAT'S ROUGHLY $225 TO $300 PER AMERICAN FAMILY, l·mICH IS
NO SMALL BIT OF CHANGE. THE LEGISLATION I HAVE JUST INTRODUCED PICKS UP ON THE THEME
OF REGULATORY BURDEN AND APPLIES IT TO SMALL COMMUNITY BANKS THAT
IN RECENT YEARS HAVE BEEN INUNDATED WITH A TIDAL WAVE OF NEW AND
CONFUSING REGULATORY REQUIREMENTS.
INDEED, DURING THE LAST DECADE, WE HAVE SEEN LITERALLY
HUNDREDS OF NEW STATUTORY PROVISIONS IMPOSED ON THE BANKING
INDUSTRY AND THOUSANDS OF PAGES OF NEW REGULATIONS PROMULGATED IN
CONNECTION WITH THOSE PROVISIONS. BANKING GROUPS ESTIMATE THAT
AT LEAST 75,000 BANK EMPLOYEES ARE COMMITTED TO COMPLYING WITH
GOVERNMENT REGULATIONS AT AN ESTIMATED COST OF BETWEEN $500
MILLION TO $1 BILLION PER YEAR. WHILE A LOT OF COMPLIANCE EFFORTS ARE IMPORTANT TO
MAINTAINING THE INTEGRITY, SAFETY AND SOUNDNESS OF OUR BANKING
SYSTEM, I SUSPECT THAT SOME OF THAT MONEY IS NEEDLESSLY SPENT ON
DUPLICATIVE OR UNNECESSARY REQUIREMENTS -- MONEY 1THAT COULD
OTHERWISE BE PROVIDING LOANS, HELPING BUSINESS AND CREATING JOBS.
MOST RECENTLY, THE FEDERAL DEPOSIT INSURANCE CORPORATION
IMPROVEMENT ACT OF 1991 (FDICIA) WAS PASSED INTO LAW AND SINCE
THEN, I HAVE HEARD NOTHING BUT COMPLAINTS FROM SMALL BANKERS
ACROSS THE COUNTRY THAT SEVERAL OF THE NEW REQUIREMENTS ARE A BAD
FIT FOR SMALL BANKS COMMITTED TO SERVICING THEIR CO¥lMUNITIES. IN
SHORT, THEY SEE LITTLE "IMPROVEMENT" FOR THEMSELVES OR FOR THEIR
CUSTOMERS. THE COMMUNITY BANK REGULATORY RELIEF ACT OF 1992 IS A STEP
TOWARDS RELIEVING SMALL COMMUNITY BANKS FROM UNNECESSARY AND
BURDENSOME REGULATIONS THAT DO NOTHING EXCEPT DRIVE UP THE COST
OF DOING BUSINESS. FOR TOO LONG, WE HAVE BEEN OPERATING UNDER THE MISGUIDED
CONVICTION THAT ALL REGULATION IS BY DEFINITION "GOOD." NEEDLESS
TO SAY, THIS APPROACH IS TOTALLY UNACCEPTABLE, AND WE MUST BEGIN
TO ENSURE THAT THE "HIDDEN TAX OF REGULATION" IS NO LONGER
PERMITTED TO RUN UNCHECKED. THE COMMUNITY BANK REGULATORY RELIEF ACT
TITLE I OF THE ACT CONSISTS OF 11 PROVISIONS WHICH
SPECIFICALLY ADDRESS REGULATORY REQUIREMENTS THAT UNNECESSARILY
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--:,_ - .
• • 1' r
BURDEN S~..ALL COMMUNITY BANKS. THE FIRST SECTION PROVIDES AN EXEMPTION FROM THE COMMUNITY
REINVESTMENT ACT (CRA) FOR BANKS WITH ASSETS OF $100 MILLION OR
LESS THAT ARE LOCATED IN TOWNS WITH 20,000 OR FEWER RESIDENTS.
