Merrill Lynch Leads Commercial Banks in Building ABS Portfolios During 3Q02
December 20, 2002
Commercial banks were eager buyers of mortgage-backed securities during the third quarter of 2002, but the industry also found renewed interest in the non-mortgage ABS market, according to new data released by the Federal Deposit Insurance Corp. Banks reported $102.5 billion of ABS in their portfolio as of the end of September, reversing a declining trend in this investment sector that began at the