- , Federal Reserve Bank of Chicago

Wednesday, May 4

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.		Bank Regulation Moderator and Discussant Moshe Kim, University of Haifa Bank Competition and the Design of Regulation (PDF,225KB) Franklin Allen, University of Pennsylvania Elena Carletti, Center for Financial Studies Robert Marquez, University of Maryland The Impact of Explicit Deposit Insurance on Market Discipline (PDF,321KB) Vasso P. Ioannidou, Tilburg University Jan de Dreu, Tilburg University Predatory Lending? Samuel G. Hanson, Federal Reserve Bank of New York Donald P. Morgan, Federal Reserve Bank of New York
10:00 a.m.		Break
10:20 a.m.		Mergers and Lending Relationships Moderator and Discussant Astrid A. Dick, Federal Reserve Bank of New York Information Asymmetries and the Effects of Banking Mergers on Firm—Bank Relationships (PDF,281KB) Steven Drucker, Stanford University, Graduate School of Business SMEs and Bank Lending Relationships: The Impact of Mergers (PDF,146KB) Hans Degryse, Tilburg University, Center for Economic Policy Research and University of Leuven Nancy Masschelein, National Bank of Belgium Janet Mitchell, National Bank of Belgium The Effect of Bank Mergers on Loan Prices: Evidence from the U.S. Isil Erel, Massachusetts Institute of Technology, Sloan School of Management
12:00 p.m.		Luncheon
1:20 p.m.		Market Power and Market Structure Moderator and Discussant Mitchell A. Petersen, Northwestern University What Determines Banks' Market Power? Akerlof versus Herfindahl (PDF,350KB) Moshe Kim, University of Haifa Eirik Gaard Kristiansen, Norweigan School of Economics and Business Administration Bent Vale, Norges Bank Investment Strategies and Market Structure: An Empirical Analysis of Bank Branching Decisions Andrew M. Cohen, Board of Governors of the Federal Reserve System Michael J. Mazzeo, Northwestern University Acquisition of Information in Loan Markets and Bank Market Power: An Empirical Investigation Karl-Hermann Fischer, Johann Wolfgang Goethe University Bank Loans, Bonds and Information Monopolies across the Business Cycle João A. C. Santos, Federal Reserve Bank of New York Andrew J. Winton, University of Minnesota
3:10 p.m.		Break
3:30 p.m.		Bank Liquidity Moderator and Discussant Mark J. Flannery, University of Florida Bank Capital and Liquidity Creation (PDF,265KB) Allen N. Berger, Board of Governors of the Federal Reserve System Christa H. S. Bouwman, University of Michigan Business School Asymmetric Information and Liquidity Constraints: A More Complete Test (PDF,853KB) Dmytro Holod, University of Kentucky Joe Peek, University of Kentucky Relationship Lending, Accounting Disclosure and Credit Availability during the Asian Financial Crisis Wenying Jiangli, Federal Deposit Insurance Corporation Haluk Ünal, University of Maryland Chiwon Yom, Federal Deposit Insurance Corporation
5:15 p.m.		Reception
Thursday, May 5

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 (via live, interactive video)
9:25 a.m.		Break
9:50 a.m.		Theme Panel I: The Art of the Business Loan Moderator Charles L. Evans, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago Michael D. Sharkey, President, LaSalle Business Credit Jeff Plagge, President and Chief Executive Officer, The First National Bank of Waverly, Waverly, IA Rick Spitler, Managing Director, Novantas LLC Thomas W. Okel, Head of Syndicated Capital Markets, Banc of America Securities John F. Bovenzi, Deputy to the Chairman and Chief Operating Officer, Federal Deposit Insurance Corporation
12:10 p.m.		Luncheon Introduction Mindy C. Meads, President and Chief Executive Officer, Lands' End, Inc. and Director, Federal Reserve Bank of Chicago Jerry Grundhofer, Chairman and Chief Executive Officer, U.S. Bancorp
1:55 p.m.		Theme Panel II: The Art of the Retail Loan Moderator Mark W. Olson, Governor, Board of Governors of the Federal Reserve System Michael Frow, Executive Vice President, Corporate Risk Management, Harris Bank/Bank of Montreal Alan R. Tubbs, Chief Executive Officer, Maquoketa State Bank and Ohnward Bancshares, Maquoketa, IA Robert M. Tetenbaum, Executive Vice President, First Manhattan Consulting Group Cathy Lemieux, Senior Vice President, Federal Reserve Bank of Chicago
3:25 p.m.		Break
3:50 p.m.		Bank Regulatory Issues Moderator George G. Kaufman, Loyola University Chicago and Federal Reserve Bank of Chicago Robert E. Litan, Vice President of Research and Policy, Kauffman Foundation Wayne A. Abernathy, Executive Director, American Bankers Association Diana L. Taylor, Superintendent of Banks, State of New York Competitive Impact Studies of Basel II: An Emphasis on the Retail Mortgage Market Diana Hancock, Board of Governors of the Federal Reserve System Wayne Passmore, Board of Governors of the Federal Reserve System
5:45 p.m.		Reception
Friday, May 6

7:30 a.m.		Continental Breakfast
8:30 a.m.		Keynote Address Introduction Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago Michael G. Oxley, Congressman, U.S. House of Representatives, and Chairman, House Committee on Financial Services
9:20 a.m.		Break
9:45 a.m.		Public, Private and Personal Pension Funds: Averting a Crisis Moderator Robert DeYoung, Federal Reserve Bank of Chicago Bradley D. Belt, Executive Director, Pension Benefit Guarantee Corporation Dennis E. Logue, Dean, College of Business, University of Oklahoma Zvi Bodie, Professor, Boston University Randall S. Kroszner, Professor, University of Chicago Robert J. Gordon, Professor, Northwestern University
12:00 p.m.		Luncheon Introduction Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago Julie L. Williams, Acting Comptroller of the Currency and Chief Counsel, Office of the Comptroller of the Currency
1:45 p.m.		Concurrent Sessions SESSION A: INTERVENTION IN LOAN MARKETS Moderator Alicia Williams, Federal Reserve Bank of Chicago Are Legislative Solutions to Abusive Mortgage Lending Practices Throwing Out the Baby with the Bath? Guidance from Empirical Research (PDF,336KB) Gregory Elliehausen, Georgetown University Michael E. Staten, Georgetown University George J. Wallace, Center for Statistical Research Credit Where It Counts: The Community Reinvestment Act and Its Critics (PDF,700KB) Michael S. Barr, University of Michigan Law School Information Asymmetries in the Mortgage-Backed Securities Market Christopher T. Downing, Rice University Dwight M. Jaffee, University of California, Berkeley Nancy E. Wallace, University of California, Berkeley SESSION B: ADDRESSING CREDIT NEEDS Moderator Larry R. Mote, Federal Reserve Bank of Chicago (retired) What You Sell Is What You Lend? Explaining Trade Credit Mike Burkart, Stockholm School of Economics Tore Ellingsen, Stockholm School of Economics Mariassunta Giannetti, Stockholm School of Economics Borrower—Lender Distance, Credit Scoring and the Performance of Small Business Loans Robert DeYoung, Federal Reserve Bank of Chicago Dennis Glennon, Office of the Comptroller of the Currency Peter J. Nigro, Bryant University Are Underserved Borrowers Lower Risk? New Evidence on the Performance and Pricing of FHA-Insured Mortgages Yongheng Deng, University of Southern California Stuart A. Gabriel, University of Southern California

2005 Bank Structure Conference