The 29th 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. This year's theme was FDICIA: An Appraisal—Renaissance, Requiem or Just Another Acronym?


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05/05/93
12:00 AM
I. Special Addresses
  • FDICIA and the Future of Banking Law and Regulation
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
  • Back to the Basics
John G Heimann, Merrill Lynch Capital Markets
  • Dangers of a Bifurcating Bank System
Edward J Kane, Boston College
  • The Outlook for Banking: Is the Crisis Over?
George M Salem, Prudential-Bache Securities
  • The Banking Crisis in Perspective
L William Seidman, CNBC
12:00 AM
II. Systemic Risk
  • Comments on Systemic Risk
Malcolm P Basing, Swiss Bank Corporation, Canada
  • The Role of Regulation in System Stability
Wendy L Gramm, Commodity Futures Trading Commission
  • Swaps and Systemic Risk in Interbank Markets
Merton H Miller, University of Chicago
  • Systemic Risk in Interbank Markets
12:00 AM
III. Estimating BIF Losses
  • Estimating BIF Losses: A Discussion of Various Methods
Philip F Bartholomew, Congressional Budget Office
Thomas J Lutton, Congressional Budget Office
  • Estimating BIF Losses: Secrets to Accurate Forecasting
Bert Ely, Ely & Company, Inc.
  • BIF Loss Exposure: A Simple Actuarial Approach
George E French, Federal Deposit Insurance Corporation
12:00 AM
IV. The Response of Banks to Capital Shocks
  • Risk-Based Capital and Bank Growth
Herbert L Baer, Federal Reserve Bank of Chicago
John N McElravey, Federal Reserve Bank of Chicago
  • Domestic and International Capital Standards and Bank Assets
Diana Hancock, Board of Governors of the Federal Reserve System
James A Wilcox, University of California, Berkeley
  • Impact of Capital Requirements on the Behavior of Banks and Its Macroeconomic Implications: Japan's Experience
Ryoichi Shinagawa, Bank of Japan
05/06/93
12:00 AM
V. Risk-Taking by Banks
  • The Effect of Capital on Portfolio Risk at Life Insurance Companies
Elijah Brewer III, Federal Reserve Bank of Chicago
Thomas H Mondschean, DePaul University
Philip E Strahan, University of Chicago
  • Increased Risk-Taking versus Local Economic Conditions as Causes of Bank Failures
William R Emmons, Dartmouth College
  • Project Choice, Moral Hazard and Optimal Subsidiary Structure for Intermediaries
Charles M Kahn, University of Illinois at Urbana–Champaign
  • Rents, Regulation and Risk-Taking in the Banking Industry
Thomas H Noe, Georgia State University
Michael J Rebello, Georgia State University
Larry D Wall, Federal Reserve Bank of Atlanta
12:00 AM
VI. Bank Accounting Issues
  • The Importance of Accurate Bank Accounting under FDICIA
Allen N Berger, Board of Governors of the Federal Reserve System
  • Partial Market Value Accounting, Bank Capital Volatility and Bank Risk
Mark Carey, Board of Governors of the Federal Reserve System
  • Managerial Turnover and Discretionary Accounting Decisions in Banks with Concentrated Ownership
Drew Dahl, Utah State University
12:00 AM
VII. Bank Lending Practices
  • Bridge Financing, Delegated Monitoring and Corporate Policy
Andrew H Chen, Southern Methodist University
Mao-Wei Hung, McGill University
Sumon C Mazumdar, McGill University
  • Pricing Bank Loans
Gary Gorton, Wharton School of Business
James Kahn, University of Rochester
  • Loan Sales, Implicit Contracts and Bank Structure
Joseph G Haubrich, Federal Reserve Bank of Cleveland
James B Thomson, Federal Reserve Bank of Cleveland
  • Session on Corporate Lending: Discussion
Raghuram G Rajan, University of Chicago
  • Lender Consistency in Housing Credit Markets
Robert Avery, Cornell University
Patricia E Beeson, University of Pittsburgh
Mark S Sniderman, Federal Reserve Bank of Cleveland
  • The Role of Mortgage Banks in the Chicago Metropolitan Area
Constance R Dunham, U.S. Agency for International Development
12:00 AM
VIII. Bank Mergers
  • The Strategy of a Merger: Fleet and Bank of New England
Dwight B Crane, Harvard Business School
Jane C Linder, Polaroid Corporation
  • The Efficiency Effects of Bank Mergers: Rationale for a Case Study Approach and Preliminary Findings
Stephen A Rhoades, Board of Governors of the Federal Reserve System
05/07/93
12:00 AM
IX. Bank Closure Policy
  • Comments on Bank and Thrift Closure Policy
Robert A Eisenbeis, University of North Carolina at Chapel Hill
  • Capital Forbearance and Thrifts: An Ex Post Examination of Regulatory Gambling
Ramon P DeGennaro, University of Tennessee
James B Thomson, Federal Reserve Bank of Cleveland
  • A Moral Hazard Rationale for Early Closure in FDICIA
Raman Kumar, Virginia Polytechnic Institute
George Emir Morgan, Virginia Polytechnic Institute
  • A Theory of Optimal Forbearance
S Nagarajan, Columbia University
C W Sealey, McGill University
12:00 AM
X. Banking in the Global Market
  • The Banking Crises in the Scandinavian Countries
Sigbjørn Atle Berg, Norges Bank
  • Corporate–Finance Benefits from Universal Banking: Germany and the United States, 1870–1914
Charles W Calomiris, University of Illinois at Urbana–Champaign
  • Deposit Guarantees, Nonperforming Loans and the Postal Savings System in Japan
Thomas F Cargill, University of Nevada
  • Politics of Deposit Insurance Reform: The Case of Argentina
Geoffrey P Miller, University of Chicago
12:00 AM
XI. FDICIA: Renaissance or Requiem?
  • The Implications of FDICIA for Bank Management
Lawrence Connell, Society for Savings
  • Remarks on FDICIA
William M Isaac, The Secura Group
  • FDICIA: Renaissance or Requiem?
George G Kaufman, Loyola University Chicago
  • Remarks on FDICIA
Richard L Thomas, First Chicago Corporation
  • The Meaning of FDICIA
Harrison Young, Federal Deposit Insurance Corporation
12:00 AM
XII. Bank Regulation after FDICIA
  • New Private Sector Deposit Insurance
Warren G Heller, VERIBANC, Inc.
  • Remarks on Banking after FDICIA
Karen D Shaw, Institute for Strategy Development
  • An Empirical Analysis of Regulatory Compliance
Anjan V Thakor, Indiana University
Jess C Beltz, Indiana University

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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