文献阅读第六章.docxVIP

Chapter 6 Selected Readings from Finance: 第六章从金融选读物。Banking and the Management of Financial Institutions 银行和金融机构的管理6.1 The Bank Balance Sheet 6.1银行资产负债表To understand how banking works, first we need to examine the balance sheet, a list of the bank’s assets and liabilities. As the name implies, this list balances; that is, it has the characteristic that: total assets = total liabilities + capital. 了解银行工作,首先我们需要检查的资产负债表,一连串的银行的资产和债务情况。正如名字所暗示的那样,这个名单平衡;也就是说,它的特点,认为:总资产=总负债+资本。Furthermore, a bank’s balance sheet lists sources of bank funds (liabilities) and uses to which they are put (assets). Banks obtain funds by borrowing and by issuing other liabilities such as deposits. They then use these funds to acquire assets such as securities and loans. Banks make profits by charging an interest rate on their holdings of securities and loans that is higher than the expenses on their liabilities. The balance sheet of all commercial banks as of January 2003 appears in Table 1. 此外,银行的资产负债表列出银行资金来源(负债)并利用他们把(资产)。银行筹集资金通过借贷和发行其他负债如存款。然后他们将这些资金收购资产如证券和贷款。银行收取获利利率对其持有的证券和贷款的费用高于他们的责任。资产负债表的所有商业银行从2003年1月起出现在表1。6.1.1. Liabilities 6.1.1。负债A bank acquires funds by issuing (selling) liabilities, which are consequently also referred to as sources of funds. The funds obtained from issuing liabilities are used to purchase income-earning assets. 一个银行获得基金发行(销),因此负债也称经费来源。基金发行负债是得到用来购买income-earning资产。（1）Checkable Deposits. Checkable deposits are bank accounts that allow the owner of the account to write checks to third parties. Checkable deposits include all accounts on which checks can be drawn; non-interest-bearing checking accounts (demand deposits), interest-bearing NOW (negotiable order of withdrawal)accounts, and money market deposit accounts(MMDAs).MMDAs have features similar to those of money market mutual funds and are included in the checkable deposits category. However, MMDAs differ from checkable deposits in that they are not subject to reserve requirements as checkabl