AIB Overview     AIB Online     AIB Online Schedule     ABA eLearning     AIB Diplomas AIB PRINCIPLES OF BANKING  16-week instructor-led online course Course Description:  Long recognized as the standard introduction to the banking industry, Principles of Banking touches on nearly every aspect of banking, from the fundamentals of negotiable instruments to contemporary issues and developments within the industry. Delivery Methods: Instructor-led online course - AIB Online Overview   Course Start Dates     Enroll Online       Print Registration Form Price $425 NYBA or ABA Members/$525 Non-Members $7.50 shipping/handling fee is added to AIB Online Courses with textbooks.  Length 16 Weeks          For 10-week version, click here. Course Credits AIB: 3.0; ACE: See below Prerequisites None Required Software Adobe Acrobat Reader; Microsoft Internet Explorer Browser 7.0 or Mozilla Firefox 2.0 or higher Textbook Principles of Banking, 10th Edition; 2010, ABA     Fee includes textbook. Self-Study - AIB Self-Study $300 members; $400 non-members (text must be purchased separately) Classroom Training - Textbooks Purchase textbooks for in-bank or classroom training.  Call 212-297-1679 to discuss earning AIB credit for in-bank courses. Audience:  Personnel new to banking at any level. Learning Objectives:  After completing this course, students 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 ACE College Credit Recommendation:  In the lower division baccalaureate/associate degree category, 3 semester hours in Banking, Business Administration or Finance.  The ACE credit recommendation is for the 16-week version only. For further information, call NYBA Professional Development at (212) 297-1679 or email elegg@nyba.com.