OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION

September 20, 2024

State Deposits in Indiana Financial Institutions

Jan. 1 – June 30, 2024

Pursuant to Public Law No. 19-1987 sec 12 (IC 5-13-10-4), the Treasurer of State shall publish semi-annually in two newspapers of general circulation in the State of Indiana the average daily balances of the funds maintained in each financial institution designated as an approved depository, listing separately funds in accounts subject to withdrawal on demand or by negotiable orders of withdrawal and funds evidenced by other depository accounts. The accuracy of the computation of such balances shall be verified by the State Board of Accounts in the audit of the records of the Treasurer of State.

State Deposits in Indiana Financial Institutions

Jan. 1 – June 30, 2024

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HR Topics: Common FLSA Mistakes and Misconceptions About Overtime Pay

The Fair Labor Standards Act is a federal law that sets minimum wage and overtime requirements for covered employees. Under the FLSA, employees must be properly classified as either exempt or nonexempt. Exempt employees are not subject to the minimum wage and overtime protections of the FLSA, whereas nonexempt employees are and must be paid minimum wage and overtime pay (1½ times their regular rate of pay for all hours worked over 40 hours in a workweek).

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Banker Profile: Mollie Fry

Director of Wellbeing & Total Rewards – First Financial Bank, Cincinnati

What was your first job, and what did you learn from it?
I was a cashier for Tractor Supply Company when I was in high school! I can remember starting that job thinking it was going to be so easy and I would finally be making my own money.

Banker Profile: Mollie Fry

Director of Wellbeing & Total Rewards – First Financial Bank, Cincinnati

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Nichols-Rob_ABA

The “Other” CRA

The banking agencies are tasked with writing and implementing regulations for the laws enacted by Congress, but they do not have free rein. In creating these rules, regulators must act within the boundaries of their statutory authority or run the risk of legal challenge – and the ABA has not been afraid to hold them accountable in court when they get it wrong. But Congress can also hold agencies accountable when there are policy disagreements by simply overriding final rules.

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