Regional President Speech

MClrch 21, 19~0 W • ~, i •• " CONTEMPORARY PROBLEMS IN FINANCE TOPIC: U.S. BANKS WITHIN THE GLOBAL ECONOMY AREAS OF DISCUSSION WOULD INCLUDE: 1. CONDITION OF U.S. BANKS AND THEIR ABILITY TO COMPETE IN THE INTERNATIONAL ARENA A) PROFIT MARGINS B) LDC DEBT C) LBO FINANCING (JUNK BONDS) D) RISK BASED CAPITAL GUIDELINES 2. OUTLOOK FOR U.S. ECONOMY A) 8TH YEAR OF RECOVERY B) RECESSIONARY CONDITIONS IN AG, ENERGY AND NOW REAL ESTATE C) INFLATION NOW 4.5 to 5.0 PERCENT D) CONTINUED FEDERAL BUDGET DEFICITS OF $150 BILLION AND TRADE DEFICITS OF $130 to $140 BILLION E) REAL INTEREST RATES TO REMAIN HIGH BY HISTORICAL STANDARDS -2­ 3. u.s. MONETARY POLICY OBJECTIVES A) HOLD REAL BELOW THE MAXIMUM G~OWTH SUSTAINABLE NONINFLATIONARY GROWTH RATE TO REDUCE INFLATIONARY PRESSURE AND ACHIEVE PRICE STABILITY B) ACHIEVE STABILITY IN FOREIGN EXCHANGE MARKETS 4. OUTLOOK FOR INTERNATIONAL ECONOMY A) INTEGRATION OF EUROPEAN ECONOMY IE. EUROPE 1992 B) DEVELOPMENTS IN EASTERN EUROPE, RUSSIA, AND CHINA C) DEVELOPMENTS IN PACIFIC RIM COUNTRIES INCLUDING JAPAN AND THE NIC'S (NEWLY INDUSTRIAL COUNTRIES) 5. CONCLUSIONS: A) GIVEN THE PROSPECT FOR STABILITY AND CONTINUED GROWTH IN BOTH THE DOMESTIC AND INTERNATIONAL ECONOMIES, AND B) THE LEVEL PLAY FIELD CREATED BY RISK BASED CAPITAL GUIDELINES AND EXPANbED POWERS FOR U.S. BANKS C) U.S. BANKS SHOULD BE ABLE TO COMPETE FAVORABLY WITH INTERNATIONAL BANKS AROUND THE WORLD

J. Roger Guffey (1990, March 20). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19900321_j_roger_guffey

@misc{wtfs_regional_speeche_19900321_j_roger_guffey,
  author = {J. Roger Guffey},
  title = {Regional President Speech},
  year = {1990},
  month = {Mar},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19900321_j_roger_guffey},
  note = {Retrieved via When the Fed Speaks corpus}
}