《商业银行管理》课后习题答案IMChap6

商业银行课后章节习题及参考答案第一章1．商业银行从传统业务发展到“金融百货公司”说明了什么问题？随着金融竞争的加剧，金融创新成为商业银行发展的关键和动力源。

这不仅表现在银行传统业务市场已被瓜分完毕，需要通过创新来挖掘新的市场和发展机会，而且对传统业务市场的竞争和重新分配也必须借助新的手段和方式。

各家商业银行纷纷利用新的科学技术、借鉴国外商业银行的先进经验，进行技术、制度和经营管理方式创新，全面拓展银行发展空间。

商业银行进行业务扩展可以分散经营风险，减少风险总量；多渠道获取利润；为社会提供全方位的金融服务；符合金融市场的运作要求内在统一性。

2．如何认识现代商业银行的作用？P5信用中介、支付中介、信用创造、金融服务3．银行组织形式有哪些？近年来，银行控股公司为什么发展迅速？P7银行的组织形式有：单一银行制、分行制和银行控股公司制（银行控股公司、非银行控股公司）金融控股公司的发展是随着全球金融自由化、市场竞争和现代信息技术在金融业广泛应用而日益兴隆的，它是现代经济发展的必然产物。

20世纪70年代中后期以来，全球范围内的放松市场监管、企业客户和个人客户的全球化发展，以及信息技术对金融业各个方面的战略性影响，使金融结构和客户结构发生了巨大变化。

各类金融机构开始向其他金融服务领域渗透，主要市场经济国家的金融业开始从分业经营体制向综合经营体制转型。

1.联合经营获得规模效应金融控股集团各子公司虽然是分业经营，但已经不是纯粹意义上的单一经营，而是互相联合起来，共同从事多种金融经营，保证集团整体效益的实现。

金融控股集团的基本作用是形成同一集团在品牌、经营战略、营销网络以及信息共享等方面的协同优势，降低集团整体的经营成本并从多元化经营中获取更多收益。

金融资产的强关联性和弱专用性，决定了其综合经营比其他行业更能形成规模经济和范围经济，而控股公司结构正是发挥这一优势的合适载体。

（产品创新、营销等）2.在当前监管体制下规避风险法人分业的作用是防止不同金融业务风险的相互传递，将风险控制在最小范围内，同时可对关联交易起到一定的遏制作用。

商业银行经营管理智慧树知到课后章节答案2023年下湖南工商大学湖南工商大学第一章测试1.商业银行的主要业务包括（）。

A:办理结算业务 B:股票发行业务 C:发放贷款 D:吸收公共存款答案:办理结算业务;发放贷款;吸收公共存款2.早期银行主要从事货币兑换业务。

（）A:对 B:错答案:对3.受地域和经济环境等因素的约束，规模经济原理并不一定适应于商业银行。

（）A:错 B:对答案:对4.商业银行管理的最终目标是（）。

A:价值最大化 B:安全性 C:流动性 D:盈利性答案:价值最大化5.跨区域经营是我国城市商业银行的发展趋势之一。

（）A:错 B:对答案:对第二章测试1.下列对优先股特征的描述中，正确的是（）A:优先股股东可参加公司的红利分配B:优先股股东无表决权C:破产清算时，优先股优先于债务清算 D:优先股的收益是不固定的答案:优先股股东无表决权2.商业银行资本金的功能包括（）A:保护功能 B:盈利功能 C:营业功能 D:管理功能答案:保护功能;营业功能;管理功能3.以下不属于《巴塞尔新资本协议》三大支柱的是（）A:市场纪律 B:监管机构监督检查 C:内部控制 D:最低资本规定答案:市场纪律;监管机构监督检查;最低资本规定4.外源资本的主要来源包括普通股、优先股、长期次级债券。

（）A:对 B:错答案:对5.按照《巴塞尔资本协议》，风险权重为0的资产是（）A:现金 B:对私人机构的债权 C:对本国公共部门或由此类公共部门担保的贷款 D:托收中的现金款项等资产答案:对私人机构的债权第三章测试1.负债是商业银行资金的全部来源。

（）A:错 B:对答案:错2.同业借款一般不包括（）。

A:同业拆借 B:抵押借款 C:再贴现 D:转贴现答案:再贴现3.商业银行吸收的存款中稳定性最好的是（）。

A:NOW账户 B:储蓄存款 C:定活两便存款 D:自动转账服务账户答案:储蓄存款4.商业银行的存款成本除了利息支出,还包括（）。

《商业银行管理学》课后习题及题解第一章商业银行管理学导论习题一、判断题1. 《金融服务现代化法案》的核心内容之一就是废除《格拉斯－斯蒂格尔法》。

2. 政府放松金融管制与加强金融监管是相互矛盾的。

3. 商业银行管理的最终目标是追求利润最大化。

4. 在金融市场上，商业银行等金融中介起着类似于中介经纪人的角色。

5. 商业银行具有明显的企业性质，所以常用于企业管理的最优化原理如边际分享原理、投入要素最优组合原理、规模经济原理也适用于商业银行。

6. 金融市场的交易成本和信息不对称决定了商业银行在金融市场中的主体地位。

7. 企业价值最大化是商业银行管理的基本目标。

8. 商业银行管理学研究的主要对象是围绕稀缺资源信用资金的优化配置所展开的各种业务及相关的组织管理问题。

9. 商业银行资金的安全性指的是银行投入的信用资金在不受损失的情况下能如期收回。

二、简答题1. 试述商业银行的性质与功能。

2. 如何理解商业银行管理的目标？3. 现代商业银行经营的特点有哪些？4. 商业银行管理学的研究对象和内容是什么？5. 如何看待“三性”平衡之间的关系？三、论述题1. 论述商业银行的三性目标是什么，如何处理三者之间的关系。