THIS SECTION ALSO PROVIDES A CRA "SAFE Hll....RBOR" FOR BANKS WITH
ASSETS OF $300 MILLION OR LESS IF SUCH INSTITUTIONS RECEIVE CRA
RATINGS OF SATISFACTORY OR BETTER . SUCH INSTITUTIONS 1vOULD NOT
HAVE TO RE-PROVE COMPLIANCE '\-HTH THE CRA FOR TWO YEARS IN SUCH
CASES. THE POINT OF THIS SECTION rs THAT WHILE THE GOALS OF THE
COMMUNITY REINVESTMENT ACT ARE LAUDABLE, IT IS NOT A PARTICULARLY
GOOD FIT FOR SMALLER INSTITUTIONS WHICH BY DEFINITION MUST SERVE
THEIR COMMUNITIES TO SURVIVE . THE SECOND SECTION EXEI1.PTS BANKS WITH ASSETS OF $100 MILLION
OR LESS FROM PROVISIONS OF FDICIA WHICH REQUIRE LENDERS TO
COLLECT AND REPORT EXTENSIVE INFORMATION ON THEIR SMALL BUSINESS
AND SMALL FARM LENDING PRACTICES. INSTEAD, THE FEDERAL RESERVE
WILL BE REQUIRED TO CONDUCT A COST/BENEFIT STUDY ON THIS
REQUIREMENT FOR ALL INSTITUTIONS. THE THIRD SECTION PICKS UP A PROVISION WHICH HAS ALREADY
PASSED THE SENATE DEALING WITH COMPENSATION STANDARDS FOR BANK
PERSONNEL. SPECIFICALLY, IT CLARIFIES THAT EXCESSIVE
COMPENSATION STANDARDS MANDATED BY FDICIA MAY NOT ESTABLISH A
LEVEL OR RANGE OF COMPENSATION BUT SHOULD RATHER ADDRESS GENERAL
PRINCIPLES FOR APPROPRIATE COMPENSATION.
THE FOURTH SECTION DEALS 1HTH CERTAIN AMENDMENTS TO THE
TRUTH IN LENDING ACT. IT PROVIDES A "SOPHISTICATED" INVESTOR
EXCEPTION TO THE ACT, A LIMITATION ON BORROWERS' RIGHTS OF
RESCISSION IN CREDIT TRANSACTIONS WHERE THE ERROR HAS NO MATERIAL
EFFECT ON THE TERMS OF THE LOAN, AND A LIMITATION ON CLASS ACTION
SUITS FOR VIOLATIONS.UNDER THE ACT.
THE FIFTH SECTION OF THE ACT EXEMPTS BANKS WITH ASSETS OF
$1 BILLION OR LESS THAT ARE ADEQUATELY CAPITALIZED FROM THE
INTERBANK LIABILITIES PROVISION OF FDICIA. THERE IS NO NEED TO
REGULATE EXPOSURES BETWEEN BANKS WHEN THOSE BANKS ARE NOT OF
SUFFICIENT SIZE TO THREATEN THE SAFETY OF THE SYSTEM AND ARE
THEMSELVES IN SOLID FINANCIAL CONDITION.
THE SIXTH PROVISION PROVIDES THAT LOANS TO BANK OFFICERS,
DIRECTORS AND PRINCIPAL STOCKHOLDERS SECURED BY TREASURY
OBLIGATIONS SHALL NOT COUNT TOWARDS THE AGGREGATE AMOUNT OR CAP
UNDER FDICIA THAT CAN BE LOANED TO SUCH INDIVIDUALS.
THE SEVENTH PROVISION ALSO PASSED THE SENATE EARLIER THIS
YEAR AND CLARIFIES THAT BANK REGULATORS AND THE RESOLUTION TRUST
CORPORATION MAY ESTABLISH LEVELS BELOW WHICH CERTIFIED OR
LICENSED APPRAISERS ARE NOT REQUIRED TO PERFORM APPRAISALS IN
CONNECTION WITH FEDERALLY RELATED TRANSACTIONS. APPRAISALS ADD
TO THE COST OF HOME OWNERSHIP, AND IT IS IMPORTANT THAT THE
FEDERAL GOVERNMENT NOT NEEDLESSLY ADD TO THOSE COSTS.
