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The 2nd 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.

Wednesday, 05/13/64
7:00 AM
I. Welcoming Remarks
Charles J. Scanlon, President, Federal Reserve Bank of Chicago
Ernest T. Baughman, Vice President and Director of Research, Federal Reserve Bank of Chicago
7:10 AM
II. Summaries of Recent Research
Robert C. Holland, Associate Director of Research, Board of Governors of the Federal Reserve System
7:45 AM
III. Summaries and Discussion of Findings of Empirical Research Projects
8:15 AM
A. Banking Markets Unit of the Board of Governors of the Federal Reserve System
Market Definition for Various Types of Banking Services
Factors Influencing Bank Selection
Relation of Structural Characteristics to Bank Performance
Theodore Flechsig, Board of Governors of the Federal Reserve System
Almarin Phillips, Board of Governors of the Federal Reserve System
Bank Structure Changes
George Hall, Board of Governors of the Federal Reserve System
Policy Applications
Bank Mergers and the Regulatory Agencies: The Application of the Bank Merger Act of 1960
George R. Hall, Professor, University of Virginia
Charles F.  Phillips, Jr., Department of Economics, Washington and Lee University
11:00 AM
B. Summaries of Empirical Research Projects Based on Conceptual Framework
Discussant
Tynan Smith, Board of Governors of the Federal Reserve System
11:30 AM
C. Federal Reserve Bank of Richmond
State Banking Structure and Economic Development: North Carolina, Virginia and West Virginia
Banking and Financial Facilities as Factors Influencing Business Location
Aubrey N. Snellings, Federal Reserve Bank of Richmond
Local Banking Markets: Some Structural and Evaluative Considerations
Charles H Ufen, Federal Reserve Bank of Richmond
A Study of Banking Structure and Performance in Three Large Banking Markets
Clifton Kreps, University of North Carolina
A Study of Banking Structure and Performance in Three Small Markets
Richard Wallace, Federal Reserve Bank of Richmond
2:00 PM
D. Summary of Research from Other Participatory Organizations
The Evolution of Bank Merger Regulation
Charles Thiemann, Federal Reserve Bank of St. Louis
The Interdependence of Loan and Deposit Activity
Neil Murphy, University of Illinois
The Cost of Bank Operations
George Benston, University of Chicago
Banking Structure and Costs: A Statistal Study of the Cost–Output Relationship in Commercial Banking
Stuart Greenbaum, Federal Reserve Bank of Kansas City
Merger Activity in California from 1947 to 1960
Eugene Rotwein, University of Wisconsin
Significance of Deposit Customers to the Market Areas and Competition of Small Banks
Verlyn Richards, University of Illinois
Bank Market Structure and Performance in Iowa
George G. Kaufman, Federal Reserve Bank of Chicago
Determinants of Bank Entry
J. Sam Peltzman, University of Chicago, and Federal Reserve Bank of Chicago
Studies in Banking Structure
James S. Earley, University of Wisconsin
Structure and Characteristics of Banks in Mergers
Joel B Dirlam, Michigan State University
Robert Lanzilloti, Michigan State University
Use of Restricted Data in Research
Edgar Feige, University of Wisconsin
Summary of American Bankers Association Research Proposal
Gerald C. Fischer, Indiana University
6:00 PM
IV. Assessment of Research and Knowledge of Financial Markets
Almarin Phillips, University of Pennsylvania, and Board of Governors of the Federal Reserve System
Donald Hodgman, University of Illinois
Peter Steiner, University of Wisconsin

 

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.

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Event Information
Event Contact
Blanca Sepulveda
(312) 322-8340
Email
Date
05/13/64
Location
The Fairmont Chicago Hotel
200 N Columbus Dr
Chicago, Illinois 60601
Map


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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