The Sumitomo Bank of Japan in California

The Sumitomo Bank of California is a commercial bank and trust company. The bank is a member of the Federal Deposit Insurance Corporation.

The Sumitomo Bank of California is almost a whollyowned subsidiary of the Sumitomo Bank, Ltd. of Tokyo. Sumitomo Bank, Ltd. held 84.3 percent of the common shares of the Sumitomo Bank of California at the close of calendar year 1988. The remaining 15.7 percent are publicly traded in the OTC securities market.

Loan interest increased substantially in 1988, following a relatively stable performance for the preceding four years. In 1988, the increase in loan interest was the result of a significant increase in loan amount over 1987, as the loan rate remained relatively stable.

Security interest was relatively stable across the fiveyear period of analysis, with the exception of 1987, which was approximately 22 percent above the mean level for the remaining four years. The higher level in 1987 was the result of a large increase in security amount, while the security rate remained relatively stable.

Other interest remained relatively stable across the fiveyear period of analysis, with the exception of 1988, which was 30.4 percent higher than 1987. Th

. . .
f the Sumitomo Bank of California at the close of calendar year 1988.4 The __________ 1Standard & Poor's, "Sumitomo Bank of California," Stan dard Corporate Descriptions, 50 (June 1989): 4926. 2Ibid. 3Ibid. 4Ibid. 1 2 remaining 15.7 percent (931,687 shares) are publicly traded in the OTC (over the counter) securities market in the United States.5 FIVEYEAR PERFORMANCE ASSESSMENT A complete fiveyear assessment of the financial performance of the Sumitomo Bank of California is presented in Exhibit 1 of this research. The exhibit may be found beginning on page 6. Loan interest increased substantially in 1988, following a relatively stable performance for the preceding four years. In 1988, the increase in loan interest was the result in a significant increase in loan amount over 1987, as the loan rate remained relatively stable. The loan amount also increased substantially in both 1987 and 1986 over the preceding years; however, loan interest remained relatively stable in those two years because of significant declines in loan rates. Security interest was relatively stable across the fiveyear period of analysis, with the exception of 1987, which was approximately 22 percent above the mean level for the
. . .

Some common words found in the essay are:
Statement Decomposition, Bank California, California Exhibit, sumitomo bank, Sumitomo Bank, Corporate Descriptions, bank california, sumitomo bank california, Nassau Bahamas, Bank Ltd, relatively stable,  , fiveyear period, period analysis, fiveyear period analysis, California Japanese, remained relatively stable, remained relatively, change %,   , North American, PERFORMANCE ASSESSMENT, % , 1988 1987, stable fiveyear period,
Approximate Word count = 1943
Approximate Pages = 8 (250 words per page)

More Essays on The Sumitomo Bank of Japan in California