银行管理-课件chapter12.ppt

Contents
♘ The Composition of Bics of Small Denomination Liabilities ♘ Transactions accounts ♞ Calculating the Net Cost of Transaction Accounts ♘ Characteristics of Large Denomination Liabilities ♞ Measuring the Cost of Funds ♘ Evaluating the Cost of Bank Funds ♞ Marginal Cost Analysis: an Application ♘ Funding Costs and Banking Risk ♞ Borrowing From the Federal Reserve ♘ Federal Deposit Insurance
(P422 — 426) (P426) (P427 — 433) (P433 — 435) (P435 — 442) (P442) (P443 — 451) (P451 — 452) (P452 — 455) (P455 — 456) (P456 — 458)
Chapter 12
§3 Transactions accounts
Chapter 12
P 427
Banks differentiate between deposits in the number of checks permitted, the minimum denomination required to open an account, and the interest rate paid. All carry FDIC insurance up to＄100,000 per account.
MMDAs
P 427
✓ time deposits ✓ limited checking privileges ✓ low reserves
1982 Garn-St. Germain Depository Institutions Act
Chapter 12
The ownership of transaction accounts is changing rapidly as institutions offer new deposit products and refine their pricing schedules.
Chapter 12
P 423
Generally speaking, small banks relied proportionally more on core deposits and equity compared to the larger banks. Large banks, in turn, relied proportionally more on volatile funds obtaining more than twice the proportional share of funding from this source versus small banks.
Chapter 12
P 423
Today, virtually all bank liabilities are free of regulatory restrictions on allowable rates, maturities, and minimum denominations. Price competition is the dominant consideration in attracting new funds.
P 428
Pricing strategies influence the composition of accounts via service charges, minimum balance requirements, and interest paid.
Chapter 12
Functional cost analysis
Chapter 12
Contents
♘ The Composition of Bank Liabilities ♞ Characteristics of Small Denomination Liabilities ♘ Transactions accounts ♞ Calculating the Net Cost of Transaction Accounts ♘ Characteristics of Large Denomination Liabilities ♞ Measuring the Cost of Funds ♘ Evaluating the Cost of Bank Funds ♞ Marginal Cost Analysis: an Application ♘ Funding Costs and Banking Risk ♞ Borrowing From the Federal Reserve ♘ Federal Deposit Insurance
P 426
Instruments under ＄100,000 are normally held by individual investors and are not actively traded in the secondary market.
Individuals traditionally had few alternatives to banks when selecting interest-bearing deposits.
(P422 — 426) (P426) (P427 — 433) (P433 — 435) (P435 — 442) (P442) (P443 — 451) (P451 — 452) (P452 — 455) (P455 — 456) (P456 — 458)
Chapter 12
§2 Characteristics of Small Denomination Liabilities
Chapter 12
P 423
Perhaps the most difficult problem facing bank management is how to develop strategies to compete for funding sources. With no interest rate ceilings on deposits or restrictions on maturities, banks can offer any deposit product that customers demand. Although this freedom creates market opportunities, it also presents significant problems. ①②
Chapter 12
Managing liabilities and the cost of funds
P 421 — 462
Contents
♘ The Composition of Bank Liabilities ♞ Characteristics of Small Denomination Liabilities ♘ Transactions accounts ♞ Calculating the Net Cost of Transaction Accounts ♘ Characteristics of Large Denomination Liabilities ♞ Measuring the Cost of Funds ♘ Evaluating the Cost of Bank Funds ♞ Marginal Cost Analysis: an Application ♘ Funding Costs and Banking Risk ♞ Borrowing From the Federal Reserve ♘ Federal Deposit Insurance
Transaction accounts usually pay relatively low explicit interest rates but have higher noninterest processing costs. Other accounts offer limited check writing capabilities but pay higher rates.
(P422 — 426) (P426) (P427 — 433) (P433 — 435) (P435 — 442) (P442) (P443 — 451) (P451 — 452) (P452 — 455) (P455 — 456) (P456 — 458)
Chapter 12
§1 The Composition of Bank Liabilities
Chapter 12
P 425
Comparisons between different-sized banks reveal key differences in operating style. First, ………… In addition, ………… Finally, ………….
Chapter 12
Chapter 12
DDA
P 427
✓ noninterest-bearing checking accounts ✓ no regulatory restrictions on the number of
checks and minimum balances ✓ commercial customers
P 430—
Periodically the FRS conducts a survey called FCA report to collect cost and income data on commercial bank operations.