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The American Bankers Association (ABA) is a free-trade and professional association that promotes and advocates issues important to the banking industry in the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
. The ABA's national headquarters are in Washington, D.C
Washington, D.C.

Washington, D.C. , formally the District of Columbia and commonly referred to as Washington, the District, or simply D.C., is the Capital of the United States, founded on July 16, 1790....
. In addition to its trade association mission, the ABA also performs educational components for consumers through its Educational Foundation affiliate.

Organization
While the ABA works on a national level, it also is supported by state operated offices (sometimes referred to as “Leagues”) which focus attention on state level support.






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The American Bankers Association (ABA) is a free-trade and professional association that promotes and advocates issues important to the banking industry in the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
. The ABA's national headquarters are in Washington, D.C
Washington, D.C.

Washington, D.C. , formally the District of Columbia and commonly referred to as Washington, the District, or simply D.C., is the Capital of the United States, founded on July 16, 1790....
. In addition to its trade association mission, the ABA also performs educational components for consumers through its Educational Foundation affiliate.

Organization


While the ABA works on a national level, it also is supported by state operated offices (sometimes referred to as “Leagues”) which focus attention on state level support. Both the ABA and the state organizations are dues supported trade associations. Both the state and national offices also operate Political Action Committee
Political action committee

In the United States , a Political Action Committee, or PAC, is the name commonly given to a private group, regardless of size, organized to elect political candidates....
s (PACs) which use registered lobbyists to work for laws that are advantageous for the banking industry. The president of the ABA is Edward Yingling.

ABA has assigned 9 digit numeric to banks for eg, the ABA for JPMCHASE is 021000021

Trade Association Strategic Priorities


In 2003, 2004 and 2005, the ABA identified the elimination of the tax-exempt status of some competitors (Credit unions and other co-operative non-profits) in the United States as its primary strategic political goal. The ABA feels that large credit unions, which provide consumer first mortgage
Mortgage

A mortgage is the transfer of an interest in property to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt....
s, should be compelled to comply with the Community Reinvestment Act
Community Reinvestment Act

The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings and loan association to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods....
 (CRA).

The ABA contends that bringing credit unions into parity with banks on taxes will “level the playing field for banks.” As of March 2008, there were 132 credit unions with assets greater than $1 billion (NCUA Data) compared to 504 banks and 162 thrifts (FDIC Statistics on Depository Institutions (SDI)).

See also

  • Routing transit number
    Routing transit number

    A routing transit number , routing number, or ABA number is a nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as cheques that identifies which financial institution it is drawn upon....


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