The 36th 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 The (Declining) Role of Banking.


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05/04/94
12:00 AM
I. Special Addresses
  • Optimal Bank Supervision in a Changing World
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
  • Supervising an Evolving Industry
Eugene A Ludwig, Comptroller of the Currency
12:00 AM
II. The (Declining?) Role of Banking
  • Has Banking Declined?
Silas Keehn, Federal Reserve Bank of Chicago
  • Comments on The (Declining?) Role of Banking
Carter H Golembe, CHG Consulting
  • Banks Are Obsolete—And Who Cares?
Edward E Furash, Furash & Company
  • The Relative Decline of Banking: Should We Care?
Robert E Litan, U.S. Department of Justice
  • Insights on the Parallel Banking Industry
William E Odom, Ford Motor Credit Company
12:00 AM
III. Public Policy Implications of the Decline of Banking
  • Will the Alleged Decline of Banking Affect CRA?
Lawrence B Lindsey, Board of Governors of the Federal Reserve System
  • The Decline of Commercial Banking: Implications for Monetary Policy
Benjamin M Friedman, Harvard University
  • Financial Instability and the Decline (?) of Banking: Public Policy Implications
Hyman P Minsky, Jerome Levy Institute, Bard College
  • The Implications of "Banking's Decline" for Safety and Soundness Regulation
Mark J Flannery, University of Florida
12:00 AM
IV. Bank Strategies for Survival and Success
  • Selecting a Strategy for Success
Richard M Kovacevich, Norwest Corporation
  • Bank Strategies for Survival and Success
John B McCoy, Banc One Corporation
  • Strategic Focus in Banking
Thomas C Theobald, Continental Bank, N.A.
05/05/94
12:00 AM
V. The Viability of Banking
  • Are Banks Dead? Or, Are the Reports Greatly Exaggerated?
John H Boyd, Federal Reserve Bank of Minneapolis
Mark Gertler, New York University
  • Will Banking Be Profitable in the Long Run?
Mark E Levonian, Federal Reserve Bank of San Francisco
  • Inferring Viability of the U.S. Banking Industry from Shifts in Conduct and Excess Capacity
Sherrill Shaffer, Federal Reserve Bank of Philadelphia
  • Bottomline Banking: Regaining the Lost Paradigm
Larry A Frieder, Florida A & M University
, Shawmut National Corporation
12:00 AM
VI. The Effect of Derivatives on Banking Activities
  • The Derivatives Activities of U.S. Commercial Banks
, University of Georgia
David Carter, University of Georgia
  • An Evaluation of the Effects of Accounting Rules on Interest Rate Risk Management in the Savings and Loan Industry
Catherine Schrand, University of Chicago
  • The Effect of Bank-Held Derivatives on Credit Accessibility
Elijah Brewer III, University of Illinois at Urbana-Champaign
Bernadette A Minton, Federal Reserve Bank of Chicago
James T Moser, Federal Reserve Bank of Chicago
12:00 AM
VII. Regulatory Performance
  • Federal Reserve Lending to Banks That Failed: Implications for the Bank Insurance Fund
R Alton Gilbert, Federal Reserve Bank of St. Louis
  • How Much Did Capital Forbearance Add to the Tab for the FSLIC Mess?
Edward J Kane, Boston College
Min-Teh Yu, National Central University
  • Dividend Behavior of Financially Distressed Savings Institutions
Randall S Kroszner, University of Chicago
Philip E Strahan, Federal Reserve Bank of New York
12:00 AM
VIII. Regulatory Reform Proposals
  • The Implications of Financial Cycles for Subordinated Debt Proposals
Richard E Randall, Federal Reserve Bank of Boston
  • The Parallel Banking System
Jane W D'Arista, Boston University
Tom Schlesinger, Southern Finance Project
  • Corporate Finance, Market Discipline and Bank Supervision
Mark J Flannery, University of Florida
05/06/94
12:00 AM
IX. Loan Market Innovations
  • Loan Market Competition between Foreign and U.S. Banks: Some Facts about Loans and Borrowers
Charles Calomiris, University of Illinois at Urbana–Champaign
Mark Carey, Board of Governors of the Federal Reserve System
  • The Emerging Source of Small Business Finance
Cynthia A Glassman, Furash & Company
  • Evidence on the Relationship between Regional Economic Conditions and Loan Sales Activity
Rebecca S Demsetz, Federal Reserve Bank of New York
12:00 AM
X. Risk and Bank Capital Standards
  • Beyond Traditional Credit Risk: Capital Standards for Market Risks
Mark E Levonian, Federal Reserve Bank of San Francisco
  • Estimating the Interest Rate Sensitivity of Liquid Retail Deposit Values
James O'Brien, Board of Governors of the Federal Reserve System
Athanasios Orphanides, Board of Governors of the Federal Reserve System
David Small, Board of Governors of the Federal Reserve System
  • Banks' Exposure to Interest Rate Risk and Capital Adequacy: An Appraisal of the Federal Banking Agencies' Approach
Gerald A Hanweck, George Mason University
Bernard Shull, City University of New York, Hunter College
12:00 AM
XI. Objectives of Bank Management
  • Discussion of "Objectives of Bank Management"
James B Thomson, Federal Reserve Bank of Cleveland
  • Alternative Methods of Corporate Control in Commercial Banks
Stephen Prowse, Board of Governors of the Federal Reserve System
  • Evidence on the Objectives of Bank Managers
Joseph P Hughes, Rutgers University
Loretta J Mester, Federal Reserve Bank of Philadelphia
  • Fee-Based Services and Cost Efficiency in Commercial Banks
Robert DeYoung, Office of the Comptroller of the Currency
12:00 AM
XII. The Role of Intermediation in Community Development
  • Financial Intermediation and Development Lending: The Foreign Experience and Implications for the U.S.
Aruna Srinivasan, Federal Reserve Bank of Atlanta
  • Community Development Banking and Financial Institutions Act: A Critique with Recommendations
Robert M Townsend, University of Chicago
12:00 AM
XIII. Bank Uniqueness
  • The Certification Value of Bank Loans
Simon H Kwan, University of Arizona
  • Reduced Form Evidence on the Substitutability between Bank and Nonbank Loans
Sean Becketti, CS First Boston
Charles Morris, Federal Reserve Bank of Kansas City
  • Lines of Credit and Relationship Lending in Small Firm Finance
Allen N Berger, Board of Governors of the Federal Reserve System
Gregory F Udell, New York University
12:00 AM
XIV. Market Information Dissemination
  • Discussion of "Market Information Dissemination"
Harold A Black, University of Tennessee
  • The Intra-Industry Effects of Bank Bond Rating Changes
Robert Schweitzer, University of Delaware
Samuel H Szewczyk, Drexel University
Raj Varma, University of Delaware
  • The Information Content of Bank Examinations
Allen N Berger, Board of Governors of the Federal Reserve System
Sally M Davies, Board of Governors of the Federal Reserve System
  • Conditional Risk and Return in Bank Holding Company Stocks: A Factor-GARCH Approach
Jonathan A Neuberger, Federal Reserve Bank of San Francisco

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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