The 25th 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.


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05/03/89
12:00 AM
A Retrospective
  • The First Quarter Century of the Bank Structure Conference
George G Kaufman, Loyola University Chicago
Larry R Mote, Federal Reserve Bank of Chicago
Harvey Rosenblum, Federal Reserve Bank of Dallas
12:00 AM
I. Special Addresses
  • Banking System Risk: Charting a New Course
Silas Keehn, Federal Reserve Bank of Chicago
  • Government and Banking: Some Historical Perspectives on Present Problems
Carter H Golembe, The Secura Group
  • Altering Incentives in an Evolving Depository System: Safe Banking for the 1990s
, Board of Governors of the Federal Reserve System
  • Firewalls and the Structure of the Future
Dennis Weatherstone, Morgan Guaranty Trust
12:00 AM
II. The Condition of the Banking Industry
  • Bank Risk: A Status Report
Daryl R Leehaug, Duff and Phelps
  • Comments on Corporate Debt
Ben S Bernanke, Princeton University
  • The Real and Imaginary Risks of Leveraged Buyout Lending
Joseph A Manganello, Bankers Trust Company
12:00 AM
III. Deposit Insurance and Capital Requirements
  • Pricing Deposit Insurance When the Insurer Measures Risk with Error
Mark J Flannery, University of North Carolina
  • Deposit Insurance, Risk and Market Power in Banking
Michael C Keeley, Federal Reserve Bank of San Francisco
  • Valuation Effects of New Capital Issues by Large Bank Holding Companies
Larry D Wall, Federal Reserve Bank of Atlanta
Pamela P Peterson, Florida State University
12:00 AM
IV. Credit Risk
  • Collateral, Loan Quality and Bank Risk
, Board of Governors of the Federal Reserve System
, Board of Governors of the Federal Reserve System
  • Consequences of Going Private Buyouts for Public Debt and Preferred Stock: 1974–1985
Laurentius Marais, University of Chicago
Katherine Schipper, University of Chicago
Abbie Smith, University of Chicago
12:00 AM
V. Historical Evidence on the Role of Deposit Insurance and the Lender of Last Resort
  • The Fed's Failure to Act as Lender of Last Resort during the Great Depression, 1929–1933
David C Wheelock, University of Texas at Austin
  • The Lender of Last Resort: Some Historical Insights
Michael D Bordo, University of South Carolina
  • Success and Failure in Pre–Depression Bank Liability Insurance
Charles W Calomiris, Northwestern University and the Federal Reserve Bank of Chicago
  • The Performance of the Canadian Banking System, 1920–1940
Lawrence Kryzanowski, Concordia University
, Dalhousie University
12:00 AM
VI. The New Financial History—What We Shouldn't Have Learned from Past Financial Crises
  • Public Policy and the Evolution of Banking Markets
Gary Gorton, The Wharton School
  • Taking a New Look at Some Old Banking Lessons
Arthur J Rolnick, Federal Reserve Bank of Minneapolis
  • Commercial Banks and Securities Markets: Lessons of the 1920s and 1930s for the 1980s and 1990s
Eugene N White, Rutgers University
12:00 AM
VII. Investment Banking
  • Going Public: The Advantages of Using an Investment Banker's Premarketing Se
Lawrence M Benveniste, Boston College
, Board of Governors of the Federal Reserve System
  • Raiders, Junk Bonds and Risk
Roger Craine, University of California at Berkeley
Roger Craine, University of California at Berkeley
12:00 AM
VIII. Future Challenges for Regulation
  • Implications of the Texas Experience for Financial Regulation
Paul M Horvitz, University of Houston
  • Investment Banking in Europe after 1992
Ingo Walter, New York University
Roy C Smith, New York University
  • The Globalization of Trading and Its Implications for Financial System Risk
Kenneth R Cone, Chicago Mercantile Exchange
  • The Changing Regulatory Environment: A Critique
James Annable, First National Bank of Chicago
12:00 AM
IX. The Thrift Industry
  • Moral Hazard and the Thrift Crisis: An Analysis of 1988 Resolutions
James R Barth, Federal Home Loan Bank Board
, Federal Home Loan Bank Board
Carol J Labich, Federal Home Loan Bank Board
  • The Future of Thrifts in the Mortgage Market
Andrew S Carron, First Boston Corporation
R Dan Brumbaugh, Stanford University
12:00 AM
X. Diversification and Risk
  • The Risk of Existing Nonbank Activities
Elijah Brewer III, Federal Reserve Bank of Chicago
  • Pooling Intensifies Joint Failure Risk: Abstract
, Federal Reserve Bank of Philadelphia
12:00 AM
XI. Bank Failures and Failure Resolution
  • Assessing the Risk of Bank Failure
Gregory R Gajewski, U. S. Department of Agriculture
  • Value Creation and Excess Returns in FSLIC-Assisted Acquisitions of Troubled Th
Rebel A Cole, Federal Reserve Bank of Dallas
Robert A Eisenbeis, University of North Carolina at Chapel Hill
  • Asset Disposition in Bank Failures: Theory and Pra
John F Bovenzi, Federal Deposit Insurance Corporation
George E French, Federal Deposit Insurance Corporation
Arthur J Murton, Federal Deposit Insurance Corporation
12:00 AM
XII. Market Value Accounting
  • Opening Remarks for the Panel Discussion: "Market Value Accounting"
S Waite Rawls III, Continental Bank Corporation
  • Historical Perspectives in Accounting for Financial Institutions' Perfo
Donald G Simonson, University of New Mexico
George H Hempel, Southern Methodist University
  • Some Red Flags Concerning Market Value Accounting
Allen N Berger, Board of Governors of the Federal Reserve System
, Board of Governors of the Federal Reserve System
James M O'Brien, Board of Governors of the Federal Reserve System
  • Market Value Accounting: Benefits, Costs and Incentives
George J Benston, Emory University
12:00 AM
XIII. Policy Recommendations for Controlling Risk
  • Remarks for the Panel on Policy Recommendations for Controlling Risk
John P LaWare, Board of Governors of the Federal Reserve System
  • Federal Reserve Bank of Chicago Panel: Policy Recommendations for Controlling Risk
Thomas C Theobald, Continental Bank Corporation
  • The Reform of Federal Deposit Insurance
Lawrence J White, Federal Home Loan Bank

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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.


Back To Top