Commercial banking and the financial services industry

목차 (Table of Contents)

• CONTENTS
• Preface = xiii
• Ⅰ COMMERCIAL BANKING: STRUCTURE AND ENVIRONMENT
• 1 Marketplace for Financial Services = 1
• Financial Institutions in Flux = 1
• Eight Forces of Change = 5
• Important Terms／Concepts = 7
• Discussion Questions = 7
• Selected References and Sources = 8
• 2 Commercial Banking and the Financial Intermediation Process = 9
• Financial Intermediation = 9
• Profitability of Financial Institutions = 14
• Functions of Commercial Banks = 19
• Shareholders' Wealth and the Risk／Return Trade-Off in Banking = 21
• Important Terms／Concepts = 29
• Discussion Questions = 29
• Selected References and Sources = 30
• 3 Structure of the Financial Services Industry = 33
• Structural Change and the Regulatory Dialectic Process = 34
• Relative Size and Historical Focus of Financial Intermediaries = 40
• Recent Legislation and Functional Convergence = 42
• Provision of Banking Services by Financial and Nonfinancial Conglomerates = 44
• Managerial Perspectives = 47
• Winners and Losers in a Deregulated Environment = 47
• Important Terms／Concepts = 51
• Discussion Questions = 51
• Problems = 52
• Selected References and Sources = 53
• 4 Development and Regulation of the Commercial Banking Sector = 55
• Historical Development of Commercial Banking = 56
• Dual Banking System and Banking Regulation = 57
• Foreign Banks and the International Banking Act of 1978 = 75
• Reorganization? = 76
• Important Terms／Concepts = 79
• Discussion Questions = 80
• Selected References and Sources = 81
• 5 Bank Holding Companies and Their Regulation = 83
• Growth of Bank Holding Companies = 83
• Regulation of Bank Holding Companies = 89
• Future Developments : Douglas Amendment and Garn - St. Germain Act = 96
• Important Terms／Concepts = 97
• Discussion Questions = 97
• Selected References and Sources = 98
• Ⅱ INTERNAL FUNCTIONS AND ACTIVITIES OF COMMERCIAL BANKS
• 6 Bank Directors and Their Liabilities = 103
• Characteristics of Bank Boards = 103
• Potential Liabilities = 107
• Insider Transactions = 110
• Interlocking Directorates = 110
• Controlling Risk Exposure = 111
• Important Terms／Concepts = 111
• Discussion Questions = 112
• Selected References and Sources = 112
• 7 The Bank Planning Process = 115
• What Is Strategic Planning? = 116
• Processes Associated with Strategic Planning = 118
• What Strategic Planning Will and Will Not Do = 123
• Profit Planning = 125
• Important Terms／Concepts = 130
• Discussion Questions = 131
• Selected References and Sources = 132
• 8 Bank Marketing : Product Development and Planning = 133
• Understanding How to Defend Your Market = 142
• Important Terms／Concepts = 144
• Discussion Questions = 145
• Selected References and Sources = 147
• 9 Bank Financial Statements = 149
• Report of Condition = 149
• Bank Income Statement = 157
• Important Terms／Concepts = 162
• Discussion Questions = 163
• Problems = 164
• Selected References and Sources = 166
• 10 Financial Analysis of Bank Statements = 167
• Statement of Changes in Financial Position = 167
• Common-Size Statements = 171
• Key Financial Ratios = 175
• Interrelationship Between Risk and Return = 182
• Characteristics of High Performance Banks = 183
• Difficulties in Bank Statement Analysis = 184
• Contingent Liabilities = 185
• Important Terms／Concepts = 186
• Discussion Questions = 187
• Problems = 188
• Selected References and Sources = 190 .