2. 试结合我国实际论述商业银行在金融体系中的作用。

第一章习题参考答案一、判断题1.√2.×3.×4.√5.×6.√7.×8.√9.√二、略；三、略。

第二章商业银行资本金管理习题一、判断题1. 新巴塞尔资本协议规定，商业银行的核心资本充足率仍为4％。

2. 巴塞尔协议规定，银行附属资本的合计金额不得超过其核心资本的50%。

3. 新巴塞尔资本协议对银行信用风险提供了两种方法：标准法和内部模型法。

4. 资本充足率反映了商业银行抵御风险的能力。

5. 我国国有商业银行目前只能通过财政增资的方式增加资本金。

6. 商业银行计算信用风险加权资产的标准法中的风险权重由监管机关规定。

二、单选题1. 我国《商业银行资本充足率管理办法》规定，计入附属资本的长期次级债务不得超过核心资本的。

CHAPTER 6MEASURING AND EVALUATING THE PERFORMANCE OF BANKS AND THEIRPRINCIPAL COMPETITORSGoal of This Chapter: The purpose of this chapter is to discover what analytical tools can be applied to a bank’s financial statements so that management and t he public can identify the most critical problems inside each bank and develop ways to deal with those problemsKey Topics in This Chapter∙Stock Values and Profitability Ratios∙Measuring Credit, Liquidity, and Other Risks∙Measuring Operating Efficiency∙Performance of Competing Financial Firms∙Size and Location Effects∙The UBPR and Comparing PerformanceChapter OutlineI. Introduction:II. Evaluating a Bank's PerformanceA. Determining Long-Range ObjectivesB. Maximizing The Value of the Firm: A Key Objective for Nearly AllFinancial-Service InstitutionsC. Profitability Ratios: A Surrogate for Stock Values1. Key Profitability Ratios2. Interpreting Profitability RatiosD. Useful Profitability Formulas for Banks and Other Financial Service CompaniesE. Breaking Down Equity Returns for Closer AnalysisF. Break-Down Analysis of the Return on AssetsG. What a Breakdown of Profitability Measures Can Tell UsH. Measuring Risk in Banking and Financial Services1. Credit Risk2. Liquidity Risk3. Market Risk4. Interest-Rate Risk5. Operational Risk6. Legal and Compliance Risk7. Reputation Risk8. Strategic Risk9. Capital RiskI. Other Goals in Banking and Financial Services ManagementIII. Performance Indicators among Banking’s Key CompetitorsIV. The Impact of Size on PerformanceA. Size, Location and Regulatory Bias in Analyzing The Performance of Banks andCompeting Financial InstitutionsB. Using Financial Ratios and Other Analytical Tools to Track BankPerformance--The UBPR.V. Summary of the ChapterAppendix to the Chapter - Improving the Performance of Financial Firms Through Knowledge: Sources of Information on the Financial-Services IndustryConcept Checks6-1. Why should banks and other corporate financial firms be concerned about their level of profitability and exposure to risk?Banks in the U.S. and most other countries are private businesses that must attract capital from the public to fund their operations. If profits are inadequate or if risk is excessive, they will have greater difficulty in obtaining capital and their funding costs will grow, eroding profitability. Bank stockholders, depositors, and bank examiners representing the regulatory community are all interested in the quality of bank performance. The stockholders are primarily concerned with profitability as a key factor in determining their total return from holding bank stock, while depositors (especially large corporate depositors) and examiners typically focus on bank risk exposure.6-2. What individuals or groups are likely to be interested in these dimensions of performance for a bank or other financial institution?The individuals or groups likely to be interested in bank profitability and risk include other banks lending to a particular bank, borrowers, large depositors, holders of long-term debt capital issued by banks, bank stockholders, and the regulatory community.6-3. What factors influence the stock price of a financial-services corporation?A bank's stock price is affected by all those factors affecting its profitability and risk exposure, particularly its rate of return on equity capital and risk to shareholder earnings. A bank can raise its stock price by creating an expectation in the minds of investors of greater earnings in the future, by lowering the bank's perceived risk exposure, or by a combination of increases in expected earnings and reduced risk.6-4. Suppose that a bank is expected to pay an annual dividend of $4 per share on its stock in the current period and dividends are expected to grow 5 percent a year every year, and the minimum required return to equity capital based on the bank's perceived level of risk is 10 percent. Can you estimate the current value of the bank's stock?In this constant dividend growth rate problem the current value of the bank's stock would be:P o = D1 / (k – g) = $4 / (0.10 – 0.05) = $80.6-5. What is return on equity capital and what aspect of performance is it supposed to measure? Can you see how this performance measure might be useful to the managers o f financial firms?Return on equity capital is the ratio of Net Income/Total Equity Capital. It represents the rate of return earned on the funds invested in the bank by its stockholders. Financial firms have stockholders, too who are interested in the return on the funds that they invested.6-6 Suppose a bank reports that its net income for the current year is $51 million, its assets totally $1,144 million, and its liabilities amount to $926 million. What is its return on equity capital? Is the ROE you have calculated good or bad? What information do you need to answer this last question?The bank's return on equity capital should be:ROE = Net Income = $51 million = .098 or 9.8 percentEquity Capital $1,444 mill.-$926 mill.In order to evaluate the performance of the bank, you have to compare the ROE to the ROE of some major competitors or some industry average.6-7 What is the return on assets (ROA), and why is it important? Might the ROA measure be important to banking’s key competitor s?Return on assets is the ratio of Net Income/Total Assets. The rate of return secured on a bank's total assets indicates the efficiency of its management in generating net income from all of the resources (assets) committed to the institution. This would be important to banks and their major competitors.6-8. A bank estimates that its total revenues will amount to $155 million and its total expenses (including taxes) will equal $107 million this year. Its liabilities total $4,960 million while its equity capital amounts to $52 million. What is the bank's return on assets? Is this ROA high or low? How could you find out?The bank's return on assets would be:ROA = Net Income = $155 mill. - $107 mill. = 0.0096 or 0.96 percent Total Assets $4,960 mill. + $52 mill.The size of this bank's ROA should be compared with the ROA's of other banks similar in size and location to determine if this bank's ROA is high or low relative to the average forcomparable banks.6-9. Why do the managers of financial firms often pay close attention today to the net interest margin and noninterest margin? To the earnings spread?The net interest margin (NIM) indicates how successful the bank has been in borrowing funds from the cheapest sources and in maintaining an adequate spread between its returns on loans and security investments and the cost of its borrowed funds. If the NIM rises, loan and security income must be rising or the average cost of funds must be falling or both. A declining NIM is undesirable because the bank's interest spread is being squeezed, usually because of rising interest costs on deposits and other borrowings and because of increased competition today.In contrast, the noninterest margin reflects the banks spread between its noninterest income (such as service fees on deposits) and its noninterest expenses (especially salaries and wages and overhead expenses). For most banks the noninterest margin is negative. Management will usually attempt to expand fee income, while controlling closely the growth of noninterest expenses in order to make a negative noninterest margin less negative.The earnings spread measures the effectiveness of the bank's intermediation function of borrowing and lending money, which, of course, is the bank's primary way of generating earnings. As competition increases, the spread between the average yields on assets and the average cost of liabilities will be squeezed, forcing the bank's management to search for alternative sources of income, such as fees from various services the bank offers.6-10. Suppose a banker tells you that his bank in the year just completed had total interest expenses on all borrowings of $12 million and noninterest expense of $5 million, while interest income from earning assets totaled $16 million and noninterest revenues added to a total of $2 million. Suppose further that assets amounted to $480 million of which earning assets represented 85 percent of total assets, while total interest-bearing liabilities amounted to 75 percent of total assets. See if you can determine this bank's net interest and noninterest margins and its earnings base and earnings spread for the most recent year.The bank's net interest and noninterest margins must be:Net Interest = $16 mill. - $12 mill. Noninterest = $2 mill. - $5 mill.Margin $480 mill. Margin $480 mill.=.00833 = -.00625The bank's earnings spread and earnings base are:Earnings = $16 mill. - $12 mill.Spread $480 mill * 0.85 $480 mill. * 0.75= .0392 =.0333Earnings Base = $480 mill. - $480 mill. * 0.15 = 0.85 or 85 percent6-11. What are the principal components of ROE and what do each of these components measure?The principal components of ROE are:a. The net profit margin or net after-tax income to operating revenues which reflects the effectiveness of a bank's expense control program;b. The degree of asset utilization or ratio of operating revenues to total assets which measures the effectiveness of managing the bank's assets, especially the loan portfolio; and,c. The equity multiplier or ratio of total assets to total equity capital which measures a bank's use of leverage in funding its operations.6-12. Suppose a bank has an ROA of 0.80 percent and an equity multiplier of 12x. What is its ROE? Suppose this bank's ROA falls to 0.60 percent. What size equity multiplier must it have to hold its ROE unchanged?The bank's ROE is:ROE = 0.80 percent *12 = 9.60 percent.If ROA falls to 0.60 percent, the bank's ROE and equity multiplier can be determined from: ROE = 9.60% = 0.60 percent * Equity MultiplierEquity Multiplier = 9.60 percent = 16x.0.60 percent6-13. Suppose a bank reports net income of $12, before-tax net income of $15, operating revenues of $100, assets of $600, and $50 in equity capital. What is the bank's ROE?Tax-management efficiency indicator? Expense control efficiency indicator? Asset management efficiency indicator? Funds management efficiency indicator?The bank's ROE must be:ROE = 50$12$ = 0.24 or 24 percentIts tax-management, expense control, asset management, and funds management efficiency indicators are:Tax Management = $12 Expense Control = $15Efficiency indicator $15 Efficiency Indicator $100= .8 or 80 percent =.15 or 15 percentAsset Management = $100 Funds Management = $600Efficiency Indicator Efficiency Indicator= 0.1666 or 16.67 percent = 12 x6-14. What are the most important components of ROA and what aspects of a financial institution’s performance do they reflect?The principal components of ROA are:a. Total Interest Income Less Total Interest Expense divided by Total Assets, measuring a bank's success at intermediating funds between borrowers and lenders;b. Provision for Loan Losses divided by Total Assets which measures management's ability to control loan losses and manage a bank's tax exposure;c. Noninterest Income less Noninterest Expenses divided by Total Assets, which indicates the ability of management to control salaries and wages and other noninterest costs and generate tee income;d. Net Income Before Taxes divided by Total Assets, which measures operating efficiency and expense control; ande. Applicable Taxes divided by Total Assets, which is an index of tax management effectiveness.6-15. If a bank has a net interest margin of 2.50%, a noninterest margin of -1.85%, and a ratio of provision for loan losses, taxes, security gains, and extraordinary items of -0.47%, what is its ROA?The bank's ROA must be:ROA = 2.50 percent - 1.85 percent - 0.47 percent = 0.18 percent6-16. To what different kinds of risk are banks and their financial-service competitors subjected today?a. Credit Risk -- the probability that loans and securities the bank holds will not pay out as promised.b. Liquidity Risk -- the probability the bank will not have sufficient cash on hand in the volume needed precisely when cash demands arise.c. Market Risk -- the probability that the value of assets held by the bank will decline due to falling market prices.d. Interest-Rate Risk - the possibility or probability interest rates will change, subjecting the bank to lower profits or a lower value for the firm’s capital.e. Operational Risk – the uncertainly regarding a financ ial firm’s earnings due to failures in computer systems, employee misconduct, floods, lightening strikes and other similar events.f. Legal and Compliance Risk –the uncertainty regarding a financial firm’s earnings due to actions taken by our legal system or due to a violation of rules and regulationsg. Reputation Risk – the uncertainty due to public opinion or the variability in earnings due to positive or negative publicity about the financial firmh. Strategic Risk – the uncertainty in earnings due to adverse business decisions, lack or responsiveness to changes and other poor decisions by managementi. Capital Risk – the risk that the value of the assets