HO_MB3e_IM_Ch10

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1、Chapter10 TheEconomicsofBanking  141Chapter10TheEconomicsofBankingn BriefChapterSummaryandLearningObjectives10.1TheBasicsofCommercialBanking:TheBankBalanceSheet(pages307–317)Evaluateabank’sbalancesheet.·Abank’sbalancesheetprovidesasummaryofabank’ssour

2、cesandusesoffunds.·Bankliabilitiesarethefundsbanksacquirefromsaversandusetomakeinvestmentsortomakeloanstoborrowers.·Abank’smanagersbuildaportfolioofassetsthatreflectboththedemandforloansbythebank’scustomersandthebank’sneedtobalancereturnsagainstrisk,l

3、iquidity,andinformationcosts.·Bankcapitalisthedifferencebetweenthevalueofabank’sassetsanditsliabilities.10.2TheBasicOperationsofaCommercialBank(pages317–320293)Describethebasicoperationsofacommercialbank.·Banksusedepositstoacquireinterest-bearingasset

4、s,whichresultsinaprofitiftheinterestearnedontheassetsissufficientlyhigherthantheinterestpaidondeposits.·Abank’sprofitabilitycanbemeasuredinseveralways,includingnetinterestmargin,returnonassets,andreturnonequity.10.3ManagingBankRisk(pages320–328)Explai

5、nhowbanksmanagerisk.·Liquidityriskreferstothepossibilitythatabankmaynotbeabletomeetitscashneedsbysellingassetsorraisingfundsatareasonablecost.Bankscanreducethisriskbyassetandliquiditymanagement.·Creditriskistheriskthatborrowersmightdefaultontheirloans

6、.Bankscanreducethisriskbydiversifyingacrossborrowers,regions,andindustries.·Interest-rateriskistheeffectofachangeinmarketinterestratesonabank’sprofitorcapital.Bankscanreducethisriskbymakingvariable-rateloansandusinginterest-rateswaps.10.4TrendsintheU.

7、S.CommercialBankingIndustry(pages328–337)ExplainthetrendsintheU.S.commercialbankingindustry.·TheUnitedStatescurrentlyhasadualbankingsysteminwhichbankscanbecharteredeitherbystategovernmentsorbythefederalgovernment.·CongresscreatedtheFedasalenderoflastr

8、esortandtheFederalDepositInsuranceCorporationtoreducethelikelihoodofbankpanics.·Inrecentdecades,thegovernmenthasliftedstateandfederalrestrictionsonbanksgivingrisetonationwidebanking.·Off-balance-sheetactivitiesandelectronicbankinghaveexpandedt