ENSO forecasts from 15 dynamical & 8 statistical forecast models in June 2011 (left): Transition to ENSOneutral by early summer (√), then wide open outcome for rest of 2011; On average, dynamical models a bit warmer than statistical models, insignificant differences overall. The most recent forecast collection (right) shows a shift towards La Niña, although only half of the models reach the ‘magic’ -0.5C threshold; meanwhile, the latest available PDO-value (July) remains negative, having proven itself yet again to be consistent with the return of La Niña... 1st vs 2nd Yr La Niña composites for October-December Compared to the typical outcome of La Niña fall seasons (top left), Oct-Dec 2010 (bottom left) ended up with the same preference for wet conditions in western CO, while drought conditions were more severe in SE CO than is typical for La Niña. Autumn 2011 may end up drier than in 2010 for much of our state (top right). This is based on the same set of double-dip Las Niñas as presented last October. 1st vs 2nd Yr La Niña composites for January-March Compared to the typical outcome of La Niña winter seasons (top left), Jan-Mar ‘11 (bottom left) ended up close to (dry) expectations (this does not monitor mountains snowpack), especially in SE CO.
Information regarding federal student loans is included as industry background, for historical context, and to highlight differences between federal student loans and private student loans. This booklet discusses how banks may legally and prudently engage in private student lending and the risks inherent in such lending; provides information on unique aspects of private student loans and industry practices; and includes private student lending product information, the processes involved in lending and risk management functions, and regulatory expectations for safe and sound operations. The booklet provides additional notes on guaranteed rehabilitated student loans, a pool of loans that a small number of OCC-regulated community and midsize banks have shown interest in and have added to their balance sheets. Regulatory Considerations The regulatory considerations for national banks and FSAs are discussed throughout this booklet. One notable consideration for FSAs, which does not apply to national banks, is section 5(c)(1)(U) of the Home Owners’ Loan Act.