• Ⅲ MANAGEMENT OF BANK ASSETS
• 11 Conceptual Overview of Bank Asset and Liability Management = 195
• Pool of Funds Approach = 195
• Conversion of Funds Approach = 198
• Linear Programming Approach = 199
• Liability Management = 204
• Important Terms／Concepts = 207
• Discussion Questions = 207
• Problems = 208
• Selected References and Sources = 208
• 12 Money Position and Liquidity Management = 211
• Money Position Management = 213
• Liquidity Management = 217
• Predicting Liquidity Requirements = 220
• A Framework for Liquidity Decisions = 221
• Life at a Bank's Money Desk = 225
• Important Terms／Concepts = 230
• Discussion Questions = 230
• Problems = 231
• Selected References and Sources = 232
• 13 Types of Bank Loans = 235
• Historical Development of Bank Lending Philosophy = 237
• Loan Characteristics = 238
• Wholesale Loans = 241
• Retail Loans = 245
• Other Lending Arrangements = 248
• Important Terms／Concepts = 250
• Discussion Questions = 251
• Selected References and Sources = 251
• 14 Credit Analysis and Loan Pricing = 253
• Credit Risk Evaluation = 254
• Evaluating Wholesale Borrowers = 258
• Evaluating Retail Borrowers = 259
• Loan Pricing = 262
• Important Terms／Concepts = 268
• Discussion Questions = 269
• Problems = 269
• Selected References and Sources = 270
• 15 Written Loan Policies = 271
• Contents of Written Loan Policies = 271
• General Credit Policies = 274
• Loan Audit and Review = 278
• Problem Loans, Collection Procedures, and Charge-Off Policies = 279
• Need for Flexibility = 280
• Important Terms／Concepts = 281
• Discussion Questions = 282
• Selected References and Sources = 283
• 16 Analysis of Borrowers' Financial Statements = 285
• Financial Statements = 285
• Ratio Analysis = 292
• Approaches to Ratio Analysis = 294
• Discriminant Analysis = 296
• Important Terms／Concepts = 297
• Discussion Questions = 297
• Problems = 298
• Selected References and Sources = 301
• 17 Consumer Protection Legislation = 303
• Reasons for Consumer Protection Laws = 303
• Consumer Credit Protection Act = 304
• Fair Credit Billing Act = 307
• Fair Credit Reporting Act = 308
• Fair Debt Collection Practices Act = 309
• Electronic Funds Transfer Act = 309
• Real Estate Settlement Procedure Act = 310
• Home Mortgage Disclosure Act = 311
• Community Reinvestment Act = 311
• Usury Laws = 311
• Holder in Due Course = 313
• Credit Card Transactions = 313
• Bank Compliance with Consumer Protection Laws = 314
• Important Terms／Concepts 314
• Discussion Questions = 315
• Selected References and Sources = 315
• 18 Bank Investment Media = 317
• Treasury Securities = 317
• Federal Agency Securities = 322
• Obligations of States and Political Subdivisions = 324
• Commercial Banks in the Municipal Bond Market = 327
• Other Bonds, Notes, Debentures and Corporate Stock = 328
• Trading Account Securities = 328
• Commercial Banks as Security Underwriters = 328
• Important Terms／Concepts = 329
• Discussion Questions = 330
• Problems = 330
• Selected References and Sources = 331
• 19 Market Yields and Bank Investment Policies = 333
• Yield Calculations = 333
• Market Yield Relationships = 335
• Yield Curves = 338
• Yield Differentials = 339
• Investment Policy = 340
• Maturity Scheduling = 343
• Bond Switching Strategies = 344
• Forecasting Interest Rates: Some first Principles = 346
• Important Terms／Concepts = 352
• Discussion Questions = 352
• Problems = 353
• Selected References and Sources = 354
• Ⅳ MANAGEMENT OF BANK LIABILITIES AND CAPITAL
• 20 Transaction Accounts = 357
• Demand Deposits = 357
• NOW Accounts = 361
• Nonrate Factors Influencing the Level of Transaction Accounts = 364
• Check Clearing = 367
• Important Terms／Concepts = 369
• Discussion Questions = 370
• Problems = 370
• Selected References and Sources = 371
• 21 Time and Savings Deposits = 373
• Savings Deposits = 373
• Time Deposits = 376
• Individual Retirement Accounts (IRA) and Keogh Plan Deposits = 383
• State and Local Government Deposits = 386
• Important Terms／Concepts = 387
• Discussion Questions = 387
• Selected References and Sources = 388
• 22 Negotiable Certificates of Deposit = 391
• Characteristics of the Instrument = 391
• Origin of the CD Market = 392
• Growth, Regulation, and Deregulation of the CD Market = 393
• Market Yields on CDs = 396
• Dealer Market = 398
• Recent Innovations = 399
• Eurodollar CDs = 400
• Foreign Bank Branch CDs = 400
• Thrift Institution CDs = 401
• Important Terms／Concepts = 401
• Discussion Questions = 401
• Selected References and Sources = 402
• 23 Federal Funds and Other Short-Term Nondeposit Borrowing = 403
• Extent of Short-Term Borrowing = 403
• Federal Funds = 404
• Repurchase Agreements = 407
• Eurodollar Borrowing = 409
• Discount Window = 412
• Commercial Paper Issued by Bank Holding Companies = 414
