Banks Took In Munis Last Year at Fastest Pace Since '98

Fine, Jacob
March 2006
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p40
Trade Publication
The article reports on the increase of municipal bond holding of the U.S. banks in the year 2005. Part of the growth was the function of liquidity in the economy. Included banks that have increased were Citibank in New York, which gained the largest increased, second, Bank of America, third, La Salle bank, and Harris bank. Some banks failed because of "runoff" in the portfolio. INSET: Tax-Free Assets Grew just $21.8M in Week.


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