金融市場與金融機構基礎英文版原書-法博齊32325ch

1、Depository Institutions: Activities and CharacteristicsChapter 3Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall2Asset/Liability ProblemSpread eTypes of RiskCredit RiskRegulatory RiskInterest Rate RiskCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall3Liquidity Conc

2、ernsWays to modate withdrawals and loan demandAttract additional depositsUse currently-owned securities as collateral for loans from other institutionsRaise short-term funds in the money marketSell currently-owned securitiesCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall4Depositor

3、y InstitutionsCommercial BanksSavings and Loan AssociationsSavings BanksCredit UnionsCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall5Commercial BanksAs of Q2 2007, 7350 commercial banks 25% national banks, but holds 65% assets Bank deposits insured by FDIC Copyright 2010 Pearson E

4、ducation, Inc. Publishing as Prentice Hall6Asset Size of Banks Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall7Top 30 Largest Banks Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall8Top 30 Largest Banks (continued) Copyright 2010 Pearson Education, Inc. Publishing

5、 as Prentice Hall9Bank ServicesConsumer BankingInstallment loans, residential mortgage loans, credit card loans, brokerage services, student loans, etc.Institutional Banking Commercial real estate finance, leasing, factoringGlobal BankingCorporate finance, capital market and foreign exchange market

6、products and servicesCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall10Bank FundingDepositsDemand and Time DepositsNon-Deposit BorrowingFed Discount Window and Federal Funds MarketRetained Earnings and Equity SecuritiesOther Non-deposit BorrowingIssuance of Debt SecuritiesCopyright

7、 2010 Pearson Education, Inc. Publishing as Prentice Hall11Capital Requirements for BanksRisk-based capital requirements Basel 1 Framework Basel 2 Framework Three “pillars” Minimum risk-based capital requirements Supervisory review of capital adequacy Market discipline through public disclosure Copy

8、right 2010 Pearson Education, Inc. Publishing as Prentice Hall12Capital RequirementsRisk-Based Capital Guidelines Tier 1 (Core Capital) Common stock, certain preferred stock, and minority interestTier 2 (Supplementary Capital) Loan-loss reserve, certain preferred stock, perpetual debt, hybrid capita

9、l instruments, and subordinated debt Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall13Credit Risk Weight Capital Requirement Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall14Savings and Loan AssociationsPrincipal assetsMortgagesMortgage-backed securitiesGovernme

10、nt securitiesPrincipal sources of fundsPassbook savings accountsTime depositsRegulationCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall15Regulation of S&LsHome Owners Loan Act of 1933Office of Thrift SupervisorDepository Institutions Deregulation and Monetary Control Act of 1980 De

11、regulated interest rates on deposits Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall16Factors in The S&L CrisisBorrowing short and lending longInterest rate ceilings on depositsVolatile interest ratesFraudulent management activitiesHigh-risk strategiesCopyright 2010 Pearson Educat

12、ion, Inc. Publishing as Prentice Hall17Savings BanksMutually owned or stockholder ownedPrincipal assetsResidential mortgagesPrincipal source of fundsDepositsCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall18Credit UnionsOwned by membersPrincipal assetsSmall consumer loansResidentia

13、l mortgagesSecuritiesPrincipal source of fundsMember depositsCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall19Types of Credit UnionsNational person credit union Provide services to qualified members of the general public Corporate credit union Provides services to national person credit unionsCopyright 2010 Pearson Education, Inc. Publishing as Prentice Hall20All rights reserved. No part of this publication may be reproduced, stored in a retriev