Bank management:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Fort Worth u.a.
Dryden Press
1992
|
| Ausgabe: | 2. ed. |
| Schriftenreihe: | The Dryden Press series in finance
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXI, 970 S. graph. Darst. |
| ISBN: | 003032694X |
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| 250 | |a 2. ed. | ||
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Datensatz im Suchindex
| _version_ | 1804120078360248320 |
|---|---|
| adam_text | Contents
Chapter 1
Issues in Bank Management 1
SMQ Investments 2
Discussions with Bank Officers 3
Discussion with the Board of Directors 7
Assessment of Problems and Opportunities 10
Summary 12
Parti
Overview 75
Chapter 2
Bank Organization and Regulation 17
Structure of the Banking Industry 18
Contemporary Issues: AT T s Universal Card 24
Organizational Form 24
Bank Regulation 36
Contemporary Issues: 1991 Treasury Regulatory Reform Proposal 37
Trends in Federal Legislation and Regulation 47
Contemporary Issues: The Long Term Effect of $100,000 Deposit Insurance 54
Current Unresolved Regulatory Issues 58
Summary 60
Chapter 3
Banking Trends and Competition 65
The Fundamental Forces of Change 66
Contemporary Issues: Securitizing Credit Card Loans 73
Increased Competition 76
Capital Requirements 85
Increased Consolidation 86
Sears, Roebuck Co.: A Retail and Financial Conglomerate 86
Summary 93
xiii
xiv Contents
Chapter 4
Analyzing Bank Performance 99
Commercial Bank Financial Statements 100
The Relationship between the Balance Sheet and Income Statement 109
Banking Risks and Returns: The Profitability, Liquidity, and Solvency Trade Off 111
Maximizing the Market Value of Bank Equity 114
The Return on Equity Model 775
Contemporary Issues: Financial Ratios 117
Evaluating Bank Performance: An Application 726
Camel Ratings 130
Performance Characteristics of Different Sized Banks 131
Contemporary Issues: All Banks Are Not Created Equal 133
Financial Statement Manipulation 137
Characteristics of High Performance and Failed Banks 140
Summary 144
Chapter 5
Bank Strategic Planning, Budgeting, and Marketing 755
Why Plan? 756
The Strategic Planning Process 756
Budgeting and Control 764
Marketing Bank Services 767
Summary 7 71
Part II
Asset and Liability Management 777
Chapter 6
Pricing Securities 779
The Mathematics of Interest Rates 180
The Relationship between Interest Rates and Bond Prices 185
Duration and Price Volatility 790
Money Market Yields 795
Summary 7 99
Chapter 7
The Determinants of Interest Rates 205
Why Do Interest Rates Rise and Fall? 206
Loanable Funds Theory 207
The Relationship between Inflation and the Level of Interest Rates 270
Interest Rates and the Business Cycle 277
Why Do Interest Rates Differ between Securities? 218
Default Risk 279
Marketability and Liquidity 223
Contents xv
Income Tax Effects 224
Convertibility 227
Term to Final Maturity 227
Term to Repricing Variable Rate and Floating Rate Securities 237
Call and Put Provisions 238
Contemporary Issues: Put Bonds and Corporate Buyouts 239
Summary 240
Chapter 8
Managing Interest Rate Risk 247
Managing Interest Rate Risk 248
GAP Analysis: Managing Net Interest Income and Near Term Cash Flows 250
Contemporary Issues: Wells Fargo: Intentionally Mismatched Maturities 267
The Duration Gap: Managing the Market Value of Equity 268
GAP versus Duration Gap: Which Model Is Better? 274
Contemporary Issues: Confusing Rate Sensitivity Profiles 276
Summary 277
Chapter 9
Financial Futures and Interest Rate Swaps 287
Characteristics of Financial Futures 288
Speculation versus Hedging 293
Contemporary Issues: Hedging and Opportunity Losses 300
Microhedging Applications 300
Macrohedging Applications 305
Interest Rate Swaps as a Risk Management Tool 308
Summary 375
Chapter 10
Use of Options on Financial Futures 321
The Nature of Options on Financial Futures 322
Examples Using Eurodollar Futures 322
Profit Diagrams 325
The Use of Options on Futures by Commercial Banks 328
Using Options on Futures to Hedge Borrowing Costs 330
Summary 338
Part III
Bank Capital, Cash Assets, and the Competition for Funds 343
Chapter 11
Managing Liabilities 345
The Composition of Bank Funds 346
Characteristics of Small Denomination Liabilities 349