• Cost of Short-Term Borrowing = 415
• Important Terms／Concepts = 416
• Discussion Questions = 417
• Selected References and Sources = 417
• 24 Capital Notes and Debentures = 419
• Is Debt Capital? = 419
• Legal Aspects = 420
• Subordinated Debt as a Source of Funds = 421
• Convertible Notes and Debentures = 423
• Floating-Rate Notes = 425
• Alternative Financing Decisions = 427
• Bank Holding Company Debt and Double Leverage = 427
• Important Terms／Concepts = 429
• Discussion Questions = 430
• Problems = 430
• Selected References and Sources = 432
• 25 Equity Capital, Capital Adequacy and Dividend Policy = 435
• Functions of Equity Capital = 435
• Sources of Equity Capital = 436
• Equity Capital and Insolvency Risk = 439
• Evolution of Capital Adequacy Tests and Adequacy Standards = 440
• Present Adequacy Standards = 446
• Capital Planning = 447
• Important Terms／Concepts = 453
• Discussion Questions = 454
• Problems = 455
• Selected References and Sources = 458
• 26 Bank Failures and the Supervisory Process = 459
• Causes of Bank Failures = 459
• The Strategy that Produced a Bank Failure = 462
• Bank Failures and the Public Interest = 463
• FDIC Procedures for Resolving Bank Failures = 466
• Bank Examination and Bank Failures = 468
• Risk-Related Premiums for Deposit Insurance = 474
• Important Terms／Concepts = 477
• Discussion Questions = 478
• Problems = 478
• Selected References and Sources = 479
• Ⅴ ASSET／LIABILITY MANAGEMENT POLICY
• 27 Leverage Decision and the Cost of Bank Funds = 483
• Two Views on Leverage Decisions and the Cost of Funds for Nonfinancial Firms = 484
• Historical Average Costs = 486
• Marginal Cost of Bank Funds = 488
• Important Terms／Concepts = 492
• Discussion Questions = 492
• Problems = 493
• Selected References and Sources = 494
• 28 Interest Margin Sensitivity Analysis = 495
• Conceptual Foundation of Asset／Liability Management = 495
• Interest Margin Variance Analysis = 498
• Funds Gap Analysis = 504
• Hedging in the Financial Futures Market = 508
• Important Terms／Concepts = 512
• Discussion Questions = 513
• Problems = 513
• Selected References and Sources = 515
• 29 Customer Profitability Analysis and Product Pricing = 517
• Accounts Analysis = 519
• Customer Profitability Analysis = 520
• Loan Pricing = 526
• Explicit Pricing of Federal Reserve Services = 527
• Unbundling Bank Services = 531
• Important Terms／Concepts = 532
• Discussion Questions = 533
• Problems = 534
• Selected References and Sources = 535
• 30 Taxation of Commercial Banks and Other Depository Intermediaries = 537
• Federal Taxation of Corporate Income = 538
• Average Tax Rates = 543
• Sources of Tax Savings = 544
• State and Local Income Taxes = 548
• Taxation of Other Depository Intermediaries = 550
• Average Tax Rates Among Depository Intermediaries = 551
• Important Terms／Concepts = 552
• Discussion Questions = 553
• Problems = 554
• Selected References and Sources = 555
• Ⅵ OTHER BANK PRODUCTS AND ACTIVITIES
• 31 Trust and Correspondent Services = 559
• Trust Services = 560
• Trust Departments of the 1980s = 565
• Correspondent Banking Services = 574
• The Federal Reserve System and Correspondent Banks = 579
• Important Terms／Concepts = 583
• Discussion Questions = 584
• Selected References and Sources = 585
• 32 International Banking = 587
• International Commercial Banking = 588
• Foreign Investment Banks = 595
• International Bank Services = 595
• International Bank Operations = 597
• Banks and the Global Debt = 600
• What Is a Bank's Attitude Toward Risk and the Bank's Capacity to Absorb Risk? = 609
• Important Terms／Concepts = 612
• Discussion Questions = 613
• Problems = 614
• Selected References and Sources = 615
• 33 Electronic Funds Transfer = 617
• EFT-Implications for Stockholders' Wealth = 618
• ATMs and POS Services? - Their Current Use and Projected Future Role in the Payments System = 619
• Elements of EFT Systems = 621
• A Broader Vision of EFT as It Relates to the Payments System = 628
• Payment Law = 636
• Issues Important to Bank Users of EFT Technology = 637
• Important Terms／Concepts = 642
• Discussion Questions = 642
• Selected References and Sources = 642
• 34 Review of Trends in the Financial Services Industry = 645
• Commercial Banking - A Line of Commerce = 645
• Synergy = 650
• Impact of Market Entry = 650
• Contemporary Events = 653
• Important Terms／Concepts = 656
• Discussion Questions = 656
• Selected References and Sources = 658
• Appendix
• Four Alternative Conceptual Models Employed by Banks = 659
• Selling to the Commercial Market - Commercial Bank Calling Programs = 663
• Screening Ratios of the Federal Financial Regulatory Institutions = 666
• Services Offered by Trust Departments = 668
• Glossary = 669
• Index = 711