What organization serves the banking industry and was founded in 1875?

The American Bankers Association (ABA) was established in 1875 to represent the banking industry in the United States. Its primary role is to advocate for policies that promote the interests of banks while providing valuable resources and support to its members. The ABA works on issues such as regulatory compliance, industry standards, and financial literacy, making it a pivotal organization in the banking sector. By serving the collective needs of banks, the ABA plays a crucial role in shaping the banking landscape and addressing challenges faced by financial institutions.

In contrast, the other organizations listed either do not specifically focus on the banking industry or were founded at a different time. The American Financial Association is more centered on academic research in financial issues rather than being a representative body for banks. The National Banking Institute is not a widely recognized organization within the industry, and the Federal Deposit Insurance Corporation, established in 1933, serves to insure deposits in banks but does not serve the banking industry as an advocacy group like the ABA.