xvi Contents
Accounts with Transactions Privileges 349
Characteristics of Large Denomination Liabilities 355
Contemporary Issues: Earnings Based CDs 358
Risk Characteristics 365
Borrowing from the Federal Reserve 366
Federal Deposit Insurance 370
Contemporary Issues: The Extent of Deposit Insurance Coverage 373
Contemporary Issues: Regulatory Policy Toward Large Bank Failures 375
Summary 378
Chapter 12
Managing Capital Risk 385
Why Worry about Bank Capital? 386
Risk Based Capital Standards 387
Contemporary Issues: Deposit Insurance and Capital Standards 389
What Constitutes Bank Capital? 393
What Is the Function of Bank Capital? 397
Contemporary Issues: Japanese Bank Capital Ratios 398
How Much Capital Is Adequate? 401
The Effect of Capital Requirements on Bank Operating Policies 402
Characteristics of External Capital Sources 407
Capital Planning 410
Summary 413
Chapter 13
Measuring the Cost of Funds and
Controlling Noninterest Expense 479
Evaluating the Cost of Bank Funds 420
Contemporary Issues: Marginal versus Average 422
Marginal Cost Analysis: An Application 429
Marginal Costs in Transfer Pricing 431
Funding Costs and Banking Risk 436
Controlling Noninterest Expense 437
Contemporary Issues: Expense Reduction Opportunities 442
Contemporary Issues: The Marriage of Chemical Banking Corp.
and Manufacturers Hanover 444
Summary 445
Chapter 14
Why Hold Cash Assets? 451
Objectives of Cash Management 452
Contemporary Issues: A Cashless Bank 453
The Relationship between Cash and Liquidity Requirements 453
Meeting Legal Reserve Requirements 455
Managing Float 463
Contemporary Issues: A $24 Billion Overdraft 468
Contents xvii
Managing Correspondent Balance 469
Summary 474
Chapter 15
Liquidity Planning 481
The Link between Liquidity and Banking Risks and Returns 482
Traditional Measures of Liquidity 488
Contemporary Issues: Competing for Retail Deposits:
Gifts for Cash Using Federal Deposit Insurance 493
Liquidity Planning 495
Continental Illinois: The Making of a Liquidity Crisis 505
Summary 511
Part IV
Managing the Investment Portfolio 517
Chapter 16
The Investment Portfolio and Policy Guidelines 519
Dealer Operations and the Securities Trading Account 521
Objectives of the Investment Portfolio 522
Composition of the Investment Portfolio 525
The Risk/Return Characteristics of Investment Securities 527
Establishing Investment Policy Guidelines 532
General Portfolio Considerations 534
Summary 535
Chapter 17
Taxable Securities 539
Taxable Money Market Investments 540
Taxable Capital Market Investments 546
Newer Investment Vehicles 563
The Roles of Duration and Convexity in Analyzing Bond Price Volatility 566
Summary 569
Chapter 18
Tax Sheltered Investments 573
Characteristics of Municipal Securities 574
Comparitive Yields on Taxable versus Tax Exempt Securities 580
The Impact of the Tax Reform Act of 1986 585
A Comparison of Treasury and Municipal Yield Curves 587
Loans to Employee Stock Ownership Plans 590
Leasing Activities 592
Summary 593
xviii Contents
Chapter 19
Investment Strategies 599
The Maturity or Duration Choice for Long Term Securities 607
Contemporary Issues: An Interest Rate Gamble That Lost 608
Determining the Optimal Amount of Tax Exempt and Taxable Security Holdings 608
Selling Tax Exempt Securities with Put Options 616
Strategies Underlying Security Swaps 619
Analysis of a Classic Security Swap 620
Contemporary Issues: Marking to Market 623
Summary 624
Part V
Extending Credit to Business and Individuals 631
Chapter 20
Overview of Credit Policy and Loan Characteristics 633
Recent Trends in Loan Growth and Quality 634
The Credit Process 638
Characteristics of Different Types of Loans 644
Contemporary Issues: Not All Leveraged Buyouts Are Immediate Successes 653
Contemporary Issues: RJR—Deleveraging an LBO 654
Summary 663
Chapter 21
Evaluating Commercial Loan Requests 669
Fundamental Credit Issues 670
A Procedure for Financial Analysis 674
Contemporary Issues: Illusory Profits at Charter Co. 678
Contemporary Issues: The Many Faces of Cash Flow 683
Credit Analysis: An Application 686
Summary 694
Appendix to Chapter 21: Background Information for Financial Analysis 707
Chapter 22
Evaluating Consumer Loans 705
Types of Consumer Loans 706