THE EIGHTH PROVISION ELIMINATES CERTAIN UNNECESSARY
REQUIREMENTS IMPOSED BY FDICIA THAT ARE EITHER DUPLICATIVE OF
OTHER SAFETY AND SOUNDNESS REQUIREMENTS OR ARE MISLEADING
INDICATORS OF AN INSTITUTION'S FINANCIAL CONDITION.
THE NINTH SECTION IMPOSES A 15 MONTH MORATORIUM ON
COMPLIANCE WITH REGULATIONS PROMULGATED UNDER THE TRUTH IN
SAVINGS ACT FOR BANKS WITH ASSETS OF $100 MILLION OR LESS. IN
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ADDITION, A COST/BENEFIT STUDY ON 'rHE APPLICATION OF THE ACT TO
SUCH BANKS AND THEIR CUSTOMERS IS MANDATED.
FINALLY, THE LAST TWO SECTIONS OF TITLE I DEAL WITH AN
ECONOMIC ANALYSIS OF CERTAIN NEW BANK REGULATI ONS AND A
UNI FORHITY AND COHERENCE CHECK ON EX ISTING ONES. FOR TOO LONG,
THE BANK REGULATORS HAVE ACTED AS IF THEY WERE IN A VACUUM AND IT
IS TIME THAT THEIR ACTIONS -- PAST AND PRESENT -- WERE CAREFULLY
SCRUTINIZED AND COORDI NATED . TITLE II OF THE C01~1UNITY BANK REGULATORY RELIEF ACT
ADDRESSES THE PROBLEM OF LENDER LIABILITY UNDER THE COMPREHENS IVE
ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF 1980
(CERCLA) AND THE RESOURCE CONSERVATION ACT (RCRA). THIS TITLE
HAS TWO MAJOR PURPOSES: FIRST, TO CLARIFY CIRCUMSTANCES UNDER
WHICH LENDERS WILL BE HELD LIABLE FOR ENVIRONMENTAL DAMAGE AT
THEIR BORROWERS' FACILITIES; AND SECOND, TO PROMOTE SOUND
ENVIRONMENTAL POLICY BY ENSURING ACCESS TO PRIVATE CAPITAL FOR
BUSINESS TO UPGRADE THEIR ENVIRONMENTAL COMPLIANCE AND TO HELP
CLEAN UP EXISTING CONTAMINATION. CONCLUSION
MR. PRESIDENT, IN MY STATE OF KANSAS, THERE ARE 528 BANKS, -
- 311 OF WHICH -- THAT'S 60 PERCENT OF THE STATE'S TOTAL -- WITH
FEWER THAN 15 EMPLOYEES. THESE BANKS AVERAGE JUST OVER $17
MILLION IN TOTAL ASSETS. IF YOU PUT THE MAGNIFYING GLASS EVEN CLOSER, 211 BANKS HAVE
10 OR FEWER EMPLOYEES; 95 KANSAS BANKS HAVE SIX OR FEWER
EMPLOYEES; AND 41 BANKS HAVE FOUR OR FEWER EMPLOYEES.
OBVIOUSLY, MR. PRESIDENT, WE ARE NOT TALKING ABOUT i1ALL
STREET WHERE A NEW REPORTING OR PROCEDURAL REQUIREMENT HAS
LITERALLY DOZENS OR EVEN HUNDREDS OF AVAILABLE EMPLOYEES
STANDING-BY. IN MOST CASES, THERE'S ONLY THE PRESIDENT OF THE
BANK -- WHO DOUBLES AS MANAGER, LOAN PROCESSOR AND TELLER -- TO
DO THE WORK WHICH IN TURN TAKES AWAY FROM HIS OR HER ABILITY TO
MAKE LOANS AND SERVICE CUSTOMERS. I
IF WE CONTINUE TO MINDLESSLY HEAP ON NEW REQUIREMENT AFTER
NEW REQUIREMENT, WE WILL BE ABLE TO ADD THESE SMALL BANKS --
WHICH ARE SO IMPORTANT TO SMALL AND RURAL COMMUNITIES -- TO
AMERICA'S ENDANGERED SPECIES LIST. IT'S NOT THAT THIS BILL WILL SOLVE ALL THE PROBLEMS FOR THE
SMALL BANKERS OF THIS COUNTRY. BUT IT rs AT LEAST AN ATTEMPT TO
GET THE REGULATORY PENDULUM SWINGING IN A DIFFERENT DIRECTION.
