Volume 6, Issue 1
The Banker’s Advocate
State Bank Department
March 31, 2009
Appraisal guidelines being updated
By Richard S. Plotkin
Hot
cluding the Interag

ency
Editor
Appraisal and Evaluation
Federal Register on No-
Proposed revisions to
Topic
Guidelines issued in 1994.
vember 19, 2008. A link to
interagency appraisal
However, the core prin-
this Notice is included in
guidelines include an ex-
ciples of the 1994 guid-
Financial Institution Letter
panded discussion of
warranted. ance are being retained.
(FIL) 131-2008, found on
eb site at:
when an update or the
The proposed guidelines The proposed guidelines
the FDIC’s W
replacement of a collateral
are intended to update, are discussed in a “Notice
http://www.fdi

c.gov/news/news/
financial/2008/fil08131.html
valuation for an existing
clarify and replace existing with Request for Com-
real estate loan might be
regulatory guidance, in- ment” published in the
See HOT TOPIC, Page 2
Training for
COMPARING NOTES: In
foreground, from left, C.E.
new directors
Hendrix Jr. and Carl E.
set at 3 sites
Hendrix III of Horatio State
Bank, and Ronald L. Taylor
and Thomas C. Berryhill of
Board responsibilities
River Town Bank, Darda-
and a discussion of liquid-
nelle, are among attendees at
ity are among the subjects
a Liquidity Conference spon-
that will be covered in
sored by the Bank Depart-
upcoming Bank Director
ment on February 24. Topics
Training sessions at three
included regulatory guidance
locations.
and funding sources. See
The theme of the ses-
article on page 6.
sions is “Keys During
These Trying Times.”
“During this time of
Insured depositors should know
economic downturn, it is
imperative that a bank’s funds safe despite bank ‘ratings’
board of directors be
knowledgeable of the
I received an e-mail
bank’s condition,” said
earlier this month from The Commissioner’s View
Bank Commissioner Can-
the CEO of a state-
dace A. Franks. “Each
chartered bank who was analyze, rank and rate fi- Msnbc.com is publishing
director should be in-
upset about the publica- nancial institutions, and information on the
formed of their responsi-
tion in a newspaper of market “troubled asset” ratio of the
bilities and obligations as a
bank ratings by a for- neatly 400 largest banks and
bank director. I encourage
profit company. packaged thrifts in the United States
each new bank director to
“The newspapers write products and on all institutions with
attend one of the spon-
about them [ratings] as if based on a high ratio.
sored sessions.”
they are from regulators,” this infor- Msnbc.com is working
The training has been
the banker wrote. “This mation. with the Investigative Re-
developed by the senior
type of unfair coverage is These Candace Franks porting Workshop at
staff at the Bank Depart-
really hurting public opin- companies American University in
ion for us.” have been in business for
See TRAINING, Page 8 Numerous companies
many years.
See VIEW, Page 4
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