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, November 5

Adequate Antitrust Laws Needed for Small Banks
To the editor, Stephen A. Rhoades' paper on the effects of interstate banking ("Interstate Banking: No Big Threat to Small Banks," Oct. 11, papge 4) lays out a strong case for the survival of community banks. I agree wholeheartedly with his conclusion...
Chemical Goes Full Tilt in High Tech; Industry Pioneer Signals Commitment with Plan to Spin off R&D Subsidiary
NEW YORK -- When Chemical Bank conceived the idea of a computerized cash management service a decade ago, the stakes were low. A half-dozen employees were pressed into service, and they spent no more than a few hundred thousand dollars over a period...
CMO's Treated as Sales Could Be Subject to Corporate Tax
WASHINGTON -- A recent proposal of the Financial Accounting Standards Board aimed at allowing issuers of Collateralized mortgage obligations to treat the deals as sales of assets is likely to do little to help the market, Wall Street lawyers and traders...
Farm Loans Yielding a Grim Harvest for Banks
SAN JUAN, Puerto Rico -- Commercial banking has turned into a bleak and painful trade in some parts of the United States. In America's heartland, the nation's breadbasket, bankers are foreclosing on farm properties that have been owned for 100 years...
Fed Faces New Pressure to Expand Money Supply
The Bond Buyer Reagan Administration officials took level aim at the Federal Reserve Board last week, stepping up the pressure on the central bank to expand the nation's money supply and allow interest rates to decline. In repeated attacks, senior...
Hammer Leaves Chase to Become President of PSFS
PSFS, formerly the Philadelphia Saving Fund Society, announced Friday that Chase Manhattan Bank executive Frederick S. Hammer has been named president, subject to approval of the full board of managers at its Nov. 9 meeting. If approved, he will...
Knight-Ridder Will Try Again with Videotex
NEW YORK -- Knight-Ridder Newspapers Inc. plans to design new electronic products -- such as corporate message systems and distribution systems for business information -- based on the videotex technology the company developed for its Viewtron service,...
Losses by Incumbents Could Presage Shifts in Congressional Banking Policy; Several Key Members of House and Senate Committees Face Tough Races
WASHINGTON -- While most of the nation will be watching the election returns Tuesday night with eyes glued on names like Reagan and Mondale, a small group of citizens also will be squinting in front of the TV to check out what is happening to candidates...
Military Banks Address Mobile Depositor Needs
MEETING THE TOP officers of the Association of Military Banks at their convention last month in Colorado Springs was a wonderful way to get a perspective on how a mobile American population causes banking institutions to work in unusual ways to meet...
Traders Look to Fed Funds Rate for Fate of Latest Bond Rally
CHICAGO -- The level of federal funds today may well determine whether the latest rally in the bond markets has reached its peak. Traders regard the benchmark rate on these overnight funds as crucial in assessing whether or not the Federal Reserve...