CBA Publications >> Members' Only Publications >> Current Events

Current Events - 03/25/2002

Industry Brief

The New York City Council has introduced a bill that would prohibit the city from conducting business with any firm that directly or indirectly engages in predatory lending practices…The National Association of Realtors began its radio advertising campaign to gain support for its legislation that would prevent banks from owning local real estate companies…The State of Iowa has rescinded its ban on ATM surcharges…A recent Harvard University study concluded that banks made “significantly” more loans to lower-income people from 1993-2000 than they would have without the Community Reinvestment Act.

CBA Compensation & Benefits Benchmark Survey

The CBA Compensation & Benefits Benchmark Survey Committee is racing the calendar to mail the final survey document to you by August 15, 2002. We heard your feedback loud and clear for the last three years and have made the timely delivery of the report our number one goal for the 2002 survey. We are also looking for ways to provide “value added” information for you.

Perry-Smith LLP was recently awarded the contract for consulting on this annual project and for compiling the survey data. They have built a new database that will reduce the amount of time it takes to process your input and will also improve the quality of the data results. Perry-Smith will also be responsible for validating all of the input data to increase the reliability of the information that you use for making compensation and benefit decisions in your organization. This has always been of the utmost importance to the committee, even if it meant delaying production of the report.

The effective date of the pay data will be April 1. Survey documents will arrive in financial institutions by that date. All data must be submitted to Perry-Smith by May 1. If we are to deliver the results to you by August 15, we will not be able to make any exceptions to this deadline. This is a much stricter approach than in the past. Please be sure that your organization is ready to receive and respond to the survey. Your cooperation in this regard is critical to meeting our goal.

The Survey Committee is excited about the changes taking place this year and expects to have 100 percent satisfied customers in August.

Pitney Bowes equipment for lease

As a result of the merger with the Western League of Savings Institutions, CBA has taken over the lease of Pitney Bowes equipment for which we have no current need. The equipment consists of: Paragon II Mail Processor; 5 Series Tabletop Inserting System; FD40 Folding Machine; SmartMailer Software for AddressRight Systems; and W700 Series Addressing System. For more detailed information about the equipment, log on to the Pitney Bowes Web site at www.pb.com. The lease cost is $15,607 per quarter and the lease expires on July 31, 2004. CBA is actively looking for a company to assume the lease. If you are interested in any of this equipment of would like additional information, please contact Elinor Heller in our San Francisco office at 415/284-6999 ext. 231 or by e-mail at eheller@calbankers.com.

3/25/02