金融学演讲稿.ppt

1、Company Logo,Hello everyone,Company Logo,Our Group,李婷婷 周欣 刘雯 全婷 吴茜 左子慧 程艳 郭静怡,Saving Associations,Company Logo,Saving Associations,Saving association include S&L and saving banks. Saving and loan associations(S&Ls): originally known as building and loan associations,were founded in the United States

2、 in the early 1830s. Saving banks predate the S&Ls by about 20 years and are located mostly on the East Coast of the United States.,Company Logo,Saving Associations,Why have we lumped S&Ls and saving banks together as savings associations? 1.their assets and liabilities have similar composition 2.th

3、e institution share other commonalities,Company Logo,The major sources of funds for savings associations are: time saving checkable deposits,Saving Associations,Company Logo,The changes of saving associations over the years,Prior to the 1980,saving associations were not only prohibited from offering

4、 checkable deposits but also not allowed to pay rates on time and saving deposits. During the 1980s,the S&L industry experienced multiple strains,more than 500 institutions became insolvent.so the FIRREA of 1989 was made. FIs areas of specialization are increasingly overlapping.Furthermore,recent le

5、gislation now allows banks and saving association to merge.,Credit Unions,Company Logo,Credit Unions,Credit Unions-Depository institutions that are cooperative,nonprofit,tax-exempt associations operated for the benefit of members who share a common bond.,Company Logo,Credit Unions,5 characteristics

6、which include non-for profit financial institutions(NFPOs) Each member has one vote irrespective of the level of their savings Remit is to provide basic financial services to individuals of modest means Members are limited to individuals sharing a common bond Run by volunteers predominantly,Company

7、Logo,Credit Unions,The major assets and liabilities of credit unions: Financial assets Liabilities Exhibit 8-3,Company Logo,Credit Unions,In 1980,regulatory changes first permitted credit unions to offer checkable deposits which are now a significant liability for credit unions. On June 30,2004,abou

8、t 33 percent of the assets held by credit unions were in the form of consumer loans to members while about 30 percent were mortgages.Just over 20 percent of the assets held were Treasury,agency,and government-sponsored enterprises securities.The remaining assets were deposits at other FIs,fed funds,

9、repurchase agreements,and miscellaneous items.,Company Logo,Credit Unions,The total funds acquired and loaned by credit unions have grown rapidly over the years.,Company Logo,Credit Unions,How to explain the growth? Being nonprofit institutions,credit unions have often offered depositors slightly higher rates and loan applicants slightly lower rates than ha