08/ 20/ 92 13:33 senrtor dole sh-141 this document is...

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

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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


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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


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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


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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:


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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


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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


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

· "·----·-· ... __ _


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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


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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.


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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

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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

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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

of 60

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

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

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

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 .


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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

. .... ··-............ :.·,.\:.. ... '• ' ... _ .. __ _ ,,,


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.

###


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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.


of 60

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


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;

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


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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.


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

-------------- - -

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

------------------ - -

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


of 60

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


of 60

( 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


of 60

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


of 60

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


of 60

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


of 60

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


of 60

OF THE AISLE AND GET A

BILL OUT.

32


of 60

08/ 20/ 92 13:33 senrtor dole sh-141 this document is...

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