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


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05/08/91
12:00 AM
I. Special Addresses
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
Banking in the 21st Century
A W Clausen, BankAmerica Corporation
Strategies for Revitalizing the Banking Industry
George M Salem, Prudential-Bache Capital Funding
The Future of the Banking Industry
John P LaWare, Board of Governors of the Federal Reserve System
The Future of Banking: A Joint Venture
Eugene A Miller, Comerica Incorporated
The Three "R's" of Banking
Barry F Sullivan, First Chicago Corporation
Challenges to Banks for the Nineties and Beyond
12:00 AM
II. The Condition of the FDIC
Gillian Garcia, U.S. Senate, Banking Committee
The Condition of the Bank Insurance Fund: A View from Washington
Robert E Litan, Brookings Institution
Short and Long Snapshots of the U.S. Banking Industry
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
12:00 AM
III. Assessing Current Legislative Proposals for Deposit Insurance Reform
Comments on Deposit Insurance Reform
Thomas C Theobald, Continental Bank Corporation
Edward J Kane, Ohio State University
ssecting Current Legislative Proposals for Deposit Insurance Reform
Assessing the Current Legislative Proposals for Deposit Insurance
John C Dugan, U.S. Department of the Treasury
Kenneth A Guenther, Independent Bankers Association of America
The Impact of Reform on Community Banks
12:00 AM
IV. Moral Hazard and Franchise Value: Theory and Evidence
Peter Ritchken, Case Western Reserve University
The Asset Flexibility Option and the Value of Deposit Insurance
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
12:00 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
Helena M Mullins, University of Oregon
The Management Reward Structure and Risk-Taking Behavior of U.S. Commercial Banks
12:00 AM
VI. Behavior of Poorly Capitalized Banks
Mark E Levonian, Federal Reserve Bank of San Francisco
What Happens if Banks Are Closed "Early?"
Douglas McManus, Board of Governors of the Federal Reserve System
Risk and Capitalization in Banking
Richard Rosen, Board of Governors of the Federal Reserve System
Drew Dahl, Utah State University
Moral Hazard, Equity Issuance and Recoveries of Undercapitalized Banks
Michael F Spivey, Clemson University
R Alton Gilbert, Federal Reserve Bank of St. Louis
Supervision of Undercapitalized Banks: Is There a Case for Change?
Dealing with Poorly Capitalized Banks from the Perspective of the Deposit Insurance Agency
George J Benston, Emory University
12:00 AM
VII. Creditor Discipline
G D Koppenhaver, Iowa State University
Standby Letters of Credit and Bank Capital: Evidence of Market Discipline
Roger D Stover, Iowa State University
Carolin D Schellhorn, Northeastern University
Subordinated Debt Market Information and the Pricing of Deposit Insurance
Lewis J Spellman, University of Texas at Austin
Allen N Berger, Board of Governors of the Federal Reserve System
Market Discipline in Banking
12:00 AM
VIII. Bank Closure Policy: The Case for Early Intervention
George G Kaufman, Loyola University and the Federal Reserve Bank of Chicago
Implementing Early Intervention
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
Randall J Pozdena, Federal Reserve Bank of San Francisco
Reforming Deposit Insurance: The Danish Case
Early Intervention Practices in Canada
Ronald A McKinlay, Canada Deposit Insurance Corporation
12:00 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
12:00 AM
X. Market Value Accounting
David L Mengle, Federal Reserve Bank of Richmond
How Market Value Accounting Would Affect Banks
John R Walter, Federal Reserve Bank of Richmond
Jonathan Jones, U.S. Securities and Exchange Commission
Market Value Accounting and Bank Income Volatility: Some evidence from the Investment Account
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
12:00 AM
XI. Future Bank Profitability
J Amanda Adkisson, Sam Houston State University
The Link between Merger Premiums and Subsequent Target Bank Risk
Donald R Fraser, Texas A&M University
Elizabeth S Laderman, Federal Reserve Bank of San Francisco
Interstate Banking and Competition
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
Jonathan P Moynihan, First Manhattan Consulting Group
Remarks on Future Bank Profitability

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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.


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