IBANYS News and Updates

The growing concerns regarding the Novel Coronavirus has generated a number of actions and updates we want to share.
Here's the latest.

Coronavirus Update From Federal Home Loan Bank Of New York



The Fed Response to Coronavirus

Meanwhile, The Federal Open Market Committee has announced a 50-basis-point cut to its benchmark interest rate target amid economic turmoil caused by the coronavirus outbreak. The cut lowers the federal funds rate to a range of 1 to 1.25%. The FOMC said the U.S. economic fundamentals remain strong, but noted the coronavirus poses evolving risks. As "The American Banker" noted this morning, the Federal Reserve's decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen.

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IBANYS held our second and third regional regulatory compliance conferences in Rochester and Poughkeepsie. The first Compliance Conference was held in NYC in January and was co-hosted with NYLIB. We would like to thank our speakers from the OCC, FDIC, NYS Department of Financial Services and leading experts on issues such as cybersecurity, virtual currency and building an effective compliance culture for sharing their knowledge and expertise. We would also like to thank all those who attended. The attendees had an opportunity to be interactive, ask questions and to network.

Details and registration information for the Directors Conference has been mailed. Details are also available on IBANYS' website -- or, click the links below to download the detailed brochure.

IBANYS 2020 Meetings  -  click the meeting to download brochure and to register

April 7 - Rochester — April 8 - Poughkeepsie - registration is open

Director Conference - April 16, 2020 - NYC - co-hosted with NYLIB - registration is open

ICBA Capital Summit
April 28 - May 1, Washington, D.C. Register at www.icba.org, then email Steve Rice or John Witkowski to request meetings with your local Congressional Representatives

Security Conference
May 5 - Rochester — May 6 - Poughkeepsie - brochure & registration info coming soon

IBANYS 46th Annual Convention - The Roaring 20's — Another Decade of Growth and Prosperity for Community Banks
June 15-17, 2020 - Turning Stone Resort & Casino, Verona, NY
(details and registration information coming soon)
A block of rooms has been reserved for this event. Tower Rooms: $164; Tower Junior Suites: $244; Lodges Suites: $269. To receive the room block rate you must call 1-800-771-7711. Book your room today. OUr room block will sell out.