GS Bank Loan Portfolio

New data is beginning to trickle in for June 30 2011. Why can't the economy just stay frozen in time? Lol.

Here's some interesting tidbits about GS Bank. It doesn't seem like much of a bank AT ALL. I would had thought that they would more akin to an actual depository institution. See for yourself.

Yep, GS Bank has less than 5% of total assets in its loan portfolio. They seem to be more like a hedge fund to me, taking depositors' money to trade with. But, hey, let's not kid ourselves, they have always been and probably always will be primarily a broker-dealer. Seems to me that they shouldn't be FDIC insured.

At least they do hold all the loans they do make instead of selling them off. Since GS Bank is essentially the "carryover" from GS' industrial loan bank, I thought that GS Bank would be more like a regular deposits and loans institution, assuming that the industrial bank which got converted into GS Bank was more like a deposits and loans institution. I will see what that industrial loan bank was like later in this post.

What I find strangest is that GS Bank has had no allowances for loan losses at all (in percentage of total assets-wise).

As for GS' industrial loan bank which had the last UBPR data upload as of 9/30/2008, it held double GS Bank's loan portfolio (again speaking from percentage of total assets perspective).

Now the question that arises in my mind is: Should I look into FDIC policies as why GS Bank would be given such leeway; or, should I shrug my shoulders and continue on with my GS-centric analysis? I think I should look into FDIC policies, because any sign of a turning of the tide from the FDIC will have a material effect on GS Bank and quite possibly on GS as a whole.