75 results on '"CORPORATE bonds"'
Search Results
2. Diamonds during the rough.
- Author
-
BLACK, KEITH H.
- Subjects
GLOBAL Financial Crisis, 2008-2009 ,INVESTMENTS ,CORPORATE bonds ,FINANCIAL institutions ,LIQUIDATION ,SPREAD (Finance) ,CORPORATE divestiture - Abstract
The article discusses the impact of the 2008-2009 global financial crisis on equities, corporate bonds, and real estate in the U.S. It outlines the losses suffered by several financial institutions and the decline in credit availability has resulted to the forced liquidations and bid-ask spreads. However, it also mentions the effort of several investors to proceed in the world of macro and managed futures to bring back positive returns.
- Published
- 2013
3. China’s Vast Bond Market Slumps, Spooking Investors.
- Author
-
BRADSHER, KEITH
- Subjects
- *
CORPORATE bonds , *GOVERNMENT securities , *FINANCIAL institutions , *INTEREST rates - Abstract
The article reports that prices for government and corporate bonds in China have slumped in December 2016. Topics mentioned include the decision of the government to temporarily restrain some trading and make emergency loans to struggling financial institutions, the decision of the Federal Reserve to raise short-term interest rates, and Beijing's efforts to wring excess money from its financial system.
- Published
- 2016
4. Ratings Should Allow Comparison Between Munis, Corporates: Panel.
- Author
-
Schroeder, Peter
- Subjects
CREDIT ratings ,MUNICIPAL bonds ,CORPORATE bonds ,FINANCIAL institutions ,INVESTORS - Abstract
The article reports on the need for credit rating agencies in the U.S. to adopt systems that allow a direct comparison of municipal and corporate bonds as suggested by the Government Finance Officers Association. They disclosed that municipal bonds should be placed on a rating scale that allows a direct comparison between the two kinds of debt. The agencies should ensure that the ratings of the two bonds should retain qualitative distinctions that are valuable to issuers and investors.
- Published
- 2008
5. Post-holiday torrent of high grade bonds launched this week.
- Subjects
CORPORATE bonds ,DEALS ,BOND market ,FINANCIAL institutions ,BANKING industry - Abstract
The article reports on high grade corporate bond deals that were launched in the U.S. market. Walt Disney, the U.S. unit of Irish building products company CRH and DaimlerChrysler, issued $1 billion-plus deals while financial institutions such as Merrill Lynch, World Savings Bank, NAB, Capital One Financial, CIT Group and American General Finance dominated the deal volumes. DCX issued an aggressively priced $1.5 billion five year fixed rate deal led by ABN and Deutsche Bank.
- Published
- 2006
6. Plenty of money for US issuers willing to pay a premium.
- Subjects
CORPORATE bonds ,BOND market ,FLOATING rate notes ,FINANCIAL institutions ,LIBOR - Abstract
The article reports that several bond issuers have paid premiums for access to the U.S. high grade corporate market. A $500 million three year non-call one tranche was offered by United Technologies Corp. Several financial institutions offered floating rate notes due to strong bid from investors. $1 billion worth of three year non-call one notes at 12 basis points over three month Libor was sold by Hewlett-Packard.
- Published
- 2006
7. THE BREAKDOWN IN BANKING.
- Author
-
Thornton, Emily, Coy, Peter, and Timmons, Heather
- Subjects
FINANCIAL institutions ,FINANCIAL services industry ,INVESTORS ,INVESTMENTS ,BANKING industry - Abstract
Provides an overview on the breakdown of financial institutions and investor relations in the United States. Signs of strain in the relationship of commercial and investment banking communities; State of corporate bonds and loans; Threat of legal action from investors; Reasons behind the decline in market confidence and credibility.
- Published
- 2002
8. AN ESTIMATE OF BANK-ADMINISTERED PERSONAL TRUST FUNDS.
- Author
-
GOLDSMITH, RAYMOND W. and SHAPIRO, ELI
- Subjects
TRUST companies ,BANKING industry ,TRUSTS & trustees ,FINANCIAL institutions ,FINANCE - Abstract
The article discusses an estimate of bank-administered personal trust funds previous to the article's publication in 1959. The authors state that the personal trust departments of commercial banks administer around 80 billion worth of personal trust funds. The estimates that are presented in the article are based on statements gathered from a small and varying number of large personal trust departments from the east coast of the U.S. Several tables are included to help illustrate the authors' study.
