Academic journal article ABA Banking Journal

The Alliance: A Foundation for a Stronger Economy

Academic journal article ABA Banking Journal

The Alliance: A Foundation for a Stronger Economy

Article excerpt

IT IS AN honor to serve as this year's Alliance of State Bankers Associations chairman. My vision for the Alliance this year comes from its fundamental definition--a group of complementary entities that collaborate in pursuit of a common goal.

Our common goal is to defend the banking industry and the bankers' ability to serve their communities. We must never forget that banking is a noble profession. Banks are institutions whose people help their customers achieve their goals and help make their dreams happen every day throughout the country.

Our name truly reflects the nature of the organization, an alliance of state bankers associations from all 50 states and Puerto Rico. It is an agreement between the state bankers associations and ABA to mutually cooperate on crafting and supporting federal legislative efforts. It is a collaboration of common interests, not a collective. Each state association is free to choose whether or not to support any particular Alliance initiative and position. But, without broad support from the states, it's usually a recipe for a failed congressional agenda.

The Alliance takes full advantage of the complementary strengths of the hometown influence of individual state bankers associations and their member bankers with the resources of ABA to get legislation passed or stop bills from passing. Together, the Alliance members provide muchneeded advocacy for our member banks both in Washington, D.C., and in our state capitals. As the saying goes, "all politics is local." Having the broad-based support of the Alliance membership is a factor for congressional action.

Over the decades, the Alliance members have worked vigorously together to fashion and gain passage of federal legislation that was a result of consensus and compromise within the banking industry. From the Depository Institutions Deregulation and Monetary Control Act to the Gramm-Leach-Bliley Act, sweeping legislation succeeded because the Alliance was there to craft an approach that garnered needed support within the industry. …

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