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Keywords:loan sales OR Loan sales 

Conference Paper
Off-balance sheet activities and the underinvestment problem in banking

Proceedings , Paper 200

Journal Article
Off-balance sheet banking

Economic Review , Issue Fall , Pages 21-36

Conference Paper
Banks and loan sales: evidence of implicit contracts

Proceedings

Working Paper
How Do Lead Banks Use Their Private Information about Loan Quality in the Syndicated Loan Market?

We formulate and test two opposing hypotheses about how lead banks in the syndicated loan market use private information about loan quality, the Signaling Hypothesis and Sophisticated Syndicate Hypothesis. We use Shared National Credit (SNC) internal loan ratings made comparable using concordance tables to measure private information. We find favorable private information is associated with higher lead bank loan retention and lower interest rate spreads for pure term loans, ceteris paribus, supporting the Signaling Hypothesis. Neither hypothesis dominates for pure revolvers. The data ...
Working Papers , Paper 16-16R2

Report
Economic conditions, lending opportunities, and loan sales

Research Paper , Paper 9403

Working Paper
An analysis of the use of loan sales and standby letters of credit by commercial banks

Working Papers in Applied Economic Theory , Paper 87-09

Report
The Myth of the Lead Arranger’s Share

We challenge theories that lead arrangers retain shares of syndicated loans to overcome information asymmetries. Lead arrangers frequently sell their entire loan stake—in over 50 percent of term and 70 percent of institutional loans. These selloffs usually occur days after origination, with lead arrangers retaining no other borrower exposure in 37 percent of selloff cases. Counter to theories, sold loans perform better than retained loans. Our results imply that information asymmetries could be lower than commonly assumed or mitigated by alternative mechanisms such as underwriting risk. We ...
Staff Reports , Paper 922

Conference Paper
Evidence on the relationship between regional economic conditions and loan sales activity

Proceedings , Paper 40

Journal Article
Off-balance sheet banking

FRBSF Economic Letter

Conference Paper
Why commercial banks sell loans: an empirical analysis

Proceedings , Paper 152

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