Web Exercises

1. One of the single best sources of information about financial institutions is the U.S. Flow of Funds report produced by the Federal Reserve. This document contains data on most financial intermediaries. Go to www.federalreserve.gov/releases/Z1/. Go to the most current release. You may have to load Acrobat Reader if your computer does not already have it. The site has a link for a free patch. Go to the Level Tables and answer the following.

a. What percent of assets do commercial banks hold in loans? What percent of assets are held in mortgage loans?

b. What percent of assets do Savings and Loans hold in mortgage loans?

c. What percent of assets do credit unions hold in mortgage loans and in consumer loans?

2. The most famous financial market in the world is the New York Stock Exchange. Go to www.nyse.com.

a. What is the mission of the NYSE?

b. Firms must pay a fee to list their shares for sale on the NYSE. What would be the fee for a firm with 5 million shares common outstanding?

appendix to chapter

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