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. 89, No. 6, June

ABA Newsletter
A bigger menu for trust pros A BA's menu of educational offerings for trust professionals has been beefed up with the addition of the following new events: * The National Sales School for Trust Professionals: Aug. 10-13 at North-western University,...
Banking in the 3rd Millennium; Universal Banking American Style, Is the Grand Vision of New York's Bankers Trust Company
How the beleaguered Bankers Trust Co. of New York shook off its negative image and became, seemingly overnight, a favorite of the financial press is one of the most remarkable stories of the decade. And yet, behind the headlines, another story is unfolding,...
Banks Get More Adept at Using Home Loan Bank Funding
has been nearly eight years since banks gained access to the Home Loan Bank System, the nationwide network of 12 regional, ale banks that provide Low-cost credit as well as correspondent banking and community lending services. Today, more than 4,070...
CRA Strategic Plan Option: A Bad Idea Gone Wrong
In the end, the seemingly attractive option may wind up as little more than an unpleasant footnote in CRA's history The promises at left sound almost too good to be true. They are. That conclusion is based on an evaluation of each of the 27 strategic...
Enough Was Enough; Nebraska Community Bank Settles Discriminatory-Pricing Suit and Takes a Few Parting Shots
A little bit more than a year ago, accused of charging Native Americans on South Dakota s Pine Ridge Reservation higher rates on consumer loans than it charged whites, First National Bank of Gordon, Neb., vowed to fight the U.S. Justice Department...
It's Later Than You Think
December 31, 1999. A once-in-a-millennium New Year's Eve to remember. I expect to enjoy it, secure in the knowledge that the sun will rise the next morning (the sun always rises in Hawaii) and that--well before that night--my bank will have solved...
More Banks Direct-Market Small-Biz Credit
In Meredith Wilson's classic musical The Music Man there's a number called "The Wells Fargo Wagon" in which the residents of River City, Iowa, speculate on what the famous express service--and predecessor of the West Coast bank--is bringing for them....
Nonprime Auto Lending: High Risk, High Opportunity or Both?
Nonprime or subprime auto lending seems at first glance to be fraught with risk and even fraud. Yet a number of large, experienced lenders accept and even seek out this business. Why? At the outset, it should be said that this business is not for...
The Changing Nature of Compliance Risk; Passing a Compliance Exam Is the Easy Part
Science-fiction writer Ray Bradbury said, "Living at risk is stepping off the cliff and building your wings on the way down." In-flight wing-building is a good analogy for banks' efforts to transform their compliance programs into useful risk-management...
The Insurance Quest Isn't over Yet; How Banks Can Enter the Insurance Business and How Legal Uncertainties Affect Each Choice
How banks can enter the insurance business and how legal uncertainties affect each choice As a result of judicial and regulatory decisions, banks have more opportunities to enter the insurance business than in the past. However, while some major...
The Sentries of Mechanics Bank
Rethinking the role of the bank's asset-liability management committee was the beginning of a new approach to risk-based management At a management retreat in late 1994, the executives of The Mechanics Bank, Richmond, Calif., decided that the bank...
The Teller Line of the Future
You're in the bank. Someone calls your name. It's the teller. Not only does she know your name, she knows where you were last night--surfing the Web for auto-loan rates. As the teller suggests you talk to the loan officer across the room, she flashes...
Turnaround Is Fair Play
There were probably a few people who were secretly glad to see Bankers Trust stumble a couple of years ago. Institutions have personalities, so they say, and for years Citicorp used to be the bank with an "attitude." But then Citi stumbled in the late...
Turn Your Branch into a Listing Service
The latest critic of banks' attempts to solicit mortgage business from Realtors says banks should all but act as Realtors themselves. That "but," by which banks distinguish their behavior from that of Realtors, will be key to the legality of a proposal...
Use and Misuse of the Consumer Price Index
To paraphrase my grandfather, a dollar doesn't go as far as it used to. This is one of the oldest saws in economics, so often used that we accept it as truth. The time value of money is central to modern financial theory, and is the foundation of indexing...
Why You Should Offer Investment Counseling
In the competitive financial services marketplace, what service provides the greatest profit potential and, at the same time, creates the most loyal client base? According to Ted Ridlehuber, president and CEO of Cannon Financial Institute in Athens,...