Pub. 5 2010-2011 Issue 2

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 5 NBA Education Calendar 7 Our Future Remains Bright We may not immediately see it, but some good will come from financial reform. By Matt Williams, NBA Past Chairman & ABA Board Member 8 Washington Update – The Regulatory Burden Tipping Point The ABA continues to work closely with policymakers to help them understand the economic effects of increasing regulatory burden on traditional banks. By Edward L. Yingling, President & CEO, American Bankers Association 11 Security Officer’s By-Word – Bank as Payee Exposes Bank to Loss Find out why your bank should prohibit tellers from accepting checks payable to the bank. By Charles M. Towle, Senior Vice President, Kansas Bankers Surety Co. 13 Bert Ely’s Farm Credit Watch – FCS Bets Big With Derivatives & Wins Learn how the Farm Credit System is trying to gain yet another competitive advantage over its private-sector competitors. By Bert Ely, Alexandria, Va. 15 Counselor’s Corner – Recent Changes to Accounting Standards and Their Impact on Loan Participations Discover how recent changes to accounting standards have created compliance uncertainties for both lenders and their participants. By Aaron Johnson, Husch Blackwell Sanders LLP 17 Fed Issues Guidance on Sound Incentive Compensation Policies Learn about the key areas of the Federal Reserve’s guidance that will impact the design of bank compensation programs and bank operations. By Eleanor Bloxham, CEO, The Value Alliance 23 Communication: The Dum Dum Paradox TM Find out how you can avoid the Dum Dum Paradox™ and improve understanding within your office and your family. By Dave Specht, CFP®, University of Nebraska-Lincoln 25 Credit Union Watch – The 90 Million Myth Explore your tax-advantaged competitors and discover the true number of credit union members in the United States. By Keith Leggett, Senior Economist, American Bankers Association 26 Nebraska Bankers Association Webinars 23 15 17 JULY/AUGUST 2010