Lecture 1 - An Overview of Banks and the Financial Services Sector

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Click on link below, print and bring to class.

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We will also discuss pages 3-9 in the following report, "Understanding the Risks Inherent in Shadow Banking: A Primer and Practical Lessons Learned," David Luttrell, Harvey Rosenblum and Jackson Thies, Staff Papers, Number 18, November 2012 Federal Reserve Bank of Dallas at link below. 
KNOW differences in traditional and shadow banking, and the types of transformation (credit, maturity, and liquidity), and the traditional banking back stops (deposit insurance (FDIC) and the central bank as a lender of last resort).  We will return to these transformations and back stops many times during the semester.

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Do NOT PRINT the following but they will be discussed in class.

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