tailieunhanh - Lecture Financial markets and institutions - Chapter 21: Thrift operations

After studying this chapter you will be able to understand: Background on savings institutions, sources and uses of funds, exposure to risk, management of interest rate risk, valuation of a savings institution, interaction with other financial institutions. | Chapter 21 Thrift Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. Chapter Outline Background on savings institutions Sources and uses of funds Exposure to risk Management of interest rate risk Valuation of a savings institution Interaction with other financial institutions Chapter Outline (cont’d) Participation in financial markets Performance of savings institutions Savings institution crisis Background on credit unions Sources and uses of credit union funds Credit union exposure to risk Regulation of credit unions Background on Savings Institutions Savings institutions include savings banks and S&Ls S&Ls are the most dominant type Savings institutions are mainly concentrated in the Northeast The insuring agency for S&Ls is the Savings Association Insurance Fund (SAIF) The insuring agency for savings banks is the Bank Insurance Fund (BIF) Both agencies are administered by the FDIC Savings banks and S&Ls are very similar in their sources and uses of funds Background on Savings Institutions (cont’d) Background on Savings Institutions (cont’d) Ownership Most SIs are mutual (owned by depositors) Many SIs have shifted their ownership structure from depositors to shareholders through mutual-to-stock-conversions Allow SIs to obtain additional capital by issuing stock Provide owners with greater potential to benefit from performance Make SIs more susceptible to hostile takeovers Background on Savings Institutions (cont’d) Ownership (cont’d) In an acquisition, both SIs have to be stock-owned Merger-conversion The number of SIs today is about one-half of the number in 1994 The total assets of stock SIs has increased by more than 60 percent since 1994 The total assets of mutual SIs has remained steady since 1994 Background on Savings Institutions (cont’d) Regulation of savings institutions Regulated at both the state and federal level Federally . | Chapter 21 Thrift Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. Chapter Outline Background on savings institutions Sources and uses of funds Exposure to risk Management of interest rate risk Valuation of a savings institution Interaction with other financial institutions Chapter Outline (cont’d) Participation in financial markets Performance of savings institutions Savings institution crisis Background on credit unions Sources and uses of credit union funds Credit union exposure to risk Regulation of credit unions Background on Savings Institutions Savings institutions include savings banks and S&Ls S&Ls are the most dominant type Savings institutions are mainly concentrated in the Northeast The insuring agency for S&Ls is the Savings Association Insurance Fund (SAIF) The insuring agency for savings banks is the Bank Insurance Fund (BIF) Both agencies are administered by the

• Tài chính doanh nghiệp
• Financial markets
• Lecture Financial markets
• Thị trường tài chính
• Financial institutions
• Thrift operations
• Management of interest rate risk
• Financial futures markets
• Valuation of financial futures
• Interest rate futures
• Lecture Financial markets and institutions
• Financial institutions markets
• Capital markets
• Money markets
• Derivative securities markets
• Futures markets
• Option markets
• Swap markets
• Foreign exchange derivative markets
• Bank management
• Types of Financial Markets
• Securities traded
• Valuation of securities
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Commercial banks
• Financial statements
• Risks at financial institutions
• Market risk
• Exchange rates
• Economics 252
• Efficient markets
• Excess volatility
• Efficient Markets Hypothesis
• Interest rate derivative markets
• Interest rate swaps
• Mortgage backed securities
• Globalization of mortgage markets
• Financial markets and institutions
• The financial system
• Interest rates change
• Financial markets efficient
• Term structure affect interest rates
• The stock market
• The mortgage markets
• The international financial system
• Financial regulation
• Interest rate fundamentals
• Interest rates
• Security valuation