A comprehensive examination of the financial services industry which is must reading for anyone who needs a better understanding of the significant developments that have occured in the wake of deregulation, innovation, and technological change.

"Dr. Irwin L. Kellner, Chief Economist, Manufacturers Hanover Trust, New York"

A worthwhile addition to general collections as a sourcebook on the financial services industry. . .

"Business Information Alert"

Gart brings the reader up-to-date with the changes in regulation and deregulation, structure and restructuring, mergers and acquisitions, technology, distribution systems, sources and uses of funds, strategies, and the profitability of the institutions that are the dominant players within the financial services industry. This volume provides the latest management thinking about asset and liability management, the apparent consolidation of the financial services industry, the latest marketing approaches and technological capabilities, and offers guidance on managing a financial institution through a changing environment and regulatory maze. Institutions that survive and prosper will require superior skills in marketing, information systems, and planning and strategic implementation. Choosing the right tarket segments, the proper products and services, and understanding the most important leverage points in the management of technology and operations will all be part of the basic survival kit along with more efficient distribution systems. This new handbook and guide to the contemporary U.S. financial services industry is must reading for industry professioonals and an essential resource for the public they serve.

Individual chapters describe how the financial services industry developed, where it is today, and what it will be like in the next decade. In addition, the book describes the nature of the competition, the evolution of new products and services, and the impact of deregulation on each segment of the financial services industry. These segments include: commercial banking, international banking, savings and loans, savings banks, credit unions, life insurance companies, property-casualty companies, pension funds, finance companies, leasing companies, investment banking, brokerage firms, investment companies, and money market funds.

This is a comprehensive review and analysis of investment instruments and the markets in which they trade. The book focuses attention not only on traditional investment instruments but also pays particular attention to such new instruments as universal commercial paper, collateralized mortgage obligations, securitized automobile loans, money market preferred funds, and zero-coupon investments. "The Journal of Commercial Bank Lending"

"Handbook of the Money and Capital MarketS" is a comprehensive review and analysis of investment instruments and the markets in which they trade. Designed to help investors obtain the best possible return--with the most manageable exposure to risk--from the funds they invest, the book focuses attention not only on traditional investment instruments such as stocks and bonds, Treasury and Ginnie Mae securities, and tax-exempt municipal bonds, but also pays particular attention to new instruments such as universal commercial paper, collateralized mortgage obligations, REMICS, securitized automobile loans, money market preferred funds, and zero-coupon investments. Written for the professional money manager, the corporate treasurer, the financial planner and consultant, as well as the serious private investor, the book clearly illustrates the dynamics of contemporary financial markets with thorough coverage of such topics as recent developments in money and capital markets, selected debt and equity market relationships and concepts, swaps, the bond rating process, adjustable rate mortgages, the underpinnings of basic valuation theory, interest rate spreads and differentials, basic bond portfolio strategies, duration and immunization, both yielding junk bonds, pass-through securities, and insured tax-free bonds.