Calendar:
- March 28 – 6 p.m. gather in the basement of building across the street to the west of the post office to sort prizes for the egg hunt.
- April 2 – (Sunday) 12:00 PM - Rotarians and friends fill Easter eggs with jelly beans at the Mounds View City Hall (across street from the Community Center)
- April 4 - Club meeting at noon, Board at 11, at Mounds View Community Center. (The Exchange is not available). Program: “Children’s Mental Health,” by the CEO of NYFS – recipient of Fund a Cause this year.
- April 8 – (Saturday) Easter Egg Hunt. All hands on deck at 10:00AM. Due to snow, the hunt will take place in the church parking lot from trunks and tail gates.) Looking for bunny volunteers
- April 18 – CPY Luncheon/Club meeting at Christ the King Lutheran Church
- April 21 – Gold Plate Dinner
- April 22 – Paul Fournier memorial service.
Announcements:
- SELL GOLD PLATE DINNER TICKETS! The more the merrier!
- Get restaurant gift certificates to be bundled with others for the live auction,
- Keep track of your Rotarian volunteering hours for RI.
Speaker:
Cindy Carlson stepped up with a timely, informative presentation when the scheduled speaker canceled. She identified and explained the categories used to evaluate bank safety, including:
- Investment Price Stability – depreciation of the bank’s investment portfolio, loss due to interest rate shifts
- Deposits Stability – higher percentage of stable insured deposits = lower risk of bank runs
- Loan Quality
- Liquidity – funds available for immediate (overnight) withdrawal by depositors
- Profitability
- Capital
She shared the numbers for American National Bank in each of the categories, (All good!), and those for the two banks that recently failed. Silicon Valley Bank had investment depreciation (bond losses) of 104% which wiped out regulatory capital. Only 11% of its deposits were FDIC insured. Signature Bank was a Crypto Bank with highly portable deposits, and only 4 % of its customers had FDIC coverage.
The reassuring good news: “It’s difficult to find other banks in the U.S. which have these extremely weak characteristics.”