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FDIC Banking Review

Table 1
Credit Markets in the 1950s
Sector Primary assets held Financial source of funding
INDIRECT FINANCE
Commercial banks U.S. Treasury securities
Nonmortgage business loans (C&I, Ag)
Business mortgages
Home mortgages
Consumer credit
Zero-interest bearing checking accounts
Passbook savings accounts
Savings institutions U.S. Treasury securities
Home mortgages
Consumer credit
Passbook savings accounts
Finance companies Non-mortgage business loans
Consumer loans
Bank loans
Corporate bonds and paper
Insurance companies U.S. Treasury securities Contingent claims of policy holders
Pension funds Corporate bonds
State and local government securities
Defined benefit pension claims
DIRECT FINANCE
Nonfinancial holders Corporate bonds and paper
U.S. Treasury securities
State and local government securities
 


Last Updated 12/02/2004 Questions, Suggestions & Requests

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