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Working Paper

Loan Sales: Pacific Rim Trade in Nontradable Assets

Foreign banks play a large role in the loan sales market. We examine this role using individual bank data on foreign-owned banks in the United States. We find that the motives for loan sales and purchases differ between U.S. and foreign-owned banks and between foreign banks of different regions. The evidence is consistent with foreign banks’ using the market for diversification.

Suggested Citation

Haubrich, Joseph G., and James B. Thomson. 1994. “Loan Sales: Pacific Rim Trade in Nontradable Assets.” Federal Reserve Bank of Cleveland, Working Paper No. 94-14.