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AMBA Fall Workshop: Current Issues and Updates in Army Banking Program

Join us at the Association of Military Banks of America (AMBA) Fall Workshop to learn about the latest initiatives, updates, and current issues in the Army Banking Program. Get information on e-commerce impact, responsibilities, and training opportunities. Don't miss this valuable event!

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AMBA Fall Workshop: Current Issues and Updates in Army Banking Program

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  1. Association of Military Banks of America (AMBA) Fall Workshop CPT Christopher J. Anderson Department of the Army Banking Officer christopher.j.anderson148.mil@mail.mil United States Army Financial Management Command (USAFMCOM) 30 August 2016 Unclassified

  2. Agenda Banking Program Overview Partners Current Issues Initiatives/Updates E-Commerce Impact POC Information Questions

  3. Army Banking Program • Responsibilities • Advises ASA(FM&C) and USAFMCOM Commanding General on banking policy • Works closely with federal agencies and trade associations • Liaison for Training with Industry (TWI) financial institution and student • Trains, facilitates, and resolves banking issues • CONUS on-post financial institutions • 87 installations with 60 credit unions and 16 banks • One bank and one credit union per installation • Overseas Military Banking Program (OMBP) • 66 (34 Army) branches, 295 (145 Army) ATMs in 10 foreign locations • DFAS lead, in coordination with the military services, for overseeing contract and operations • Support/assist deployed TFMSC/FMSUs on banking issues/LDAs • Develops/conducts banking training • Assists with opening LDAs • Foreign banks/ATMs on U.S. bases

  4. Government and Private Industry Partners • Association of Military Banks of America (AMBA) • Defense Credit Union Council (DCUC) • Armed Forces Financial Network (AFFN) • Armed Forces Bank (AFB) • U.S. Department of the Treasury • Federal Reserve Bank of Boston • Federal Reserve Bank of Cleveland • Federal Reserve Bank of New York • Federal Reserve Bank of Kansas City • Citi Bank • JP Morgan Chase • Defense Finance and Accounting Services (DFAS) • Military Postal Service Agency (MPSA) • Army and Air Force Exchange Service (AAFES)

  5. Current Issues • Installation Status Report (ISR) • Installation-level inspection (conducted annually) • BLOs are aware & trained • 10 inspectable areas: 1. Qualified BLO 2. Appointment orders 3. Mandatory training 4. Contact information 5. Regulatory/policy guidance 6. Document repository 7. Current Operating Agreement (OA) 8. Valid OA 9. One bank/one credit union 10. Financial education • Obtain inspection worksheets from your BLO

  6. Current Issues (cont.) • Sponsorship and Advertising • DASA(FO) memorandum dated March 2014 still applicable • On/off-post advertising • On-post banks should participate at newcomer briefings and should not be solicited for sponsorship dollars • Operating Agreement (OA) Compliance with DoDFMR • Must update every 5 years • This office recommends annual review (at a minimum), or when one of the following changes occur: - New Garrison Commander - New bank management - Addition/removal of ATMs or branches - Changes to fee structure - Changes to Treasury General Account (TGA) - Changes to lease agreement

  7. Initiatives/Updates • Installation Management Command (IMCOM) G9 Conference (23-25 August 2016) • 2nd annual symposium to build better financial readiness framework • Key players: Army Community Service (ACS), Personal Financial Managers (PFMs), financial institutions, and BLOs • Mission: Provide crosstalk among all Garrison financial partners • USAFMCOM • Now a 2-star Command (MG David Coburn) • E-Commerce Directorate growth (4 to 11 personnel) • Training with Industry (TWI) program enhancements

  8. E-Commerce Impact to Banks • Top banks receiving EagleCash transactions • USAA • Bank of America • Volume processed via EagleCash Kiosks • $2.96B • $171M • Benefits • 24/7 access to funds • Secured transactions via FRB-Boston, • then ACH • No cost to banks or their customers • No infrastructure costs or maintenance

  9. POC Information • CPT Christopher Anderson (U.S. Army Banking Officer) - Office: 317-212-2664 - DSN: 312-212-2664 - Email: christopher.j.anderson148.mil@mail.mil • CPT Charles Krueger (U.S. Army Europe Banking Officer) - Office: +49 (0) 631-411-6486 - DSN: 314-483-6486 - Email: charles.j.krueger.mil@mail.mil • CPT Ishak Owusu (U.S. Army Pacific Banking Officer) - Office: 808-438-4281 - DSN: 315-438-4281 - Email: ishak.i.owusu.mil@mail.mil • MAJ Minh Tran (U.S. Army Theater Banking Officer) - DSN: 318-430-6355 - Email: minh.d.tran3.mil@mail.mil

  10. Questions

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