JVB-BSullivan-Econ-Comment-101909-R

Broker Dealer / Institutional / Advisor Use Only October 19, 2009 ABOUT Bank balance sheets continue to shrink BILL SULLIVAN A puzzling attribute to the current William V. Sullivan, Jr. accelerated dramatically since the second serves as Chief Economist financial environment, in our judgment, is quarter. Clearly, some share of these funds at JVB Financial Group, the continued shrinkage in bank balance has been employed to pay down previous working closely with the sheets. Indeed, the second half of the borrowings from the banking system, thus firm’s trading desk, calendar year has been characterized by a accounting for the recent weakness in C & I providing analysis and commentary on the U.S. sharp erosion in bank asset positions, loans. Nonetheless, the fact that the business economy and the financial especially for loan portfolios. The absence sector is not tapping their commercial bank markets. Among his duties of bank credit growth over recent months credit lines is a potential indication that are authoring a weekly appears attributable to several factors, some corporations remain very cautious about the report on credit market of which seem at odds with the prospects for trends and maintaining a overall economic outlook and are still regular schedule of a vigorous and sustained recovery in the U.S. reluctant to bolster working capital positions conference calls that focus economy. via external funding. on interest rate The slump in bank assets ...