We estimate holdings of highly-rated tranches of mortgage securitizations of American deposit-taking banks ahead of the …-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …

. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank …A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from … to deposit insurance and/or enhanced capital regulation) and that internal demand for funding by banks determines rates …

to banks' deposit franchise. The deposit franchise gives banks substantial market power over deposits, allowing them to … pay deposit rates that are low and insensitive to market interest rates. Maintaining this power requires banks to incur …

that centers on the existence of an increasingly efficient market for bank shares. The stock market was important because …

of deposits can be negative. Deposit accounts commit banks to accept any inflows and outflows, so that banks cannot …

Is bank capital structure designed to extract deposit subsidies? We address this question by studying capital structure … shadow banks. Modern shadow bank capital structure choices resemble those of pre-deposit-insurance banks both in the U.S. and … banks finance themselves primarily with short-term debt and originate long-term loans. However, shadow bank debt is provided …

even if depositors and bank owners have the same preferences and the same investment opportunities. Various government … regulations of these institutions, including minimum capital levels, requirements concerning the assets they may hold, deposit …

A lending boom is reflected in the composition of bank liabilities when traditional retail deposits (core liabilities …

show instead that transactions deposits help banks hedge liquidity risk from unused loan commitments. Bank stock …. This deposit-lending risk management synergy becomes more powerful during periods of tight liquidity, when nervous …

Depression, high default risk was penalized with deposit withdrawals. To reduce deposit risk, banks increased their riskless …