New PDF release: A Guide to Financial Institutions

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By Charles R. Geisst (auth.)

ISBN-10: 0230379079

ISBN-13: 9780230379077

ISBN-10: 0333586751

ISBN-13: 9780333586754

An introductory survey of economic associations in Britain and the U.S.. Discusses the constitution and features of business banks, construction institutions, funding banks, lifestyles insurance firms and pension money, and American federal enterprises. additionally encompasses a bankruptcy at the monetary deregulation and occasions of the Eighties that helped create the present monetary weather. comprises examples and tables through the text.

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Extra resources for A Guide to Financial Institutions

Sample text

Equally, the commercial bank is able to redeploy the savings of its depositors as loans to various entities in need of funds, whether the need comes from an individual or from a business. In this latter instance, it is the ability to make commercial loans that separates commercial banks from other sorts of depository/ lending institutions. The combination of function and range separates' this sort of institution from its competition by redeploying deposits in the widest range of loans possible.

During that period, the American· trade balance moved into a serious deficit and approached almost $150 billion per year. The strong dollar had made foreign goods cheap to import while at the same time making American exports too expensive for foreigners holding weakened currencies. In addition to the trade problem, some American manufacturing industries began to decline due to the foreign competition and calls began to be heard for trade protectionism. The major culprit behind the penchant for dollars was unusuallyhigh real American interest rates; higher than those in any of the competitors' economies.

Through this process, the bank becomes a debtor to those loaning it money and its borrowers in turn become debtors of the bank. The difference between the rate of interest a bank pays its depositors and the rate at which it lends to borrowers is known as its 'spread' and represents its gross margin of profit. It is this fundamental function that makes a bank a financial intermediary, reallocating funds from those in surplus to those in need. The spread becomes the most singular preoccupation of a commercial bank.

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A Guide to Financial Institutions by Charles R. Geisst (auth.)


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