Commercial Banks Ease Back on Mortgage Securities Investments in 3Q05, But Some Firms Loaded Up
Commercial banks eased back slightly in their holdings of mortgage securities during the third quarter, although a number of large institutions padded their MBS portfolios and industry-wide holdings remained at historically high levels. According to data from the Federal Deposit Insurance Corp., commercial banks held $902.88 billion of mortgage securities as of the end of the third quarter. That was down 1.1 percent from the previous quarter, but significant buying activity in the first half… [Two data tables included]