- Published
- 1959
- Full Text
- View/download PDF
9. Basel III Versus Solvency II: An Analysis of Regulatory Consistency Under the New Capital Standards.
- Author
-
Laas, Daniela and Siegel, Caroline Franziska
- Subjects
CREDIT risk ,PORTFOLIO management (Investments) ,FINANCIAL institutions ,INTEREST rates ,BANKING industry ,GOVERNMENT securities - Abstract
This article provides a critical analysis of the consistency of the standard approaches for market and credit risks under Solvency II and the current and forthcoming Basel III standards. The comparability is assessed both theoretically via a detailed comparison of the capital standards and in a numerical analysis that contrasts the capital charges for a stylized portfolio. Our examination reveals substantial discrepancies in the design of the frameworks. These lead to vastly differing capital requirements for the same risks. Moreover, the analysis indicates higher charges for banks than insurers, especially under the proposed new Basel III standard approaches. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
10. THE BETTER SPREADS.
- Author
-
Weberman, Ben
- Subjects
CAPITAL market ,FINANCIAL institutions ,MONEY market ,CORPORATE finance ,BOND market ,SECURITIES - Abstract
The article focuses on the condition of capital markets in the U.S. While the optimism of the market is bringing down long-term rates, the U.S. Federal Reserve has continued its policy of restraint and tight credit to stop inflation. Short-term yields have risen under the pressure of Fed policy, at the same time as long-term yields are coming down because of encouraging fundamentals. For those with enough capital to take a chance the lower-grade, high-yielding corporate bonds offer an interesting speculation on yields' dropping further.
- Published
- 1984
11. New Dimensions of Financial Liberalization in Japan.
- Author
-
Takenaka, Masaharu
- Subjects
FREE trade ,FINANCIAL institutions ,BANK deposits ,BANKING industry ,FINANCIAL services industry - Abstract
This article contrasts the development of Japanese financial institutions over the past 50 years to that of the United States and compares the two countries' household savings behavior. Although reform and liberalization is driving the Japanese financial sector to become more open and more sophisticated, there are powerful reasons for the Japanese system and Japanese asset-holding behavior to remain divergent from that of the United States. One major factor is that income and wealth in Japan are distributed much more evenly than in the United States. Since wealthy households are more sophisticated and better able to accommodate risk, the concentration of wealth in the United States means that, compared to Japan, there are more high income/high wealth households that are willing to take on risk from equity and bond holdings. In Japan, in contrast, there is a much heavier reliance on bank deposits. Even though financial institutions in the two countries are becoming more similar, the persistent differences in income distribution are likely to lead to persistent differences in asset holding and the composition of capital markets in the two countries. [ABSTRACT FROM AUTHOR]
- Published
- 2007
- Full Text
- View/download PDF
12. The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis.
- Author
-
BERNANKE, BEN S., BLANCHARD, OLIVIER, and RAJAN, RAGHURAM
- Subjects
FINANCIAL crises ,BUSINESS cycles ,ECONOMIC activity ,FINANCIAL institutions ,CREDIT - Abstract
Economists both failed to predict the global financial crisis and underestimated its consequences for the broader economy. Focusing on the second of these failures, this paper makes two contributions. First, I review research since the crisis on the role of credit factors in the decisions of households, firms, and financial intermediaries and in macroeconomic modeling. This research provides broad support for the view that credit market developments deserve greater attention from macroeconomists, not only for analyzing the economic effects of financial crises but in the study of ordinary business cycles as well. Second, I provide new evidence on the channels by which the recent nancial crisis depressed economic activity in the United States. Although the deterioration of household balance sheets and the associated deleveraging likely exacerbated the initial economic downturn and the slowness of the recovery, I find that the unusual severity of the Great Recession was due primarily to the panic in funding and securitization markets, which disrupted the supply of credit. This finding helps to justify the government's extraordinary efforts to stem the panic in order to avoid greater damage to the real economy. [ABSTRACT FROM AUTHOR]
- Published
- 2019
13. The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis.
- Author
-
BERNANKE, BEN S.
- Subjects
FINANCIAL crises ,BUSINESS cycles ,FINANCIAL institutions ,ECONOMIC activity ,BOND market - Abstract
Economists both failed to predict the global financial crisis and underestimated its consequences for the broader economy. Focusing on the second of these failures, this paper makes two contributions. First, I review research since the crisis on the role of credit factors in the decisions of households, firms, and financial intermediaries and in macroeconomic modeling. This research provides broad support for the view that credit market developments deserve greater attention from macroeconomists, not only for analyzing the economic effects of financial crises but in the study of ordinary business cycles as well. Second, I provide new evidence on the channels by which the recent financial crisis depressed economic activity in the United States. Although the deterioration of household balance sheets and the associated deleveraging likely exacerbated the initial economic downturn and the slowness of the recovery, I find that the unusual severity of the Great Recession was due primarily to the panic in funding and securitization markets, which disrupted the supply of credit. This finding helps to justify the government's extraordinary efforts to stem the panic in order to avoid greater damage to the real economy. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
14. Reforming the Residential Mortgage Market.
- Author
-
Schaaf, A. H.
- Subjects
RESIDENTIAL real estate ,PRICE inflation ,REGULATION of financial institutions ,MORTGAGE loans ,RATE restructuring ,INCOME tax ,ADJUSTABLE rate mortgages ,GOVERNMENT policy ,MORTGAGES ,FINANCIAL institutions ,ECONOMICS - Abstract
The very inflationary economic conditions that have made home ownership attractive in recent years have caused mortgage lenders to reexamine their policies and offer alternatives to conventional fixed-rate mortgages. The author examines these efforts to restructure the mortgage market, including the variable-rate mortgage. [ABSTRACT FROM AUTHOR]
- Published
- 1976
- Full Text
- View/download PDF
15. Effects of Shifting Saving Patterns on Interest Rates and Economic Activity.
- Author
-
FRIEDMAN, BENJAMIN M.
- Subjects
SAVINGS ,INTEREST rates ,FINANCIAL institutions ,ECONOMIC activity ,CAPITAL investments ,ASSET-liability management ,PERSONAL finance ,THRIFT institutions ,SAVINGS accounts - Abstract
Individuals in the United States consistently do most of their saving through financial intermediaries, but over time there have been and continue to be major shifts in people's reliance on specific kinds of intermediary institutions. This paper assesses the potential effects on interest rates, and via interest rates (and asset prices and yields more generally) on nonfinancial economic activity, of four specific shifts in saving behavior: additional pension contributions financed by individuals, additional pension contributions financed by businesses, additional purchases of life insurance by individuals, and additional deposits in thrift institutions by individuals. The paper's results indicate that such shifts, in plausible magnitudes, would have significant effects not only on interest rates and asset-liability flows but also on both the level and the composition of nonfinancial economic activity. In particular, although the specific effects differ from one shift to another, each would disproportionately stimulate capital formation in comparison to other forms of spending. [ABSTRACT FROM AUTHOR]
- Published
- 1982
- Full Text
- View/download PDF
16. REVIEW OF INSTITUTIONAL ACTIVITY IN THE EQUITY MARKET, 1951-54.
- Author
-
NEENAN, WILLIAM B.
- Subjects
UNITED States economy, 1945- ,INSTITUTIONAL investors ,INSURANCE companies ,BANK investments ,ECONOMIC activity ,FINANCIAL institutions - Abstract
The article examines the equity market in the United States during the period of 1951 to 1954 and the increase in institutional net purchases of equities with a focus on five sources of institutional financing. The financial institutions discussed are life insurance companies, property and liability insurance companies, open-end investment companies, self-insured pension funds, and bank-administered personal trust funds. Statistics include estimates of equity holdings, net equity purchases, and stock purchases relative to total new investment by the financial intermediaries. Factors contributing to the increased institutional-investment activity in postwar America and the percentage of institutional holdings in relation to the total market are mentioned.
- Published
- 1959
17. RESEARCH IN THE CAPITAL AND SECURITIES MARKETS.
- Author
-
SAULNIER, R. J.
- Subjects
CAPITAL market ,SECURITIES industry ,FINANCIAL institutions ,SECURITIES - Abstract
The article presents a report from the U.S. National Bureau of Economic Research on a study that investigated capital and securities markets in the U.S. Several new areas for research were proposed, included among them the investment banking and securities businesses, investment holdings and flow of funds, pension funds, business financing policies, markets for government securities, security markets regulation, and the relationship between security/capital markets and economic vigor. Specifics for each are discussed.
- Published
- 1955
18. COLLEGE REVENUE BONDS TO FINANCE SELF-SUPPORTING PROJECTS.
- Author
-
TAYLOR, J. G.
- Subjects
UNIVERSITY & college finance ,BONDS (Finance) ,BOND market ,FINANCIAL institutions ,SECURITIES - Abstract
The article discusses college revenue bonds. The author describes their history and details their increased usage since World War II, which has been aided by the growing receptiveness on the part of institutional investors to hold such securities. Legal considerations surrounding the bonds are reviewed, as are the various types of college projects financed by them. The author notes that revenue bonds make it possible for institutions of higher learning to commence capital projects they might otherwise not be able to afford.
- Published
- 1949
- Full Text
- View/download PDF
19. Thinking Ahead.
- Author
-
Badger, Sherwin C.
- Subjects
UNITED States economy ,FINANCIAL institutions ,TAXATION ,SAVINGS ,STOCK prices ,BUSINESS size ,FINANCIAL services industry ,INSURANCE companies ,PENSION trusts ,INVESTORS ,ECONOMICS - Abstract
The rising importance of financial institutions in this country, coincident with changes in the tax structure, has had a profound impact on our financial markets. In the bond market, long-standing relationships between the various kinds of securities have been changed. What do these developments mean for business? In the stock market, the entrance of pension plans, mutual investment funds, and life insurance companies on a large scale has changed the character of ownership of many industrial corporations, with far-reaching implications. By concentrating on "blue chip" stocks, are the financial institutions in effect bidding against each other and forcing prices up to unwarranted levels? Are the needs of small and medium-size companies being neglected? What about variable annuities? How should financial institutions owning common stocks exercise their prerogatives as stockholders? And so on. [ABSTRACT FROM AUTHOR]
- Published
- 1956
20. Money and the Markets.
- Subjects
FINANCIAL markets ,FINANCIAL institutions ,UNITED States federal budget ,STOCKS (Finance) ,GOVERNMENT securities ,SECURITIES trading - Abstract
The article focuses on several issues relating to the U.S. financial and securities markets as of April 1937. The budget plan of U.S. President Franklin D. Roosevelt may either be viewed as deflationary or inflationary. Before and during the announcement of the budget plan, U.S. stocks performed strong. Government bonds has rallied and then later added further fractions. The U.S. Securities and Exchange Commission (SEC) has approved the applications of the Pittsburgh Stock Exchange to conduct unlisted trading in 23 securities.
- Published
- 1937
21. An Evaluation of Money Market Fund Reform Proposals.
- Author
-
Hanson, Samuel G, Scharfstein, David S, and Sunderam, Adi
- Subjects
MONEY market funds ,MONEY market ,FINANCIAL institutions ,GLOBAL Financial Crisis, 2008-2009 ,ECONOMIC reform - Abstract
U.S. money market mutual funds (MMFs) are an important source of dollar funding for global financial institutions, particularly those headquartered outside the United States. MMFs proved to be a source of considerable instability during the financial crisis of 2007-09, resulting in extraordinary government support to help stabilize the funding of global financial institutions. In light of the problems that emerged during the crisis, a number of MMF reforms have been proposed, which are analyzed in this paper. The paper assumes that the main goal of MMF reform is safeguarding global financial stability. In light of this goal, reforms should reduce the ex ante incentives for MMFs to take excessive risk and increase the ex post resilience of MMFs to system-wide runs. The analysis suggests that requiring MMFs to have subordinated capital buffers could generate significant financial stability benefits. Subordinated capital provides MMFs with loss absorption capacity, lowering the probability that an MMF suffers losses large enough to trigger a run, and reduces incentives to take excessive risks. Other reform alternatives based on market forces, such as converting MMFs to a floating net asset value, may be less effective in protecting financial stability. The analysis sheds light on the fundamental tensions inherent in regulating the shadow banking system. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
22. Little man grabs hard for that 5% yield.
- Subjects
FINANCIAL markets ,SECURITIES trading ,INVESTORS ,GOVERNMENT securities ,FINANCIAL institutions - Abstract
The article discusses the performance of financial market in the U.S. It reports that small investor has hit the 5% yield, the greatest since 1959 when the Department of the Treasury issued its famous 4-year, 9-month note that gave an annual return of 5%. It claims that the intense competition for the investment dollar among financial institutions and corporate and governmental borrowers drove the high yields.
- Published
- 1966
23. FUNDS RAISED IN US. CREDIT MARKETS.
- Subjects
BOND market ,MONEY supply ,FINANCIAL institutions ,CHARTS, diagrams, etc. - Abstract
Presents a chart depicting the quarterly data at seasonally adjusted annual rates of funds raised in the U.S. credit markets as of June 2005. Net borrowing by domestic non-financial sectors; Municipal securities and loans; Amount of consumer credit; State and local government.
- Published
- 2005
24. Guardian Starts Fixed-Income Fund.
- Subjects
FINANCIAL institutions ,BOND funds ,BOND market - Abstract
Guardian Investor Services LLC, a unit of Guardian Life Insurance Co. of the U.S., has a new fixed-income fund. The Guardian Low Duration Bond Fund, part of the New York firm's Park Avenue Portfolio family of mutual funds, invests in treasuries and other short-term fixed-income securities.
- Published
- 2003
25. ARE FINANCIAL INSTITUTIONS LIABLE FOR FINANCIAL CRIME UNDER THE ALIEN TORT STATUTE?
- Author
-
Slawotsky, Joel
- Subjects
CORRUPT practices of financial institutions ,FINANCIAL institutions ,INTERNATIONAL business enterprises ,CORRUPTION - Abstract
The article discusses on financial institutions as a liable factor for financial crime under the Alien Tort Statute (ATS) of the U.S. Code. Topics include the United Nations' convention against corruption, the Organization for Economic Co-operation and Development's (OECD) convention on combating bribery of foreign public officials in international business transaction and the World Bank Sanctions Board's involvement in the global condemnation of financial fraud.
- Published
- 2013
26. Economic policies.
- Subjects
MONETARY policy ,FISCAL policy ,INTEREST rates ,FINANCIAL institutions ,BUDGET ,PUBLIC finance - Abstract
Examines monetary and fiscal policies in the U.S. in the 1990s. Impact of the decline in interest rates; Level of exchange rate; Reaction of credit markets to financial turmoil; Explanatory factors in the favorable outcome of the 1998 federal budget.
- Published
- 1999
27. Can Banks Provide Liquidity in a Financial Crisis?
- Author
-
Mora, Nada
- Subjects
BANKING industry ,FINANCIAL crises ,BANK deposits ,FINANCIAL institutions ,LIQUIDITY (Economics) ,ECONOMICS - Abstract
The article examines how commercial bank deposits and lending have evolved during the economic crisis compared with past episodes of financial stress in the U.S. It compares the 2007 to 2009 financial crisis with previous financial market disruptions and explores whether deposits and loans increased less at banks where deposits were more likely to be viewed as unsafe. It highlights that bank deposit funds cannot be assumed to be robust to any type of market liquidity stress.
- Published
- 2010
28. FINANCIAL INNOVATION, LEVERAGE, BUBBLES AND THE DISTRIBUTION OF INCOME.
- Author
-
BLAIR, MARGARET M.
- Subjects
DODD-Frank Wall Street Reform & Consumer Protection Act ,FINANCIAL institutions ,CREDIT ,INCOME inequality ,PRICE inflation ,ASSET management - Abstract
The article focuses on the problem of financial innovation faced by the regulators and which has not been covered in the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act. It states that financial innovation allows financial firms to supply and borrow huge credit amounts which effects the U.S. financial system largely. It further discusses various demerits of this includes income inequality, bubble-prone economy and inflation in the asset classes.
- Published
- 2010
29. Macro Risk Premium and Intermediary Balance Sheet Quantities.
- Author
-
Adrian, Tobias, Moench, Emanuel, and Hyun Song Shin
- Subjects
FINANCIAL institutions ,MONETARY policy ,RISK premiums ,CAPITAL - Abstract
The macro risk premium measures the threshold return for real activity that receives funding from savers. The balance sheet conditions of financial intermediaries provide a window on the macro risk premium. The tightness of intermediaries’ balance sheet constraints determines their “risk appetite,” which in turn, determines the set of real projects that receive funding, and hence determines the supply of credit. Monetary policy affects risk appetite by changing intermediaries’ ability to leverage their capital. This paper estimates the time-varying risk appetite of financial intermediaries for the United States, Germany, United Kingdom, and Japan, and studies the joint dynamics of risk appetite with macroeconomic aggregates for the United States. The paper argues that risk appetite is an important indicator for monetary conditions. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
30. Asset Bubbles, Debt Deflation, and Global Imbalances.
- Author
-
GUTTMAN, ROBERT
- Subjects
INTERNATIONAL finance ,PRICE deflation ,FINANCIAL institutions ,CREDIT ,UNITED States economy, 1981-2001 ,UNITED States economy, 2001-2009 - Abstract
The article investigates the primary imbalances in our global economy, which have brought us to the brink of depression. Putting the emphasis on structural changes in our credit system following its deregulation in the 1980s, we can conclude that the confluence of financial innovation and financial globalization created a new propensity for speculative asset bubbles. When the latest bubble burst in 2007, it triggered a devastating sequence of financial instability which has driven the world economy into the worst downturn since the 1930s. Government crisis-management responses, from deficit spending to unorthodox monetary policy and bank rescues, are assessed. The global dimension of this crisis requires international policy coordination, a task made more difficult by the asymmetry of our dollar-based international monetary system encouraging excessive US deficits. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
31. Prudential Regulation and the “Credit Crunch”: Evidence from Japan.
- Author
-
WATANABE, WAKO
- Subjects
BANK capital ,LOANS ,FINANCIAL institutions ,JAPANESE economic policy ,FINANCE - Abstract
The underlying causes of sharp declines in bank lending during recessions in large developed economies, as exemplified by the U.S. in the early 1990s and Japan in the late 1990s, are still being debated due to the lack of any convincing identification strategy of the supply side capital–lending relationship from lending demand. Using within bank share of real estate lending in the late 1980s as an instrumental variable for bank capital, we find that Japanese banks cut back on their lending in response to a large loss of bank capital in fiscal year 1997. [ABSTRACT FROM AUTHOR]
- Published
- 2007
- Full Text
- View/download PDF
32. Financial Systems in Europe, the USA, and ASIA.
- Author
-
ALLEN, FRANKLIN, CHUI, MICHAEL K. F., and MADDALONI, ANGELA
- Subjects
FINANCE ,MONETARY policy ,FINANCIAL institutions ,HOUSING ,INVESTORS - Abstract
Financial structure is an important determinant of the efficiency and stability of financial systems and the channels through which monetary policy is transmitted. We document the substantial differences in the financial systems of the euro area, the UK, the USA, Japan, and non-Japan Asia. The traditional classification of bank-based and market-based systems is shown to be too simplistic. We focus on two particular aspects of financial structure: financial institutions and the housing and mortgage markets. It is shown that institutional investors differ in important ways across the regions considered. One recent change is that Central Banks, particularly those in Asia, have become significant institutional investors. Housing and mortgage markets differ even more. We are still a long way from understanding which kind of financial structure is best. [ABSTRACT FROM PUBLISHER]
