Latest Operations Topics

In an article in the American Banker May 8,1990, Ann Richards, Treasurer for the state of Texas, talked about how things were done before she instituted electronic funds capability.

"Reg E" from the Federal Reserve Board limits liability for unauthorized withdrawal to $50 if the institution is notified within two days of a lost or stolen card.

The teller at the deposit window of the bank sharply reprimanded a man because he had neither filled out a deposit slip nor put his loose silver in the special little rolls of specified amounts.

(Part II)

In our last issue, we talked about problems related to giving and getting references on "new-hires".

A convicted bank robber sued the city of Oakland and the bank he robbed for $2 million, claiming he suffered excruciating pain when a bundle of stolen cash, containing a dye pack, exploded in his p

In June the Internal Revenue Service will send financial institutions a list of accounts on which were reported an incorrect Taxpayer Identification Number.

DOES THE WORD "SALES" STRIKE TERROR INTO YOUR HEART?
You probably do not consider yourself a salesperson. There may be a couple of reasons for you to feel this way.

"DEATH PENALTY" REVISED

A six week course has been created to teach basic skills to applicants who would like to work in the banking industry, but who lack the particular skills to do so.

Comment is to be to the Federal Reserve Board of Governors by June 4 on the revision on Reg P (Minimum Security Devices and Procedures). EDITOR'S NOTE: This article was originally written in 1990.