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Commercial Banks (Check-writing Institutions) Savings and Loans (NOW accounts) Savings Banks (NOW accounts) Credit Units (Share Draft accounts)
Credit (Default) Risk Regulatory Risk Interest Rate Risk - Examples
Asset/Liability Problem
National Banks Federal Charter and must be insured Bank Insurance Fund (administered by FDIC) State Banks State Chartered (approximately 75% or 6,000) State Banks may elect to join Federal System and if they do must insure with BIF (about 15% elect to join)
http://www.fdic.gov/bank/statistical
Fees for checking, mortgage origination, credit cards, trusts, etc. Spread on consumer loans Commercial and Real Estate Financing, Leasing, Factoring Accounts Receivable, etc. Bond Dealers, Currency Dealers, Bankers Acceptance, Letters of Credit, etc. Financial Products such as SWAPS
Global Banking
Time Deposits Certificates of Deposit Borrowed Funds Fed Window Selling of Securities
Short Term Notes, Bonds, Repos, etc. Money Center Banks rely on this form of funding
McFadden Act 1927 States Right to Set Rules for Banking Unit Banking States, Branches Allowed or Not Allowed Banking Act 1932 - Glass-Steagall (Sections 16, 20, 21, and 32) Separate Investment Banking and Commercial Banking - WHY? Garn-St. Germain Act 1982 NOW Accounts Interstate Banking and Branching Act 1994 Gramm-Leach Bliley Act 1999
Basle Committee on Banking Regulations and Supervisory Practices 1988 (G-10 Countries)
Assets Traditionally Mortgages and Mortgage Backed Securities Liabilities (Funding) Passbook Savings
Regulation