- Published
- 2004
- Full Text
- View/download PDF
33. Recent Developments in Business Lending by Commercial Banks.
- Author
-
Bassett, Willam F. and Zakrajsek, Egon
- Subjects
COMMERCIAL loans ,BANKING industry ,CREDIT control ,SYNDICATED loans ,FINANCIAL institutions - Abstract
Focuses on developments in business lending by commercial banks in the U.S. Forms of credit at domestic commercial banks; Commercial credit policies; Factors affecting the demand for commercial and industrial (C&I) loans; Fluctuations in demand for C&I loans; Syndicated loan market; Financial institutions participating in the syndicated loan market.
- Published
- 2003
- Full Text
- View/download PDF
34. The Financial Market Consequences of 9/11.
- Author
-
Koss, Richard A.
- Subjects
SEPTEMBER 11 Terrorist Attacks, 2001 ,FINANCIAL services industry ,FINANCIAL institutions ,TERRORISM - Abstract
Discusses the consequences of the September 11, 2001 terrorist attacks on U.S. financial markets. Analysis of the responses of firms and policy makers to the event; Information on the microfinance implications of the attacks; Details of the macrofinance implications of the attacks.
- Published
- 2002
- Full Text
- View/download PDF
35. Domestic Financial Statistics.
- Subjects
UNITED States economy, 1981-2001 ,FINANCE ,MONETARY policy ,FINANCIAL institutions - Abstract
Presents the United States' domestic financial statistics as of July 2000. Reserves, money stock and debt measures; Open market transactions; Aggregate reserves of depository institutions and monetary base; Money stock and debt measures; Commercial banks; Government securities dealers; Federal and federally sponsored credit agencies; Security issues; Open-end investment companies.
- Published
- 2000
36. A Critique Of "Netting," the Liquidity Coverage Ratio and the U.S. FSOC'S Non-Bank Sifi Criteria.
- Author
-
Nwogugu, Michael
- Subjects
DERIVATIVE securities ,FINANCIAL institutions ,LIQUIDITY (Economics) ,NONBANK financial institutions ,GLOBAL Financial Crisis, 2008-2009 ,GOVERNMENT policy - Abstract
The article presents a critique of the "netting" of derivatives and the U.S. Financial Stability Oversight Council's (FSOC's) criteria for identifying and regulating non-bank systemically important financial institutions (SIFIs), focusing on various recommendations and methods for improving the liquidity of financial institutions in places such as the U.S. The Basel Committee on Banking Supervision is mentioned, along with Liquidity Coverage Ratios and the Global Financial Crisis of 2007-2013.
- Published
- 2014
37. Capital Movements.
- Subjects
INTERNATIONAL finance ,FINANCIAL instruments ,BALANCE of payments ,MONETARY policy ,FEDERAL Reserve banks ,FINANCIAL institutions ,CORPORATIONS - Abstract
The article discusses the capital movements and international transactions in financial instruments between the U.S. and foreign countries. It pertains to data relating to the U.S. balance of payment accounts, its international investment position, and for use in formulating the U.S. monetary policies. The data sources or the Treasury International Capital (TIC) include the Federal Reserve banks, financial institutions, and nonbanking enterprises in the U.S.
- Published
- 2013
38. Profits and Balance Sheet Developments at U.S. Commercial Banks in 1998.
- Author
-
Bomfim, Antulio N. and Nelson, William R.
- Subjects
BANKING industry ,FINANCIAL institutions - Abstract
Reports on the performance of the United States commercial banking industry in 1998. Decline in return on assets and return on equity; Growth in fee income; Decline in the rates banks earned on their interest-bearing assets relative to the rates they paid on their liabilities; Improvement of the profits of medium-sized banks.
- Published
- 1999
- Full Text
- View/download PDF
39. Financial and Business Statistics.
- Subjects
FINANCIAL statistics ,FINANCIAL institutions - Abstract
Presents financial and business statistics in the United States, as of March 1999. Includes money stock and bank credit; Policy instruments; Monetary and credit aggregates; Commercial banking institutions; Financial markets; Securities markets and corporate finance.
- Published
- 1999
40. Has the Business Cycle Been Abolished?
- Author
-
Zarnowitz, Victor
- Subjects
BUSINESS cycles ,FINANCIAL institutions - Abstract
Looks at the business cycle of financial institutions in the United States. Misused peaks and related errors in the business cycles; Causes of recessions; Markets, expectations and policies.
- Published
- 1998
41. How Treasury's Reform Could Hurt Free Enterprise.
- Author
-
Kaufman, H.
