Please help improve it or discuss these issues on the talk page. This article contains weasel words: vague phrasing that often accompanies biased or unverifiable information. Text bad Bankers PDF with red question mark.
Författare: Adriano Zanatta.
Some of this article’s listed sources may not be reliable. Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. This article needs additional citations for verification. A plaque marks the building where the ABA was first organized in 1875, Saratoga Springs, New York. The origins of the American Bankers Association are in the Panic of 1873, when St. Louis, Missouri banker James Howenstein found himself in “a tight squeeze,” with only a few hundred dollars in funds and millions of deposits to pay.
Relying on help and intelligence from peer bankers in the form of frequent correspondence, Howenstein escaped his dilemma and realized the value of a bankers’ fraternal organization. The 1873 panic was a well spring of subject matter for correspondence and we cashiers availed of it for the general information. But the time had now come for something better. With our pens we had wished each other the good cheer of a Merry Christmas and a Happy New Year, and that scarcely discharged the pensiveness of our unrelief of bank work. American Bankers Association, which opened on July 20, 1875, in Saratoga Springs, New York, with 349 bankers representing 31 states and the District of Columbia.
Among the ABA’s earliest activities was the founding of the American Institute of Banking in 1903 to provide professional education via examinations and certificates through local chapters. AIB provided an alternative path to careers in banking to collegiate training in finance and law. The ABA, first headquartered in New York City, organized its activities through sections focused on particular bank types. The trust company section was organized in 1896, followed by one for clearing houses in 1899, savings banks in 1902, and state bankers associations in 1908. 400,000 to provide scholarships to study banking, finance, and economics. The Educational Foundation went on to house the ABA’s youth financial literacy initiatives.
The 1930s saw an expansion of the ABA’s professional development activities led by Harold Stonier, ABA’s executive from 1937 to 1952. Stonier founded the ABA Graduate School of Banking at Rutgers University in 1935 with 220 students. Federal-level advocacy became increasingly important to ABA members over the 20th century. The 1933 Banking Act established the Federal Deposit Insurance Corporation, separated commercial banking from investment banking under the Glass-Steagall provision, and the Bank Holding Company Act of 1956 brought additional Federal Reserve oversight to bank holding companies. The ABA achieved a major goal with the passage of the Gramm-Leach-Bliley Act in November 1999. In December 2007—eight years after an earlier, abortive attempt—the ABA merged with America’s Community Bankers to form the largest trade association in the financial industry, representing at that time 95 percent of the banking industry’s assets.
The ABA’s activities are overseen by a board of directors consisting of several bankers, representing institutions of all sizes. The association is led by four volunteer banker officers and a paid president and CEO, and the offices of chairman, chairman-elect, and vice chairman rotate annually. George Fisher Baker, ABA treasurer from 1875 to 1895, co-founder of the First National Bank of New York in 1863, and patron of Harvard Business School. Gage, ABA president from 1883 to 1886 and U. Treasury Secretary from 1897 to 1902. Representative from 1893 to 1895 and ABA president from 1897 to 1898.
Francis Henry Fries, textiles businessman and ABA trust company division president from 1911 to 1912. Robert Maddox, Mayor of Atlanta from 1909 to 1911 and ABA president from 1918 to 1919. Head, ABA president from 1923 to 1924 and national president of the Boy Scouts of America from 1926 to 1946. Melvin Alvah Traylor, ABA president from 1926 to 1927 and co-founder of the Bank of International Settlements. Warren Randolph Burgess, ABA president from 1944 to 1945 and Permanent Representative to NATO from 1957 to 1961. Rathje, ABA president from 1945 to 1946. Joseph Dodge, chairman of the predecessor to Comerica and ABA president from 1947 to 1948.
Olson, ABA president from 1986 to 1987, Federal Reserve Board governor from 2001 to 2006, and chairman of the Public Company Accounting Oversight Board from 2006 to 2009. Duke, the first female ABA chairman from 2004 to 2005 and Federal Reserve Board governor from 2007 to 2013. Steve Wilson, ABA chairman from 2010 to 2011 and an Ohio state senator from 2017 to the present. Frank Keating, governor of Oklahoma from 1995 to 2003 and ABA president and CEO from 2011 to 2015. Matt Williams, ABA chairman from 2012 to 2013 and a Nebraska state senator from 2015 to the present.
Rob Nichols, current ABA president and CEO. Prior to 2002, ABA officers were known as “president,” “president-elect,” and “first vice president,” and the association’s chief executive was known as the “executive vice president. 5 trillion in assets, and employ over 2 million men and women. This section may stray from the topic of the article. 2010 led to a “sweeping overhaul of the United States financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression.