ABA/FHLB

continued: Just Stuff I Think I Know

It took COVID to show us some of the dangers that has created. But there’s no single union that has taken a greater toll than our teacher unions, who were ‘unmasked’ during COVID to reveal a level of political maneuvering that showed a shocking indifference to children and their educations.

Weakness

Predators, both animal and human, can smell weakness from anywhere and will act accordingly.

Inflation and Government Oversight

I refer you back to #1, supply and demand.

Kentuckians are Tougher than Most

To quote Sean Dietrich, writer of Sean of the South, “These people are not like other people. They are not merely muscle and blood. They are more than skin and bones. These individuals are made of the same granite and iron with which the Appalachians themselves were formed.” We are Kentuckians, by the grace of God. And in the name of God, we will take care of our own. One thing I am absolutely sure of...

Our convention this year in Marco Island should be a great event. We have some excellent speakers starting off Monday morning with Thomas Hoening, former CEO of the Kansas City Fed (1991-2011) and FDIC Vice Chairman (2012-2018) under President Obama.

Next up is Congressman Barr, who is a senior member of the Financial Services Committee in the House and ranking member of the sub-committee overseeing (among other things) monetary policy. He has been a stalwart champion for common sense banking issues.

And the list of ‘not-to-be-missed’ offerings goes on, not to mention that Marco is not a bad place to be come September 17. Please travel safe, my friends. Kentucky and its banking community have suffered quite enough in 2022.

ABA Contributes $25K to Flood Relief Efforts FHLB Disaster Reconstruction Program

The American Bankers Association (ABA) announced it will contribute $25,000 to support flood relief efforts in Kentucky in response to the devastating flooding in Eastern Kentucky that has claimed at least 37 lives. (The ABA has also approved a $25,000 donation to the ABA Foundation’s effort to aid victims of the unprecedented June flooding around Yellowstone National Park in Montana.)

“The flooding in Kentucky and Montana has caused significant hardship for people in those communities including members of our banking family,” said ABA president and CEO Rob Nichols. “We are pleased to make these contributions in support of our friends at the Kentucky Bankers Association and the Montana Bankers Association who have really stepped up to help their neighbors.”

“The Kentucky Bankers Association is deeply appreciative of ABA’s willingness to contribute to our banker relief effort,” said Ballard Cassady, Kentucky Bankers Association president and CEO. “This marks the second time in less than a year that ABA has provided a helping hand to disaster victims in Kentucky. Just like ABA’s contribution after last year’s tornadoes, these funds will absolutely make a difference.” FHLB Cincinnati established the Disaster Reconstruction Program as a standing response to disasters that occur within the Fifth District states of Kentucky, Ohio, and Tennessee. FHLB members can make a positive impact on their community by offering funds to assist customers in replacing or repairing homes that have been damaged due to a disaster.

Households affected by natural disasters may qualify for help with repairing, rebuilding or acquiring a home through the Disaster Reconstruction Program (DRP). Grants of up to $20,000 are available to homeowners and homebuyers in declared disaster areas, and renters can qualify for $5,000 toward the purchase of a home. DRP funds are available on a first-come, first-served basis.

For more information visit:

fhlbcin.com/housing-programs/disaster-reconstruction-program