文档介绍：Chapter 6 BaBanksnks aandnd OOtthherer InIntterermmeeddiiaarieriess The Nature of Financial Intermediation Depository Financial Institutions The deposit liabilities of these institutions form the cornerstones of the money supply. Generally speaking, commercial banks are the largest depository institutions. Fundamentals of bank management They have financial claims on both the asset and liability sides of their balance sheet. ØLiabilities represent a bank’s source of funds. ØAssets represent a bank’s uses of funds。 uses of bank funds assets ØReserves 准备金(法定准备金和超额准备金):funds that a bank holds in the form of vault cash or deposits at the Federal Reserve. Ø应收现金项目 Ø银行同业存款 and agency securities loans loans loans loans assets Why is it that no stocks are included among bank assets? Commercial banks traditionally have barred by law from owning stocks.