Unionbancal (NYSE:UB)
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Union Bank of California (NYSE:UB):
WHAT: Keitaro Matsuda, senior economist for Union Bank of
California, today released his May 2007 Economic Report
focusing on the United States economy. The report,
titled "Diverging Regional Economies: Another Dilemma
for the Fed," is part of a monthly series produced by
Matsuda on the California, Pacific Northwest and U.S.
economies.
WHY: The May 2007 Economic Report discusses factors at play
in the United States economy, including:
-- Robust consumer spending and tight labor market,
which limit the prospect of a recession
-- Accelerating price inflation versus slowing
output growth
-- Regional variations in personal income growth
-- Subprime mortgage delinquency ratios
WHO: Keitaro Matsuda has served as senior economist for
Union Bank of California since 1997. He monitors
economic trends and developments for Union Bank
management and customers. Matsuda is also a member of
the economic advisory committee of the American Bankers
Association. Union Bank of California, the wholly owned
subsidiary of UnionBanCal Corporation (NYSE:UB),
provides a broad range of financial services to
consumers, small businesses, middle market and large
corporations.
AVAILABILITY: The May 2007 Economic Report is available upon request.
INTERVIEW: Keitaro Matsuda is available for interviews to share
his insights about local, state and national economies.
Please contact Katie Pandes to schedule an appointment.