Academic journal article ABA Banking Journal

Mutuals Feel They Have Too Much Liquidity

Academic journal article ABA Banking Journal

Mutuals Feel They Have Too Much Liquidity

Article excerpt

Lack of liquidity has been a key regulatory focus coming out of the financial crisis, but it's not an issue in the eyes of a majority of mutual bankers surveyed by ABA.

Of the 186 respondents to ABA's annual Mutual Bank Survey, 57% said they had too much liquidity, while only 1% said they had too little.

In addition to liquidity, the survey asked mutual bankers to assess their capital needs, lust as in the previous year's survey, over a quarter of the respondents said they had concerns about having adequate capital in the next two years. Managing growth was seen as the best way to address this.

As of Sept. 30, 2010, there were 655 mutual, community-based institutions in the U.S., with combined assets of over $273 billion. These institutions see themselves as distinct from other banks and have a strong commitment to mutuality. Almost 90% say mutuality plays a part in their strategy. Specifically, 87% said they consider commitment to mutuality when adding new board and management resources. …

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