will decline below the value of the liabilities. All of the other risks listed above can affect earnings and the value of the assets and liabilities and therefore can have an effect on the capital position of the firm.6-17. What items on a bank's balance sheet and income statement can be used to measure its risk exposure? To what other financial institutions do these risk measures apply?There are several alternative measures of risk in banking and financial service firms. Capital risk is often measured by bank capital ratios, such as the ratio of total capital to total assets or total capital to risk assets. Credit risk can be tracked by such ratios as net loan losses to total loans or relative to total capital. Liquidity risk can be followed by using such ratios as cash assets to total assets or by total loans to total assets. Interest-rate risk may be indicated by such ratios as interest-sensitive liabilities to interest-sensitive assets or the ratio of money-market borrowings to money-market assets.6-18. A bank reports that the total amount of its net loans and leases outstanding is $936 million, its assets total $1,324 million, its equity capital amounts to $110 million, and it holds $1,150 million in deposits, all expressed in book value. The estimated market values of the bank's total assets and equity capital are $1,443 million and $130 million, respectively. The bank's stock is currently valued at $60 per share with annual per-share earnings of $2.50. Uninsured deposits amount to $243 million and money market borrowings total $132 million, while nonperforming loans currently amount to $43 million and the bank just charged off $21 million in loans. Calculate as many of the bank's risk measures as you can from the foregoing data.Net Loans and Leases = $936 mill. Uninsured Deposits $243 mill.Total Assets $1,324 mill. Total Deposits $1,150 mill.0.7069 or 70.69 percent 0.2113 or 21.13 percentEquity Capital = $130 mill. Stock Price $60Total Assets $1,443 mill. Earnings Per Share $2.50= 0.0901 or 9.01 percent = 24 XNonperforming Assets = $43 mill. =0.0459 or 4.59 percentNet Loans and Leases $936 mill.Charge-offs of loans = $21 Purchased Funds = $243 mill. + $132 mill. Total Loans and Leases $936 Total Liabilities $1,324 mill. - $110 mill.=.0224 or 2.24 percent .3089 or 30.89 percentBook Value of Assets = $1324 =0.9175 or 91.75 percentMarket Value of Assets $1443Problems6-1. An investor holds the stock of First National Bank of Imoh and expects to receive a dividend of $12 per share at the end of the year. Stock analysts have recently predicted that the bank’s dividends will grow at approximately 3 percent a year indefinitely into the future. If this is true, and if the appropriate risk-adjusted cost of capital (discount rate) for the bank is 15 percent, what should be the current stock price per share of Imoh’s stock?10D $12P $100r-g .15.03===-6-2. Suppose that stockbrokers have projected that Poquoson Bank and Trust Company will pay a dividend of $3 per share on its common stock at the end of the year; a dividend of $4.50 per share is expected for the next year and $6 per share in the following year. The risk-adjusted cost of capital for banks in Poquoson’s risk class is 17 percent. If an investor holding Poquoson’s stock plans to hold that stock for only three years and hopes to sell it at a price of $55 per share, what should the value of the bank’s stock be in today’s market?0233$3.00$4.50$6.00$55P $43.94(1.17)(1.17)(1.17)(1.17)=+++=++++P 0 = $43.94 per share.6-3 Depositors Savings Association has a ratio of equity capital to total assets of 7.5 percent. In contrast, Newton Savings reports an equity capital to asset ratio of 6 percent. What is the value of the equity multiplier for each of these institutions? Suppose that both institutions have an ROA of 0.85 percent. What must each institution’s return on equity capital be? What do your calculations tell you about the benefits of having as little equity capital as regulations or the marketplace will allow?Depositors Savings Association has an equity-to-asset ratio of 7.5 percent which means its equity multiplier must be:1/ (Equity Capital / Assets) = A ssetsE quityC apital = 1 / 0.075 = 13.33xIn contrast, Newton Savings has an equity multiplier of:1/ (Equity Capital / Assets) = 10.06 = 16.67xWith an ROA of 0.85 percent Depositors Savings Association would have an ROE of:ROE = 0.85 x 13.33x = 11.33 percent.With an ROA of .85 percent Newton Savings would have an ROE of:ROE = 0.85 x 16.67x = 14.17 percentIn this case Newton Savings is making greater use of financial leverage and is generating a higher return on equity capital.6-4. The latest report of condition and income and expense statement for Galloping Merchants National Bank are as shown in the following tables:Galloping Merchants National BankInterest Fees on Loans $65Interest Dividends on Securities 12Total Interest Income 77Interest Paid on Deposits 49Interest on Nondeposit Borrowings 6Total Interest Expense 55Net Interest Income 22Provision for Loan Losses 2Noninterest Income and Fees 7Noninterest Expenses:Salaries and Employee Benefits 12Overhead Expenses 5Other Noninterest Expenses 3Total Noninterest Expenses 20Net Noninterest Income -13Pre Tax Operating Income 7Securities Gains (or Losses) 1Pre Tax Net Operating Income 8Taxes 1Net Operating Income 7Net Extraordinary Income -1Net Income $6FTE 40Galloping Merchants National BankReport of ConditionCash and Due From Banks $100 Demand Deposits $190Investment Securities$150 Savings Deposts $180Federal Funds Sold $10 Time Deposits $470Net Loans$670 Federal Funds Purch $69(ALL 25) Total Liabilities$900(Unearned Income 5) Common Stock $20Plant and Equipment$50 Surplus $25Retained Earnings$35Total Assets $980 Total Ca $80Total Earnings Assets $830 Interest BearingDeposits $650Fill in the missing items on the income and expense statement. Using these statements, calculate the following performance measures:Net Income $6ROE =.075 or 7.5%Total Equity Capital$80==Net Income $6ROA =.00612 or .612%Total Assets$980==Net Interest Income$22Net Interest M argin =.0224 or 2.24%Total Assets$980==-$13Net Noninterest M argin =.0133 or -1.33 percent $980=-Total Operating Revenues - Total Operating Expenses$84$77Net Operating M argin =.00714 or .714%Total Assets $980-==Total Interest Income Total Interest Expenses $77$55Earnings Spread =.01531 or 1.53 %Total Earnings AssetsTotal Interest Bearing Liabilities$830$710-=-=Net Income$6Net Profit M argin =.0714 or 7.14 percent Total Operating Revenues$84==Total Operating Revenues$84Asset Utilization =.0857 or 8.57%Total Assets$980==Total Assets $980Equity M ultiplier =12.25Total Equity Capital$80x ==85.7%or 857.7$6$IncomeOperating Net Tax Pre IncomeNetEfficiency ManagementTax ===8.33%or 0833.84$7$RevenueOperating Total Income Operating Net Tax PreEfficiency Control Expense ===Total Operating Revenues$84Asset M anagement Efficiency Ratio =.0857 or 8.57%Total Assets$980==Total Assets $980Funds M anagement Efficiency Ratio =12.25Total Equity Capital$80x ==91.76%or 9176.gains) securities (including 85$ taxes)(including 78$RevenuesOperating Total Expenses Operating TotalRatio Efficiency Operating ===6-5. The following information is for Shallow National BankInterest Income $2,100 Interest Expense $1,400 Total Assets$30,000Securities Gains (losses) $21 Earning Assets $25,000 Total Liabilities $27,000Taxes Paid$16 Shares of Common Stock 5,000 Noninterest income $700 Noninterest Expense $900 Provision for Loan Losses$100ROE = $405 ROA = $405 $30,000 - $27,000 $30,0000.135 or 13.5 percent0.0135 or 1.35 percentEarnings =$405 = $.081 per sharePer Share5000Net Interest = $2100 - $1400 = $700 = 0.028 or 2.8 percentMarginNet Noninterest = $700 - $900 = -$200= 0.008or .8 percentMargin $25,000 $25,000Net Operating = ($2100 + $700) – ($1,400 + $900 + $100)= $400 =0.0133 or 1.33 percent Margin $30,000$30,000Suppose interest income, interest expenses, noninterest income, and noninterest expenses eachincrease by 5 percent, with all other items remaining unchanged.Interest Income $2,205Interest Expense $1,470Total Assets $30,000Securities Gains (losses) $21Earning Assets $25,000Total Liabilities $27,000Taxes Paid $16Shares of Common Stock 5,000Noninterest income $735Noninterest Expense $945Provision for LoanLosses $100ROE = $430 ROA = $430$30,000 - $27,000 $30,0000.1433 or 14.33 percent 0.0143 or 1.43 percentEarnings = $430 = $.086 per sharePer Share 5000Net Interest = $2205 - $1470 = $735 = 0.0294 or 2.94 percentMargin $25,000 $25,000Net Noninterest = $735 - $945 = -$210 = 0.0084 or .84 percentMargin $25,000 $25,000Net Operating = ($2205 + $735) – ($1,470 + $945 + $100) = $425 =0.0142 or 1.42 percent MarginOn the other hand, suppose Shallow’s interest income, interest expenses, noninterest income, and noninterest expenses decline by 5 percent, again with all other factors held equal. How would the bank’s ROE, ROA and per share earnings change?Interest Income $1995Interest Expense $1,330Total Assets $30,000Securities Gains (losses) $21Earning Assets $25,000Total Liabnilities$27,000Taxes Paid $16Shares of Common Stock 5,000Noninterest income $665Noninterest Expense $855Provision for LoanLosses $100ROE = $380 ROA = $380$30,000 - $27,000 $30,0000.1267 or 12.67 percent 0.0127 or 1.27 percentEarnings = $380 = $.076 per sharePer Share 5000Net Interest = $1995 - $1330 = $665 = 0.0266 or 2.66 percentMargin $25,000 $25,000Net Noninterest = $665 - $855 = -$190 = 0.0076 or .76 percentMargin $25,000 $25,000Net Operating = ($1995 + $665) – ($1,330 + $855 + $100) = $375 =0.0125 or 1.25 percent Margin $30,000 $30,0006-6. Blue and White National Bank holds total assets of $1.69 billion and equity capital of $139 million and has just posted an ROA of 1.1 percent. What is this bank’s ROE?:ROE = ROA * Total AssetsEquity C apital = 0.011 * $1,690$139= 0.1337 or 13.37%R0A increases by 50%, with no change in assets or equity capital.Therefore, the new ROA = 0.011 * 1.5 = 0.0165 or 1.65%.New ROE = 1.65% * 12.16 = 20.06%This represents a 50% increase in ROE. With no changes in assets or equity, the investors' funds are more effectively utilized, generating additional income and making the bank more profitable. Alternative Scenario 2:ROA decreases by 50%, with no change in equity or assets.Therefore, the new ROA = 0.011 * 0.5 = 0.0055 or 0.55%.New ROE = 0.55% * 12.16 = 6.69%This represents a 50% decrease in ROE. The bank's management has been less efficient, in this case, in managing their lending and/or investing functions or their operating costs.Alternative Scenario 3:ROA = 0.011 or 1.1% (as in the original problem)Total assets double in size to $3.38 billion and equity capital doubles in size to $278 million. Therefore, the equity multiplier (i.e. total assets/equity capital) remains the same (E.M. =$3,380/$278 = 12.16). As a result, there is no change in ROE from the original situation (i.e.), 1.1% * 12.16 = 13.38%).Alternative Scenario 4:This, of course, is just the reverse of scenario 3. Since the changes in both assets and equity capital are the same, the ratio of the two (i.e., the equity multiplier) remains constant. As a result, there is again no change in ROE.E.M. = Total Assets/Equity Capital = $845/$69.5 = 12.16.Therefore, ROE = 1.1% * 12.16 = 13.38%.6-7. Monarch State Bank reports total operating revenues of $135 million, with total operating expenses of $121 million, and owes taxes of $2 million. It has total assets of $1.00 billion and total liabilities of $900 million and has just posed an ROA of 1.1o percent. What is the bank’s ROE? Net Income after Taxes = $135 million -$121 million -$2 million = $12 millionEquity Capital = $1.00 billion - $900 million = $100 millionROE = N et Incom e after Taxes= $12 million / $100 million = 0.12 or 12%.Equity C apitalAlternative Scenario 1: How will the ROE for Monarch State Bank change if total operating expenses, taxes and total operating revenues each grow by 10 percent while assets and liabilitiesstay fixed.Total revenues = $135 million * 1.10 = $148.5 millionTotal expenses = $121 million * 1.10 = $133.1 millionTax liability = $2 million * 1.10 = $2.2 millionNet Income after Taxes = $148.5 - $133.1 - $2.2 = $13.2 millionROE = $13.2 million/$100 million = 0.132 or 13.2%Change in ROE = (13.2%-12%)/12% = 10%Alternative Scenario 2: Suppose Monarch State’s total assets and total liabilities increase by 10 percent, but its revenues and expenses (including taxes) are unchanged. How will the bank’s ROE change?Total assets increase by 10% (Total assets = $ 1.0 * 1.10 = $1.1 billion)Total liabilities increase by 10% (Total liabilities = $900 million * 1.10 = $990Revenues and expenses (including taxes) remain unchanged.Solution: Equity Capital = $1.1 billion - $990 million = $110 millionROE = $12 = .109110.91 percentTherefore change in ROE = 10.91% - 12% = -1.09% = -.0908%12% 12% (ROE decreases by 9.08%)Alternative Scenario 3: Can you determine what will happen to ROE if both operating revenuesand expenses (including taxes) decline by 10 percent, with the bank’s total assets and liabilitiesheld constant?Total revenues decline by 10% (Total revenues = $135 million * 0.90 = $121.5 million)Total expenses decline by 10% (Total expenses = $121 million * 0.9 = $108.9 million)Tax liability declines by 10% (Tax liability = $2 * 0.9 = $1.8 million)Assets and liabilities remain unchanged (Therefore, equity remains unchanged)。

