Composition of the investment portfolio Money market instruments with short maturities and durations include: ■Treasury bills, large negotiable CDs, bankers acceptances, commercial paper, security repurchase agreements,and tax anticipation notes. 猫f的贺6号
Composition of the investment Composition of the investment portfolio portfolio Money market instruments with short maturities and durations include: Treasury bills, large negotiable CDs, bankers acceptances, commercial paper, security repurchase agreements, and tax anticipation notes
Composition of the investment portfolio Capital market instruments with longer maturities and duration are classified by the issuer as: ■ Long-term U.S.Treasury securities,obligations of U.S.government agencies, Obligations of state and local governments and their political subdivisions labeled municipals, Mortgage-backed securities backed both by government and private guarantees, Corporate bonds,and Foreign bonds. 碰封酥价贸易大考
Composition of the investment Composition of the investment portfolio portfolio Capital market instruments with longer maturities and duration are classified by the issuer as: Long-term U.S. Treasury securities, obligations of U.S. government agencies, Obligations of state and local governments and their political subdivisions labeled municipals, Mortgage-backed securities backed both by government and private guarantees, Corporate bonds, and Foreign bonds
Composition of U.S.commercial bank investments:1965-2000 A.All Banks Over Time Percentage of Total Assets 1965 1970 19951980 1985 1990 1995 2000* U.S.Treasury securities 17.6% 12.1% 9.8% 7.8% 8.3% 5.4% 6.2% 2.80% Agency securities 1.7 2.7 3.9 4.1 3.2 8.4 10.4 11.3 Municipal securities 11.4 13.6 11.6 10.0 9.7 3.5 2.1 1.80 Corporate foreign securities 0.4 0.6 0.9 0.5 1.0 2.7 2.5 4.30 31.1% 29.0% 26.4% 22.4% 22.2% 20.0% 21.2% 20.1% Total financial assets (billions of S) S342 S517 S886S1,482 S2,375 S3,334S4,488S6,455.6 B.Percentage of Total Consolidated Assets,December 31,2000 Commercial Banks Ranked by Assets 11-100 101-1,000 >1.000 10 Largest Largest Largest Largest Investment securities U.S.Treasury securities 1.96% 1.12% 1.18% 2.12% U.S.Gov't.agency corporate securities 6.59 9.71 15.56 16.95 Private mortgage-backed securities 0.51 1.66 0.99 0.23 Municipal securities 0.51 0.96 2.91 4.64 Other securities 3.47 2.06 2.18 0.88 Equities 0.68 0.60 0.79 0.56 Total investment securities 13.72% 16.11% 24.24% 25.38% Trading account securities 5.26 1.22 0.09 0.02 Total 18.98% 17.33% 24.33% 25.40% 制酐价贸易+孝
Composition of U.S. commercial Composition of U.S. commercial bank investments: 1965 bank investments: 1965 -2000 A. All Ba n ks Over Tim e Percentage of T otal Assets 1965 1970 1975 1980 1985 1990 1995 2000* U.S. Treasury s ecurities 17.6% 1 2.1 % 9.8% 7.8% 8.3% 5.4% 6.2% 2.80% Agency s ecurities 1.7 2.7 3.9 4.1 3.2 8.4 1 0.4 11.3 M u nici p al securities 11. 4 13.6 11.6 10. 0 9.7 3. 5 2.1 1.80 Corporate & foreign s ecurities 0. 4 0.6 0.9 0.5 1.0 2.7 2.5 4.30 31.1% 29. 0 % 26.4% 22.4% 22.2% 20.0% 21.2% 20.1% Total financial ass ets (billions of $) $342 $517 $886 $1,482 $2,375 $3,334 $4,48 8 $6,455.6 B. Percentage of T otal C onsolidated Assets, D ecem ber 31, 2000 Com merci al Banks Ranked by Assets 10 L argest 11-100 Largest 101-1,000 Larg est > 1,000 La r g est Investm ent securities U.S. Treasury s ecurities 1.96% 1.12 % 1.18% 2.12% U.S. Gov't. agency & corporate s ecurities 6.59 9. 7 1 15.56 16. 95 P rivate m ortgage-back ed s ecurities 0.51 1.6 6 0.99 0.23 Municipal securities 0.51 0.9 6 2.91 4.64 Other securities 3.47 2.0 6 2.18 0.88 E quities 0.68 0. 6 0 0.79 0.56 T otal i nvestm e nt s ecurities 13. 72% 16. 11% 24.24% 25.38% Trading account securities 5.26 1.2 2 0.09 0.02 T otal 18. 98% 17. 33% 24.33% 25.40%
The risk-return characteristics of investment securities The fundamental objective of the investment portfolio is to maximize earnings while limiting risk within guidelines set by management. Earnings come in the form of: periodic interest income reinvestment income capital gains (losses) 碰制卧价贸易大孝
The risk The risk-return characteristics return characteristics of investment securities of investment securities The fundamental objective of the investment portfolio is to maximize earnings while limiting risk within guidelines set by management. Earnings come in the form of: periodic interest income reinvestment income capital gains (losses)
General return characteristics Most debt instruments either accrue interest at fixed rates against the principal invested with a lump sum distribution at maturity,or carry fixed coupon payments with the return of principal at final maturity. Aggregate returns are also affected by capital gains and losses on securities sold prior to final maturity. 爸封强的黄香+孝
General return General return characteristics characteristics Most debt instruments either accrue interest at fixed rates against the principal invested with a lump sum distribution at maturity, or carry fixed coupon payments with the return of principal at final maturity. Aggregate returns are also affected by capital gains and losses on securities sold prior to final maturity