Council Member at Large
elected by CalCPA membership, with term beginning at the 2006 Annual Meeting for 2006-08:
Which is to say, to give The Devil at Large
its due, that it is not completely without merit, in its own weird way.
Hikes in service charges on deposits accounted for more than 70 percent of the change in noninterest income at large
banks excluding the ten largest.
For example, interest-earning assets expanded 7 1/4 percent at large
banks (those with at least $5 billion in assets) whose ratios of equity capital to assets were in the highest quartile, but such assets declined at a similar pace at large
banks in the lowest quartile.
Under the too-big-to-fail doctrine, uninsured deposits at large
banks typically have been protected in full--through purchase and assumption resolution methods--while those at smaller institutions generally face a greater risk of some loss.