Global competition, technological development, and changes in banking laws and regulations are transforming the role of commercial banks and the nature of the banking business within the U.S. financial system. The earlier editions of this work have been revised and expanded to incorporate discussions of these dramatic changes and their results. The discussions of the issues have been kept as current as possible, and a solid background has been supplied to provide perspective. Emphasis has been placed on the management of commercial banks through the formulation and implementation of sound and flexible policies.
Tables and Figures
Preface
Overview of the U.S. Commercial Banking System
Scope of Commercial Banking
Evolution of the U.S. Banking Industry
The Banking Industry in Transition
Formation of a Bank and Funds Gathering
Establishment and Management of a Bank
Bank Capital and Its Management
Deposits
Nondeposit Liabilities
Objectives of Portfolio Management
Liquidity
Solvency
Income
Uses of Bank Funds
Cash Assets
Bank Lending: Evolution and Current Scope
The Loan Account: Policy Considerations
Investment Securities and Regulation
The Investment Account: Policy and Management
Special Topics
International Banking
Index