Banker Tool Box2018-10-04T10:53:24+00:00

Professional Resources For:

 Bankers

Help your customers access programs, services and other resources to improve their financial capability and economic mobility.

It is the goal of Money Smart KC to provide a resource database with a variety of tools for financial institutions in Metropolitan Kansas City.  This resource database can be utilized as a training tool for new employees, a resource database for financial institution staff, a tool for planning CRA strategy, researching your assessment area and much more.

This tool also lists multiple resources to help bank the unbanked, a calendar of financial education classes and events, credit resources, mortgage resources, regulatory information, professional organizations and much more.

To list an event for free on the Money Smart KC website please click

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Many Financial Institutions Partner With Money Smart KC

Money Smart Month of Greater Kansas City is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the Kansas City Metropolitan area including businesses, financial institutions, schools, libraries, not-for-profits, government agencies and the media.

These groups come together to stress the importance of financial literacy, inform consumers about where they can get help, and provide free educational seminars, workshops and activities throughout the year. Since April is Financial Literacy Month, we have a special focus that month. Programming is offered to all ages and income levels and covers all areas of personal finance from establishing a budget to first time home buying to estate planning.

Since its inception in 2008, the initiative has grown exponentially.  The 2015 Money Smart Month campaign hosted over 1,243 events (public and private) and reached a total of 18,121 attendee’s ages 5 – 85.  Check out the Money Smart KC 2018 Playbook.

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Ask the FFIEC a question: FFIEC

The FFIEC has an online opportunity for you to ask any question on consumer compliance, reports, financial institution information, examiner education, supervisory information, CRA, and much more.

 

Ask other bankers questions:      Bankers Forum

We recommend that you ask your regulator any questions however, a banker’s forum is available at www.bankonline.com.

Alliance for Economic Inclusion

The Kansas City Alliance for Economic Inclusion (AEI) consists of 650 individuals representing 350 organizations in a broad-based coalition of financial institutions, housing professionals, community-based organizations, businesses, schools and other partners in several markets across the Kansas City metro area. AEI focuses on bringing unbanked and underserved populations into the financial mainstream with an emphasis in creating financial resiliency for low- and moderate-income families in Metropolitan Kansas City.  The AEI also works to expand affordable housing opportunities and mortgage credit for low- and moderate-income households.

Kansas City AEI seeks to expand basic retail financial service usage such as savings accounts, affordable remittance products, small-dollar loan programs, targeted financial education programs, alternative delivery channels and other asset-building programs.  To further achieve AEI goals of helping the low- and moderate-income community, Kansas City AEI is working to increase banking services for minority and immigrant communities.

Cost or Obligation

The AEI has no cost or obligation to join.  You will receive e-mail updates, invitations to AEI meetings and events and the ability to give input on multiple community initiatives that target low –and moderate-income families.

To join AEI Fill out form below:

FDIC: Affordable Mortgage Lending Center

Mortgage lending is an important element of many community banks’ business and Community Reinvestment Act (CRA) strategies. The FDIC’s Affordable Mortgage Lending Center is designed as a resource for community banks to help them compare a variety of current affordable mortgage programs and to identify the next steps if they seek to expand or initiate affordable mortgage lending. Offering affordable mortgage loans to a wide range of customers can deepen bank customer relationships and provide an important pathway for borrowers to own their own homes and participate in the mainstream banking system.

Bank Find

FDIC BankFind allows you to locate FDIC-insured banking institutions.

BANK On (CFE National Account Standards)

The updated Bank On National Account Standards, identify critical product features for appropriate bank or credit union accounts. Core account features include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay. Notable changes in the 2017-2018 Standards include expanded allowable bill pay functionality: standard-meeting transaction accounts must either offer internal bill pay or instead provide consumers access to at least four free money orders or bank checks per month.

Encourage a banking relationship or the benefits of banking

Visit the following Money Smart Topics for helpful information and links.

Banking People with Disabilities

Visit the following Money Smart Topics for helpful information and links.

Youth Bank Accounts

Understanding the Law –  This map is intended to provide state specific information regarding statutory requirements for the opening of bank accounts for minors.

FDIC – Youth Banking Resource Center –  Through this website, learn about proven strategies to enhance youth financial education activities with access to a savings account.

