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. 10, October

An "In-Store" Approach Inside the Branch: A Texas Thrift's Combination of Specialized Lenders and Unusual Branch Design Achieves Rapid Consumer Loan Growth
A consumer lending business that has almost quadrupled in less than two years is an accomplishment that would get the attention of any lender. Guaranty Federal Bank, F.S.B., headquartered in Dallas, has the bragging rights for that achievement. ...
Are Banks Making It in the Fund Business? A Conversation with Michael Lipper
This much is certain: bank-managed mutual funds are on a growth track. From 1992 through the middle of 1997, the assets of proprietary bank funds grew from $154 billion to $429 billion, as bank-managed funds increased their share of total fund assets...
Citi Gains an Edge with Its Dublin Global Service Center
Cash management for Citibank customers worldwide now is all reflected in one place-on the desktops of the new recruits in Dublin. Securities business support is comma soon to the new facility. The latest and largest fruit of the Irish government's...
Customer Service Superstars: A Look at How Nonbank Companies Use Technology to Leverage Customer Information
"For all the money we spend on marketing, we know very little about our customers" Robert Thomas, President Nissan Motor Corp. USA Wall Street Journal, December 9, 1996 In this age of anonymous ATM transactions and growing enthusiasm for cyberspace...
Dial "C" for Compliance; Keeping Wachovia's On-Call Call Center in Compliance Takes Teamwork between Center Staff and Corporate Compliance Experts
Keeping Wachovia's On-Call call center in compliance takes teamwork between center staff and corporate compliance experts Setting up a bank call center is not altogether different from opening a call center for a nonfinancial services company. There...
Drug Czar to Address ABA/Bar Association Money Laundering Seminar
Gen. Barry R. McCaffrey, director of the White House Office of National Drug Control Strategy, will be the keynote speaker at the American Bankers Association/American Bar Association ninth annual Money Laundering Enforcement Seminar, Nov. 5-6, at...
Estate Tax Changes Help, but Not All That Much
Most community bankers from family-held banks agree that while the changes made in the estate and gift tax laws by the Taxpayer Relief Act of 1997 will help, they don't make a cataclysmic difference for many community banks, at least not directly....
Expanded IRA Family Holds Renewed Promise for Funds-Hungry Bankers
The ink was barely dry on the summer's new tax law when Jean Kemper found herself on a plane to Florida. Kemper is not some tax lobbyist who was taking a well-deserved rest following the congressional tussles, but a banker whose work was just beginning....
Feds Crank Up "Recourse" Debate
If your bank invests in, sells into, provides credit enhancements for, or sponsors asset-backed securities of any kind, get your eyeglass prescription checked, find a good reading lamp, stock up on your favorite headache cure, and prepare to dive...
Forward Commitments Move Forward Fast
Banks haven't gone much for multifamily mortgage lending, especially since the real estate crisis in the late '80s Now, however, they are increasingly involved in making construction loans for multifamily dwellings, in arrangements orchestrated by...
Go One on One with Salem Five's Virtual Financial Adviser
The 142-year-old Salem (Mass.) Five Cents Savings Bank got its name from the value of some of its early deposits. These days it's keeping a few steps ahead of the biggest banks in using the latest Internet techniques to deliver leading-edge financial...
Handling Major Headaches: "Knowing Your Customer" in Cyberspace
The Federal Reserve Board has been developing regulations that would require financial institutions to establish "Know Your Customer" policies and procedures. This is meant to assist law enforcement agencies in better identifying money launderers...
Hearing the "D" Word Again; "Disintermediation," That Is
In the mid 1980s, as banking institutions were just beginning to offer alternative investment products such as mutual funds and annuities, internal debates raged in some banks about the business sense of cannibalizing deposits to earn fee income....
How Did We Do?
As I finish my term as president, here's an update on three key fronts of ABA activity this year: 1. Lobbying for competitive equity. For banks to thrive, we need modern financial laws that give us the same flexibility and versatility as our nonbank...
Musing toward a Definition
Bankers from institutions of many sizes claim to be practicing "community banking." Many Americans move their business out of merged banks, in search of "community bank" service--and, when they can't find it, they sometimes charter new banks. ...
New Rules Could Spur Rise in "Grow-to-Sell" Banks
Would-be bankers, bankers who have left their employers voluntarily or otherwise, and interested investors and community leaders stand to gain from the Taxpayer Relief Act's capital gains provisions. A number of community bankers interviewed say they...
Now Being a Bank Director Comes with Instructions
Ever wish there was a simple and straightforward "owner's manual" to go with the seats on your bank's board--the kind of thing you could hand over to new directors so they could stay out of trouble and be of maximum assistance to the bank? Actually,...
Resumes on Tap: New Services Help Lenders Please the Client with Quick Closing - and the Auditor with Assurances of the Mortgage Applicant's Steady Employment
With the pressure on to close mortgages more quickly, automated methods of instantly verifying applicants' employment information are growing in popularity. Just two entities provide the type of information required by the secondary market agencies...
Securitizations and Whole-Loan Sales Provide Wheel-and-Deal Room
Never before have the individual players in the auto-lending community enjoyed such flexibility in funding as they do today. Whatever their market, a wide variety of funding avenues exists to enable them to keep up with consumer demand--and to compete....
The Supermarket Branch Revisited; How Good Are They, Really, When You Crunch the Numbers?
Recent interest in supermarket branches by community banks appears to have increased its momentum in recent months. Given the intense competition for a larger consumer base, banks have followed the consumers to the market, there to try to induce them...
The Thinking Banker's President: Bill McConnell Steers His Bank Carefully and Profitably in an Untraditional World
William T. McConnell had his chance to play in banking's big leagues 37 years ago. And he passed it up. The 26-year-old newly minted MBA interviewed with City National Bank, for a job with the Columbus-based institution. But McConnell decided...
What's at Stake with Unitary Thrifts
Unitary thrift holding companies are corporations--financial or nonfinancial in nature--that own a single savings bank or savings association (or a portion of one, in many cases). Under current law, any company can acquire a single thrift. Unitary...
Why We Need Better Employment Data; the Massachusetts Experience
Economists often look to official statistics to provide basic information. Sometimes, though, such statistics are a source of misinformation. The significant mismeasurement of Massachusetts' economic performance offers a case in point--and a warning...