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1、CommercialBanks’FinancialStatementsandAnalysis374partthreeCommercialBanksWHYEVALUATETHEPERFORMANCEOFCOMMERCIALBANKS?CHAPTEROVERVIEWUnlikeotherprivatecorporations,commercialbanks(CBs)areuniqueinthespecialser-vicestheyperform(e.g.,assistanceintheimplementation

2、ofmonetarypolicy)andthelevelofregulatoryattentiontheyreceive(seeChapters1and13).CBsare,asaresult,uniqueinthetypesofassetsandliabilitiestheyhold.Likeanyfor-profitcorporation,how-ever,theultimatemeasureofaCB’sperformanceisthevalueofitscommonequitytoitssharehol

3、ders.Thischapterdiscussesthefinancialstatementsoftheseinstitutions.Man-agers,stockholders,depositors,regulators,andotherpartiesuseperformance,earnings,andothermeasuresobtainedfromfinancialstatementstoevaluatecommercialbanks.Forexample,theInTheNewsboxlooksath

4、owregulatorsusefinancialstatementdatatoevaluatetheoverallsafetyandsoundnessofabank.Asweproceedthroughthechapter,noticetheextenttowhichregulators’evaluationoftheoverallsafetyandsoundnessofabank(ortheirassignmentofaso-calledCAMELSrating)dependsonfinancialstate

5、mentdata.Giventheextensivelevelofregulationandtheaccompanyingrequirementsforpublicavailabilityoffinancialinformation,thefinancialstatementsofcommercialbanksareidealcandidatestouseinexaminingtheperformanceofdepositoryinstitutions.Thischapterusescommercialbank

6、stoillustrateareturnonequity(ROE)frame-workasamethodofevaluatingdepositoryinstitutions’profitability.TheROEframeworkdecomposesthisfrequentlyusedmeasureofprofitabilityintoitsvariouscomponentpartsCommercialBanks’FinancialStatementsandAnalysisLearningGoalsLG1.U

7、nderstandthefourmajorcategoriesofassetsonacommercialbank’sbalancesheet.LG2.Distinguishbetweencoredepositsandpurchasedfunds.LG3.Identifyoff-balance-sheetactivitiesthatcommercialbanksundertake.LG4.Describethemajorcategoriesonacommercialbank’sincomestatement.LG

8、5.Examineratiosthatcanbeusedtoanalyzeacommercialbank.OUTLINEWhyEvaluatethePerformanceofCommercialBanks?ChapterOverviewFinancialStatementsofCommercialBanksBalanceSheetStructureOff-Balance-SheetAs