THE GOAL IS TO ENSURE THAT WHEN NEW COMPLIANCE STANDARDS AND
REPORTING REQUIREMENTS ARE IMPOSED ON BANKS, THEY MAKE SENSE FOR
THE BANK, ITS CUSTOMERS AND THE SAFETY AND SOUNDNESS OF THIS
NATION'S FINANCIAL SYSTEM. MR. PRESIDENT, I ASK UNANIMOUS CONSENT THA'I' THE COMPLETE
TEXT OF THE COMMUNITY BANK REGULATORY RELIEF ACT OF 1992 AND A
SECTION-BY-SECTION SUMMARY OF THAT LEGISLATION BE INCLUDED IN THE
RECORD AT THE CONCLUSION OF MY REMARKS.
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SENATOR BOB DOLE
COMMUNITY BANKERS
ASSOCIATION OF KANSAS
AUGUST 21, 1992
/ INTRODUCTION /
• GOOD AFTERNOON, AND
THANK YOU FOR THE KIND
INTRODUCTION AND WARM
WELCOME. WITH THE
APPROVAL RATING OF
1
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CONGRESS HOVERING
AROUND 28 PERCENT, IT'S
ALWAYS A NICE SURPRISE
WHEN PEOPLE ARE GLAD
TO SEE ME.
REPUBLICAN CONVENTION AND
ELECTION
• AS YOU KNOW, I HAVE JUST
COME BACK FROM THE
REPUBLICAN CONVENTION
2
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IN HOUSTON.
• [!.DISCUSS YOUR THOUGHTS
ON AND IMPRESSIONS OF
THE REPUBLICAN
CONVENTION AND THE
ELECTIONi]
CONGRESS' ELECTION YEAR
AGENDA
• THIS YEAR'S
CONGRESSIONAL AGENDA
3
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HAS BEEN GOVERNED
FROM TOP TO BOTTOM BY
ELECTION-YEAR POLITICS.
THAT MEANS THERE IS
LOTS AND LOTS OF TALK,
FINGERS POINTING BLAME
IN EVERY DIRECTION,
LITTLE HONESTY, AND VERY
LITTLE ACCOMPLISHED.
• COME TO THINK OF IT,
4
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PERHAPS THAT'S GOOD
NEWS FOR THE COUNTRY.
• IT ALSO MEANS THAT
ISSUES THAT SHOULD NOT
BE POLITICIZED -- SUCH AS
HEALTH CARE AND THE
CLEAN UP OF THE S&L
DEBACLE -- ARE CAUGHT IN
PARTISAN GRIDLOCK.
• IT'S NO WONDER THAT I
5
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HEAR FROM CONSTITUENTS
AND INTEREST GROUPS
THAT THEY CAN HARDLY
WAIT FOR CONGRESS TO
ADJOURN SINE DIE. THAT
WAY, AT LEAST WE CAN'T
GET INTO TOO MUCH
MISCHIEF.
@ EGULATORY BURDEN: FDICIAJ
• ONE PIECE OF LEGISLATION
6
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WHICH I SUSPECT YOU
BELIEVE GOES WAY
BEYOND MISCHIEF IS THE
FDIC IMPROVEMENT ACT
PASSED AT THE END OF
LAST YEAR. I SUSPECT YOU
ALL ARE WONDERING
11WHERE'S THE
IMPROVEMENT?11
• WHILE THE BILL CONTAINED
7
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SOME NECESSARY
REFORMS, EARLY
INTERVENTION PROVISIONS,
AND A RECAPITALIZATION
OF THE BANK INSURANCE
FUND (BIF), THERE ARE
ALSO A LOT OF NEW
MANDATES IN THAT BILL
THAT JUST DRIVE UP THE
COST OF BUSINESS WITH
8
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NO OFFSETTING BENEFITS
FOR THE CUSTOMER.
