Commercial Banks Shed Some MBS Holdings In 2Q04, Bulk Up on Residential Mortgages
September 17, 2004
Commercial banks let their mortgage securities investments decline slightly in the second quarter of 2004, but the movement was anything but the major sell-off many analysts have been predicting. According to call report data compiled by the FDIC, commercial banks held $854.01 billion of mortgage securities in their portfolios as of the end of June. Although that was down 2.4 percent from the…