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Working Paper

Loan Sales: Pacific Rim Trade in Nontradable Assets

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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.
11.01.1994ISSN 2573-7953 WP 94-14DOI 10.26509/frbc-wp-199414

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

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. https://doi.org/10.26509/frbc-wp-199414