• IN FACT, YOU CAN SHOW
THAT IT HARMS THE
CUSTOMER -- LIKE THE
FARMERS, SMALL
BUSINESSES AND
COMMUNITIES OF KANSAS
THAT DEPEND ON A VIABLE
AND PROSPEROUS
9
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COMMUNITY BANKING
SYSTEM.
• I ASKED MY STAFF TO PULL
TOGETHER SOME OF THE
RECENT REGULATIONS
THAT HAVE RESULTED
FROM FDICIA
[PRONOUNCED: FIE-DISH-
AL • I ALSO ASKED MY STAFF TO
10
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PULL TOGETHER A COUPLE
OF MONTH'S WORTH OF
MAILINGS FROM SOME OF
THE BANK REGULATORY
AGENCIES.
• HERE ARE THE RESULTS.
[ !H~LD OR POINT TO PILES] ]
• I KNOW THAT THIS
DOESN'T COME AS A
SURPRISE TO YOU. l'M
11
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JUST SHOWING YOU SOME
OF THE STUFF THAT COMES
FROM WASHINGTON THAT
ENDS UP IN YOUR 11IN BOX. 11
• BUT I SUSPECT THAT THIS
WOULD COME AS A
SURPRISE TO SOME
LEGISLATORS BACK IN
WASHINGTON --
LEGISLATORS WHO SEEM
12
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TO THINK THAT BANKS
HAVE ENDLESS RESOURCES
TO DIGEST AND IMPLEMENT
ALL OF THIS MATERIAL.
• WHILE THAT MAY BE TRUE
FOR THE WALL STREET
BANKS AND THE GIANTS OF
THE INDUSTRY, IT'S NOT
TRUE FOR THE THOUSANDS
OF COMMUNITY BANKS
13
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ACROSS THIS COUNTRY.
REGULATORY RELIEF
• FOR TOO LONG, WE HAVE
BEEN OPERATING UNDER
THE MISGUIDED
CONVICTION THAT ALL
REGULATION IS BY
DEFINITION 11GOOD. 11
• IN SHORT, IF SOMETHING IS
WRONG -- OR MIGHT BE
14
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WRONG ONE DAY, WE'RE
GOING TO REGULATE IT.
• AND, UNFORTUNATELY,
WE'RE REGULATING THINGS
TO DEATH. FOR BANKS
DURING THE LAST DECADE,
THAT HAS MEANT
LITERALLY HUNDREDS OF
NEW STATUTORY
PROVISIONS AND
15
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THOUSANDS AND
THOUSANDS OF PAGES OF
NEW REGULATIONS.
• WHILE A LOT OF
COMPLIANCE EFFORTS ARE
IMPORTANT TO
MAINTAINING THE
INTEGRITY, SAFETY AND
SOUNDNESS OF OUR
BANKING SYSTEM, SOME OF
16
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-------------- - -
THAT MONEY IS I
NEEDLESSLY SPENT ON
DUPLICATIVE OR
UNNECESSARY
REQUIREMENTS -- MONEY
THAT COULD OTHERWISE
BE PROVIDING LOANS AND
CREATING JOBS.
[~TOP THE HIDDEN TAX J • OBVIOUSLY, IT IS TIME FOR
17
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US TO ENSURE THAT THE
HIDDEN TAX OF
REGULATION IS NO LONGER
PERMITTED TO RUN
UNCHECKED.
• FORTUNATELY, I THINK THIS
MESSAGE -- BECAUSE OF
THE GOOD WORK OF THE
COMMUNITY BANKERS
ASSOCIATION AND
18
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OTHERS -- IS BEGINNING TO
SINK IN.
• ON A BROADER SCALE, THE
PRESIDENT CONTINUES TO
MAINTAIN A MORATORIUM
ON MOST NEW
REGULATIONS AS
ANNOUNCED IN HIS STATE
OF THE UNION ADDRESS.
IN ADDITION, THE
19
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COMPETITIVENESS COUNCIL
HAS BEEN WORKING TO
BRING A SANITY CHECK TO
THE REGULATORY
PROCESS.
