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. 83, No. 10, October

1,000 Windows into Banks and Banking
One thousand of anything is a number worth noting. This being the 1,000th issue of ABA Banking Journal - or, as it used to be called, BANKING, Journal of the American Bankers Association - we're going to share with you some of the history of your profession...
ABA's Skylink Satellite Service Is off and Running
By the time Kentucky banker Louis Prichard sits down with his first cup of coffee in the morning, the futuristic training program at his bank has been up and running for a couple of hours. This is Tuesday, the day Farmers National Bank of Danville,...
An Answer to the Credit Crunch?
In the search for profitable assets, many banks investigate the small business market - where they often find skepticism. Small businesses frequently complain that banks only want their deposits and transaction fees, ignoring the "little guy's"...
Bank Applications Fuel Optical Storage Market
If there's a market in used computer Output microfiche (COM) equipment, now is the time to jump in. Banks of all sizes are replacing yesterday's statement- and report-storage devices with faster and cheaper optical disk storage systems. There most...
Banking by Your Wits
"We're losing our franchise," is a phrase heard more than occasionally from bankers these days. It's a comment born of frustration at seeing functions or services that once were the exclusive province of commercial banks now offered by, or even dominated...
Bank, Vendor Build Expert Commercial Loan Package
Society Corp., a $15.4 billion-assets bank holding company in Cleveland, and Expert Systems Knowledge Engineers, Inc., Dublin, Ohio, have joined forces to develop a software package called Small Business Lending Advisor (SBLA). The software helps lenders...
Big Bills Get New Security Features
Fifty and hundred dollar bills are starting to look a little different - new security features have been added to the the printing process because of Treasury Department concerns about counterfeiting. Only one other change has been made to the design...
Can You Fight a Capital Directive?
If you are a bank regulator, the capital directive is a dream come true. It is a simple way to force a bank with operating problems to raise new capital in a hurry. The bank's officers and directors face penalties if they fail to raise the capital....
Credit Unions Have an Edge, but Are Not Invincible
Like the movie Network, a number of bankers are fighting back against particularly offensive credit unions, and emulating those folks who shouted, "I'm mad as hell and I'm not going to take it anymore." Of course these bankers aren't exactly shouting....
Does That New Branch Blueprint Pose a Compliance Risk?
In the summer of 1990, amid great celebration, President Bush signed into law the Americans With Disabilities Act. This landmark act's intent is to ensure that people with disabilities have access to employment, public transportation, public accommodations,...
Don't Get Caught in a HMDA Trap
Is your bank ready to defend itself against claims of discrimination based on the government's new Home Mortgage Disclosure Act numbers? If not, your time is growing short. In October, the Federal Reserve Board is scheduled to release data based...
FDIC Targets Insider Conflicts of Interest
Let's say one of your directors owns an auto leasing company. And let's say your bank leases several company cars for top officers from the director's firm. Was the bank going to provide these cars anyway? Or could an examiner determine that management...
Guard Changes at FDIC at Critical Time for Banks
Plain-speaking L. William Seidman retires from the chairmanship of FDIC on Oct. 16, the date his term expires. William Taylor, director of banking supervision and regulation at the Federal Reserve, steps in as President Bush's nominee to become the...
Help Has Arrived for Bank Telecommunications
Banks of all sizes struggle to make sense of new technologies, particularly in the telecommunications arena, and the cost benefits they hold for their organizations. The challenge is to first understand the technology and the possibilities it offers...
How to Manage a Diverse Workforce
In terms of growth rates, minority groups are beginning to dominate the U.S. workplace. In an ideal world, this fact alone shouldn't make much difference - what matters is employees' ability and interest, regardless of their race, sex, or ethnic origin....
How to Obtain Quality Public Relations
Public relations practitioners have a tendency to promote what they do best, rather than what is best for the bank's specific marketing needs. That's one reason why bankers responsible for public relations need to choose their agencies and their types...
Is the Sound Business Loan Extinct?
Self-assessment has never been more necessary for bankers. Our industry is awash with overcapacity and the landscape is littered with the wreckage of our mistakes. The industry is said to be in transition, seeking broader regulatory approvals, new...
Middle Ground in Wetlands Debate
Real estate lenders, developers, and landowners may be on the threshold of some relief from federal wetlands regulation - but they may have to pay for it up front by going through a period of additional confusion. Current rules change. In August,...
Mortgage Banking and Banking - a Good Fit?
Scratch a mortgage banker who works for a bank-owned mortgage banking company and underneath you'll find ... a mortgage banker. Even when they work for an organization whose parent is a bank or bank holding company, mortgage bankers are a different...
Mortgage Banking, without Fumbles
Rights to service billions of dollars of mortgages change hands each year. While the reasons for purchases vary, the most common ones include improvements to cash flow or profitability; accounting concerns; and the urge to improve the efficiency of...
New Markets: Look before You Leap
Some observers of the domestic and international financial markets are reminded of the herd syndrome when they examine market trends. Financial institutions seem to enter and exit markets as a group. The phenomenon results in overcrowding at first,...
Open Systems' Promise Shifts Bank's Choice
As personal computers and workstations increasingly replace dedicated terminals in branch banking applications, bankers must pay more attention to "open" systems. This term generally refers to computer systems able to communicate with other vendors'....
Shakeup of a Sleepy Bank
First National Bank and Trust, Rockford, Ill., was not in trouble when Rick Bastian arrived as its new CEO in 1982. But it was infested with an insidious element we call destructive satisfaction,' in other words, acceptance of the status quo. The...
Telling the Rest of the Story Behind the Headlines
Alan Tubbs made a name for himself during the farm debt crisis of the mid-'80s. He's now poised to lead the banking industry through its greatest challenge since the Great Depression. Beset by negative headlines, operating in an economy half-in...
You Can Survive a Compliance Exam
Your bank is undergoing a federal compliance exam and a member of the exam team has just walked into your office to tell you that he believes he has discovered Bank Secrecy Act violations. Among other things, he shows you 14 pages of cash transactions...