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Chapter Seventeen
The Near Banks
Copyright © 2004 Pearson Education Canada Inc. Slide 17–3
Near Banks
• Trust Companies
• Mortgage Loan Companies
• Credit Unions
Copyright © 2004 Pearson Education Canada Inc. Slide 17–4
Trust Companies
History and organization
Corporate trustees
Copyright © 2004 Pearson Education Canada Inc. Slide 17–5
Mortgage Loan Companies
– History and Organization
– Regulation
– Deposit Insurance
– The Balance Sheet
Copyright © 2004 Pearson Education Canada Inc. Slide 17–6
Copyright © 2004 Pearson Education Canada Inc. Slide 17–7
Credit Unions
– Mutual Ownership
– Common Bond Membership
– Nonprofit, Tax-Exempt Status
– Central Credit Unions
– Organizational Structure
– Deposit Insurance
– Credit Unions across Canada
– Credit Union Size
– The Balance Sheet
Copyright © 2004 Pearson Education Canada Inc. Slide 17–8
Copyright © 2004 Pearson Education Canada Inc. Slide 17–9
Copyright © 2004 Pearson Education Canada Inc. Slide 17–10
Copyright © 2004 Pearson Education Canada Inc. Slide 17–11
Copyright © 2004 Pearson Education Canada Inc. Slide 17–12
Savings and Loan Industry in the U.S.
• Will Review– Number of institutions
– Types of loans
– S&L size
– S&L assets
– S&L liabilities and net worth
– Capital
Copyright © 2004 Pearson Education Canada Inc. Slide 17–13
Copyright © 2004 Pearson Education Canada Inc. Slide 17–14
Decline in Number of Savings and Loan Associations in the U.S.
FDIC statistics on banking industryhttp://www2.fdic.gov/qbp
Copyright © 2004 Pearson Education Canada Inc. Slide 17–15
Total Assets of Savings and Loan Associations, 1979–2001
Copyright © 2004 Pearson Education Canada Inc. Slide 17–16
Savings and Loan Assets, 2001
Copyright © 2004 Pearson Education Canada Inc. Slide 17–17
Average Assets per Savings and Loan Association, 1984–2001
Copyright © 2004 Pearson Education Canada Inc. Slide 17–18
The Future of the S&L Industry (Net Income)
Copyright © 2004 Pearson Education Canada Inc. Slide 17–19
Savings and Loan’s Return on Equity
Copyright © 2004 Pearson Education Canada Inc. Slide 17–20
Number of Credit Unions in the U.S., 1933–2001
Copyright © 2004 Pearson Education Canada Inc. Slide 17–21
Types of U.S. Credit Union Loans
Copyright © 2004 Pearson Education Canada Inc. Slide 17–22
Advantages and Disadvantages of Credit Unions
• Advantages– Employer support
– Tax advantage
– Strong trade associations
• Disadvantages– Common bond requirement
Copyright © 2004 Pearson Education Canada Inc. Slide 17–23
Credit Union Membership in the U.S., 1933–2002
Copyright © 2004 Pearson Education Canada Inc. Slide 17–24
Future of Credit Unions in the U.S.