• FOR THE BANKING
INDUSTRY, THERE HAVE
BEEN ABOUT A DOZEN
BILLS INTRODUCED DURING
THE 102ND CONGRESS
20
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DEALING WITH
REGULATORY RELIEF FOR
AN OVER-BURDENED
BANKING SYSTEM.
• AS YOU WELL KNOW, NONE
ARE AS YET LAW BUT I
THINK WE ARE GETTING
CLOSER.
(ooLE BILL: s. 2194 J • I INTRODUCED THE
21
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COMMUNITY BANK
REGULATORY RELIEF ACT A
FEW MONTHS AGO WHICH
IS A STEP IN THE RIGHT
DIRECTION TOWARDS
GETTING RID OF SOME
UNNECESSARY
REGULATION.
• IT ADDRESSES THE
COMMUNITY REINVESTMENT
22
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ACT, EXEMPTIONS FROM
DATA AND INFORMATION
GATHERING
REQUIREMENTS, INSIDER
LENDING REQUIREMENTS,
DE MINIMIS EXCEPTION FOR
REAL ESTATE APPRAISALS,
A MORATORIUM ON
REGULATIONS UNDER THE
TRUTH IN SAVINGS ACT,
23
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LENDER LIABILITY ISSUES,
AND INCLUDES A
REQUIREMENT THAT ALL
BANK REGULATORY
AGENCIES COORDINATE
THEIR ACTIONS TO ENSURE
CONSISTENCY AND
UNIFORMITY OF
STANDARDS.
• WE'VE PICKED UP SOME
24
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------------------ - -
GOOD CO-SPONSORS --
EVEN ONE DEMOCRAT, AND
I HOPE TO PICK UP MANY
MORE.
• IN RECENT WEEKS, THERE
HAVE BEEN ATTEMPTS TO
GET PIECES OF THIS BILL
PUT ON VARIOUS
LEGISLATIVE VEHICLES,
AND I SUSPECT THAT THERE
25
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WILL BE FURTHER
ATTEMPTS DURING THE
REMAINING DAYS OF THE
SESSION.
• IF WE DO NOT PREVAIL THIS
YEAR, I AM CONFIDENT
THAT WE WILL PREVAIL
NEXT YEAR AT LEAST ON
SOME OF THESE ISSUES.
26
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( ADMINISTRATION BILL: S. 2967 ) •
• AS YOU PROBABLY KNOW,
THE ADMINISTRATION ALSO
HAS LEGISLATION
ADDRESSING REGULATORY
OVERKILL OF THE BANKING
SYSTEM WHICH WAS
INTRODUCED BY SENATOR
GARN ON JULY 2.
• IT'S A GOOD BILL -- AND
27
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LIKE MINE -- IS ONE THAT
WOULD HELP MAKE YOUR
LIVES AND THE PRACTICE
OF BANKING A LOT MORE
ENJOYABLE.
WORK FOR BIPARTISAN
SUPPORT
• I THINK THE POINT THAT IS
IMPORTANT TO MAKE -- AND
THAT IS CRITICAL TO
28
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SUCCESS -- IS THAT THERE
IS NO GOOD REASON WHY
REGULATORY RELIEF FOR
COMMUNITY BANKS CAN
NOT BE BIPARTISAN.
• WHILE SOME ISSUES BY
THEIR NATURE -- SUCH AS
EVEN MODEST REFORMS TO
THE COMMUNITY
REINVESTMENT ACT --
29
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BRING THE PARTIES OUT
WITH THEIR BOXING
GLOVES ON -- MOST OF
THESE ISSUES ARE NOT
LIKE THAT.
• THE ADMINISTRATION
STRONGLY SUPPORTS
REGULATORY RELIEF, AND
ASSUMING PRESIDENT
BUSH WINS IN NOVEMBER,
30
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YOU WILL CONTINUE TO
HAVE THAT SUPPORT AND
PUSH FOR REFORM.
• AND IN CONGRESS, WHILE
SUPPORT FOR RELIEF IS
COMING FROM THE
REPUBLICAN SIDE OF THE
AISLE, I THINK THE
OPPORTUNITY IS THERE TO
EDUCATE THE OTHER SIDE
31
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OF THE AISLE AND GET A
BILL OUT.
32
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