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The 4th 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.

Thursday, 03/16/67
8:00 AM
I. Assessments of Recent Developments
Courts, Congress and Confusion after the Bank Merger Act of 1966
Oscar Goodman, Roosevelt University
Bank Structure and Competition: The Weight of the Evidence and Implications for Future Research
Larry Mote, Federal Reserve Bank of Chicago
9:00 AM
II. Summaries of Research in Progress
9:05 AM
A. Bank Structure
ABA Projects
Donald Jacobs, Northwestern University
Mergers in Indianapolis
Peter Bacon, Indiana University
Comparative Performance of Unit and Branch Banks
Verle Johnston, Federal Reserve Bank of San Francisco
10:30 AM
B. Bank Markets and Services
Locating Bank Customers from Bank Records
Background Discussion
Tynan Smith, Board of Governors of the Federal Reserve System
Toledo, Ohio
Douglas Austin, Federal Reserve Bank of Cleveland
Orlando, Florida
Paul Crowe, Federal Reserve Bank of Atlanta
Joe McLeary, Federal Reserve Bank of Atlanta
Elkhart, Indiana, and Chicago
Lynn Stiles, Federal Reserve Bank of Chicago
Bank Markets for Business Customers in California
J. Fred Weston, University of California, Los Angeles
Measuring Customer Satisfaction with Bank Services
Nathaniel Greenspun, Board of Governors of the Federal Reserve System
Locating Bank Customers from Surveys
George G. Kaufman, Federal Reserve Bank of Chicago
Concentration in Bank Business Loan Markets
Roger Miller, University of Wisconsin
Research at the Comptroller's Office
Wm Paul Smith, Office of the Comptroller of the Currency
3:00 PM
III. Measures of Competition and Convenience
Measures of Banking Competition and Convenience: Problems Real and Unreal
George Hall, Rand Corporation
Speakers
Tynan Smith, Board of Governors of the Federal Reserve System
Paul Horvitz, Federal Deposit Insurance Corporation
Wm Paul Smith, Office of the Comptroller of the Currency
Oliver Williamson, U.S. Department of Justice
4:00 PM
IV. Bank Costs
Bank Costs: A Statistical Study
Irwin Miller, Arthur D. Little, Inc.
Irving Plotkin, Massachusetts Institute of Technology
Theory and Problems of Cost Accounting
George Benston, University of Rochester
Brief Review of Current Federal Reserve Functional Cost Porgram
William Hocter, Federal Reserve Bank of Chicago
Uses of Functional Cost Data for Research: Production and Cost Functions
Neil Murphy, Federal Reserve Bank of Boston
Frederick Bell, Federal Reserve Bank of Boston
Overview and Discussion
Paul Horvitz, Federal Deposit Insurance Corporation
5:00 PM
V. Research in Progress
A Review of Recent Legislative and Judicial Trends Affecting Banking Structure
Oscar Goodman, Roosevelt University
Bank Structure and Competition: The Weight of the Evidence and Implications for Future Research
Larry Mote, Federal Reserve Bank of Chicago
Measures of Banking Competition and Convenience: Problems Real and Unreal
George Hall, The RAND Corporation
Returns to Scale in Commercial Banking
Frederick Bell, Federal Reserve Bank of Boston
Neil Murphy, Federal Reserve Bank of Boston
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