Financial Institutions, Markets, and Money, Eleventh Edition

Index

A

ABN AMRO, 456

Account maintenance fees, 617

Accredited investors, 591

Actual reserves, 78

Actuaries, 550

Add-on instruments, 207

Adjustable-rate mortgages (ARM), 272–276

bank failure and, 481

hybrid, 274

interest rate caps and, 274–275

prepayment penalties, 276

pricing risk transfers and, 275–276

rate adjustments and, 272, 274

Adjustable-rate preferred stocks, 305

Advances, 514

Adverse selection, 21, 22, 102, 105, 559

Advisory fees, mutual fund, 617

Affiliate banks, foreign, 455

After-tax yield comparisons, 253–254

Agency securities, 29

Aggressive growth funds, 611

Aggressive stocks, 324

Agreement corporations, 455

Agricultural loans, 420–421

Alcoa, 444

Allocative function, interest rates and, 116–117

All-risk coverage, 565–566

Ambac Financial Group, 261

American Bankers Association (ABA), 526

American Depository Receipts (ADRs), 315

American International Group (AIG), 60, 101, 366, 553, 647

American Stock Exchange, 314

American-style options, 355

Amortization

fixed-rate mortgages and, 271, 273

loan origination fees and, 297

Annuities, 561–562

Apple, 303–304, 309, 311

Appreciation, currency, 372

Arbitrage activities

hedge funds and, 628–629

index, 350

investment banks and, 594–595

Asset allocation funds, 613

Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), 234

Asset bubbles, 64, 104–105

Asset management

asset mix and, 640

bank loans and, 640

investments and, 595–596, 640

primary reserves and, 640

secondary reserves and, 640

Asset-backed ...