ABA Banking Journal

The American Bankers Association said today that it supports a Securities and Exchange Commission proposal to expand reporting accommodations for smaller public companies. In May, the SEC proposed rulemaking to increase the public float threshold to be considered a “large accelerate filer” company for reporting purposes from $700 million to $2 billion, which the agency said hasn’t been updated since it was established in 2005.

The American Bankers Association today announced a $10,000 donation to the Texas Bankers Foundation Flood Relief Fund to support communities affected by the severe storms and flooding that have impacted large portions of Texas. The Texas Bankers Foundation recently reopened the fund and is coordinating relief efforts to assist affected communities.

The Office of Foreign Assets Control announced the following sanctions action last week. Iran-related Sanctions OFAC targets Iran weapons procurement network: Following Iran’s attacks on commercial vessels in the Strait of Hormuz, OFAC on July 15 sanctioned seven individuals and entities involved in a network supporting weapons procurement for the Islamic Revolutionary Guard Corps.

This is the cover story for the July-August 2026 edition of ABA Risk and Compliance magazine. Subscribe here. By Thomas Grundy, CRCM (Editor’s Note: In the May-June 2026 issue of ABA Risk and Compliance, the author examines the Act from a regulatory framework perspective.

Kansas regulators today closed Small Business Bank in Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of Oakley, Kansas, agreed to assume substantially all deposits and purchase certain assets. As of March 31, Small Business Bank reported total assets of $73 million and total deposits of approximately $69 million. Small Business Bank’s sole branch will reopen as a branch of Farmers State Bank during its normal business hours on Monday.

The Texas Bankers Foundation has reopened its Flood Relief Fund to support Texas communities affected by the severe storms and flooding unfolding across the state, the Texas Bankers Association announced today. The foundation is coordinating with the Texas Department of Emergency Management, local bank leaders, and community organizations throughout the affected areas. Gov.

Consumer sentiment increased 4.9 points month-over-month in July to 54.4, but still down 7.3 points from one year ago, according to preliminary results of the University of Michigan Surveys of Consumers. Industrial production edged up 0.1% in June and grew at an annual rate of 4% in the second quarter. Given an increase in geopolitical uncertainties, crude oil volatility is on an upward trend.

Industrial production edged up 0.1% in June and grew at an annual rate of 4.0 percent in the second quarter.. In June, manufacturing output was unchanged, and the index for mining and utilities both rose 0.4%. Manufacturing output excluding motor vehicles and parts edged down 0.1%. At 102.6% of its 2017 average, total industrial production in June was 1.1% above its year-earlier level.

Consumer sentiment increased 4.9 points month-over-month in July to 54.4, but still down 7.3 points from one year ago, according to preliminary results of the University of Michigan Surveys of Consumers. The Current Economic Conditions Index rose 7.2 points from the previous month to 54.9 but down 13.1 points from the previous year. The Consumer Expectations increased 3.3 points to 54.0, but 3.7 points lower than the July 2025 Index.

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1.427 million, which was 19% above the revised May estimate of 1.199 million and 3.5% above the June 2025 rate of 1.379 million. Single-family housing starts in June were at a rate of 895,000; this is 0.2% below the revised May figure of 897,000. The June rate for units in buildings with five units or more was 513,000.