- Subjects
BANKING industry ,ECONOMIC reform ,FINANCIAL institutions ,BANK assets - Abstract
The article focuses on how the U.S. Treasury's bank reform proposals might alter the economic and financial system for the worse. The U.S. Treasury has recently put forth a series of proposals to modernize the financial system. Although the author agrees with the Treasury's stated goal to devise a regulatory environment that will help assure the long-term health of deposit institutions, the author has some differences with their recommendations. Over the last few years of severe financial adjustments, deposit institutions, both commercial banks and thrifts, have experienced great trauma. Some institutions have failed. Many others are still short of capital, have questionable assets, and are experiencing losses. A few commentators assert that deposit institutions as a class of financial intermediary have no future that in some sense they will become financial dinosaurs. Of course, extrapolating trends from the worst decade for banking since the 1930s is bound to produce dour expectations. But that exercise is essentially backward looking.
- Published
- 1991
- Full Text
- View/download PDF
42. The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been.
- Author
-
Berger, Allen N., Kashyap, Anil K., and Scalise, Joseph M.
- Subjects
BANKING industry ,BANKING laws ,TECHNOLOGICAL innovations ,FINANCIAL institutions - Abstract
This article examines the changes that underlie the transformation of U.S. commercial banking in order to forecast the industry's future under nationwide banking. The article emphasizes regulatory changes and technical and financial innovations as the central driving forces behind the transformation of the industry. Changes in the regulatory environment include the deregulation of deposit accounts, several major changes in capital requirements, reductions in reserve requirements, expansion of bank powers and liberalization of geographic restrictions on intrastate and interstate banking. Important technical innovations that have affected the banking industry include the advances in information processing and telecommunications technologies that facilitate the low-cost, rapid transfer of information and funds that fuel modern financial markets. Innovations in applied finance include those that have allowed the securitization of many traditional bank assets and have expanded the scope and volume of financial derivative activity.
- Published
- 1995
- Full Text
- View/download PDF
43. Deposit Demand, "Hot Money," and the Viability of Thrift Institutions.
- Author
-
Gibson, William E.
- Subjects
THRIFT institutions ,FINANCIAL institutions ,BANKING industry ,PERSONAL finance ,INVESTMENTS ,SAVINGS ,FINANCIAL planning - Abstract
This article explores the viability of thrift institutions in the U.S. Recent trends in financial markets have stirred fears about the ability of thrift institutions in the United States -- savings and loan associations and mutual savings banks -- to survive and prosper. Although these institutions constituted the fastest growing segment of the financial system from 1947 to the mid-1960s, their spectacular prosperity has dimmed since then as markets have become increasingly volatile. More and more they have experienced deposit drains, and no relief seems in sight. Accordingly, many knowledgeable observers question the prospects of these institutions as now constituted and regulated. Virtually every plan for general reform of the financial system implicitly or explicitiy assumes some alteration in the powers of the thrift institutions if tiiey are not to sufFer serious deterioration. In the summer of 1973 and again in the summer of 1974 trends in market interest rates gave rise to great concern over the survival of these institutions. High interest rates on Treasury securities and tiie introduction of variable rate notes by bank holding companies punctuated an already bleak outlook for the thrift institutions. Deposits fiowed out of mutual savings banks at a rapid pace and savings and loan associations had months of net withdrawals -- a rarity for the industry. Never happy with any competition, thrift institutions were especially vehement in opposing high-yielding Treasury securities and variable rate notes, whuih they felt might generate pressure that their industry could not withstand.
- Published
- 1974
- Full Text
- View/download PDF
44. U.S. Pension Investment Policy and Perfect Capital Market Theory.
- Author
-
Ghilarducci, Teresa
- Subjects
PENSIONS ,CAPITAL market ,INVESTMENTS ,FINANCIAL institutions ,MONEY market - Abstract
This article focuses on the U.S. pension investment policy. The Clinton Administration is poised to challenge the current system of pension regulation to steer pension funds toward long-term investing. Though pension funds create serious short-term biases in capital markets, an entrenched set of propositions and guidelines that stem from "perfect capital market theory" or, more narrowly, "modern portfolio theory" supports current U.S. pension investment practices and regulatory policies. Perfect capital market theory views trading and investing as the same activity, because finance markets reward only firms with intrinsic worth, and no one trader is large enough to affect any asset's price. In seeking to change "attitudes," Olena Berg, the Clinton Administration's pension regulator, told a pension manager conference that companies which invest in developing the value of their human capital should, over the long term, perform better than their competitors, and that this superior performance will be reflected in stock prices.
