Commercial Banks Continue to Fade Away from ABS Market During Second Quarter
September 26, 2003
Commercial banks remained major contributors to the non-mortgage ABS market through the first half of this year in terms of new issuance, but they continued to scale back their investment holdings in the sector. Commercial banks held some $92.2 billion of “asset-backed securities” in portfolio as of the end of the second quarter, according to the Federal Deposit Insurance Corp. Under bank regulatory