A final rule that expands the definition of a small bank holding company under die Federal Reserve Board's Small Bank Holding Company Policy Statement and the Fed's risk-based and leverage capital guidelines for bank holding companies has been issued.A final rule that expands the definition of a small bank holding...
WILLIAMSPORT, Pa. -- Penns Woods Bancorp, Inc. (NASDAQ:PWOD) the bank holding company for Jersey Shore State Bank was recognized in Michael D. White's report, Bank Holding Company Insurance & Investment Fee Income Report for Year End 2004. The report ranked Pennsylvania bank holding companies based on insurance brokerage fee income....
This article provides an overview of the new supervisory rating system that the Federal Reserve has proposed to apply to all Bank Holding Companies BHCs and Financial Holding Companies FHCs. The article first gives some useful background on the current ratings system used by the Federal Reserve's examiners and then...
This article reports the condition of U.S. banking industry in the first quarter of 2004. Assets at reporting bank holding companies raised $325 billion (or 3.7 percent) in the first quarter, primarily because the fifty large bank holding companies were active acquirers of investment securities during the period. Aggregate securities...
Bank supervisors in the United States conduct comprehensive on-site inspections of bank holding companies BHCs and assign them a supervisory rating meant to summarize their overall condition. This paper develops an empirical forecasting model of these ratings that combines supervisory and securities market data. The paper finds that securities market...
The report presents financial and non financial data drawn primarily from regulatory filings with the Federal Reserve, along with a brief summary of key developments. This new report presents aggregate time-series data drawn primarily from regulatory reports submitted to the Federal Reserve each quarter by individual bank holding companies (the...
This paper is based on an analysis by the American Bankers Insurance Association and the Economic Policy and Research Division of the American Bankers Association. The data is based on the Year to Date June, 2003 figures reported to the Federal Reserve by bank holding companies in the 2nd quarter...
In 2002, the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. This paper investigates whether CEO certification has had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to...
"The initial thrust of this research was an event study that dealt with shareholder reaction to the announcement of a merger of two bank holding companies BHC. It was found that positive abnormal returns accrue to the shareholders of the acquired firm. The abnormal returns to the shareholders of the...
The federal Gramm-Leach Bliley Act (the “GLB Act”), which became law on November 12, 1999, has opened new opportunities for those asset-based lenders who have learned the value of mezzanine financing or other equity participation to support leveraged buyouts, acquisition financing and other highly leveraged transactions, and for those banking...
"This article documents RiskCalc for U.S. Banks, Moody’s model for estimating the probability of default PD for privately-held U.S. banks, thrifts, and bank holding companies. RiskCalc for U.S. Banks is a robust and validated model that produces one- and five-year PDs. It predicts separate PDs for bank holding...
This paper examines the role played by derivatives in determining the interest rate sensitivity of bank holding companies' (BHCs') common stock, controlling for the influence of on-balance sheet activities and other bank-specific characteristics. The major result of the analysis suggests that derivatives have played a significant role in shaping banks'...
During my time as chairman of the FDIC, it was my general view that the bank holding company BHC structure was an unnecessary intrusion in the free marketplace. Regulated by the Federal Reserve Bank, BHCs were designed to separate commerce and finance, so that GM or Wal-Mart couldn't own a...
Insurance income earned by bank holding companies is expected to increase 9 percent in 2003 and account for an increasing share of non-interest income, according to a study by the American Bankers Insurance Association. The study, which did not id Insurance income earned...
This paper describes about insurance operations. The Gramm-Leach-Bliley Act (the "Act") includes several provisions of importance to banks and bank holding companies presently engaged in insurance activities or planning to engage in insurance activities. In broad terms, the Act ? Expands the Insurance Powers of banks and bank holding companies,...
OLDWICK, N.J. -- A.M. Best Co. today announced plans to expand its analytical coverage of the U.S. banking industry by introducing interactive rating services on U.S. banks and bank holding companies. A.M. Best's bank rating services include Bank Deposit Ratings on operating banks and Issuer Credit Ratings on banks and...
A proposal expanding the definition of a small bank holding company under the Fed's Small Bank Holding Company Policy and the risk-based and leverage capital guidelines for bank holding companies has been issued by the Federal Reserve Board. The policy stA proposal expanding the definition of a small bank holding...
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