CHAPTER ONE An Overview of Banks and the

CHAPTER ONE An Overview of Banks and the

CHAPTER ONE An Overview of Banks and the Financial Services Sector In this chapter you will learn about the many roles banks and their financial service competitors play in the economy today. You will examine how and why the banking industry and the financial services marketplace as a whole is rapidly changing, becoming new and different as we move forward into the future. 1-3 The Different Kinds of Banks Today Commercial Banks Savings Banks

Cooperative Banks Mortgage Banks Community Banks Money Center Banks Investment Banks Merchant Banks International Banks Wholesale Banks McGraw-Hill/Irwin Bank Management and Financial Retail Banks Bankers Banks Minority Banks National Banks State Banks

Insured Banks Member Banks Affiliated Banks Fringe Banks Universal Banks 2005 The McGraw-Hill Companies, Inc., All Rights 1-4 The Financial Service Competitors of Banks Savings and Loans Associations Savings Banks Credit Unions Money Market Funds Mutual Funds (Investment Companies) Hedge Funds

Security Brokers and Dealers Finance Companies Financial Holding Companies or Conglomerates Life and Property-Casualty Insurance Companies McGraw-Hill/Irwin Bank Management and Financial 2005 The McGraw-Hill Companies, Inc., All Rights 1-5 Traditional Services Offered By Banks Exchange of Currency Commercial Notes and Loans Offering Savings Deposits Safekeeping of Valuables

Supporting Government Activities with Credit Checking Accounts Trust Services McGraw-Hill/Irwin Bank Management and Financial 2005 The McGraw-Hill Companies, Inc., All Rights 1-6 Recent Services of Banks Consumer Loans Financial Advice Cash Management Equipment Leasing Venture Capital Loans

Selling Insurance Products Security Underwriting and Brokerage Services Mutual Funds and Annuities Merchant Banking Services McGraw-Hill/Irwin Bank Management and Financial 2005 The McGraw-Hill Companies, Inc., All Rights 1-7 The Roles of Commercial Banks and Their Closest Competitors Intermediation Role Payment Role Guarantor Role

Risk Management Role Savings/Investment Advisor Role Safekeeping/Certification of Value Role Agency Role Policy Role McGraw-Hill/Irwin Bank Management and Financial 2005 The McGraw-Hill Companies, Inc., All Rights 1-8 Trends Affecting Banks and Other Financial Service Firms Today Service Proliferation Rising Competition

Government Deregulation Increased Interest Rate Sensitivity Technological Change Consolidation and Geographic Expansion E-Banking and E-Commerce Convergence Globalization Increased Risk of Poor Performance and Failure McGraw-Hill/Irwin Bank Management and Financial 2005 The McGraw-Hill Companies, Inc., All Rights

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