<P><STRONG>Contents<BR><BR></STRONG>Financial Services at a Glance................................................................................. V<BR><B>Chapter 1: the Financial Services </B>Industry .............................................................. 1<BR>Overview ........................................................................................................................... 1<BR>Assets2<BR>Mergers ............................................................................................................................. 3<BR>Employment ..................................................................................................................... 5<BR>Gross Domestic Product ................................................................................................. 6<BR>Leading Companies ......................................................................................................... 9<BR><B>Chapter 2: Savings, Investment and debt </B>ownership .............................................. 11<BR>National Savings ............................................................................................................ 11<BR>Investments .................................................................................................................... 12<BR>Household Assets ........................................................................................................... 17<BR>Educational Plans and Loans ....................................................................................... 21<BR>Consumer and Business Debt ....................................................................................... 24<BR>Consumer Debt .............................................................................................................. 25<BR>Bankruptcy ..................................................................................................................... 30<BR>Consumer Fraud and Identity Theft ............................................................................ 31<BR><B>Chapter 3: asset Management/Retirement </B>Funds .................................................. 33<BR>Asset Management ......................................................................................................... 33<BR>Retirement Assets .......................................................................................................... 34<BR>Annuities ........................................................................................................................ 42<BR>Mutual Funds ................................................................................................................. 44<BR><B>Chapter 4: Convergence </B>....................................................................................... 45<BR>Financial Holding Companies ...................................................................................... 45<BR>Bank Holding Companies ............................................................................................. 46<BR>Banks .............................................................................................................................. 49<BR>Insurance Companies .................................................................................................... 58<BR><B>Chapter 5: Insurance </B>........................................................................................... 61<BR>Overview ......................................................................................................................... 61<BR>All Sectors ...................................................................................................................... 62<BR>Property/Casualty: Financial ......................................................................................... 69<BR>Property/Casualty: Premiums by Line.......................................................................... 73<BR>Property/Casualty: Specialty Lines ............................................................................... 76<BR>Property/Casualty: Reinsurance.................................................................................... 81<BR>Property/Casualty: Capital Markets .............................................................................. 82<BR>Life/Health: Financial .................................................................................................... 85<BR>Life/Health: Premiums by Line..................................................................................... 89<BR>Health Insurance ........................................................................................................... 91</P>
<P><STRONG>Chapter 6: Banking ............................................................................................. </STRONG>95<BR>Overview ......................................................................................................................... 95<BR>All Sectors ...................................................................................................................... 96<BR>Commercial Banks ...................................................................................................... 102<BR>Thrift Institutions ........................................................................................................ 110<BR>Remittances ................................................................................................................. 115<BR>Credit Unions ............................................................................................................... 116<BR>Industrial Banks .......................................................................................................... 120<BR><B>Chapter 7: Securities </B>........................................................................................ 121<BR>Overview ....................................................................................................................... 121<BR>Capital Markets ............................................................................................................ 129<BR>Asset-backed Securities ............................................................................................... 133<BR>Derivatives .................................................................................................................... 135<BR>Exchanges .................................................................................................................... 137<BR>Mutual Funds ............................................................................................................... 139<BR>Hedge Funds ................................................................................................................ 142<BR>Separately Managed Accounts .................................................................................... 142<BR><B>Chapter 8: Finance Companies </B>............................................................................ 143<BR>Overview ....................................................................................................................... 143<BR>Assets and Liabilities ................................................................................................... 145<BR>Profitability .................................................................................................................. 146<BR>Receivables ................................................................................................................... 147<BR>Concentration .............................................................................................................. 150<BR>Leading Companies ..................................................................................................... 151<BR><B>Chapter 9: Mortgage Finance and housing</B> .......................................................... 153<BR>Mortgages ..................................................................................................................... 153<BR>Home Ownership ......................................................................................................... 161<BR>Home Equity Loans ..................................................................................................... 165<BR>Leading Companies ..................................................................................................... 166<BR><B>Chapter 10: technology </B>..................................................................................... 167<BR>IT Spending .................................................................................................................. 167<BR>Electronic Commerce .................................................................................................. 169<BR>Electronic Payments .................................................................................................... 171<BR>ATMs ............................................................................................................................ 175<BR><B>Chapter 11: World Rankings </B>.............................................................................. 177<BR><B>Chapter 12: demographics </B>................................................................................. 183<BR>Geographic Mobility .................................................................................................... 183<BR>Income .......................................................................................................................... 187<BR>appendices ....................................................................................................... 189<BR>Summaries: Gramm-Leach-Bliley, Pension Plans, Insurance Accounting .............. 189<BR>Brief History ................................................................................................................ 191<BR>Financial Services Organizations ............................................................................... 195<BR>Company Index ............................................................................................................ 202<BR>Subject Index ............................................................................................................... 205<BR><BR></P><BR>