American Banker

American Banker is a Monday to Friday daily trade newspaper owned and published by SourceMedia, Inc. American Banker is headquartered in New York, N.Y. and was first published in 1836. Readers of American Banker are primarily high ranking banking executives and those with billions of dollars in assets. Seventy percent of American Banker readers hold senior management positions and 66 percent come from financial institutions, with 55.8 percent of those working in the commercial and retail banking sectors. Twenty-one percent of the readership control assets totaling $50 billion and above. The newspaper is published across the United States.In the 1960s, then-editor William E. Zimmerman traveled around the United States reporting on the civil rights movement by asking African-Americans what they needed from the banking industry and in turn interviewing local bankers to find out what services they were providing for African-Americans.In 1988, American Banker reported that the Japanese have the 10 largest banks in the world and that the U.S. banks, for the first time in three decades, were knocked out of the top 25 due to the falling dollar. Citibank, the largest bank in the U.S. at the time, fell from the 17th largest bank in the world to 28th, with $101.1 billion in deposits.American Banker was also the first national publication to report extensively on the fall of Penn Square Bank in Oklahoma City. Marc Hochstein is the Executive Editor, John DelMauro is the Vice President and Group Publisher, Richard Melville is the Group Editorial Director, Banking, and John DeCesare is the Group Publisher.

Articles from Vol. 149, April 23

1st California, Sony to Come to ACH Agreement
SAN FRANCISCO -- Use of the automated clearing house system for corporate trade payments will be implemented on a regular basis next month by First California Bank, Los Angeles, and Sony Corp. of America, the bank is expected to announce Monday. ...
Bank Board Plans to Introduce New Version of Risk-Based Deposit Insurance
WASHINGTON -- The Federal Home Loan Bank Board is gearing up to introduce a version of risk-based deposit insurance that would assess additional premiums for any venture outside the mortgage lending business. The agency's staff is drafting legislation...
Bank Industry Earnings Mixed in First Quarter; Earning Asset Volume Is Partly Offset by Narrower Margins
NEW YORK -- Bank industry earnings were mixed in the first quarter as many money center and regional bank holding companies contended withnarrower margins that were only partly offset by higher earning asset volume. While domestic nonperforming...
Banking Panel Members Vie for N.H. Senate Seat; Humphrey-D'Amours Contest Too Close to Call
WASHINGTON -- There is another campaign catching the eye of the banking industry besides the Democratic presidential race. It pits two congressional banking committee members against each other in a contest for a U.S. Senate seat in New Hampshire....
Eight More File Applications for Consumer Banks
NEW YORK -- Eight more banking companies last week filed applications with the Office of the Comptroller of the Currency to take advantage of a recent Federal Reserve Board ruling allowing banks to establish limited-service institutions across state...
Interstate Banking and Florida Public Interest
I. Introduction It is important to highlight the focus of the anlysis presented in this chapter. This report stresses the public interest. Accordingly, the public benefits and costs accruing to Florida citizens -- users of financial services --...
In the Sleepy, Crime-Free Town of Valley City, N.D., Fortunes of Bank No. 5,000 Depend on Agriculture
NEW YORK -- Valley City, N.D., is a quiet town -- so quiet that police there don't have much to do. "Therehs such a low crime rate that people poke fun at our police reports," said Dick Plumm, general manager of the Valley City Times-Record, the...
Prices Could Fall Further as Traders Remain Highly Bearish
CHICAGO -- Traders have turned extremely bearish on the futures and credit markets. Prices could fall further in the next few days or, at best, stabilize to hold just above their recent lows. Few traders can think of a single positive factor...
The American Banker 5,000: Big Gain in Deposits Posted; Mergers Help Swell 1983 Total to $1,656 Trillion; Industry Trend toward Consolidation Continues
NEW YORK -- Mergers accounted for 21.8% of the gain in deposits posted by the top 5,000 commercial banks in the nation last year, the American Banker found in its annual survey of this group, being published today. The American Banker 5,000 had...
The Changing Boundaries in British Financial Services
Changing boundaries in financial services is admittedly a rather pedestrian description for a development which is in reality of great importance for the future of the financial services sector in this country. The excitement comes not in the development...
Treasury Yields Soar as Market Gets Jittery; Absence of Investors, Flurry of Dealer Sales Fuel Pessimistic Mood
NEW YORK -- The mood in the U.S. government securities market turned extremely pessimistic last week amid a conspicuous absence of investors despite the highest yields in a year and a half and selling flurries by dealers and institutions. The end...
Use Your Ingenuity to Achieve Distinction
HOW CAN YOU make your bank seem different in the public's eye from all the other financial institutions in town? This has always been a difficult enough job before deregulation, but now it is even tougher. For with banks, thrifts, credit unions,...
World Bank's Immunity Frustrates Woman in Sex Discrimination Case
WASHINGTON -- Susana Mendaro claims she was a victim of sexual harassment and discrimination while working at the World Bank, but she can't get an official hearing on her case. The former World Bank employee has been pressing her claim for nearly...