Excerpt from The Changing Composition of Bank Assets<br/><br/>The Graduate School Of Business Administration of New York University has conducted a program Of research in major trends and problems Of commercial banking over the past five years. Studies of the adequacy of bank earnings, the competi tive position of commercial banks and the causes and effects of changing interest rates have been published under this program. In no respect have the dynamic economic developments of recent years affected commercial banking so profoundly as in the changes that have taken place-in the composition of bank assets. Serving as they do every sector of the economy, the commercial banks of necessity mirror in their assets the shifts that occur in the demands for credit.
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