Prosperity Now – Children Savings Programs-  Information Systems Make Children’s Savings Programs Work. Here Are Three Things You Should Know About Them.

Visit the following Money Smart Teen Topic Page for helpful information and links.

Visit the following Money Smart Youth Topic Page for helpful information and links.

Broadband

Broadband Financing and Development

Bank Financing for Rural Broadband Initiatives Video: This brief OCC video highlights the important role that banks can play in helping rural communities develop high speed broadband systems and reviews how banks may receive CRA receive consideration for these activities. The video discusses how banks and community leaders developed a cooperatively-owned fiber optic network serving 10 towns and 17 townships across four counties in south central Minnesota.

Calendar of Financial Education Classes and Events

The Money Smart KC calendar is averaging 234 classes and events per month. All events are around the Kansas City area and they are Free or Low Cost!

VIEW EVENTS

Have an event coming up in the KC area that is Free or Low cost? Add Your event here!

CDFI/CDC

Community Development Financial Institutions Fund (CDFI)

Community Development Financial Institutions (CDFIS) share a common goal of expanding economic opportunity in low- income communities by providing access to financial products and services for local residents and businesses.  Whether it’s the credit union down the street or a nearby small business loan fund, your community may be home to an organization known as a CDFI.

CDFIs can be banks, credit unions, loan funds, microloan funds, or venture capital providers. CDFIs are helping families finance their first homes, supporting community residents starting businesses, and investing in local health centers, schools, or community centers. CDFIs strive to foster economic opportunity and revitalize neighborhoods.

CDFI Locator Tool

Community Development Corporation (CDC)

Community Development Corporations (CDCs) are nonprofit, community-based organizations focused on revitalizing the areas in which they are located, typically low-income, underserved neighborhoods that have experienced significant disinvestment. While they are most commonly celebrated for developing affordable housing, they are usually involved in a range of initiatives critical to community health such as economic development, sanitation, streetscaping, and neighborhood planning projects, and oftentimes even provide education and social services to neighborhood residents.

CDCs play a critical role in building community wealth for several key reasons:

  • They anchor capital in communities by developing residential and commercial property, ranging from affordable housing to shopping centers and even businesses.
  • At least one-third of a CDC’s board is typically composed of community residents, allowing for the possibility of direct, grass-roots participation in decision-making.
  • CDCs’ work to enhance community conditions oftentimes involves neighborhood organizing, a process critical for empowering residents and gaining political power.

CDC Locator Tool

Census

American Fact Finder

  • A source for updated population, housing, economic, and geographic data

Community Facts

  • Find popular facts (population, income, etc.) and frequently requested data about your community.

Topics

Information on Metropolitan & Micropolitan Statistical Areas

Community Development

Federal Regulator Community Development

FDIC

Federal Reserve Bank

Federal Reserve Bank of Kansas City

OCC

HUD Community Development Resources

HUD 

State Community Development

Missouri

Kansas

Local Community Development

Other Community Development Resources:

Community Reinvestment Act

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulations 12 CFR parts 25, 228, 345, and 195.

The CRA requires that each insured depository institution’s record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution’s application for deposit facilities, including mergers and acquisitions. CRA examinations are conducted by the federal agencies that are responsible for supervising depository institutions: the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

CRA OneSource

Kansas City Federal Reserve of Kansas City – Investment Connection

CRA 101 Tool Kit

CRA Investment Handbook

KCCRA Mission: To provide a non-competitive forum for Kansas City area CRA bankers/officers to discuss potential projects and program partnerships between community groups/local non-profits and banks which align with their mutual goals and positively impact the community. If you’re interested in learning more, please contact Marisa.Martinez@umb.com or Jackie.Torres@commercebank.com

Video Introduction to the Community Reinvestment Act

Federal Reserve System (FRB) –

Federal Deposit Insurance Corporation (FDIC) –

Office of the Comptroller of the Currency (OCC) –

Federal Financial Institutions Examination Council (FFIEC)

Home Mortgage Disclosure Act (HMDA)

  • Also access links to FAQ’s, the FFIEC geocoding system, information on how to file your HMDA data, census reports, public data and other reporting resources

Community Reinvestment Act (CRA)

  • Also access links to the Interagency Q&A’s, CRA ratings, exam schedules, interpretive letters, information on how to file your CRA data, and other public data and CRA related resources

Link to current Interagency Questions and Answers regarding Community Reinvestment Act (CRA).

