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 9

25 Institutions Hold 25% Deposits
NEW YORK -- There are more than 18,700 deposit-taking institutions -- commercial banks, savings and loans, and savings banks -- in the United States, but almost 26 cents of every $1 in deposits is held by only the 25 largest of these institutions....
AT&T Program for Mortgages Is a Big Hit
NEW YORK -- American Telephone & Telegraph Co., through a new employee benefit program, has become a lucrative branch office for one of the nation's largest mortgage banking companies. The program's success, which guarantees available mortgage...
BofA, Bowery Lead in IRAs
NEW YORK -- As financial institutions scramble toward the April 16 deadline to capture 1983's individual retirement account dollar, here are some facts to think about: * Bank of America NT&SA, San Francisco, the nation's largest deposit-taking...
Bringgold: From Presidential Shoo-In to Persona Non Grata at the IBAA
NEW YORK -- Why wasn't Paul H. Bringgold nominated for the presidency of the Independent Bankers Association of America? Many bankers who came to the group's annual convention in New Orleans last month expected him to take on the top post. Through...
Callahan Mans the Credit Union Helm through the Seas of Deregulation
WASHINGTON -- When Edgar F. Callahan became chairma of the National Credit Union Administration in 1981, one of his first moves was to initiate a battle for deregulation of credit unions. Many politicians and regulators were skeptical, Mr. Callahan...
Draft Regulations on Float Represent Victory of Sorts for California Banks
SAN FRANCISCO--Proposed regulations to implement last year's controversial California "float" bill, limiting the time banks may place holds on deposited checks, represent something of a victory for banks. A draft of the regulations, announced by...
Equitable, Alaska Mutual in Joint Insurance Deal
SAN FRANCISCO -- The Equitable Assurance Society of the U.S., the nation's third largest life insurance company, has entered into a joint service agreement with Alaska Mutual Bank, Anchorage. Under the agreement, the insurer will sell some of its...
Executives Must Learn the Risks in Commercial Lending
BOSTON -- Presidents and chief executive officers from 170 thrifts in the Washington area were invited recently to a one-day seminar on commercial lending. Only five of them accepted the invitation, and two of those were from the same institution....
Friday's Rally Fuels Notion That Prices May Start to Stabilize
CHICAGO -- Traders believe the latest plunge in futures and credit markets may have bottomed out and that prices could stabilize or maybe even climb a little more following Friday's sharp rally. A flurry of short-covering boosted Treasury bond futures...
It's Time for Bankers to Toughen Their Image
One of the ironies of banking today is that while deregulation gives the industry greater freedom to price services as profit- seeking institutions in a free-market environment, counterpressures are growing to force banks to act more like public utilities,...
New York Banking, Insurance Chiefs Campaigning Hard; but Not for Mondale, Hart, or Jackson - Officials Seeking Support for State Commission's Deregulation Plan
ALBANY, N.Y.--Since the controversial report of the Temporary Commission on Banking, Insurance, and Financial Services was released, the New York State superintendents of banking and insurance have been putting their positions on the line throughout...
Securities and Banking Officials Clash in House Hearing on New Powers
WASHINGTON -- Officials of the banking, securities, and insurance industries clashed last week over House legislation that would expand bank powers. The bickering between officials of the Securities Industry Association, the American Bankers Association,...
Texas Federal Board Meets to Consider Takeover Bids
DALLAS -- Texas Federal Financial Corp., the second largest savings association in Dallas, held a special all-day board meeting Friday to consider bids for its takeover. Texas Federal halted trading in its stock Thursday at 11:16 a.m. to announce...
The 'Five I's' Will Maintain Citicorp's Industry Domination and Impact
Nineteen eighty-three was the watershed year for our consumer business, we had a plan, we modified the plan as we went along, working within a shifting regulatory environment, which, as you know, was not always conductive to our best efforts. In...
Treasury Plan to Monitor EFT Draws Criticism; ABA 'Less Than Happy' with Proposal to Check Transactions for Criminal Activity
WASHINGTON -- The Treasury Department's sweeping proposal last week to monitor transactions between U.S. and foreign banks for possible criminal or drug-related dealings surprised the banking industry and already has generated some criticism. The...