{{#badges:RealEconomyProject}}The '''American Bankers Association''' states on (ABA) is a banking industry trade association. <ref>[http://www.aba.com/Press+Room/pr_contact.htm ABA Public Relations Contacts], American Bankers Association, accessed October 2010.</ref> According to its website that it , the ABA "works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry's $13.3 trillion in assets and employ over 2 million men and women."<ref name="ABA">[http://www.aba.com/About+ABA/default.htm "The American Bankers Association"], American Bankers Association website, accessed September 2009.</ref>
==BankPac==On its website, the ABA states that "[[BankPac]], the industry's largest political action committee, collects personal contributions from individual bankers, bank-sponsored PACS, affiliated state bankers association PACS, state association executives, and ABA staff. These contributions support candidates seeking election or reelection Ties to the U.S. Senate and House of Representatives."<ref nameAmerican Legislative Exchange Council=="ABA"/>
As of 2011, ABA’s Vice President of Grassroots Advocacy and State Issues, Jamie Clark, represents ABA on the Private Sector Executive Committee of the [[American Legislative Exchange Council]] (ALEC) [[Commerce, Insurance and Economic Development Task Force]].<ref>[http://www.alec.org/Content/NavigationMenu/TaskForces/CommerceInsuranceandEconomicDevelopment/Private_Sector_Executive_Committee1/default.htm], “Private Sector Executive Committee.” American Legislative Exchange Council. ALEC.org. Accessed July 6, 2011.</ref> <ref> [http://www.linkedin.com/pub/jamie-clark/3/881/661 Jamie Clark’s profile], Linkedin, accessed July 8, 2011. </ref> {{about_ALEC}} Jamie Clark is an experienced lobbyist. (The [[Center for Responsive Politics]]’ Open Secrets lobbyist database has an entry for “James Clark,” who is listed as having been a lobbyist for ABA since 2006.)<ref>[http://www.opensecrets.org/lobby/lobbyist.php?id=Y00000076600&year=Personnel2006], “Clark, James.” Center for Responsive Politics. Open Secrets. OpenSecrets.org. Accessed July 6, 2011.</ref> ==Lobbying==The ABA has spent $2,170,000, as of July 2011, on lobbying, according to the [[Center for Responsive Politics]]’ lobbying database. It spent $7,760,000 in 2010, while it spent $9,417,000 in 2009.<ref>[http://www.opensecrets.org/lobby/clientsum.php?id=D000000087&year=2011], “Client Profile: American Bankers Assn.” Center for Responsive Politics. Open Secrets. OpenSecrets.org. Accessed July 6, 2011.</ref> * The SEIU ([[Service Employees International Union]]) writes, "the American Bankers Association (ABA) is leading the campaign to oppose reforms that would hold banks accountable and protect consumers. Since helping to create the economic crisis and taking trillions of dollars in [[Edward Yinglingbailout|bailouts]] supervises and backstops from taxpayers, big banks have been on a lobbying spree. "The ABA heavily lobbied in the 1990s to champion policies that fueled the current crisis including the repeal of the Glass-Steagall Act, which had kept risky investing separate from consumer banking. This left banks with more money for risky investments that ended up in the subprime market. "The ABA has spent $7 million in the three quarters since the bailout to fight reforms- more than the $6.2 million they spent on lobbying in all of 2007. Along with their lobbying partners in the financial, insurance, and real estate sector, they have unleashed $321 million in lobbying in the nine months following the bailout."<ref>[http://www.seiu.org/a /mediakit/abafacts.php The American Bankers Association (ABA) Exposed:], SEIU.org, accessed October 2010.</ref> ==Political contributions==On its website, the ABA states that [[BankPac]] (American Bankers Association PAC), "the industry's largest [[political action committee]], collects personal contributions from individual bankers, bank-sponsored PACS, affiliated state bankers association PACS, state association executives, and ABA staff . These contributions support candidates seeking election or reelection to the U.S. Senate and House of 44Representatives."<refname="ABA"/>Jonathan D In the 2010 U. Salant S. election, the ABA’s BankPAC gave $1,810,000 to [[Republican Party (USA)|Republicans]] and Lizzie O’Leary$869,500 to [[Democrat]]s on the federal level, 67.5% to 32.5%, respectively.<ref>[http://www.opensecrets.org/pacs/pacgot.php?cycle=2010&cmte=C00004275], “American Bankers Assn Contributions to Federal Candidates.” Center for Responsive Politics. Open Secrets. OpenSecrets.org. Accessed July 6, 2011.</ref> In the 2008 U.S. election, the ABA gave $2,812,550 to federal candidates through its BankPac - 58% to [[Republican Party (USA)|Republicans]] and 42% to Democrats.<ref>[http://www.bloombergopensecrets.comorg/appspacs/newslookup2.php?pidstrID=20601103C00004275&sidcycle=axiOjGkS2zYY Citigroup Taxpayer Ownership Doesn’t Prevent Lobbying2008 2008 PAC Summary Data], Bloomberg''Open Secrets'', accessed October 232010.</ref> ==2010-2011 ABA Board of Directors==Includes:<ref>[http://www.aba.com/About+ABA/BD_boardmemberspublic.htm 2010-2011 ABA Board of Directors], 2009American Bankers Association, retrieved Nov. 1 2009accessed October 2010.</ref>*Chairman Stephen P. Wilson, Chairman and CEO LCNB National Bank Lebanon, OH*Chairman-Elect Albert C. Kelly, Jr., President and CEO SpiritBank Bristow, OK*Vice Chairman Matthew H. Williams, Chairman and President Gothenburg State Bank Gothenburg, NE*President and CEO Edward L. Yingling, American Bankers Association Washington, DC * Nessa Feddis Vice President, Senior Federal Counsel, Government Relations Division.
==Contact details==
1120 Connecticut Avenue, N.W.<br>
Washington, DC 20036<br>
Phone: 1-800-BANKERS (1-800-226-5377)<br>
Website: http://www.aba.com
==Articles and resources==
===Related SourceWatch articles===
*[[Electronic Payments Coalition]]
*[[Emergency Home Ownership and Mortgage Equity Protection Act of 2007]]
===External articles===
*Graham Bowley, "[http://www.nytimes.com/2009/11/22/weekinreview/22bowley.html Wall Street's Spin Game]", ''The New York Times'', November 21, 2009.