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Creator: Kaatz, Ronald and Nelson, Clarence W. (Clarence Walford), 1924- Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 000 Descrizione:
This paper was published with no issue number.
Parola chiave: Asset pricing, Capital spending, Investments, and Expenditures Soggetto: G31 - Capital Budgeting; Fixed Investment and Inventory Studies; Capacity, E58 - Central Banks and Their Policies, and E22 - Investment; Capital; Intangible Capital; Capacity
Creator: Boyd, John H. and Gertler, Mark Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 531 Abstract:
This paper reexamines the conventional wisdom that commercial banking is an industry in severe decline. We find that a careful reading of the evidence does not justify this conclusion. It is true that on-balance sheet assets held by commercial banks have declined as a share of total intermediary assets. But this measure overstates any drop in banking, for three reasons. First, it ignores the rapid growth in commercial banks' off-balance sheet activities. Second, it fails to take account of the substantial growth in off-shore C&I lending by foreign banks. Third, it ignores the fact that over the last several decades financial intermediation has grown rapidly relative to the rest of the economy. We find that after adjusting the measure of bank assets to account for these considerations there is no clear evidence of secular decline. To corroborate these findings, we also construct an alternative measure of the importance of banking, using data from the National Income Accounts. Again, we find no clear evidence of a sustained declined. At most the industry may have suffered a slight loss of market share over the last decade. But as we discuss, this loss may reflect a transitory response to a series of adverse shocks and the phasing in of new regulatory requirements, rather than the beginning of a permanent decline.
Parola chiave: Lending, Bank assets, Banking, Intermediation, and Commercial banks Soggetto: G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Creator: Weber, Warren E. Descrizione:
This spreadsheet contains the disaggregated national bank call reports by state and reserve city for each call report date. These data appear as compiled by the Comptroller of the Currency. These data are a “cleaned” version of the data published in the Annual Reports of the Comptroller of the Currency. Where assets and liabilities were not equal for a state or reserve city in the original, they have been corrected to be equal in this data set. This was done by comparing for each asset and liability category differences between totals as reported by the Comptroller and totals category obtained by aggregating the individual state and reserve city data. It should also be noted that aggregates for the entire National Banking System should be based on the individual data in this dataset and not those reported by the Comptroller. After 1900 the dates for the data for Alaska and Hawaii that the Comptroller used in his totals do not match the dates given in the individual state reports.
Creator: Schulhofer-Wohl, Sam and Yang, Yang Series: Staff Reports (Federal Reserve Bank of Minneapolis) Number: 461 Abstract:
This document contains detailed algebra for the proofs of propositions 1 and 2.
This data set consists of individual bank balance sheets for the antebellum period in the United States compiled from reports of state banking authorities. The data set is updated periodically. For each state, data are available in two forms. The worksheet “detailed” contains the data in as detailed a form as in the original source. In the worksheet “standardized”, data are presented in a consistent set of asset and liability categories for each bank.
In the compilation, individual asset and liability categories have been preserved as much as possible. The data have also been modified in two primary ways: •Where the original data have both differences between assets and liabilities for a given bank and corresponding differences in reported aggregated totals for individual asset/liability categories, the data have been changed to eliminate such differences. •Where the original data have obvious inaccuracies (e.g., capital of $100,000 for several years in a row and then $10,000 for one year), such inaccuracies have been corrected.
Note also that for many dates, aggregate totals for individual asset/liability categories do not match reported data, presumably due to calculation and other errors by the original compilers.
Some of the downloadable Excel files that follow use Pre-1900 dates that Excel does not natively handle.
The financial assistance of the Financial Services Research Group of the Federal Reserve System in compiling this data set is gratefully acknowledged.
Data compiled by Warren Weber.
Creator: Aiyagari, S. Rao and McGrattan, Ellen R. Series: Staff Reports (Federal Reserve Bank of Minneapolis) Number: 203 Parola chiave: Borrowing constraints, Precautionary saving, and Government debt Soggetto: H6 - National Budget, Deficit, and Debt and E60 - Macroeconomic policy, macroeconomic aspects of public finance, and general outlook - General