TITLE

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

AUTHOR(S)
Fine, Jacob
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20397137

 

Related Articles

  • Top trustee banks: 1997.  // Bond Buyer;01/05/98, Vol. 323 Issue 30303, p34 

    Presents a chart which ranks the banks that acted as trustees for municipal bond issues and government securities in the United States in 1997. Includes First Trust; United States Trust Co.; Bank of New York; Chase Manhattan Bank; State Street Bank & Trust Co.

  • Northeast Issuance Fell in 2013. Slavin, Robert // Bond Buyer;2/25/2014, Vol. 123 Issue 34065, p1 

    The article reports that U.S. Northeast issuers have sold 93.1 billion U.S. dollars of municipal bonds in 2013, which has decreased by 17.4 percent as compared to 2012. Topics discussed include 2013 Northeast statistics related to bond issuance in 11 states, Puerto Rico and the District of...

  • Moody's: Exclusion of Munis as HQLAs a Credit Negative. Hume, Lynn // Bondbuyer.com;9/12/2014, p15 

    The article discusses the impact of bank regulators' liquidity rule on the municipal market's credit ratings, which also explores the state of the municipal bond market in 2014 and the reason behind the implementation of the liquidity rule, as well as its requirements on banks covered.

  • Taxable TOBs Take The Stage. McGee, Patrick // Bond Buyer;7/12/2010, Vol. 373 Issue 33347, p1 

    The article reports on the advantages of taxable tender-option bonds (TOB) to investors and its growing demand in the U.S. It mentions that TOB are short-term, puttable and floating-rate certificates unveiled by banks to serve as collateral in lieu of long-term tax-exempt debt. According to...

  • Fed Sets 3.10% Minimum On $30B 28-Day TAFs. Siegel, Gary E. // Bond Buyer;1/28/2008, Vol. 363 Issue 32803, p2 

    The article reports on the announcement of the U.S. Federal Reserve Board on January 25, 2008, Friday on its plan on minimum bid. The Federal Reserve Board stated that it will establish a 3.10 percent minimum bid on its $30 billion 28-day term auction facility credit that is selling January 28,...

  • The Unsinkable Muni Market. Reber, Jim // Independent Banker;Sep2014, Vol. 64 Issue 9, p72 

    The article focuses on the growth of tax-free municipal securities in community banking. The benefits as well as the opportunities arising form bank qualified (BQ) municipal investments are outlined. The need to adhere to the municipal investment acquisition-and-monitoring procedures of...

  • Treasury 3-Year Notes Go at 1.472% High Yield.  // Bond Buyer;1/11/2017, Vol. 1 Issue 34642, p1 

    The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 3/8% coupon at a 1.472% high yield, a price of 99.716805.

  • Muni Snub From HQLA Creates Buzz Among Buy-side Analysts. Albano, Christine // Bondbuyer.com;9/11/2014, p4 

    The article reports on the move of U.S. bond market participants not to hold out for federal regulators to change a final liquidity rule for banks that requires inclusion of certain municipal bonds on high-quality liquid assets (HQLA). Topics discussed include the openness of banking regulators...

  • Results of Competitive Sales.  // Bond Buyer;10/2/2013, Vol. 122 Issue 33989, p1 

    The article lists the results of the sales of several U.S. securities including general obligation corporate purpose bonds, general obligation refunding bonds and bond anticipation notes along with financial services firms, school districts and banking firms.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics