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. 94, No. 10, October

12 Questions to Ask before You Jump into Insurance. (Community Banking)
For Rick Kolkman, a whole new line of business was set in motion when, one day on the golf course, a local agent asked him between shots, "So when are you going to go into the insurance business?" Much later, Kolkman, president of $476.7 million-assets...
A Core Constituency with Unmet Needs. (Briefing)
For most banks, small business is a mainstream market, a source of low-cost deposits and profitable lending. It's no secret, of course, that this diverse segment of the business market has been the target of many nonbank lenders. As the feature...
As E-Banking Market Grows, Vendors Shrink. (Web Notes)
Among the top 200 U.S. financial institutions, e-banking (via the internet) is a "must have" competitive necessity today. Only three years ago, less than half of that elite group offered customers web access to their accounts. Some 39% of FIs use...
"Bankers' Hours" Bulge. (Briefing)
Think of a career with unsociable hours, such as banking....Banking? Yes, if you found yourself working in the Gloucester Township branch of Commerce Bancorp, the bank that epitomizes what market observers agree is a trend toward longer and longer...
Flood Insurance Errors Can Wash Away Profits. (Compliance Clinic)
Item: Your most productive commercial Loan officer tells you that he has waived the flood insurance requirement on an industrial property located in a flood hazard zone because the borrower didn't want to purchase flood insurance and he is a "good...
Guess Who's Rating Your Bank? Besides the Regulatory Agencies, One or More of Six Private Companies Keep Tabs on You. What You Don't Know Could Hurt You. (Bank Management)
As business decisions go, it seemed like an obvious one for Ron Kukes. It was the summer of 2001 and a corporate customer of Kukes' bank--First Interstate Bank of Alaska, which has since changed its name to Alaska Bank & Trust--had just sold...
How Do I Set Up a Stock Option Plan? While Post-Enron Thinking Will Influence Decisions, Stock Plans Still Present a Viable Way of Incenting Key Player's Behavior. (Community Banking)
Don't even consider stock options for your officers, directors, and employees unless you think the right ultimately to obtain stock at a discounted price serves as an incentive to enhance the value of your bank for all shareholders. According to...
I Learned on the Job. (ABA President's Position)
"I WORKED REAL HARD TO LEARN TO play first. In the beginning, I used to make one terrible play a game. Then, I got so I'd make one a week, and finally, I'd pull a real bad one maybe once a month. At the end, I was trying to keep it down to one...
Is the Fed's Discount Window Proposal Justified? (the Economy)
THE FEDERAL RESERVE RECENTly proposed a new alternative short-term borrowing mechanism for banks, in an attempt to lower the volatility of the federal funds rate during the end of the reserve adjustment period. Ironically, our latest analysis reveals...
"Just Do Something". (Editor's Column)
William W. Streeter THAT IS AN INCREASINGLY familiar sentiment among bankers regarding credit unions. Their frustration and anger continues to build over the tax exemption of these direct competitors and the flouting of their so-called common...
Low Profile, High Energy: New ABA President Aubrey Patterson -- Regional Bank CEO with a Penchant for Quietly Making Things Happen. (Cover Story)
Say "Tupelo, Miss.," and most people, if they know the place at all, will think of one thing. The small Mississippi city that was the birthplace of Elvis Presley. The two-room house he lived in till he was 13 is still there, about two miles from...
Mailbox
REFIS AND MORTGAGE SERVICING DISCLOSURE Q. Are mortgage servicing disclosures necessary when a loan is being refinanced? A. Yes. If the Loan is a first lien and it meets the definition of a "federally related mortgage loan" (set forth in 24...
N.Y. Fed's Approach to Risk: The Bank's View of Basel II and Its Own Internal Risk Structure Reflect the Accumulated Experience of Supervising Some of the World's Most Complex Banks. (Risk Capital Role Models: First in a Series)
The proposed new standards of bank capital regulation, termed Basel II in recognition of the authoring Basel Committee on Banking Supervision, have stimulated much interest in the expanded powers and responsibilities of bank overseers. Within Basel...
Over the Top: One of Washington's Sacred Cows Is Beginning to Roar like a Lion. Credit Unions Resemble Tax-Exempt Banks More Than Ever, and the Facts Aren't for the Squeamish. (Competitive Industry Profile)
"Credit unions are our invisible competition," a community banker declared to a group of his fellows at a recent government affairs conference. The thing of it is, for an "invisible competitor," the credit union industry is casting a larger and...
"Pass the Aspirin". (Community Banking)
If you have a management conundrum you'd like input on, send it to Steve Cocheo, executive editor: e-mail: scocheo@sbpub.com; fax to 212-633-1165; or mail to ABA Banking Journal, 345 Hudson St., New York, N.Y. 10014 THE HEADACHE John R. Nystrom...
Profitable Subprime Loan Servicing. (Special Advertising Supplement)
In the mortgage industry, there are significantly higher revenue and margin opportunities in nonprime (or subprime) loan servicing when compared to prime servicing. However, higher margins and increased revenue can only be realized through focused...
Putting the FIST to ATM Crime. (against the Grain)
The experts state the best way to prevent crime at ATMs is to pay attention to the three Ls: Lighting, Landscape, and Location. This is good advice; all vermin prefer the shadows whether found in dark alleys or behind the kitchen cupboards. Good...
Taming the Technology Beast. (Dialogue)
ABABJ spoke recently with Bob Shear, chief technology officer of GreyStone Solutions, a consulting and deployment firm based in Woburn Mass., on the subject of how to best manage an IT infrastructure. Much of the talk centered around ideas Shear...
The Role of the Board in Lending, Part 1 of 3 Parts: Reexamining Directors' Role in the Lending Process. (Community Banking)
Never do so many amateurs attempt to play professionals as when your board attempts to approve loans. But what should be the board's appropriate role and how can directors do the right job better? In this and two further instalments we'll explore...
This ATM Can Do It All: 7-Eleven Reaches out to the Unbanked with Highly Functional Machines. (Tech Topics)
The retail innovator that gave us Slurpee and Big Gulp soft drinks has decided to get even more creative with its product mix by offering automated banking services beside the snack chips. True, 7-Eleven, with headquarters in Dallas, always offered...
Trust Preferred Securities. (Special Advertising Supplement)
History On October 21, 1996 the Federal Reserve Board "approved the use of certain cumulative preferred stock instruments in Tier 1 capital for bank holding companies." These instruments are commonly known as Trust Preferred Securities ("TPS")....
Who's Unfair and Deceptive? (Briefing)
Could be you, says OCC Chief Counsel Julie Williams. Better read on... For some time now, the Comptroller's Office, in an effort led by Chief Counsel Julie Williams, has been warning national banks about steering clear of "unfair and deceptive"...

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