《商业银行管理学》习题参考答案第一章1．金融制度对现代经济体系的运行起到了什么作用？（1）配置功能（2）节约功能（3）激励功能（4）调节功能2．商业银行在整个金融体系中有哪些功能？（1）金融服务功能（2）信用创造功能3．美国、英国、日本和德国的商业银行制度特征是什么？比较英美和日德的银行制度差异。

美国：是金融制度创新和金融产品创新的中心，拥有健全的法律法规对银行进行管制；竞争的激烈，使得美国商业银行具有完善的管理体系和较高的管理水平；受到双重银行体系的管制，即联邦和州权力机构都掌握着管制银行的权利。

英国：成立最早，经验丰富，实行分支行制；银行系统种类齐全、数量众多，按英国的分类，英国的银行主要包括清算银行，商人银行，贴现行，其他英国银行和海外银行等机构；不存在正式的制度化的银行管理机构，惟一的监管机构是作为中央银行的英格兰银行；典型的实行分业经营的国家。

日本：货币的统一发行集中到中央银行－日本银行；商业银行按区域划分的，具体可分为两大类型，即都市银行和地方银行；受到广泛的政府管制；二战前仿效英国业务分离的做法，之后随着环境的变化和经济的发展日本银行从1998年开始实行混业经营。

德国：由统一的中央银行－德意志联邦银行，统一发行货币，且德意志联邦银行被认为是欧洲各国中最具有独立性的中央银行。

德国银行高度集中，实行全能化的银行制度，密集程度是欧盟各国中最高的。

区别：英美在其业务上侧重存款的管理，而日德则侧重在贷款方面。

英美制度完善，有利于银行之间的竞争，日德法律体系发展相对缓慢。

4．根据你对我国银行业的认识，讨论我国银行业在国民经济中的地位以及制度特征。

答：地位：（1）我国的商业银行已成为整个国民经济活动的中枢（2）我国的商业银行的业务活动对全社会的货币供给具有重要影响（3）商业银行已经成为社会经济活动的信息中心（4）商业银行已经成为国家实施宏观经济政策的重要途径和基础（5）商业银行成了社会资本运动的中心制度特征：建立商业银行原则，有利于银行竞争，有利于保护银行体系安全与稳定，使银行保持适当规模。

《商业银行管理学》课后习题及题解第一章商业银行管理学导论习题一、判断题1. 《金融服务现代化法案》的核心内容之一就是废除《格拉斯－斯蒂格尔法》。

2. 政府放松金融管制与加强金融监管是相互矛盾的。

3. 商业银行管理的最终目标是追求利润最大化。

4. 在金融市场上，商业银行等金融中介起着类似于中介经纪人的角色。

5. 商业银行具有明显的企业性质，所以常用于企业管理的最优化原理如边际分享原理、投入要素最优组合原理、规模经济原理也适用于商业银行。

6. 金融市场的交易成本和信息不对称决定了商业银行在金融市场中的主体地位。

7. 企业价值最大化是商业银行管理的基本目标。

8. 商业银行管理学研究的主要对象是围绕稀缺资源信用资金的优化配置所展开的各种业务及相关的组织管理问题。

9. 商业银行资金的安全性指的是银行投入的信用资金在不受损失的情况下能如期收回。

二、简答题1. 试述商业银行的性质与功能。

2. 如何理解商业银行管理的目标？3. 现代商业银行经营的特点有哪些？4. 商业银行管理学的研究对象和内容是什么？5. 如何看待“三性”平衡之间的关系？三、论述题1. 论述商业银行的三性目标是什么，如何处理三者之间的关系。

