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, August 3

Appeals Court New England Pact Decision
The U.S. Court of appeals for the Second Circuit issued a ruling Tuesday approving the New England regional interstate banking pact. Excerpts from the text of the decision are reprinted here. Appeal from orders of the Federal Reserve Board approving...
CHIPS Opts for Slower Growth to Reduce Credit Risks to Banks; Payment System's Operator Tests New Limits on Network
WASHINGTON -- The Clearing House Interbank Payments System (CHIPS) has a problem unusual among the nation's electronic payment systems. It is growing too fast. On any given day, CHIPS shuttles close to 100,000 transactions, totaling close to $300...
Court Lifts Cloud over Regional Interstate Laws; Federal Appellate Ruling Holds Them to Be Constitutional; Supporters Cheer, but Losers Hint the Fight Isn't Over
NEW YORK -- A cloud of uncertainty has been removed regarding the constitutionality of state laws restricting interstate banking to a particular region, proponents of regional banking said Thursday. They were referring to a ruling this week by a...
Financing Film Productions: Collateral and Risk
In their quest for new sources of business, banks should consider making secured loans to finance production of theatrical motion pictures. This field has traditionally been shunned by many banks because of the risks and the seemingly high degree...
House Panel Backs Secondary Market Expansion
WASHINGTON -- The House Energy and Commerce Committee has approved a bill aimed at increasing participation by private issuers in the secondary mortgage market. The Secondary Mortgage Market Enhancement Act seeks to allow banks, thrift institutions,...
How the Banking Bills May Change
Points of contention in the Senate bill which could inspire amendments during floor debate. * INTERSTATE BANKING -- New York senators Alfonse D'Amato, a Republican and Daniel Moynihan, a Democrat, may launch a filibuster against the bill unless...
Monchik-Weber Gets Earth Stations for Satellite Transmission Network
NEW YORK -- Monchik-Weber Corp. has contracted for 500 micro earth stations for satellite transmission of its Ticker III price and information service. An 18-month agreement with Equatorial Communications Co. will provide Monchik-Weber with a private...
Movie Industry, Riding Boom, Is Glamorous Gamble for Bankers; Growing Roster of Larger Banks Signing Up to Offer Financing for the Production of Films
The last several years have seen "an exponential growth in the banking/film business," according to Malcolm A. Birnbaum, president of United Film Productions and a former vice president in Chemical Bank's entertainment group. This unprecedented...
Securities Industry Asks Court to Rule on Commercial Paper Underwriting; Issue Unresolved in Supreme Court Decision in June on Bankers Trust
WASHINGTON -- The securities industry is apparently looking to the courts to decide whether Bankers Trust Co, is illegally underwriting commercial paper because the Federal Reserve Board has failed to resolve the issue. Bankers Trust and other bank...
The Fate of 1984 Banking Legislation Remains Uncertain
WASHINGTON -- Observers here are hedging many of their bets on the possible outcome of banking legislation in 1984. But representatives of the banking industry remain confident that some form of banking bill will pass this year. "None of us know...