Alberta Treasury Branches, also known as ATB Financial, is a full service financial institution and crown corporation owned by the Government of Alberta. ATB is not a chartered bank, and unlike other banks operating in Canada, ATB is regulated entirely by the Government of Alberta, under the authority of the Alberta Treasury Branches Act, Chapter A-37.9, 1997, and Treasury Branches Regulation 187/97. The legislation is modeled on the statutes and regulations governing other financial institutions and other guidelines to financial institutions issued by the federal Office of the Superintendent of Financial Institutions and the Canada Deposit Insurance Corporation. In Commonwealth countries a Crown corporation is a state-controlled company or enterprise (a public corporation). ... Albertas first Legislature, Edmonton, 1906 The government of Alberta is carried out by a provincial government resembling that of the other Canadian provinces. ...

ATB was created by the first Social Credit ministry under William Aberhart in 1938, after earlier attempts to place Alberta's banks under the provincial government's control were thwarted by the federal government. The first Alberta Treasury Branch was opened in Rocky Mountain House on September 29 of that year. ATB is the most significant surviving remnant of social credit economic policies in Alberta. The Social Credit Party of Alberta is a provincial political party in Alberta, Canada that was founded on the social credit monetary policy and conservative Christian social values. ... William Aberhart - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... 1938 was a common year starting on Saturday (link will take you to calendar). ... The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ... System of government Canada is a constitutional monarchy as a Commonwealth Realm (see Monarchy in Canada) with a federal system of parliamentary government, and strong democratic traditions. ... Rocky Mountain House is a town of 6,208 people in west central Alberta, Canada at the confluence of the Clearwater River and the North Saskatchewan Rivers. ... September 29 is the 272nd day of the year (273rd in leap years). ... Social Credit is an economic theory and a social movement which started in the early 1920s. ... Motto: Fortis et Liber (Strong and free) Other Canadian provinces and territories Capital Edmonton Largest city Calgary Lieutenant Governor Norman Kwong Premier Ralph Klein (PC) Area 661,848 km² (6th)  - Land 642,317 km²  - Water 19,531 km² (2. ...

ATB was scandalized in the late 1980s after clients such as Peter Pocklington's Gainers Foods defaulted on loans that were often granted for political reasons. In the 1990s, the government reformed ATB with the intention of transforming it into a competitive financial institution. In October 1997, ATB formally became a provincial crown corporation. It adopted the moniker ATB Financial in January 2002. A scandal involves widely publicized allegations of wrong-doing, disgrace or moral outrage. ... // Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 60s and 70s and the definition of the AIDS virus in 1981. ... Peter Pocklington (b. ... The Elections and Parties Series Democracy Representative democracy History of democracy Referenda Liberal democracy Representation Voting Voting systems Ideology Elections Elections by country Elections by calender Electoral systems Politics Politics by country Political campaigns Political science Political philosophy Related topics Political parties Parties by country Parties by name Parties by... // Events and trends The 1990s are generally classified as having moved slightly away from the more conservative 1980s, but otherwise retaining the same mindset. ... 1997 is a common year starting on Wednesday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ...

As of 1997, ATB operates under a board of directors nominally appointed by the Lieutenant-Governor of Alberta, although in practice these appointments are done by the Premier of Alberta. As of March 31, 2005 ATB reported assets of $15.4 billion, deposits of $13.8 billion, loans of $13.1 billion, equity of $1.15 billion, and a net income $187.3 million. ATB operates in Alberta only, providing financial services to some 600,000 people. ATB has 150 branches as well as 132 agencies, serving a total of 243 communities in Alberta. Wealth management services are offered under the name ATB Investor Services. ATB has 3,400 employees. Head offices are in Edmonton, Alberta, Canada. 1997 is a common year starting on Wednesday of the Gregorian calendar, and was designated the International Year of the Reef. ... A board of directors is a group of individuals chosen by the stockholders of a company to promote their interests through the governance of the company. ... This is a list of the lieutenant-governors of Alberta, Canada, since its establishment in 1905. ... Categories: Canada-related stubs | Alberta premiers ... March 31 is the 90th day of the year in the Gregorian Calendar (91st in Leap years), with 275 days remaining, as the final day of March. ... 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... The Canadian dollar, CAD or C$, is the unit of currency of Canada. ... Main article deposit (bank) A deposit is a specific sum of money taken and held on account, by a bank as a service provided for its clients. ... A loan is a type of debt. ... Ownership equity, commonly known simply as equity, also risk or liable capital, is a financial term for the difference between a companys assets and liabilities -- that is, the value that accrues to the owners (sole proprietor, partners, or shareholders). ... Net income is equal to the income that a firm can get after subtracting Cost of goods sold, sales discounts, sales returns and allowances (the above three items are all only for a merchandizing company) and expenses from the total revenue. ...

As of this writing, the current Progressive Conservative government under Ralph Klein is rumoured to be considering privatization of ATB. This is opposed by many of the Tories' political rivals, including a resurgent Social Credit. The Alberta Progressive Conservative Party is a provincial right-of-centre party in the Canadian province of Alberta. ... The Honourable Ralph Phillip Klein (born November 1, 1942), leader of the Alberta Progressive Conservatives, is current premier of the Canadian province of Alberta. ... Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. ... The term Tory applied to the Tory Party, the ancestor of the modern UK Conservative Party. ...

External link

• ATB Financial