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Task force asks consultants to flesh out pilot design and measurable metrics for reinvesting reserves in Utah institutions
Summary
Members asked Tour Partners to revise the draft to include specific pilot parameters (opt-in banks, $50'150M test pools), baseline and control groups, and quarterly metrics such as loan-to-deposit and loan growth to evaluate whether local redeployment produces fiscal benefit.
Consultants from Tour Partners told the task force a controlled one-year pilot could produce quantitative evidence about the effect of redeploying specific state-held reserves into qualified local depositories.
Tour Partners recommended opt-in participation with a matching control group, and tracking quarterly metrics including loan-to-deposit ratio, loan-to-assets ratio, and absolute loan growth compared to baseline. "If 20 banks opted in and 20 banks opted out, that would be our control," the consultants said, describing a straightforward comparative design.
Members discussed pilot sizing (consultants referenced ranges around $50 million to $150 million as indicative) and how to choose participating institutions based on deposit constraints and loan demand. The presenters stressed they would avoid onerous bank reporting and rely where possible on existing call report data.
Task force members asked for the updated draft to: include dollar amounts in the executive summary, clearly state this would be separate from the PTF, and provide sample parameters for a one-year pilot. Staff agreed to circulate an updated report and to collect feedback before a follow-up meeting in early December.
