IntraFi

It’s not just your crazy Uncle—Thanksgiving has often been political. In 1939, FDR moved Thanksgiving up a week to extend Christmas shopping, sparking public backlash and widespread confusion in what critics dubbed “Franksgiving.” Calendar makers—having already printed 1940 and 1941—were outraged. Schools complained of disrupted sporting event schedules. Twenty-two states refused to go along, a number that grew the following year, which meant people celebrated on different dates depending on where they lived. Finally, in 1941, Congress stepped in to mandate Thanksgiving on the fourth Thursday of November. We here at IntraFi hope you enjoy a much less controversial Thanksgiving with your friends and loved ones.

Rep. French Hill, one of the frontrunners for Chairman of the House Financial Services Committee, details his plan to help banks, including revamping regulators’ approach to M&A, ending Operation Choke Point, encouraging more de novos, and more. Listen today: https://ow.ly/xv2u50UfPgb

IntraFi employees recently made good use of the company's paid volunteer time off at the Capital Area Food Bank in DC. Our team helped package over 800 boxes of food for elderly residents in need. At 28 pounds of food per box, that’s 22,400 pounds of food! Each box will feed a senior for 5-7 days. Of those who request food assistance, 70% are either elderly or employed seniors who still lack adequate groceries. Learn more about the Capital Area Food Bank’s mission: https://ow.ly/8jXp50Ue5QL

Q3 call report data shows that banks are better prepared now to absorb security portfolio stress than they were leading up to SVB's collapse. www.intrafi.com/insights

Don't miss Lindsey Johnson, CEO and president of the Consumer Bankers Association—talking about how the CFPB may change under the second Trump administration—on today's Banking with Interest podcast. Will a Trump-appointed CFPB director roll back the recently finalized open data rule? What happens for banks and consumers if that rule is left to stand? She also tackles the future of the agency's overdraft proposal and small business lending rule. Listen here: https://ow.ly/KyeQ50UbSVN

The ACT Deposit Program can help socially responsible investors meet their goals. Powered by ICS, the program gives large depositors a way to place their funds at CDFI and MDI banks—which play a critical role in aiding low-income areas throughout the U.S.—while also providing safety and liquidity for large deposits. Read our post in Family Office Exchange's blog to learn more.

Newly available FDIC Call Report data shows that deposit growth resumed in Q3, supported by banks of all sizes. https://lnkd.in/eQ7QU6HD

With the recent national election results, what changes are likely on the major banking committees? Will Trump move to limit the Fed's independence? POLITICO's Victoria Guida and Punchbowl News' Brendan Pedersen discuss. https://ow.ly/lFe750U67zP

Discover the innovative strategies #banks are using today & find out which ones could be most beneficial for your bank's balance sheet & growth objectives in this complimentary #webinar with IntraFi. Sign up here: https://lnkd.in/gKS2tbgM

The rise of generative AI agents has promised consumers a better, safer future. But what happens if those agents act in ways that destabilize the system, causing bank runs or better enabling bad actors to hack or commit fraud? Listen as Todd Phillips, assistant professor at Georgia State University’s Robinson College of Business, shares insights from his new paper looking into how AI could wreak havoc on the financial system. https://ow.ly/K3SW50U3986