- , Federal Reserve Bank of Chicago

Wednesday, May 5

7:30 a.m.		Registration & Continental Breakfast
8:25 a.m.		Welcoming Remarks Douglas D. Evanoff, Senior Financial Economist and Vice President, Federal Reserve Bank of Chicago
8:30 a.m.		Banking Relationships and Service Bundling Moderator and Discussant Timothy Loughran, University of Notre Dame The Tying of Lending and Equity Underwriting (PDF, 246KB) Steven Drucker, Stanford Graduate School of Business Manju Puri, Duke University So What Do I Get? The Bank's View of Lending Relationships Sreedhar Bharath, University of Michigan Sandeep Dahiya, Georgetown University Anthony Saunders, New York University Anand Srinivasan, University of Georgia The Impact of Clients' Financial Reporting Fraud on Underwriter Reputation Wei-Ling Song, Drexel University Hatice Uzun, Long Island University
10:00 a.m.		Break
10:20 a.m.		Impact of Bank Regulation: Past, Present, and Future Moderator and Discussant Eric S. Rosengren, Federal Reserve Bank of Boston The Cost of Banking Regulation Luigi Guiso, University of Sassari & Center for Economic Policy Research Paola Sapienza, Northwestern University Luigi Zingales, University of Chicago The Impact of CRA Agreements on Community Banks (PDF, 78KB) Breck L. Robinson, University of Delaware Raphael W. Bostic, University of Southern California On Credit Spread Slopes and Predicting Bank Risk C. N. V. Krishnan, Case Western Reserve University Peter H. Ritchken, Case Western Reserve University James B. Thomson, Federal Reserve Bank of Cleveland
12:00 p.m.		Luncheon
1:20 p.m.		Bank Lending Moderator and Discussant Mark S. Carey, Board of Governors of the Federal Reserve System Informational Efficiency of Loans versus Bonds: Evidence from Secondary Market Prices (PDF, 298KB) Amar Gande, Vanderbilt University Edward I. Altman, New York University Anthony Saunders, New York University Risk Overhang and Bank Loan Portfolio Decisions Robert DeYoung, Federal Reserve Bank of Chicago Anne Gron, Northwestern University Andrew J. Winton, University of Minnesota Do Mergers Improve Information? Evidence from the Loan Market (PDF, 1.5MB) Fabio Panetta, Bank of Italy Fabiano Schivardi, Bank of Italy Matthew Shum, Johns Hopkins University The Impact of Competition on Bank Orientation and Specialization (PDF, 345KB) Hans Degryse, K.U. Leuven and Center â€” Tilburg University Steven Ongena, Tilburg University
3:10 p.m.		Break
3:30 p.m.		Market Entry and Competition Moderator and Discussant Nicola Cetorelli, University of California - Davis Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation (PDF, 114KB) Kwangwoo Park, Chung-Ang University George G. Pennacchi, University of Illinois Entry into Banking Markets and the First-Mover Advantage (PDF, 273KB) Allen N. Berger, Board of Governors of the Federal Reserve System Astrid A. Dick, Federal Reserve Bank of New York Market Structure and Competition Among Retail Depository Institutions (PDF, 644KB) Andrew M. Cohen, Board of Governors of the Federal Reserve System Michael J. Mazzeo, Northwestern University
5:15 p.m.		Reception
Thursday, May 6

7:00 a.m.		Registration & Continental Breakfast
8:15 a.m.		Welcoming Remarks Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago
8:30 a.m.		Keynote Address Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
9:25 a.m.		Break
9:50 a.m.		Conference Theme Panel: How Do Banks Compete? Strategy, Regulation, and Technology Moderator Gordon Werkema, First Vice President, Federal Reserve Bank of Chicago Mark Olson, Governor, Board of Governors of the Federal Reserve System Leslie M. Muma, President and Chief Executive Officer, Fiserv, Inc. J. Alfred Broaddus, Jr., President and Chief Executive Officer, Federal Reserve Bank of Richmond David Rhodes, Senior Vice President, The Boston Consulting Group Douglas W. Roeder, Senior Deputy Comptroller for Large Bank Supervision, Office of the Comptroller of the Currency
12:10 p.m.		Luncheon Introduction Charles L. Evans, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago Timothy R. Schwertfeger, Chairman and Chief Executive Officer, Nuveen Investments, Inc.
1:55 p.m.		Bank Merger Activity in the Changing Landscape Moderator Douglas D. Evanoff, Senior Financial Economist and Vice President, Federal Reserve Bank of Chicago Peter C. Davis, Managing Director, Novantas LLC Gregory F. Udell, Bank One Chair of Banking and Finance, Indiana University Nancy A. Bush, Managing Member, NAB Research, LLC Robin A. Prager, Financial Structure Section Chief, Board of Governors of the Federal Reserve System
3:35 p.m.		Break
3:55 p.m.		Government Sponsored Enterprises Moderator George G. Kaufman, John F. Smith, Jr., Professor Economics and Finance, Loyola University Franklin D. Raines, Chairman and Chief Executive Officer, Fannie Mae William Poole, President and Chief Executive Officer, Federal Reserve Bank of St. Louis Alex J. Pollock, President and Chief Executive Officer, Federal Home Loan Bank of Chicago Susan M. Wachter, Richard B. Worley Professor of Financial Management, University of Pennsylvania
5:45 p.m.		Reception
Friday, May 7

7:30 a.m.		Continental Breakfast
8:20 a.m.		Introduction W. James Farrell, Chairman and Chief Executive Officer, Illinois Tools Work, Inc. and Chairman, Board of Directors, Federal Reserve Bank of Chicago
8:30 a.m.		Keynote Address John W. Snow, Secretary of the Treasury United States Department of the Treasury
9:45 a.m.		Strategic Innovations in Banking Moderator Robert DeYoung, Federal Reserve Bank of Chicago Joseph D. Reid, Chairman and Chief Executive Officer, Capitol Bancorp Limited Stanley R. Ommen, President and Chief Executive Officer, State Farm Bank James H. Hance, Jr., Vice Chairman and Chief Financial Officer, Bank of America Norman R. Bobins, President and Chief Executive Officer, LaSalle Bank Gary Lewis Evans, President and Chief Executive Officer, Bank of Internet USA
12:00 p.m.		Luncheon Introduction Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago William J. McDonough, Chairman, Public Company Accounting Oversight Board
1:55 p.m.		Concurrent Sessions Session A: CEO (Mis)Behavior Moderator Richard J. Rosen, Federal Reserve Bank of Chicago Corporate Governance of Bank Mergers (PDF, 117KB) David A. Becher, Drexel University Terry L. Campbell II, University of Delaware Agency Issues in Bank Mergers Elijah Brewer III, Federal Reserve Bank of Chicago William E. Jackson III, University of North Carolina Larry D. Wall, Federal Reserve Bank of Atlanta Estimating Managers' Utility-Maximizing Demand for Agency Goods (PDF, 249KB) Joseph P. Hughes, Rutgers University Choon-Geol Moon, Han-Yang University Session B: The Role and Future of GSEs Moderator Craig H. Furfine, Federal Reserve Bank of Chicago The GSE Implicit Subsidy and Value of Government Ambiguity Wayne Passmore, Board of Governors of the Federal Reserve System Emerging Competition and Risk-Taking Incentives at Fannie Mae and Freddie Mac (PDF, 285KB) W. Scott Frame, Federal Reserve Bank of Atlanta Lawrence J. White, New York University How to Privatize Fannie Mae and Freddie Mac (PDF, 285KB) Bert Ely, President, Ely & Company Inc.

How Do Banks Compete? Strategy, Regulation and Technology