ABA Banking Journal

Founded in July of 1908, ABA Banking Journal online contains the complete text of ABA Banking Journal, a monthly magazine on commercial bank operation and management published by Simmons-Boardman Publishing Corp. Articles cover employee relations, recruiting and training. Subjects in the magazine also include installment, mortgage, commercial, and industrial lending as well as correspondent, foreign, and retail banking; deposit gathering; bank cards; asset and liability management; data processing and telecommunications; security; government relations; and legal and regulatory developments. The publication also provides a calendar of ABA-sponsored courses, seminars and workshops. William W. Streeter is the Editor-in-Chief and Robert DeMarco is the Group Publisher/Senior Vice President. Steve Cocheo is the Executive Editor and Andrea Rovira is the Editorial Assistant.

Articles from Vol. 93, No. 11, November

Back to Work
AS ABA'S NEW PRESIDENT, I PLAN TO do everything I can to show America that the banking industry is back at work on behalf of our customers after the awful events of Sept. 11. Bankers can be proud of the fact that through it all, the banking system...
Bank Life Sales Are Looking Up
Overall, they're still a small part of the market, but bank sales are becoming increasingly important to the life insurance industry. Profit margins are still thin, though Signs abound that bank sales of life and health insurance are starting to...
Building a Solid Online Credit Application Facility
State of the Industry Online banking has grown and evolved over the past several years and now includes a broad spectrum of services ranging from conveying basic information to offering highly interactive services such as account and cash management....
Coded B2B Accounts?
Although business-to-business commerce over the internet was The Next Best Thing several Best Things ago, b2b transactions were flagging even before this year's general slowdown. Insiders seem to agree that the main problem was the payment system:...
Companion Accounts Cut Sterile Reserves
Sterile reserves tie up dollars that could be doing something productive for a bank and its community. Large banks have been able to manage their required reserves for some time, but it's been a bigger challenge for many community banks. A bigger...
Digging Deeper for Protection
The price that your bank pays to insure itself, its officers, its employees, and its directors from a wide variety of risks is likely going to rise substantially in the wake of the events of Sept. 11. Some banks will be affected more than others,...
DTCC's Experience in Attacks Affirms the System's Strengths
IN OUR COVERAGE LAST MONTH OF SEPT. 11's attacks we mentioned how one key payment system player, the New York Clearing House, weathered the crisis remarkably well. Less well known is how another vital component of the global financial infrastructure,...
Farm Banking in an Unpredictable Climate
A panel of bankers and producers assesses the farm economy in a bewilderingly different atmosphere After Sept. 11, Washington State farmer Mike Roozen was talking with some local apple growers from his region. "I sat with one fellow I know, a...
Global Outlook: Not All Grim
AS HORRIBLE AS THE SEPT. 11 attacks were for the United States, repercussions are being felt throughout the world, as well. Some equity markets abroad declined more than Wall Street, based on both fears of corporate losses and the assumption that the...
Investments, Banking, Trusts ... and Insurance!
Many financial institutions across the country have pondered, explored and wondered if they should, or could, offer insurance products to their customers. They have heard about the large volumes of untapped insurance business with a very good potential...
Is Consolidation Over?
WILLIAM W. STREETER NOT LIKELY. BUT THERE IS A BIG pause going on right now, and the events of the past two months are not the main reason. The reason relates more to the general downward trend in economic growth and the deflation of the economic...
It's a Buyers Market. Is Anybody Interested?
Deals are down compared to last year, thanks to a more cautious M&A mindset. Merger by acquisition now carries a heavy burden of proof Frenzied. Giddy. Robust. Not too long ago, these were the words pundits used to describe banking's heady merger...
Mailbox
OFAC SCANS AND ACH TRANSACTIONS Q. What automated clearinghouse transactions should a bank scan in order to be compliant with the Treasury's Office of Foreign Asset Control Act (OFAC)? A. The bank must scan all incoming and outgoing transacstions....
New Spending Norm: Teen Debit Cards
TEENS ARE THE DEMOGRAPHIC OF CHOICE, as Left and right we have seen the new trends that are specifically marketed towards them. From teenager-versions of popular magazines such as Teen People and Glamour Girl, to specialty stores like American Eagle...
On the Road to T+1, the Question Arises: How to Pay for Retail Trades?
Ever since the ink dried on the final draft of the Securities Industry Association's July 2000 white paper on next-day settlement, the I industry has been knee deep in detailed planning. "Once the business case was outlined, brokerage and banking...
"Pass the Aspirin"
HEADACHE 1 A Central states banker asks: "Do you know of any banks that have effectively made the transition into a more-casual dress code without eliminating or replacing their professional atmosphere? Is it really possible?" THE REMEDY ...
Rule #1: Don't Mouth Off
For most banks, things have been so good for so long, and relations with regulators have been so smooth as a result, that it's hard to recall that it wasn't always like this. How do you prepare your board for a meeting with examiners? Indeed,...
SWIFT for the Web?
In tech circles the word "innovator" gets thrown around a lot, and in a few instances it actually applies. Such appears to be the case with Bob Miller, CEO of SlamDunk Network, an electronic delivery system. Miller began his career at IBM where he...
The Future of Banking and the Role of Technology
Industry Trends As we transition away from the high growth years of the past two decades, it's an appropriate time to reflect upon the future of the banking industry. As the economy continues to slow from what has been a remarkable global expansion,...
Thin Client Upgrade Leads to Speedier Origination
"Every retail banker will tell you they're into customer service, but we back our word with good business process," says banker David Fowler. One way Salin Bank and Trust backed its word was by shaving days off of mortgage origination time, which,...