ABA Banking Journal

Founded in July of 1908, ABA Banking Journal online contains the complete text of ABA Banking Journal, a monthly magazine on commercial bank operation and management published by Simmons-Boardman Publishing Corp. Articles cover employee relations, recruiting and training. Subjects in the magazine also include installment, mortgage, commercial, and industrial lending as well as correspondent, foreign, and retail banking; deposit gathering; bank cards; asset and liability management; data processing and telecommunications; security; government relations; and legal and regulatory developments. The publication also provides a calendar of ABA-sponsored courses, seminars and workshops. William W. Streeter is the Editor-in-Chief and Robert DeMarco is the Group Publisher/Senior Vice President. Steve Cocheo is the Executive Editor and Andrea Rovira is the Editorial Assistant.

Articles from Vol. 96, No. 6, June

A New Era Begins: Making the Transition to a Revised Check Processing Scheme
When the Check Clearing for the 21st Century Act--or Check 21--takes effect on October 28, it will be the start of a new era in check processing in which image will transition from bit player to ensemble actor. Of course, Check 21 isn't a mandate...
Appraisers Seek Independence from "Lender Pressure"
To appraiser Gary Taylor, a good gauge of what it means for a real estate appraiser to enjoy independence can be found much closer than the U.S. statutes of federal banking regulations. He turns to his handy Webster's. One of the first definitions...
A Wider View of Image Exchange: Don't Overlook Its Ability to Create an Expanse of New Revenue
A scan of today's financial industry landscape reveals one prominent point of interest--check image exchange. As the date for enactment of Check 21 legislation draws near, the conventional thinking has been to make an investment in image exchange technology...
Banking's Top Performance 2004: Part 1: Banks with Assets over $1 Billion
In some ways 2002 was extraordinary for its ordinariness--retail ruled and banks that made mortgage loans and opened checking accounts made lots of money for themselves and their investors. In 2003 the picture began to change. Many of the top performers...
"Bring Us Your Rejects" or "Factoring for Profitability"
Not many community banks can claim General Motors as one of their debtors. But then again, Troy, Mich.'s Crestmark Bank isn't like most community banks. In fact, General Motors represents the bank's largest "debtor." Crestmark is something of a...
Career Opportunities in Banking
While job prospects for new graduates aren't bright in many sectors of the economy, employment in the financial services industry is expected to grow. "The financial services sector will continue to play a key role in creating jobs in the U.S. economy...
E-Checks Pace ACH Growth: Good News: Internet Payments Triple. Bad News: 87% Are Going through PayPal
Last year businesses, consumers, and the federal government processed ten billion electronic payments worth $27.4 trillion over the automated clearing house system. That was 12% more than 2002, according to NACHA, rule maker for the national, networks...
Enterprise Image Archive: An Outsourced Solution
In the years following the September 11 tragedy, there has been an increased focus on corporate disaster recovery, including a greater scrutiny by regulators and compliance officers. The massive blackout along the East coast in the summer of 2003 further...
Ethical Banking
"IN GOD WE TRUST, ALL OTHERS WE virus scan." --Author Unknown I truly believe that banking is one of America's most ethical professions. The bankers that I know--and I know many--deal fairly with their customers. They are honest in their dealings...
For Dumb Service, Press 1
IS THERE ANYONE READING this who prefers using a voice response system to having a person answer a phone and direct your call? Maybe there is, but I'm not one of them. And I don't think I'm alone. Even dealing with a rude of disinterested person...
Getting a Window on Compliance: New Tools Can Help Compliance Officers Get Their Workflows and Must-Do's Organized
If something as intricate and demanding as compliance can be summed up in a few words, they might be, "more urgent than ever." New regulations have come fast and furious in recent years--think Sarbanes-Oxley and the Patriot Act as notable examples....
Globalization and Its Malcontents
ARE JOBS BEING "EXPORTED" to foreign countries as businesses struggle to cut costs? Are high-wage industries succumbing to import competition? Are workers displaced from "good" jobs taking pay cuts just to stay employed? You bet. It happens every day....
Grappling with Substitution: Just How Many of Those "Substitute Checks" Will There Be?
As stated in the introduction, Check 21 doesn't mandate image exchange or conversion, but it does encourage these processes by legalizing substitute checks. And so a good place to pick up the thread of the Check 21 narrative is with these documents....
High-Caffeine Banking: Take One Part Aggressive Acquiror, One Part Branch Builder, Lace in More Variations on Incentive Compensation Than You Can Count. Serve Very Hot, and You've Got North Fork Bancorporation
Don't drool when you see North Fork Bancorporation's efficiency ratio: In 2003, the ratio came in at 34.3%, incredibly low for any bank, and especially for a bank with a ubiquitous branch network. That number, please understand, is actually high for...
"I Pledge Allegiance to the Customer": Oriental Financial Group's Customer "Bill of Rights" and Employee Service Pledge Help Set the Bank Apart
What defines success? One answer may focus on how many products you can sell. Another answer may be what your customers think of their interactions with you. At Oriental Financial Group (OFG), San Juan, Puerto Rico, these two answers fit under the...
Looking for Ms./Mr. Right: Could Your Marketing and Branch Managers Pick out Your Most Profitable Customers? and If They Could, Then What?
How banks answer the above questions varies widely, but thanks to increasingly sophisticated technology and a rekindled interest in customer profitability measurement, a respectable number of banks would be able to answer "yes" to the first question....
On the Road to Image: Internal Changes, Working with Exchanges, and Where to Capture
For banks that want to make the most of the Check 21 opportunity, hard re-engineering work lies ahead. Internally, banks wishing to work with image need to figure out where and when to capture. They will need to set up systems to send images, and--tougher...
Secure E-Communications Are Top-Line Issue for Banks: Competitive Advantages Extend Well beyond Compliance
Banks that move quickly and aggressively to implement secure messaging--particularly secure messaging--secure email, live chat and instant messaging--are gaining a powerful competitive advantage over those that don't. Not only do they comply with regulatory...
The Headache
In many banks, the look and function of the branch is changing. The question of the moment is whether the teller's job is changing with it. Going by this comment, the answer would seem to be, "yes." "Today we're looking for sales people, folks with...
When Will It Come Together? Sorting out the Check Image Timeline-Who's Likely to Do What and When
Ask ten people questions about the implications of Check 21, and you'll get a cornucopia of conflicting answers. But a wildly divergent response is especially evident when you ask what type of institution--or how many--will take advantage of the...
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