Bank ABS Holdings Climb in Early 2006, State Street Tops the Ranking
July 7, 2006
Commercial banks held $82.10 billion of asset-backed securities as of the end of the first quarter, according to the Federal Deposit Insurance Corp., which includes deals backed by home-equity lines of credit – but not subprime first-lien mortgages – in its ABS definition. That was up from $69.47 billion in bank ABS holdings at the end of 2005, and $75.11 billion back in the first quarter of last year. Bank investment in ABS peaked back… [One data table included]