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The 28th 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, 05/08/91
8:00 AM
I. Special Addresses
Subsidies and Powers in Commercial Banking
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
The Future Structure of the Financial Services Industry
J. Richard Fredericks, Montomery Securities
Competitiveness and Safety Go Hand in Hand
Paul J. Collins, Citicorp/Citibank
10:00 AM
II. Controlling Risk in Banking
Can Depository Institutions Be Regulated as if They Were Margin Accounts?
Roger Craine, University of California, Berkeley
Richard W. Nelson, Federal Home Loan Bank
Risk-Based Deposit Insurance: Is Price Regulation Necessarily Better than Quantity Regulation?
William R. Keeton, Federal Reserve Bank of Kansas City
Market-Based Deposit Insurance Premiums
Kathleen A. Kuester, Board of Governors of the Federal Reserve System
James M. O'Brien, Board of Governors of the Federal Reserve System
12:00 PM
III. Empirical Evidence on Moral Hazard
The Impact of Deposit Insurance on S&L Shareholders' Risk/Return Trade-offs
Elijah Brewer III, Federal Reserve Bank of Chicago
Deposit Insurance and Risk-Shifting Behavior at Commercial Banks
Jin-Chuan Duan, McGill University
Arthur F. Moreau, McGill University
C. W. Sealey, McGill University
2:00 PM
IV. Economies of Scale
Economies of Scale
Neil B. Murphy, Virginia Commonwealth University
Cost Economies and Allocative Efficiency of Large U.S. Commercial Banks
Douglas D. Evanoff, Federal Reserve Bank of Chicago
Philip R. Israilevich, Federal Reserve Bank of Chicago
The Costs of Traditional and Nontraditional Banking
Loretta J. Mester, Federal Reserve Bank of Philadelphia
Thursday, 05/09/91
8:00 AM
V. Pricing Financial Instruments
Pricing Financial Instruments
James T. Moser, Federal Reserve Bank of Chicago
Valuing Default-Risky Interest Rate Caps: A Monte Carlo Approach
Peter A. Abken, Federal Reserve Bank of Atlanta
Creating Contingent Liabilities: Master Craftsmanship in Financial Engineering
Andrew H. Chen, Southern Methodist University
John W. Kensinger, University of Texas
10:00 AM
VI. Innovations in Financial Markets
Innovations in Financial Markets
Douglas D. Evanoff, Federal Reserve Bank of Chicago
Automated Trade Execution Systems
Ian Domowitz, Northwestern University
Innovations in Clearing Arrangements: A Framework for Analysis
Patrick M. Parkinson, Board of Governors of the Federal Reserve System
12:00 PM
VII. The Superregional Challenge
The Superregional Banking Challenge: Some Critical Issues
Larry A. Frieder, Florida A&M University
Banking in the 90s—The Superregional Challenge
Charles T. Fisher III, NBD Bancorp, Inc.
Domestic and International Challenges of the 1990s for U.S. Bank Holding Companies
Dennis C. Bottorff, Sovran Financial Corporation
The 1990s: A View Ahead for Superregional Banking
John B. McCoy, Banc One Corporation
The Superregional Challenge
O. Jay Tomson, Citizens National Bank
2:30 PM
VIII. FIRREA: Implications for the U.S. Financial System
Post-FIRREA: The Need to Reform the Federal Deposit
James R. Barth, Auburn University
FIRREA: Implications for the U.S. Financial System
Bert Ely, Ely & Company, Inc.
The Value of the Thrift Franchise
Gary G. Gilbert, U.S. League of Savings Institutions
Never Again: The S&L Bailout Bill
Kenneth E. Scott, Stanford University
The Current Manifestation of the Long Term Restructuring of the Financial Services Industry
Leonard S. Simon, Rochester Community Savings Bank
Friday, 05/10/91
8:00 AM
IX. The Future Role of Commercial Banks in Commercial Lending
The Role of Nonbanks in Commercial Lending
Rafael Scolari, Allstate Insurance Company
The Loan Asset Sales Market, What Lies Ahead?
Christopher L. Snyder, Jr., Loan Pricing Corporation
The Future Role of Commercial Banks in Commercial Lending
Michael Woodhead, Continental Bank, N.A.
10:00 AM
X. Interstate Acquisitions
Interstate Banking
David Van L. Taylor, Bank Administration Institute
Competitive Effects of Interstate Banking: The Impact on Bank Acquisition Markets
J. Amanda Adkisson, Sam Houston State University
Donald R. Fraser, Texas A&M University
A Consolidation Framework for Bank Merger Pricing
Larry A. Frieder, Florida A&M University
Phillip N. Petty, Federal Home Loan Bank
The Consequences of Interstate Banking Deregulation for Competition, the Structure of Service Markets and the Performance of Interstate Financial-Services Firms
Peter S. Rose, Texas A&M University
12:00 PM
XI. Japanese Banks: Emerging Gobal Competitors
The Evolution of Japanese Banking: Isolation to Globalization
Thomas F. Cargill, University of Nevada–Reno
Shoichi Royama, Osaka University
Capital Positions of Japanese Banks
Edward J. Kane, Ohio State University
Haluk Ünal, University of Maryland
Asli Demirgüç-Kunt, The World Bank
The Cost of Capital for Banks in International Competition
Robert N. McCauley, Federal Reserve Bank of New York
Steven A. Zimmer, Federal Reserve Bank of New York
2:00 PM
XII. Europe
Financial Structure in a Changing Regulatory Environment
Forrest H. Capie, City University Business School, London
Geoffrey E. Wood, City University Business School, London
EC 1992—The Financial Competitiveness Implications
Robert H. Dugger, University of Southwestern Louisiana
Robert W. Strand, American Bankers Association
Cynthia A. Glassman, Furash & Company
Charles F. Haywood, University of Kentucky
3:00 PM
XIII. Globalization and Public Policy
Remarks on Globalization and Public Policy
Richard L. Thomas, First Chicago Corporation
Futures in the Nineties: Confronting Globalization
William J. Brodsky, Chicago Mercantile Exchange
Globalization of Markets
Stephen H. Axilrod, Nikko Securities Company International, Inc.
Regulation in a Global Market Context
Edward J. Kane, Ohio State University

 

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
05/08/91  - 05/10/91
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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