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5 posts on "bank holding companies"
April 18, 2023

Enhancing Monitoring of NBFI Exposure: The Case of Open‑End Funds

Decorative photo: High-rise glass buildings

Non-bank financial institutions (NBFIs) have grown steadily over the last two decades, becoming important providers of financial intermediation services. As NBFIs naturally interact with banking institutions in many markets and provide a wide range of services, banks may develop significant direct exposures stemming from these counterparty relationships. However, banks may be also exposed to NBFIs indirectly, simply by virtue of commonality in asset holdings. This post and its companion piece focus on this indirect form of exposure and propose ways to identify and quantify such vulnerabilities.

September 29, 2021

What Quantity of Reserves Is Sufficient?

A concern of the Federal Reserve is how to manage its balance sheet and whether, over the long run, the balance sheet should be small or large. In this post, we highlight results from a recent paper in which we show how, even during a period of “ample” reserves, the Fed’s management of its balance sheet had material impacts on funding markets and especially the repo market. We argue that the Fed’s “balance-sheet normalization” from March 2017 to September 2019—under which aggregate reserves declined by more than $950 billion—combined with post-crisis liquidity regulations, stressed the intraday management of reserves of large bank holding companies that are active in wholesale funding markets resulting in higher repo rates and spikes in such.

Posted at 7:00 am in Central Bank, Federal Reserve | Permalink
April 6, 2016

Bank Regulation and Bank Complexity

U.S. Bank Holding Companies (BHCs) currently control about 3,000 subsidiaries that provide community housing services—such as building low-income housing units, maintaining shelters, and providing housing services to the elderly and disabled.

October 10, 2012

Tracking the U.S. Banking Industry

The New York Fed has recently published the first edition of a new quarterly report tracking the aggregate financial condition of consolidated U.S. banking organizations. In this post, we describe the methodology used to construct the statistics in the report as well as present and briefly discuss some of the findings.

July 20, 2012

Peeling the Onion: A Structural View of U.S. Bank Holding Companies

When market observers talk about a “bank,” they are generally not referring to a single legal entity.

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