- Published
- 1994
- Full Text
- View/download PDF
45. THE NONMONETARY EFFECTS OF FINANCIAL FACTORS DURING THE INTERWAR PERIOD.
- Author
-
Raynold, Prosper, Beard, Thomas R., and McMillin, W. Douglas
- Subjects
FINANCIAL institutions ,MACROECONOMICS - Abstract
Focuses on the nonmonetary effects of financial sector shocks on output and prices during the interwar period in the United States. Impact of financial shocks on aggregating economic activity; Financial factors affecting the macroeconomy; Importance of nonmonetary financial crisis.
- Published
- 1993
- Full Text
- View/download PDF
46. Statistical Supplement to the Federal Reserve BULLETIN.
- Subjects
FINANCE ,BUSINESS ,BANKING industry ,FINANCIAL institutions - Abstract
Statistical information related to business and finance is presented. Data is given for Federal Reserve Bank interest rates, Federal Reserve open market transactions, money stock measures, assets and liabilities of commercial banks in the U.S., and outstanding debt of federal and federally sponsored credit agencies.
- Published
- 2007
47. Flow of Funds.
- Subjects
BANK loans ,CREDIT ,BANKING industry ,FINANCIAL institutions - Abstract
Presents a chart depicting the credit funds raised by banks and other financial institutions in the U.S. from 1998 to 2004.
- Published
- 2005
48. THE DIFFERENTIAL EFFECTS OF TIGHT MONEY.
- Author
-
Bach, G. L. and Huizenga, C. J.
- Subjects
FINANCIAL institutions ,FINANCE ,INVESTMENT banking ,BANKING industry ,INVESTMENTS ,BANK deposits ,MONEY supply - Abstract
This article describes an investigation of the "discriminatory" effects of tight money, which isolates these effects by studying the differential lending-investing policies during the 1955-57 period of "tight" banks in contrast with those of "loose" banks in the U.S. To measure the change in tightness between October 1955 and October 1957 two tests were initially applied. All individual banks were ranked by the decrease in the looseness ratio between October 1955 and October 1957. Banks were ranked according to the percentage increase in their deposits over the period. For the individual bank, as distinguished from the banking system, it is primarily gain or loss of deposits, which makes the bank looser or tighter for new lending and investing. The simplest measure of whether an individual bank is growing looser or tighter is the extent to which it is gaining or losing deposits. Banks with the greatest loss of deposits showed the greatest increase in tightness, with others ranked in order of deposit gain. The rank-order results for individual banks were similar using these two methods over the 1955-57 period. The change-in-deposits method both seemed more significant in explaining individual bank lending-investment behavior and offered a more sharply discriminating measure as among individual banks.
- Published
- 1961
49. A CYCLICAL MODEL FOR POSTWAR U.S. FINANCIAL MARKETS.
- Author
-
Dawson, John C.
- Subjects
ECONOMIC statistics ,SECURITIES ,ECONOMIC models ,FINANCIAL institutions ,CAPITAL market ,CONSUMPTION (Economics) ,INVESTMENTS ,CORPORATE finance - Abstract
This financial model is characterized by three broad features. First, the model presupposes that financial markets can be analyzed by means of the flow of dollars passing through them in much the same way that non financial markets are analyzed in models using flows like consumption and investment. As a result, the model places less emphasis than is usual on price variables such as interest rates and on stock variables such as the quantity of money or liquid assets. Secondly, the choice of variables for the model is somewhat pragmatic. The variables are mainly financial market flows with large year-to-year movements during the post-World War II period. Finally, the model as a whole is built up from its parts. A number of sub models are first developed for various sectors, each describing the basic financial behavior of the sector. The model deals with the annual flows through four broad financial markets federal obligations, corporate securities, bank loans, and mortgages-and also with the change in cash balances.
- Published
- 1958
50. THE INSTITUTIONAL SAVING-INVESTMENT PROCESS AND CURRENT ECONOMIC THEORY.
- Author
-
O'Leary, James J.
- Subjects
SAVINGS ,CORPORATE finance ,FINANCIAL institutions ,INSTITUTIONAL investments ,INVESTMENTS ,BOND market ,BONDS (Finance) ,CAPITAL ,MORTGAGE-backed securities ,FINANCIAL executives ,ECONOMICS - Abstract
An increasing proportion of the saving being done by Americans is flowing through savings institutions, and an increasing proportion is taking a contractual form. Theoretical discussion of investment assumes that decisions are made by individual investors, that is, the individual saves and then decides whether to hold his saving in cash or to buy a bond, a stock, or some other capital asset, and it is apparently assumed implicitly that decisions made by financial officers of institutions are but conglomerate decisions of a large number of individuals. Actually, the investment decisions which govern the corporate bond and mortgage market today, and to a large extent marketable government securities, are decisions made by financial officers of institutions. The investment decisions made by these financial officers are not at all made along the lines of the motivational pattern which theoretical discussion attributes to individuals. This has important implications for the theory of investment and for general economic theory, particularly interest-rate theory. It is also important for public policy that the motivating forces behind institutional investment are understood better.
- Published
- 1954
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