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Secondly, we have a very large balance sheet.
Transaction services are important, but they do not require a very large balance sheet; these can equally well be performed by a network of small, nimble financial firms.
"I think that we will be able to maintain that high level of accommodation ultimately through rate policy and, you know — and by holding a very large balance sheet," he said.
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"There is a creeping capital intensity to the securities business that's being propelled by a handful of commercial banks who come to the table with very large balance sheets," Mr. Kraushaar said.
The few surplus countries will have to bear very large balance sheet losses in order to accommodate the deficit countries, but the relative benefits to the deficit countries are not too large.
The Fed now has a very large and very risky balance sheet and it must rely on the Treasury for a potential bailout and recapitalization.
"The amount allocated at the ECB's second three-year LTRO seems to strike a good balance between a very large number that may have been seen as a sign of weakness of the banking sector and a small number that would have been seen as not making much difference to risk assets," he said.
In its product manual, the NAIT is said to have "low continuous power output... balanced by a very large peak current capacity so there are no restrictions on the size or type of loudspeaker that may be used.
Finally, mention should be made of the Eurodollar market, because London is its centre; this is an entrepôt market with a very large volume of business in U.S. dollar balances, conducted through brokers (often the same firms that operate in the sterling markets), and U.K. banks are active participants.
A very large one.
A very large box.
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