Prepared discussant comments

Banks and banking ; Bank capital ; Bank supervision ; Deposit insurance

The new system of contemporaneous reserve requirements

Bank reserves ; Monetary policy

Coping with bank failures: some lessons from the United States and the United Kingdom

Bank failures ; Great Britain ; Banks and banking - History

The financial condition of U.S. banks: how different are community banks?

This article examines the condition of the banking industry in the United States, with an emphasis on community banks. In spite of the recent recession, the condition of the banking industry is substantially better than during the recession of 1990-91. There has been an increase in problem loans at both large and small banks during recent quarters, and nonperforming loans have risen relative to the allowance for loan and lease losses. Among the banks in each of the size groups in this article, however, ratios of equity to total assets in recent quarters are at about their highest levels since the early 1990s. Output of an early warning model of bank distress, which converts individual measures of bank condition into an index number, indicates a substantial improvement in the condition of community banks and larger banks after the early 1990s. While the median probability of failure has been higher for community banks than for larger banks during recent quarters, the difference is very small. Trends in the ratings that supervisors have assigned to the banks examined during recent quarters are not consistent with the view that examiners have been detecting a systematic deterioration in the condition of community banks.Banks and banking

Financial condition of community banks

This article examines the condition of the banking industry in the United States, with an emphasis on community banks. In spite of the recent recession, the condition of the banking industry is substantially better than during the recession of 1990-91. There has been an increase in problem loans at both large and small banks during recent quarters, and nonperforming loans have risen relative to the allowance for loan and lease losses. Among the banks in each of the size groups in this article, however, ratios of equity to total assets in recent quarters are at about their highest levels since the early 1990s. Output of an early warning model of bank distress, which converts individual measures of bank condition into an index number, indicates a substantial improvement in the condition of community banks and larger banks after the early 1990s. While the median probability of failure has been higher for community banks than for larger banks during recent quarters, the difference is very small. Trends in the ratings that supervisors have assigned to the banks examined during recent quarters are not consistent with the view that examiners have been detecting a systematic deterioration in the condition of community banks.Community banks ; Bank supervision

The new bank capital adequacy standards

Bank capital ; Banks and banking

Plasma As A High-charge-state Projectile Stripping Medium

The classical trajectory Monte Carlo model has been used to computationally study the charge-state distributions that result from interactions between a high-energy, multielectron projectile and neutral and fully ionized targets. These studies are designed to determine the properties of a plasma for producing highly stripped ions as a possible alternative to gas and foil strippers that are commonly used to enhance the charge states of energetic ion beams. The results of these studies clearly show that a low-atomic-number, highly ionized plasma can yield higher charge states than a neutral target of the same density. The effect is principally attributable to the reduction in the number of available electron-capture channels. In this article, we compare the charge-state distributions that result during passage of a 20-MeV Pb projectile through neutral gas and fully ionized (singly charged) plasma strippers and estimate the effects of multiple scattering on the quality of the beam. © 1992 The American Physical Society

A Mini-survey of X-ray Point Sources in Starburst and Non-Starburst Galaxies

We present a comparison of X-ray point source luminosity functions of 3 starburst galaxies (the Antennae, M82, and NGC 253) and 4 non-starburst spiral galaxies (NGC 3184, NGC 1291, M83, and IC 5332). We find that the luminosity functions of the starbursts are flatter than those of the spiral galaxies; the starbursts have relatively more sources at high luminosities. This trend extends to early-type galaxies which have steeper luminosity functions than spirals. We show that the luminosity function slope is correlated with 60 micron luminosity, a measure of star formation. We suggest that the difference in luminosity functions is related to the age of the X-ray binary populations and present a simple model which highlights how the shape of the luminosity distribution is affected by the age of the underlying X-ray binary population.Comment: 8 pages, 4 figures. accepted for publication in Ap

Simulations of atomic trajectories near a dielectric surface

We present a semiclassical model of an atom moving in the evanescent field of a microtoroidal resonator. Atoms falling through whispering-gallery modes can achieve strong, coherent coupling with the cavity at distances of approximately 100 nanometers from the surface; in this regime, surface-induced Casmir-Polder level shifts become significant for atomic motion and detection. Atomic transit events detected in recent experiments are analyzed with our simulation, which is extended to consider atom trapping in the evanescent field of a microtoroid.Comment: 29 pages, 10 figure

Solar variability indications from Nimbus 7 satellite data

The cavity pyrheliometer sensor of the Nimbus 7 Earth Radiation Experiment indicated low-level variability of the total solar irradiance. The variability appears to be inversely correlated with common solar activity indicators in an event sense. the limitations of the measuring system and available data sets are described