Nature and Scope of the Capital Markets .p.1 Commercial and Federal Reserve Banks .p.13 Savings Banks and Associations .p.29 Insurance Companies .p.46 Pension and Retirement Plans .p.63 Investment Companies .p.75 The federal Securities Market .p.83 The Market for State and Local Govermment Bonds .p.97 The Market for Long-Term Corporate Debt .p.108 The Corporate Stock Market .p.117 The Mortgage Market .p.130 Integration; The Yield Patten .p.147