Principles of Banking - 2 day class - Wausau

Tuesday – Wednesday/ November 6-7, 2018 /  8:30 – 4:30pm each day

2-day Principles of Banking classes co-sponsored with Wisconsin Bankers Association

Peoples State Bank
1905 Stewart Ave.
Wausau, WI 54401
The eleventh edition of Principles of Banking contains updated information throughout with new materials on bank regulation, electronic banking and fraud. Click here for a detailed breakdown of the chapters.   New information is provided on such topics as:
  • Overall trends in such areas as regulatory evolution, financial services expansion, intensified competition, technological advances, service delivery, and social media use in banking
  • U.S. banking system development, including how the banking industry has been affected by recent economic developments and ensuing regulatory change
  • Enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act and its impact on many areas of banking, including consumer lending
  • Delivery of bank services via mobile devices such as smart phones and tablets
  • Electronic check processing and how technological advances are increasingly moving the United States toward a checkless society
  • Developments in perpetrating and combating check fraud
  • Virtual banks as an alternative to traditional brick-and-mortar banks and branches, and their competitive and service delivery implications
  • Virtual currency, such as bitcoins, and its potential and limitations as a medium of exchange
  • Continued expansion of Internet banking, including as a means of furthering consumer lending and investment
  • Creation of the Consumer Financial Protection Bureau and its effect on the banking industry with regard to implementing new consumer protections in such areas as mortgage lending
  • New developments in many other regulatory and legal areas, including the enactment of the Credit Card Accountability, Responsibility and Disclosure Act and its implications for bank customers with credit card accounts, changes to the Truth in Lending Act and Real Estate Settlement Procedures Act mortgage disclosures, and more
  • Demographic and societal trends as they impact banking services, including insurance products, such as health insurance and long-term care insurance, and retirement planning and pension plans
  • Bank marketing developments, including new ways of reaching customers through Facebook, Twitter, Flickr, or other social networking services, text messaging, online chats, shopping tools, and so forth
  • Banking industry’s social responsibility efforts, including promoting financial education and offering products for unbanked and underbanked consumers
  • Identity theft and other rising security threats to customer information and the measures banks are using to address those threats
  • Latest bank fraud schemes and how banks are responding
Exhibits have also been updated and new exhibits added to illustrate and clarify new material.For 85 years, Principles of Banking has supported the profession of banking and the professional success of bankers.   Principles of Banking covers every aspect of banking fundamentals – from the role of a bank employee to safeguarding the bank, the economy and the nation – and is the foundation for all ABA/CFT diplomas and successful banking careers.  It is the perfect course for every employee and is the most effective way to introduce new personnel to the banking industry.After completing this program, you will be able to: 
  • Discuss the relationships banks have with their customers and their communities and describe the traditional, non-traditional, and electronic services that banks provide
  • Explain the evolution of commercial banking in the United States and the federal legislation that shaped its development
  • Describe the creation of the Federal Reserve System and the Fed’s role as the agent of monetary policy and as a bank regulator
  • Discuss various deposit instruments, the many ways customers can make deposits, and the means tellers have for establishing a customer’s identity
  • Define negotiable instruments as they relate to checks and describe the features that make a check negotiable
  • Distinguish between paying a check and cashing a check and explain the procedures for paying checks received through the check clearing system, including relevant regulations and consequences of wrongful dishonor
  • Explain the process a bank must go through to post a check to an account and discuss controls and security measures that protect the bank and tellers from losses due to fraud
  • Discuss the legal restrictions on bank loans, describe the role of the bank’s board of directors in establishing and overseeing lending policy, and identify basic loan categories
  • Explain the objectives of funds management, including asset and liability management, and the objectives of bank investments
  • Recognize the importance of accurate accounting data and describe the categories on the balance sheet and income statement
  • Discuss the components of the marketing concept and how understanding customers and market research lead to the success of marketing efforts
  • Explain specialized services offered by banks, including trusts, safe deposit services, and global banking services, and newly expanded brokerage and insurance services authorized by the Gramm-Leach-Bliley Act
  • Describe how electronic funds transfers systems and bank cards facilitate purchases, discuss home banking options for consumers and cash management options for businesses, and explain some of the systems developed to provide security and prevent loss
Audience:     Personnel new to banking at all levels. Credits: 1.0 ABA/CFT
Prerequisites: None
The Registration Fee includes daily light breakfast, lunch, refreshments, textbook and all course materials.
Instructor: Jackie Judd

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Course / Seminar Type: In-Person Course / Seminar
Course / Seminar Category: General Banking
Course / Seminar Code: 1370WAU
Course / Seminar Start Date: 11/06/2018
Course / Seminar Price: $550
Course / Seminar Location: Wausau