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The 26th 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

Wednesday, 05/09/90
8:00 AM
I. Special Addresses
Banking in the 21st Century
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
Strategies for Revitalizing the Banking Industry
A. W. Clausen, BankAmerica Corporation
The Future of the Banking Industry
George M. Salem, Prudential-Bache Capital Funding
The Future of Banking: A Joint Venture
John P. LaWare, Board of Governors of the Federal Reserve System
The Three "R's" of Banking
Eugene A. Miller, Comerica Incorporated
Challenges to Banks for the Nineties and Beyond
Barry F. Sullivan, First Chicago Corporation
11:00 AM
II. The Condition of the FDIC
The Condition of the Bank Insurance Fund: A View from Washington
Gillian Garcia, U.S. Senate, Banking Committee
Short and Long Snapshots of the U.S. Banking Industry
Robert E. Litan, Brookings Institution
Assessing the Condition of the Bank Insurance Fund
Philip F. Bartholomew, Congressional Budget Office
Thomas L. Lutton, Congressional Budget Office
BIF: Still Solvent after All These Years?
John F. Bovenzi, Federal Deposit Insurance Corporation
1:00 PM
III. Assessing Current Legislative Proposals for Deposit Insurance Reform
Comments on Deposit Insurance Reform
Thomas C. Theobald, Continental Bank Corporation
Current Legislative Proposals for Deposit Insurance Reform
Edward J. Kane, Ohio State University
Assessing the Current Legislative Proposals for Deposit Insurance
John C. Dugan, U.S. Department of the Treasury
The Impact of Reform on Community Banks
Kenneth A. Guenther, Independent Bankers Association of America
3:00 PM
IV. Moral Hazard and Franchise Value: Theory and Evidence
The Asset Flexibility Option and the Value of Deposit Insurance
Peter Ritchken, Case Western Reserve University
James Thomson, Federal Reserve Bank of Cleveland
Ramon DeGennaro, University of Tennessee
Anlong Li, Case Western Reserve University
Risk-Taking Behavior of Banking Firms
Simon H. Kwan, University of Arizona
Empirically Assessing the Role of Moral Hazard in Increasing the Risk Exposure of Texas Banks
Jeffrey W. Gunther, Federal Reserve Bank of Dallas
Kenneth J. Robinson, Federal Reserve Bank of Dallas
Moral Hazard and Franchise Value: Theory and Evidence
Myron L. Kwast, Board of Governors of the Federal Reserve System
Thursday, 05/10/90
8:00 AM
V. Managerial Incentives and Bank Performance
Executive Compensation and Corporate Performance: Evidence from Thrift Institutions
Rebel A. Cole, Board of Governors of the Federal Reserve System
Hamid Mehran, Boston College
The Management Reward Structure and Risk-Taking Behavior of U.S. Commercial Banks
Helena M. Mullins, University of Oregon
10:00 AM
VI. Behavior of Poorly Capitalized Banks
What Happens if Banks Are Closed "Early?"
Mark E. Levonian, Federal Reserve Bank of San Francisco
Risk and Capitalization in Banking
Douglas McManus, Board of Governors of the Federal Reserve System
Richard Rosen, Board of Governors of the Federal Reserve System
Moral Hazard, Equity Issuance and Recoveries of Undercapitalized Banks
Drew Dahl, Utah State University
Michael F. Spivey, Clemson University
Supervision of Undercapitalized Banks: Is There a Case for Change?
R. Alton Gilbert, Federal Reserve Bank of St. Louis
Dealing with Poorly Capitalized Banks from the Perspective of the Deposit Insurance Agency
George J. Benston, Emory University
1:00 PM
VII. Creditor Discipline
Standby Letters of Credit and Bank Capital: Evidence of Market Discipline
G. D. Koppenhaver, Iowa State University
Roger D. Stover, Iowa State University
Subordinated Debt Market Information and the Pricing of Deposit Insurance
Carolin D. Schellhorn, Northeastern University
Lewis J. Spellman, University of Texas at Austin
Market Discipline in Banking
Allen N. Berger, Board of Governors of the Federal Reserve System
3:00 PM
VIII. Bank Closure Policy: The Case for Early Intervention
Implementing Early Intervention
George G. Kaufman, Loyola University and the Federal Reserve Bank of Chicago
Current Proposals for Early Intervention
Raymond Natter, U.S. Senate Committee on Banking
Early Intervention in the Securities Industry
Michael A. Macchiaroli, U.S. Securities and Exchange Commission
Reforming Deposit Insurance: The Danish Case
Randall J. Pozdena, Federal Reserve Bank of San Francisco
Early Intervention Practices in Canada
Ronald A. McKinlay, Canada Deposit Insurance Corporation
Friday, 05/11/90
8:00 AM
IX. FDIC Premiums
The Impact of Premium Rates and Rebates on the Solvency of the FDIC Reserve Fund: An Empirical Approach
Sherrill Shaffer, Federal Reserve Bank of Philadelphia
A Simple Approach to Better Deposit Insurance Pricing
Sarah B. Kendall, Loyola University
Mark E. Levonian, Federal Reserve Bank of San Francisco
9:00 AM
X. Market Value Accounting
How Market Value Accounting Would Affect Banks
David L. Mengle, Federal Reserve Bank of Richmond
John R. Walter, Federal Reserve Bank of Richmond
Market Value Accounting and Bank Income Volatility: Some evidence from the Investment Account
Jonathan Jones, U.S. Securities and Exchange Commission
Robert Nachtmann, U.S. Securities and Exchange Commission
Fred Phillips-Patrick, U.S. Securities and Exchange Commission
Deposit Premiums of Failed Banks: Implications for the Values of Deposits and Bank Franchises
James A. Berkovec, Board of Governors of the Federal Reserve System
J. Nellie Liang, Board of Governors of the Federal Reserve System
11:00 AM
XI. Future Bank Profitability
The Link between Merger Premiums and Subsequent Target Bank Risk
J. Amanda Adkisson, Sam Houston State University
Donald R. Fraser, Texas A&M University
Interstate Banking and Competition
Elizabeth S. Laderman, Federal Reserve Bank of San Francisco
Randall J. Pozdena, Federal Reserve Bank of San Francisco
Can Banks Profitably Fund Mortgages?
Wayne Passmore, Board of Governors of the Federal Reserve System
Deregulation and Profitability
Philip F. Bartholomew, Congressional Budget Office
Larry R. Mote, Congressional Budget Office
Remarks on Future Bank Profitability
Jonathan P. Moynihan, First Manhattan Consulting Group

 

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.

Read More...

Event Information
Event Contact
Blanca Sepulveda
(312) 322-8340
Email
Date
05/09/90  - 05/11/90
Location
Westin Hotel Michigan Avenue
909 N Michigan Ave
Chicago, Illinois 60611
Map


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

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