Contemporary Issues: Smart Cards and the Computer Generation 709
Contemporary Issues: Prestige Cards 711
Consumer Credit Regulations 775
Credit Analysis 720
Recent Risk and Return Characteristics of Consumer Loans 729
Summary 733
Contemporary Issues: Variable Rate Credit Cards 734
Contents xix
Chapter 23
Problem Loans and Loan Losses 739
An Overview of Loan Losses 740
Contemporary Issues: Troubled Real Estate Asset Ratios by State 744
Tax Treatment and Financial Reporting of Bank Loan Losses 745
Contemporary Issues: Regulatory Relief for Farm Lenders 745
Controlling Loan Losses through Early Detection 751
Problem Loan Workout 755
Contemporary Issues: Lender Liability 760
Contemporary Issues: Unusual Collateral from Failed Banks 762
Summary 763
Chapter 24
Customer Profitability Analysis and Loan Pricing 767
Account Analysis Framework 769
Contemporary Issues: The Prime Rate Controversy 777
Customer Profitability Analysis: An Application to Commercial Accounts 777
Pricing New Commercial Loans 781
Customer Profitability Analysis: Consumer Installment Loans 788
Summary 797
Part VI
Special Topics 799
Chapter 25
Off Balance Sheet Activities and Noninterest Income 801
Types of Off Balance Sheet Activities 801
Contemporary Issues: BankAmerica Corp. s Mortgage Problems 806
The Off Balance Sheet Exposure of Large Banks 808
Loan Brokerage 809
Securitization 810
Contemporary Issues: Credit Enhancement and Spread Accounts 813
Loan Sales to Special Purpose Corporations 814
Noninterest Income 814
Summary 815
Chapter 26
Global Banking Activities 819
Global Banking Activities 820
Organizational Structure 828
International Financial Markets 832
International Lending 834
Contemporary Issues: Japan s Financial Presence Is Growing 835
Foreign Income and Fee Based Services 842
xx Contents
Foreign Exchange Activities 842
Summary 848
Chapter 27
Trust and Personal Banking 853
An Overview of Trusts and Trust Terminology 854
Trust Services 857
Trust Department Objectives and Performance 863
Trust Department Profitability 867
Integrating Trust and Personal Banking Services 869
Summary 872
Chapter 28
Bank Mergers and Acquisitions 877
Recent Trends in Mergers and Acquisitions 878
Contemporary Issues: Merger Antitrust Analysis 879
How Do Mergers Add Value? 880
Valuation Procedures 885
An Application 891
Nonfinancial Considerations That Affect Mergers and Acquisitions 889
Summary 900
Contents xxi
Cases
Case 1
Hamilton National Bank: Performance Evaluation 908
Case 2
Liberty National Bank: Liquidity Planning 917
Case 3
Promenade State Bank: Investments and Funding 922
Case 4
Classic Touch Inc.: Short Term Commercial Lending 927
Case 5
HiFi Sounds: Term Commercial Lending 932
Case 6
Glass Works Inc.: Term Commercial Lending 940
Glossary 945
Name Index 957
Subject Index 959
|
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| isbn | 003032694X |
| language | English |
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| publishDate | 1992 |
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| publisher | Dryden Press |
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| spelling | Koch, Timothy W. Verfasser aut Bank management Timothy W. Koch 2. ed. Fort Worth u.a. Dryden Press 1992 XXI, 970 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier The Dryden Press series in finance Bankwezen gtt Financieel management gtt Bank management Management (DE-588)4037278-9 gnd rswk-swf Bankbetriebslehre (DE-588)4129045-8 gnd rswk-swf Bank (DE-588)4004436-1 gnd rswk-swf Bank (DE-588)4004436-1 s Management (DE-588)4037278-9 s DE-604 Bankbetriebslehre (DE-588)4129045-8 s 1\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003687171&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Koch, Timothy W. Bank management Bankwezen gtt Financieel management gtt Bank management Management (DE-588)4037278-9 gnd Bankbetriebslehre (DE-588)4129045-8 gnd Bank (DE-588)4004436-1 gnd |
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| title | Bank management |
| title_auth | Bank management |
| title_exact_search | Bank management |
| title_full | Bank management Timothy W. Koch |
| title_fullStr | Bank management Timothy W. Koch |
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