Understanding Credit

Visit the following Money Smart Topics for helpful information and links.

Designated Disaster Areas

FEMA– Total number of declared disasters: by State/Tribal Government and by Year.

Distressed/underserved non-MSA geographies

Distressed and Underserved Nonmetropolitan Middle-Income Geographies  – Lists from 2005 – 2017

Unbanked/underbanked percentages – The 2015 FDIC National Survey of Unbanked and Underbanked Households presents new data and insights on the size of unbanked and underbanked markets at the national, regional, state, and large metropolitan statistical area (MSA) levels. This is the fourth installment of the report.

National Economic and Statistical Information

Large Aggregate Databases

  • American Fact Finder – A source for updated population, housing, economic, and geographic data
  • Data.gov – Data on multiple topics
  • Economics and Statistical Administrations – Economic statistics
  • Fedstats.gov – Provides access to statistics from more than 100 federal agencies. Perhaps most readily useful is the basic census data (population demographics, basic business demographics, etc.) that is available at the city, county and state level
  • Prosperity Now Scorecard, a comprehensive resource for data on household financial health and policy recommendations to help put everyone in our country on a path to prosperity. Search Data by Location or by Issue.

Large Specific Subject Databases

Regulator Economic Data

Local Economic Research

Bank Examinations

FFIEC link to agency examination schedules, annual asset threshold adjustments, list of distressed and undersevered nonmetropolitan middle-income geographies, examination procedures, and public evaluations

  • FDIC link to examination procedures and other resources and information on CRA
  • Federal Reserve link to the Consumer Compliance handbook
  • OCC link to examination procedures and other resources and infomration on CRA

NOTE: Public Evaluation Templates and Instructions for Completing them – can be useful for conduction self-evaluations

Examination Overview:

Federal Regulators

FFIEC – Federal Financial Institutions Examination Council

FDIC –  Federal Deposit Insurance Corporation

OCC – Office of the Comptroller of the Currency

FED – Federal Reserve

CFPB – Consumer Financial Protection Bureau

FTC – Federal Trade Commission

SEC – U.S. Securities and Exchange Commission

FEMA – Federal Emergency Management Agency

HUD – U.S. Department of Housing and Urban Development

Treasury – U.S. Department of the Treasury

FFIEC

The Council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB), and to make recommendations to promote uniformity in the supervision of financial institutions.

Consumer Compliance

Consumer Help Center

Examiner Education

Financial institution Info

Reports

Supervisory Info

Smart Spending

Visit the following Money Smart Topics for helpful information and links.

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Loans

A loans can be helpful for covering expenses, making a large purchase, starting a business, or for the cost of college. Find out what loan is right for you.

HMDA

FFIEC – In this section of the website, you can find out more about the regulation and its interpretation.

CFPB – Resources to help industry understand, implement, and comply with the Home Mortgage Disclosure Act and Regulation C.

HUD

HUD Consolidated Plans

  • Three-to-Five-Year Plans
    • Analyses of the local housing market, and housing needs of low-income, homeless persons, and special needs populations

HUD Economic Development Programs

Other Useful HUD Links

Visit the following Money Smart Topics for helpful information and links.

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Housing

Housing costs are a large part of your budget, so it’s important to research options when choosing to rent or purchase housing.

Mapping

Map Your Community – Use our mapping tool to create custom maps of Tenth District communities, counties and states using key economic and demographic indicators.

Geocoding Tool – Enter a street address to find the MSA/MD, state, country, and census tract codes. – Click on the “Census Demographic Data” button for tract income level data.

Metropolitan Statistical Areas – Map metropolitan statistical areas.

FFIEC Geocoding System – The FFIEC Geocoding/Mapping System helps financial institutions meet legal requirements to report information on mortgage, business and farm loan applications.

FFIEC Distressed and Underserved Tracts – View an up-to-date listing of Distressed and Underserved Tracts.

National Center for Education Statistics

Policy Map – Easy-to-use online mapping with data on demographics, real estate, health, jobs and more in communities across the US.

Rural Mapping – USDA Agricultural Data.

