New York City Mutual Savings Banks, 1819-1861


Book Description

These institutions were founded ostensibly for philanthropic purposes--to encourage and reward thrift on the part of society's lower classes. For purposes of analysis, Olmstead formulates an alternative hypothesis. Men organized mutuals for the same reason that impelled their other business ventures--the hope of profit. The author focuses on the internal operations of several banks and the important role they played in financing antebellum development. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.




Returns to Initial Shareholders in Savings and Loan Conversions


Book Description

This paper examines that stock price performance of savings institutions that have converted to the stock form of organization. Using event-study methodology, the study focuses on the returns to initial shareholders in the period immediately following initial trading. The results of the study indicate that there are significant positive returns in savings institution conversions in the first several trading days, indicating a one-time wealth transfer from depositors not extracting their rights to the initial shareholders. The results also attest to the efficiency of the market as the market price adjusts quickly in the first two days of trading after the public offering.




Conversions (mutual to Stock Institutions)


Book Description




Public Regulation of Financial Services: Costs and Benefits to Consumers


Book Description

In the many studies that have been conducted on the provision of financial services for consumers, regulation has emerged as one of the most important factors. The impact of regulation on financial service industries is a major focus of this comprehensive bibliography of relevant source materials in the field of regulatory economics. The bibliography includes entries from the major economics and finance journals published over the past twenty years, major law and business journals,government documents, books, and doctoral dissertations--all indexed according to subject matter--as well as abstracts of many of the papers.The product of extensive research, Heggestad's work is invaluable to university libraries, regulatory agencies, financial institutions, and financial experts, and is an efficient and essential reference tool for anyone wishing to study specific markets and the impact of financial regulation on them.













Monthly Catalog of United States Government Publications


Book Description

February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index