Public Relations >> Press Release, October 18, 2001

Press Release

Contact: Anissa Yates
For Release: 10/18/01
916/441-7377

SACRAMENTO - October 18, 2001 - The California Bankers Association (CBA) today announced its enthusiastic support of Congress' many actions to deter terrorism, including the Financial Anti-Terrorism Act of 2001, which draws on the many resources of the country's financial institutions to track the assets of known and suspected terrorists and put an end to their money laundering.

"The actions that Congress is taking to put an end to terrorism are important ones," said Gary Gertz, president of CBA. "California's banking industry agrees that financial measures are a critical part of the strategy to end terrorism in this country and around the world. "

California's banks are among those working diligently with the federal government to identify the financial accounts of known or suspected terrorists and their supporters and freeze their financial assets upon direction of the federal government.

Information about CBA
Established more than 110 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California's more pressing financial and banking issues, including financial privacy, predatory lending, usage fees, and financial elder abuse. CBA's membership includes more than 300 of California's commercial, industrial and community banks, and savings associations representing nearly all of California's FDIC-insured financial institutions.

For further information, visit www.calbankers.com or contact Anissa Yates at 916/441-7377.