2. 试结合我国实际论述商业银行在金融体系中的作用。

第一章习题参考答案一、判断题1.√2.×3.×4.√5.×6.√7.×8.√9.√二、略；三、略。

第二章商业银行资本金管理习题一、判断题1. 新巴塞尔资本协议规定，商业银行的核心资本充足率仍为4％。

2. 巴塞尔协议规定，银行附属资本的合计金额不得超过其核心资本的50%。

3. 新巴塞尔资本协议对银行信用风险提供了两种方法：标准法和内部模型法。

4. 资本充足率反映了商业银行抵御风险的能力。

5. 我国国有商业银行目前只能通过财政增资的方式增加资本金。

6. 商业银行计算信用风险加权资产的标准法中的风险权重由监管机关规定。

二、单选题1. 我国《商业银行资本充足率管理办法》规定，计入附属资本的长期次级债务不得超过核心资本的。

CHAPTER 6MEASURING AND EVALUATING THE PERFORMANCE OF BANKS AND THEIRPRINCIPAL COMPETITORSGoal of This Chapter: The purpose of this chapter is to discover what analytical tools can be applied to a bank’s financial statements so that management and the public can identify the most critical problems inside each bank and develop ways to deal with those problemsKey Topics in This Chapter∙Stock Values and Profitability Ratios∙Measuring Credit, Liquidity, and Other Risks∙Measuring Operating Efficiency∙Performance of Competing Financial Firms∙Size and Location Effects∙The UBPR and Comparing PerformanceChapter OutlineI.Introduction:II.Evaluating a Bank's PerformanceA.Determining Long-Range ObjectivesB.Maximizing The Value of the Firm: A Key Objective for Nearly All Financial-Service InstitutionsC.Profitability Ratios: A Surrogate for Stock Values1.Key Profitability Ratios2.Interpreting Profitability Ratioseful Profitability Formulas for Banks and Other Financial Service CompaniesE.Breaking Down Equity Returns for Closer AnalysisF.Break-Down Analysis of the Return on AssetsG.What a Breakdown of Profitability Measures Can Tell UsH.Measuring Risk in Banking and Financial Services1.Credit Risk2.Liquidity Risk3.Market Risk4.Interest-Rate Risk5.Operational Risk6.Legal and Compliance Risk7.Reputation Risk8.Strategic Risk9.Capital RiskI.Other Goals in Banking and Financial Services ManagementIII.Performance Indicators among Banking’s Key CompetitorsIV.The Impact of Size on PerformanceA.Size, Location and Regulatory Bias in Analyzing The Performance of Banks andCompeting Financial Institutionsing Financial Ratios and Other Analytical Tools to Track Bank Performance--The UBPR.V.Summary of the ChapterAppendix to the Chapter - Improving the Performance of Financial Firms Through Knowledge: Sources of Information on the Financial-Services IndustryConcept Checks6-1.Why should banks and other corporate financial firms be concerned about their level of profitability and exposure to risk?Banks in the U.S. and most other countries are private businesses that must attract capital from the public to fund their operations. If profits are inadequate or if risk is excessive, they will have greater difficulty in obtaining capital and their funding costs will grow, eroding profitability. Bank stockholders, depositors, and bank examiners representing the regulatory community are all interested in the quality of bank performance. The stockholders are primarily concerned with profitability as a key factor in determining their total return from holding bank stock, while depositors (especially large corporate depositors) and examiners typically focus on bank risk exposure.6-2.What individuals or groups are likely to be interested in these dimensions of performance for a bank or other financial institution?The individuals or groups likely to be interested in bank profitability and risk include other banks lending to a particular bank, borrowers, large depositors, holders of long-term debt capital issued by banks, bank stockholders, and the regulatory community.6-3.What factors influence the stock price of a financial-services corporation?A bank's stock price is affected by all those factors affecting its profitability and risk exposure, particularly its rate of return on equity capital and risk to shareholder earnings. A bank can raise its stock price by creating an expectation in the minds of investors of greater earnings in the future, by lowering the bank's perceived risk exposure, or by a combination of increases in expected earnings and reduced risk.6-4.Suppose that a bank is expected to pay an annual dividend of $4 per share on its stock in the current period and dividends are expected to grow 5 percent a year every year, and the minimum required return to equity capital based on the bank's perceived level of risk is 10 percent. Can you estimate the current value of the bank's stock?In this constant dividend growth rate problem the current value of the bank's stock would be:P o = D1 / (k – g) = $4 / (0.10 – 0.05) = $80.6-5.What is return on equity capital and what aspect of performance is it supposed to measure? Can you see how this performance measure might be useful to the managers of financial firms?Return on equity capital is the ratio of Net Income/Total Equity Capital. It represents the rate of return earned on the funds invested in the bank by its stockholders. Financial firms have stockholders, too who are interested in the return on the funds that they invested.6-6 Suppose a bank reports that its net income for the current year is $51 million, its assets totally $1,144 million, and its liabilities amount to $926 million. What is its return on equity capital? Is the ROE you have calculated good or bad? What information do you need to answer this last question?The bank's return on equity capital should be:ROE =Net Income =$51 million= .098 or 9.8 percentEquity Capital$1,444 mill.-$926 mill.In order to evaluate the performance of the bank, you have to compare the ROE to the ROE of some major competitors or some industry average.6-7What is the return on assets (ROA), and why is it important? Might the ROA measure be important to banking’s key competitors?Return on assets is the ratio of Net Income/Total Assets. The rate of return secured on a bank's total assets indicates the efficiency of its management in generating net income from all of the resources (assets) committed to the institution. This would be important to banks and their major competitors.6-8. A bank estimates that its total revenues will amount to $155 million and its total expenses (including taxes) will equal $107 million this year. Its liabilities total $4,960 million while its equity capital amounts to $52 million. What is the bank's return on assets? Is this ROA high or low? How could you find out?The bank's return on assets would be:ROA =Net Income=$155 mill. - $107 mill.= 0.0096 or 0.96 percent Total Assets$4,960 mill. + $52 mill.The size of this bank's ROA should be compared with the ROA's of other banks similar in size and location to determine if this bank's ROA is high or low relative to the average for comparable banks.6-9.Why do the managers of financial firms often pay close attention today to the net interest margin and noninterest margin? To the earnings spread?The net interest margin (NIM) indicates how successful the bank has been in borrowing funds from the cheapest sources and in maintaining an adequate spread between its returns on loans and security investments and the cost of its borrowed funds. If the NIM rises, loan and security income must be rising or the average cost of funds must be falling or both. A declining NIM is undesirable because the bank's interest spread is being squeezed, usually because of rising interest costs on deposits and other borrowings and because of increased competition today.In contrast, the noninterest margin reflects the banks spread between its noninterest income (such as service fees on deposits) and its noninterest expenses (especially salaries and wages and overhead expenses). For most banks the noninterest margin is negative. Management will usually attempt to expand fee income, while controlling closely the growth of noninterest expenses in order to make a negative noninterest margin less negative.The earnings spread measures the effectiveness of the bank's intermediation function of borrowing and lending money, which, of course, is the bank's primary way of generating earnings. As competition increases, the spread between the average yields on assets and the average cost of liabilities will be squeezed, forcing the bank's management to search for alternative sources of income, such as fees from various services the bank offers.6-10. Suppose a banker tells you that his bank in the year just completed had total interest expenses on all borrowings of $12 million and noninterest expense of $5 million, while interest income from earning assets totaled $16 million and noninterest revenues added to a total of $2 million. Suppose further that assets amounted to $480 million of which earning assets represented 85 percent of total assets, while total interest-bearing liabilities amounted to 75 percent of total assets. See if you can determine this bank's net interest and noninterest margins and its earnings base and earnings spread for the most recent year.The bank's net interest and noninterest margins must be:Net Interest =$16 mill. - $12 mill.Noninterest=$2 mill. - $5 mill.Margin$480 mill.Margin$480 mill.=.00833= -.00625The bank's earnings spread and earnings base are:Earnings=$16 mill.-$12 mill.Spread$480 mill * 0.85$480 mill. * 0.75= .0392=.0333Earnings Base=$480 mill. - $480 mill. * 0.15=0.85 or 85 percent$480 mill.6-11. What are the principal components of ROE and what do each of these components measure?The principal components of ROE are:a.The net profit margin or net after-tax income to operating revenues which reflects the effectiveness of a bank's expense control program;b.The degree of asset utilization or ratio of operating revenues to total assets which measures the effectiveness of managing the bank's assets, especially the loan portfolio; and,c.The equity multiplier or ratio of total assets to total equity capital which measures a bank's use of leverage in funding its operations.6-12.Suppose a bank has an ROA of 0.80 percent and an equity multiplier of 12x. What is its ROE? Suppose this bank's ROA falls to 0.60 percent. What size equity multiplier must it have to hold its ROE unchanged?The bank's ROE is:ROE = 0.80 percent *12 = 9.60 percent.If ROA falls to 0.60 percent, the bank's ROE and equity multiplier can be determined from: ROE = 9.60% = 0.60 percent * Equity MultiplierEquity Multiplier = 9.60 percent = 16x.0.60 percent6-13.Suppose a bank reports net income of $12, before-tax net income of $15, operating revenues of $100, assets of $600, and $50 in equity capital. What is the bank's ROE? Tax-management efficiency indicator? Expense control efficiency indicator? Asset management efficiency indicator? Funds management efficiency indicator?The bank's ROE must be:ROE = = 0.24 or 24 percent 50$12$Its tax-management, expense control, asset management, and funds management efficiency indicators are:Tax Management =$12Expense Control =$15Efficiency indicator$15Efficiency Indicator $100= .8 or 80 percent =.15 or 15 percent Asset Management=$100Funds Management =$600Efficiency Indicator $600Efficiency Indicator $50= 0.1666 or 16.67 percent = 12 x 6-14.What are the most important components of ROA and what aspects of a financial institution’s performance do they reflect?The principal components of ROA are:a. Total Interest Income Less Total Interest Expense divided by Total Assets, measuring a bank's success at intermediating funds between borrowers and lenders;b. Provision for Loan Losses divided by Total Assets which measures management's ability to control loan losses and manage a bank's tax exposure;c. Noninterest Income less Noninterest Expenses divided by Total Assets, which indicates the ability of management to control salaries and wages and other noninterest costs and generate tee income;d. Net Income Before Taxes divided by Total Assets, which measures operating efficiency and expense control; ande. Applicable Taxes divided by Total Assets, which is an index of tax management effectiveness.6-15.If a bank has a net interest margin of 2.50%, a noninterest margin of -1.85%, and a ratio of provision for loan losses, taxes, security gains, and extraordinary items of -0.47%, what is its ROA?The bank's ROA must be:ROA = 2.50 percent - 1.85 percent - 0.47 percent = 0.18 percent6-16.To what different kinds of risk are banks and their financial-service competitors subjected today?a. Credit Risk -- the probability that loans and securities the bank holds will not pay out as promised.b. Liquidity Risk -- the probability the bank will not have sufficient cash on hand in the volume needed precisely when cash demands arise.c. Market Risk -- the probability that the value of assets held by the bank will decline due to falling market prices.d. Interest-Rate Risk - the possibility or probability interest rates will change, subjecting the bank to lower profits or a lower value for the firm’s capital.e. Operational Risk – the uncertainly regarding a financial firm’s earnings due to failures in computer systems, employee misconduct, floods, lightening strikes and other similar events.f. Legal and Compliance Risk – the uncertainty regarding a financial firm’s earnings due to actions taken by our legal system or due to a violation of rules and regulationsg. Reputation Risk – the uncertainty due to public opinion or the variability in earnings due to positive or negative publicity about the financial firmh. Strategic Risk – the uncertainty in earnings due to adverse business decisions, lack or responsiveness to changes and other poor decisions by managementi. Capital Risk – the risk