The 14th Annual Conference on Bank Structure & Competition

Since the early 1960s, the Federal Reserve Bank of Chicago’s Conference on Bank Structure and Competition has served as a forum for academics, regulators and industry participants to debate current issues affecting the financial services industry. Each year the purpose of the conference is to continue that tradition. This retrospective on the history and evolution of the conference reviews the past four decades of conferences.

The primary motivating factor for the conference was the passage of the 1960 Bank Merger Act and the U.S. versus Philadelphia National Bank Supreme Court decision. Suddenly, bank regulatory agencies were required to consider competitive factors in addition to banking factors when evaluating bank merger applications. Each of the Federal Reserve Banks was encouraged to survey the existing literature on bank structure and develop its own research agendas on these issues.

05/01/80

I.Implications of Increased Interest Rate Volatility

A Method for Empirically Assessing the Impact of Market Interest Rates on Intermediary Profitability

Mark J. Flannery, Federal Reserve Bank of Philadelphia

Interest Rate Volatility, Regulation Q and the Problems of Thrift Institutions

Harvey Rosenblum, Federal Reserve Bank of Chicago

Financial Disorder and Eurocurrency Markets

Jack Guttentag, University of Pennsylvania

Richard Herring, University of Pennsylvania

II. Selected Papers

Spatial Microeconomics: Implications for the Relationship between Concentration of Ownership and Bank Performance

Bruce Benson, Pennsylvania State University

Entry into Local Banking Markets: California, 1884–1908

Roger C. Lister, Federal Home Loan Bank of San Francisco

III. Applications of Modern Financial Theory

Bank Holding Company Diversification

John H. Boyd, Northwestern University

Gerald A. Hanweck, Board of Governors of the Federal Reserve System

Pipat Pithyachariyakul, Northwestern University

The Performance of Multi-Bank Holding Companies in Light of Valuation Theory and Financial Regulation

Larry A. Frieder, Florida A&M University

Vincent P. Apilado, University of Texas

A Model of Bank Reaction to Capital Supervision

Evelyn C. Fallek, Federal Reserve Bank of New York

IV. Deposit Insurance Reform

Implicit and Explicit Prices of Deposit Insurance and the Bank Capital Decision

Stephen A. Buser, Ohio State University

Andrew H. Chen, Ohio State University

Edward J. Kane, Ohio State University

The Design of Deposit Insurance Contracts: Lessons from Product Liability Theory

Paul Burik, Board of Governors of the Federal Reserve System

Implications of Changes in the Effective Level of Deposit Insurance Coverage

Stanley C. Silverberg, Federal Deposit Insurance Corporation

Deposit Insurance: A Comparative Survey

Ian S. McCarthy, International Monetary Fund

V. Research in Progress

Senior Debt Securities Revisited

Douglas V. Austin, University of Toledo

Thomas J. Scampini, University of Toledo

Bank Holding Company Long-Term Debt: Is It Capital?

Gregory E. Boczar, Board of Governors of the Federal Reserve System

Research at the Board of Governors—Financial Studies Section

Paul Burik, Board of Governors of the Federal Reserve System

Monetary Targets, Interest Rate Volatility and the Exchange from Germany, the United Kingdom and the United States

William A. Delladar, Federal Reserve Bank of New York

Financial Innovation and Money Market Funds

Constance Dunham, Federal Reserve Bank of Boston

The Macroeconomic Consequences of Variable Rate Financial Instruments

John M. Finkelstein, Indiana University

Lawrence S. Davidson, Indiana University

Credit Rationing, Regulation and Financial Intermediation

John M. Finkelstein, Indiana University

Wayne Y. Lee, Indiana University

Ramesh K. S. Rao, Indiana University

Commercial Banks, Credit Unions and Regulatory Equity

Donald R. Fraser, Texas A&M University

Antitrust Regulation under the Bank Holding Company Act

Samuel H. Gane, Federal Reserve Bank of Minneapolis

Minnesota's Detached Facilities Law: Its Impact on Bank Structure and Performance

Stanley L. Graham, Federal Reserve Bank of Minneapolis

The Separation of Ownership and Control: An Analysis of Commercial Bank Behavior, 1972–77

Don Phillip Holdren, University of Nebraska

Loan Rate Indexation and the Allocation of Bank Credit

Christopher M. James, University of Oregon

Commercial Bank Participation and Market Segmentation in the Municipal Bond Market

David S. Kidwell, Texas Tech University

Timothy W. Koch, Texas Tech University

Research at the Office of the Comptroller of the Currency

William A. Longbrake, Office of the Comptroller of the Currency

An Examination of New Bank Deposit Forecasts

Terrence F. Martell, University of Alabama

Valuation of Controlling Shares in Closely Held Banks

Larry G. Meeker, Federal Reserve Bank of Kansas City

O. Maurice Joy, University of Kansas

Kenneth O. Cogger, University of Kansas

Credit Unions: Research and Analysis

Randall J. Miller, National Credit Union Administration

A Brief History of the Conference

Since the early 1960s the Federal Reserve Bank of Chicago’s Conference on Bank Structure and Competition has served as a forum for academics, regulators and industry participants to debate current issues affecting the financial services industry. Each year the purpose of the conference is to continue that tradition. This retrospective on the history and evolution of the conference reviews the past four decades of conferences.