An economist at the Federal Deposit Insurance Corp. released a study on the evolution of the banking industry post-WWII acknowledging the significant role securitization and the credit markets have played in dramatically reshaping commercial banking since the mid-80s.

The report's author, Katherine Samolyk, a senior financial economist at FDIC, discusses the significant decline in domestic nonfinancial lending funded by bank borrowing (through the use of deposits). "Specifically, asset securitization has allowed loans that used to be funded by traditional intermediaries, including banks, to be funded in securities markets," Samolyk wrote in the report.

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