that the value of the assets will decline below the value of the liabilities. All of the other risks listed above can affect earnings and the value of the assets and liabilities and therefore can have an effect on the capital position of the firm.6-17.What items on a bank's balance sheet and income statement can be used to measure its risk exposure? To what other financial institutions do these risk measures apply?There are several alternative measures of risk in banking and financial service firms. Capital risk is often measured by bank capital ratios, such as the ratio of total capital to total assets or total capital to risk assets. Credit risk can be tracked by such ratios as net loan losses to total loans or relative to total capital. Liquidity risk can be followed by using such ratios as cash assets to total assets or by total loans to total assets. Interest-rate risk may be indicated by such ratios as interest-sensitive liabilities to interest-sensitive assets or the ratio of money-market borrowings to money-market assets.6-18. A bank reports that the total amount of its net loans and leases outstanding is $936 million, its assets total $1,324 million, its equity capital amounts to $110 million, and it holds $1,150 million in deposits, all expressed in book value. The estimated market values of the bank's total assets and equity capital are $1,443 million and $130 million, respectively. The bank's stock is currently valued at $60 per share with annual per-share earnings of $2.50. Uninsured deposits amount to $243 million and money market borrowings total $132 million, while nonperforming loans currently amount to $43 million and the bank just charged off $21 million in loans. Calculate as many of the bank's risk measures as you can from the foregoing data.Net Loans and Leases=$936 mill.Uninsured Deposits $243 mill.Total Assets $1,324 mill.Total Deposits $1,150 mill.0.7069 or 70.69 percent 0.2113 or 21.13 percent Equity Capital=$130 mill.Stock Price $60Total Assets $1,443 mill.Earnings Per Share$2.50= 0.0901 or 9.01 percent = 24 XNonperforming Assets =$43 mill.=0.0459 or 4.59 percentNet Loans and Leases $936 mill.Charge-offs of loans =$21Purchased Funds =$243 mill. + $132 mill.Total Loans and Leases$936Total Liabilities $1,324 mill. - $110 mill.=.0224 or 2.24 percent .3089 or 30.89 percent Book Value of Assets =$1324=0.9175 or 91.75 percentMarket Value of Assets $1443Problems6-1.An investor holds the stock of First National Bank of Imoh and expects to receive a dividend of $12 per share at the end of the year. Stock analysts have recently predicted that the bank’s dividends will grow at approximately 3 percent a year indefinitely into the future. If this is true, and if the appropriate risk-adjusted cost of capital (discount rate) for the bank is 15 percent, what should be the current stock price per share of Imoh’s stock?10D $12P $100r-g .15.03===-6-2.Suppose that stockbrokers have projected that Poquoson Bank and Trust Company will pay a dividend of $3 per share on its common stock at the end of the year; a dividend of $4.50 per share is expected for the next year and $6 per share in the following year. The risk-adjusted cost of capital for banks in Poquoson’s risk class is 17 percent. If an investor holdingPoquoson’s stock plans to hold that stock for only three years and hopes to sell it at a price of $55 per share, what should the value of the bank’s stock be in today’s market? 0233$3.00$4.50$6.00$55P $43.94(1.17)(1.17)(1.17)(1.17)=+++=++++P 0 = $43.94 per share.6-3Depositors Savings Association has a ratio of equity capital to total assets of 7.5 percent. In contrast, Newton Savings reports an equity capital to asset ratio of 6 percent. What is the value of the equity multiplier for each of these institutions? Suppose that both institutions have an ROA of 0.85 percent. What must each institution’s return on equity capital be? What do your calculations tell you about the benefits of having as little equity capital as regulations or the marketplace will allow?Depositors Savings Association has an equity-to-asset ratio of 7.5 percent which means its equity multiplier must be:1/ (Equity Capital / Assets) = Assets EquityCapital= 1 / 0.075 = 13.33x In contrast, Newton Savings has an equity multiplier of:1/ (Equity Capital / Assets) = 10.06= 16.67x With an ROA of 0.85 percent Depositors Savings Association would have an ROE of:ROE = 0.85 x 13.33x = 11.33 percent.With an ROA of .85 percent Newton Savings would have an ROE of:ROE = 0.85 x 16.67x = 14.17 percentIn this case Newton Savings is making greater use of financial leverage and is generating a higher return on equity capital.6-4.The latest report of condition and income and expense statement for Galloping Merchants National Bank are as shown in the following tables:Galloping Merchants National BankInterest Fees on Loans$65Interest Dividends on Securities12Total Interest Income77Interest Paid on Deposits49Interest on Nondeposit Borrowings6Total Interest Expense55Net Interest Income22Provision for Loan Losses2Noninterest Income and Fees7Noninterest Expenses:Salaries and Employee Benefits12Overhead Expenses5Other Noninterest Expenses 3Total Noninterest Expenses20Net Noninterest Income-13Pre Tax Operating Income7Securities Gains (or Losses)1Pre Tax Net Operating Income 8Taxes1Net Operating Income7Net Extraordinary Income-1Net Income$6FTE 40Galloping Merchants National BankReport of ConditionCash and Due From Banks$100 Demand Deposits$190Investment Securities$150 Savings Deposts$180Federal Funds Sold$10 Time Deposits$470Net Loans$670 Federal Funds Purch$69(ALL 25) Total Liabilities$900(Unearned Income 5)Common Stock$20Plant and Equipment$50 Surplus$25Retained Earnings$35Total Assets$980 Total Ca$80Total Earnings Assets$830 Interest BearingDeposits$650Fill in the missing items on the income and expense statement. Using these statements, calculate the following performance measures:Net Income $6ROE =.075 or 7.5%Total Equity Capital $80==Net Income $6ROA =.00612 or .612%Total Assets $980==Net Interest Income $22Net Interest Margin =.0224 or 2.24%Total Assets $980==-$13Net Noninterest Margin =.0133 or -1.33 percent $980=-Total Operating Revenues - Total Operating Expenses $84$77Net Operating Margin =.00714 or .714%Total Assets $980-==Total Interest Income Total Interest Expenses $77$55Earnings Spread =.01531 or 1.53 %Total Earnings Assets Total Interest Bearing Liabilities $830$710-=-=Net Income $6Net Profit Margin =.0714 or 7.14 percentTotal Operating Revenues $84==Total Operating Revenues $84Asset Utilization =.0857 or 8.57%Total Assets $980==Total Assets $980Equity Multiplier =12.25Total Equity Capital $80x==85.7%or 857.7$6$Income Operating Net Tax Pre Income Net Efficiency Management Tax ===8.33%or 0833.84$7$Revenue Operating Total Income Operating Net Tax Pre Efficiency Control Expense ===Total Operating Revenues $84Asset Management Efficiency Ratio =.0857 or 8.57%Total Assets $980==Total Assets $980Funds Management Efficiency Ratio =12.25Total Equity Capital $80x==91.76%or 9176.gains)securities (including 85$ taxes)(including 78$Revenues Operating Total Expenses Operating Total Ratio Efficiency Operating ===6-5. The following information is for Shallow National BankInterest Income $2,100 Interest Expense $1,400 Total Assets$30,000Securities Gains (losses)$21 Earning Assets $25,000 Total Liabilities $27,000Taxes Paid$16 Shares of Common Stock5,000 Noninterest income $700 Noninterest Expense $900 Provision for Loan Losses$100ROE =$405ROA =$405$30,000 - $27,000$30,0000.135 or 13.5 percent 0.0135 or 1.35 percentEarnings =$405= $.081 per sharePer Share 5000Net Interest =$2100 - $1400=$700= 0.028 or 2.8 percent Margin$25,000$25,000Net Noninterest =$700 - $900=-$200= 0.008or .8 percentMargin $25,000$25,000Net Operating =($2100 + $700) – ($1,400 + $900 + $100)=$400=0.0133 or 1.33 percentMargin$30,000$30,000Suppose interest income, interest expenses, noninterest income, and noninterest expenses each increase by 5 percent, with all other items remaining unchanged.Interest Income$2,205Interest Expense$1,470Total Assets$30,000Securities Gains (losses)$21Earning Assets$25,000Total Liabilities$27,000Taxes Paid$16Shares of CommonStock5,000Noninterest income$735Noninterest Expense$945Provision for LoanLosses$100ROE =$430ROA=$430$30,000 - $27,000$30,0000.1433 or 14.33 percent0.0143 or 1.43 percentEarnings=$430= $.086 per sharePer Share5000Net Interest =$2205 - $1470=$735= 0.0294 or 2.94 percentMargin$25,000$25,000Net Noninterest =$735 - $945=-$210= 0.0084 or .84 percentMargin$25,000$25,000Net Operating =($2205 + $735) – ($1,470 + $945 + $100)=$425=0.0142 or 1.42 percent Margin$30,000$30,000On the other hand, suppose Shallow’s interest income, interest expenses, noninterest income,and noninterest expenses decline by 5 percent, again with all other factors held equal. Howwould the bank’s ROE, ROA and per share earnings change?Interest Income$1995Interest Expense$1,330Total Assets$30,000Securities Gains (losses)$21Earning Assets$25,000Total Liabnilities$27,000Taxes Paid$16Shares of CommonStock5,000Noninterest income$665Noninterest Expense$855Provision for LoanLosses$100ROE =$380ROA=$380$30,000 - $27,000$30,0000.1267 or 12.67 percent0.0127 or 1.27 percentEarnings=$380= $.076 per sharePer Share5000Net Interest =$1995 - $1330=$665= 0.0266 or 2.66 percentMargin$25,000$25,000Net Noninterest =$665 - $855=-$190= 0.0076 or .76 percentMargin$25,000$25,000Net Operating =($1995 + $665) – ($1,330 + $855 + $100)=$375=0.0125 or 1.25 percent Margin$30,000$30,0006-6. Blue and White National Bank holds total assets of $1.69 billion and equity capital of $139 million and has just posted an ROA of 1.1 percent. What is this bank’s ROE?:ROE = ROA * Total AssetsEquity Capital = 0.011 * $1,690$139= 0.1337 or 13.37%R0A increases by 50%, with no change in assets or equity capital.Therefore, the new ROA = 0.011 * 1.5 = 0.0165 or 1.65%.New ROE = 1.65% * 12.16 = 20.06%This represents a 50% increase in ROE. With no changes in assets or equity, the investors' funds are more effectively utilized, generating additional income and making the bank more profitable. Alternative Scenario 2:ROA decreases by 50%, with no change in equity or assets.Therefore, the new ROA = 0.011 * 0.5 = 0.0055 or 0.55%.New ROE = 0.55% * 12.16 = 6.69%This represents a 50% decrease in ROE. The bank's management has been less efficient, in this case, in managing their lending and/or investing functions or their operating costs.Alternative Scenario 3:ROA = 0.011 or 1.1% (as in the original problem)Total assets double in size to $3.38 billion and equity capital doubles in size to $278 million. Therefore, the equity multiplier (i.e. total assets/equity capital) remains the same (E.M. =$3,380/$278 = 12.16). As a result, there is no change in ROE from the original situation (i.e.), 1.1% * 12.16 = 13.38%).Alternative Scenario 4:This, of course, is just the reverse of scenario 3. Since the changes in both assets and equity capital are the same, the ratio of the two (i.e., the equity multiplier) remains constant. As a result, there is again no change in ROE.E.M. = Total Assets/Equity Capital = $845/$69.5 = 12.16.Therefore, ROE = 1.1% * 12.16 = 13.38%.6-7. Monarch State Bank reports total operating revenues of $135 million, with total operating expenses of $121 million, and owes taxes of $2 million. It has total assets of $1.00 billion and total liabilities of $900 million and has just posed an ROA of 1.1o percent. What is the bank’s ROE?Net Income after Taxes = $135 million -$121 million -$2 million = $12 millionEquity Capital = $1.00 billion - $900 million = $100 millionROE = Net Income after Taxes= $12 million / $100 million = 0.12 or 12%.Equity CapitalAlternative Scenario 1: How will the ROE for Monarch State Bank change if total operating expenses, taxes and total operating revenues each grow by 10 percent while assets and liabilitiesstay fixed.Total revenues = $135 million * 1.10 = $148.5 millionTotal expenses = $121 million * 1.10 = $133.1 millionTax liability = $2 million * 1.10 = $2.2 millionNet Income after Taxes = $148.5 - $133.1 - $2.2 = $13.2 millionROE = $13.2 million/$100 million = 0.132 or 13.2%Change in ROE = (13.2%-12%)/12% = 10%Alternative Scenario 2: Suppose Monarch State’s total assets and total liabilities increase by 10 percent, but its revenues and expenses (including taxes) are unchanged. How will the bank’sROE change?Total assets increase by 10% (Total assets = $ 1.0 * 1.10 = $1.1 billion)Total liabilities increase by 10% (Total liabilities = $900 million * 1.10 = $990Revenues and expenses (including taxes) remain unchanged.Solution: Equity Capital = $1.1 billion - $990 million = $110 millionROE =$12=.1091$11010.91 percentTherefore change in ROE =10.91% - 12%=-1.09%= -.0908%12%12%(ROE decreases by 9.08%)Alternative Scenario 3: Can you determine what will happen to ROE if both operating revenuesand expenses (including taxes) decline by 10 percent, with the bank’s total assets and liabilitiesheld constant?Total revenues decline by 10% (Total revenues = $135 million * 0.90 = $121.5 million)Total expenses decline by 10% (Total expenses = $121 million * 0.9 = $108.9 million)Tax liability declines by 10% (Tax liability = $2 * 0.9 = $1.8 million)Assets and liabilities remain unchanged (Therefore, equity remains unchanged)。