Prosperity Now Scorecard, a comprehensive resource for data on household financial health and policy recommendations to help put everyone in our country on a path to prosperity. Search Data by Location or by Issue.

The Enterprise Opportunity Zone Mapping Tool has been updated to include final designations in all states and the District of Columbia. The Opportunity360 team created the mapping tool to help stakeholders determine which tracts have been designated as Opportunity Zones and what other federal programs and designations are in effect in those areas. In addition, users can filter tracts using the Opportunity360 Outcome Indices to see how people living in these tracts are faring across our five outcome dimensions, as well explore eligible tracts that were not designated as Opportunity Zones. Visit our Opportunity Zones webpage for information and updates on the tax incentive.

FDIC – Market Share of Deposits

The Deposit Market Share is the percentage of deposits an FDIC-insured institution has within a defined geographic market. This data is based on the annual Summary of Deposits (SOD) survey for FDIC-insured institutions as of June 30.

The Deposit Market Share and the Pro Forma (HHI) Reports provide information for all institutions within a specific geographic market for a specific time period. The Market Presence and Growth Rate Reports provide similar information, but from the perspective of one institution. All reports provide data back to 1994 and are available by institution or bank holding company.

Deposit Market Share – The Deposit Market Share Report provides a summary of all FDIC-insured institutions, the number of branches, the amount of deposits and the percentage of their market share for any specified geographic area (state, county, city, zip code). Multiple geographic components can be combined to create user defined custom markets (e.g. multiple counties, zip codes and cities).

Pro-Forma – The Pro Forma (HHI) Report offers the ability to see the before and after effects of proposed mergers or acquisitions within a specified geographic market. The results include the before (Old_Bank) and after (New_Bank) data with the summary of all FDIC-insured institutions within the geographic area as well as the number of branches, the amount of deposits, the market share and Herfindahl-Hirschman Index, HHI.

Market Presence – The Market Presence Report identifies where an institution operates geographically; by state, county or Metropolitan Statistical Area (MSA), in a single report.

Growth Rate – The Growth Rate Report provides the ability to compare two years of data for any FDIC-insured institution or bank holding company by state, county or MSA.

Locating Public Evaluations

FFIEC   This search engine will enable you to find the latest CRA ratings of financial institutions supervised by the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and/or Office of Thrift Supervision.

FDIC  These pages enable you to find current and past CRA ratings and PEs for specific institutions that have been examined by the FDIC since July 1, 1990. The site offers users the opportunity to search for the ratings and PEs of one or more institutions.

FRB – The database here provides ratings information dating back to 1990 for banks examined by the Federal Reserve. Ratings can be reviewed for a particular group of banks or for a single bank.

OCC – Search national bank CRA ratings and performance evaluations and get lists of banks examined for CRA compliance.

Public School Review

Provides information on public schools in all 50 states and some private schools too. Data primarily describes academic performance, expenditure per student, student-teacher ratios, graduation rates, ect. It also includes percentage of students eligible for the USDA free- and reduced-priced meals program.

Find Schools

Top Lists

Compare Schools

School Guide

Regulator Resources

National Organizations

 Regulatory

Federal Deposit Insurance Corporation (FDIC) Links

 Federal Reserve Bank (FRB) Links

Office of the Comptroller of the Currency (OCC) Links

 Federal Financial Institution Examinations Council (FFIEC) Links

 Consumer Financial Protection Bureau (CFPB) Links

Financial Crimes Enforcement Network (FinCEN) Links

NMLS Resource Center

State Organizations

Missouri

Kansas

Small Business/Entrepreneurship

Visit the following Money Smart Topics for helpful information and links.

Unbanked Survey

Banking the Unbanked and Underbanked

Although the unbanked population decreased from 12.1% in 2013 to 5.0% in 2015, there are tens of thousands of unbanked families in the Kansas City Metropolitan Statistical Area (MSA) and hundreds of thousands of unbanked families.

The Alliance for Economic Inclusion and Money Smart KC work with over 1,000 partnering organizations to stabilize families, financially educate families, bank families and promote economic mobility with all family members.

To better understand the unbanked and underbanked populations in the Kansas City MSA, please visit https://www.economicinclusion.gov/.

What is Economic Inclusion?

Economic Inclusion Surveys & Data

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