第一章商业银行：商业银行是以追求利润最大化为目标，以多种金融欠债筹集资本，以多种金融财富为其经营对象，能利用欠债进行信用创建，并向客户供应多功能、综合性服务的金融公司。

信用中介：是指商业银行经过欠债业务，把社会上各样闲散钱币资本集中到银行，经过财富业务，把它投向需要资本的各部门，充任有闲置资本者和资本欠缺者之间的中介人，实现资本的融通。

作用：使闲散的钱币转变为资本、使闲置资本获取充分利用、续短为长，知足这会对长久资本的需要。

支付中介：是指商业银行利用活期存款账户，为客户办理各样钱币结算、钱币收付、钱币兑换和转移存款等业务活动。

CAMELS：美国联邦贮备委员会对商业银行看管的分类检查制度，这种分类检查制度的主要内容是把商业银行接受检查的范围分为六大类：资本（ capital）、财富（ asset ）、管理（ management）、利润（ earning ）、流动性（ liquidity）和对市场风险的敏感性（ sensitivity）。

分行制：分行制银行是指那些在总行之下，可在当地或外处设有若干分支机构，并能够从事银行业务的商业银行。

这种商业银行的总部一般都设在多半市，部下所有分支行须由总行领导指挥。

长处：第一，有益于银行汲取存款，有益于银行扩大资本总数和经营规模，能获得规模经济效益。

第二，便于银履行用现代化管理手段和设施，提升服务质量，加快资本周转速度。

第三有益于银行调理资本、转移信用、分别和减少多种风险。

第四，总专家数少，有益于国家控制和管理，其业务经营受地方政府干涉小。

第五，因为资本根源宽泛，有益于提升银行的竞争实力。

弊端：简单加快垄断的形成；并且因为其规模大，内部层次许多，使银行管理的难度增添等。

流动性：指财富变现的能力，商业银行保持随时能以适合的价钱去的可用资本的能力，以便随时对付客户提存以及银行其余支付的需要。

其权衡指标有两个：一是财富变现的成本，二是财富变现的速度。

4.成立商业银行制度的基根源则有哪些？为何要确定这些原则？答：（一）有益于银行业竞争。

商业银行经营管理_首都经济贸易大学中国大学mooc课后章节答案期末考试题库2023年1.商业银行与一般的工商企业一样,它的经营目标也是追求利润的最大化。

参考答案:正确2.商业银行在经营中应坚持安全性、流动性、盈利性原则参考答案:正确3.我国原银监会于2010年探索创立了“骆驼”（CAMELS）评级体系，这是银监会借鉴国际先进理念，吸收“巴塞尔协议Ⅱ”和“巴塞尔协议Ⅲ”的最新成果，以四大新监管工具【即资本充足率、拨备率、杠杆率、流动性比率】为基础，结合我国大型银行特点，在实践中摸索和总结出来的、相对完善的监管指标体系。

参考答案:错误4.工行曾与阿里集团联袂推出了首张电子商务联名卡——牡丹QQ联名卡参考答案:错误5.银行保持流动性必须依靠建立多层次的储备资产参考答案:错误6.1897年（）的成立，标志着中国现代银行的产生。

参考答案:中国通商银行7.不属于商业银行职能的是（）参考答案:流通手段8.英格兰银行建立于（）年参考答案:16949.下列不属于互联网金融形式的是（）参考答案:信用卡透支10.商业银行建立初期，资产的（）性成为早期商业银行资产管理理论重点关注的对象。

参考答案:流动性11.从我国商业银行的负债结构来看，借入负债成为越来越重要的资金来源渠道。

参考答案:正确12.商业银行向中央银行融通资金的渠道包括（）参考答案:再贷款13.我国商业银行可发行的债券不包括 ( )。

参考答案:政策性金融债券14.向央行借款在负债结构中比例( )。

参考答案:呈收窄趋势15.下面不在借入负债范围内的是 ( )。

参考答案:大额可转让定期存单16.目前我国商业银行存款的定价是( )。

参考答案:由商业银行自行决定17.传统的存款业务包括（）参考答案:其他三种都是18.我国的高储蓄率有东方传统文化因素的影响。

参考答案:正确19.银行新型同业业务以监管套利为目的。

参考答案:正确20.以下不属于托管业务收入来源的是（）。

参考答案:管理费21.中国现代化支付结算系统由（）负责运行维护。

《商业银行管理学》课后习题及题解欧阳家百（2021.03.07）第一章商业银行管理学导论习题一、判断题1. 《金融服务现代化法案》的核心内容之一就是废除《格拉斯－斯蒂格尔法》。

2. 政府放松金融管制与加强金融监管是相互矛盾的。

3. 商业银行管理的最终目标是追求利润最大化。

4. 在金融市场上，商业银行等金融中介起着类似于中介经纪人的角色。

5. 商业银行具有明显的企业性质，所以常用于企业管理的最优化原理如边际分享原理、投入要素最优组合原理、规模经济原理也适用于商业银行。

6. 金融市场的交易成本和信息不对称决定了商业银行在金融市场中的主体地位。

7. 企业价值最大化是商业银行管理的基本目标。

8. 商业银行管理学研究的主要对象是围绕稀缺资源信用资金的优化配置所展开的各种业务及相关的组织管理问题。

9. 商业银行资金的安全性指的是银行投入的信用资金在不受损失的情况下能如期收回。

二、简答题1. 试述商业银行的性质与功能。

2. 如何理解商业银行管理的目标？3. 现代商业银行经营的特点有哪些？4. 商业银行管理学的研究对象和内容是什么？5. 如何看待“三性”平衡之间的关系？三、论述题1. 论述商业银行的三性目标是什么，如何处理三者之间的关系。

2. 试结合我国实际论述商业银行在金融体系中的作用。

第一章习题参考答案一、判断题1.√2.×3.×4.√5.×6.√7.×8.√9.√二、略；三、略。

第二章商业银行资本金管理习题一、判断题1. 新巴塞尔资本协议规定，商业银行的核心资本充足率仍为4％。

2. 巴塞尔协议规定，银行附属资本的合计金额不得超过其核心资本的50%。

3. 新巴塞尔资本协议对银行信用风险提供了两种方法：标准法和内部模型法。

4. 资本充足率反映了商业银行抵御风险的能力。

5. 我国国有商业银行目前只能通过财政增资的方式增加资本金。

6. 商业银行计算信用风险加权资产的标准法中的风险权重由监管机关规定。