The 11th 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.
Thursday, 05/01/75
8:00 AM
I. The Concept of Capital Adequacy
Bank Capital Adequacy
Stuart I. Greenbaum, Northwestern University
Robert A. Taggart, Northwestern University
An Approach to the Analysis of Bank Capital Adequacy
Larry B. Butler, Federal Reserve Bank of San Francisco
Optimal Capital Standards for the Banking Industry
Anthony M. Santomero, University of Pennsylvania
Ronald D. Watson, Federal Reserve Bank of Philadelphia
10:00 AM
II. Empirical Studies of Capital and Risk
Financial Structure and the Market Value of Bank Holding Company Equity
H. Prescott Beighley, Northwestern University
John H. Boyd, Northwestern University
Donald P. Jacobs, Northwestern University
Measuring Bank Soundness
Benjamin Wolkowitz, Board of Governors of the Federal Reserve System
Early Warning System: Some Preliminary Predictions of Problem Commercial Banks
Joseph F. Sinkey, Jr., Federal Deposit Insurance Corporation
The Misinterpretation of the Causes of the Banking Collapse of 1933 and Its Retarding Influence on Commercial on Commercial Banking Innovation
John J. Holland, Jr., Fordham University and Iona College
Risk in Foreign and Domestic Lending Activities of U.S. Banks
Fred B. Ruckdeschel, Board of Governors of the Federal Reserve System
Foreign Exchange Operations of U.S. Banks
Robert C. Bradshaw, Board of Governors of the Federal Reserve System
2:00 PM
III. Recent Developments and Policy Issues
Bank Holding Company Financing
Samul H. Talley, Board of Governors of the Federal Reserve System
Reflections on Bank Regulatory Structure and Large Bank Failures
Jack M. Guttentag, University of Pennsylvania
Suggestions for a Cash-Flow-Oriented Bank Examination
Hyman P. Minsky, Washington University
The Lender of Last Resort Facility in an International Context
Allen Frankel, Federal Reserve Bank of Chicago
Friday, 05/02/75
8:00 AM
IV. Research in Progress
A Macro-Theoretic Model for Optimizing the Structure of the Commercial Banking Industry
Vincent P. Apilado, Arizona State University
Martha S. Hollis, Arizona State University
Rate Ceiling Implication of the Cost Structure of Consumer Finance Companies
George J. Benston, University of Rochester
Capital Adequacy from the Viewpoint of Bank Management
Robert H. Cramer, University of Wisconsin
Multinational Banking: Some Theoretical, Welfare and Policy Considerations
James W. Dean, Simon Fraser University
Herbert G. Gruel, Simon Fraser University
Research at the FDIC
Robert A. Eisenbeis, Federal Deposit Insurance Corporation
Branch versus Unit Bank Behavior in a Branch Banking Environment
Donald R. Fraser, Texas A&M University
Peter S. Rose, Texas A&M University
Towards a Model of Deposit and Selling Effort Determination
Thomas Havrilesky, Duke University
Robert Schweitzer, Duke University
Bank Holding Company Asset Management and the Capital Adequacy Question
Rodney Johnson, Temple University
David Meinster, Temple University
Using Discriminant Analysis to Forecast Deterioration in Bank Summary Ratings: A Progress Report
Leon Korobow, Federal Reserve Bank of New York
David P. Stuhr, Rutgers University
Effects of Multibank Holding Company Acquisitions fo Rural Community Banks
Warren F. Lee, Ohio State University
Alan K. Reichert, Ohio State University
Large Bank Failure and Information Theory Concepts
Kurt Pany, University of Illinois
Lawrence Sherman, University of Illinois
Competitive Relationships among Commercial Banks and Thrift Institutions
John T. Scott, Harvard University
Business Risk and the Capitalization Rate on Bank Equities — A Summary
William L. Scott, Memphis State University
Convenience and Advantage Clauses as a Barrier to Bank Holding Company Entry in the Consumer Finance Industry
Steven A. Seelig, Federal Reserve Bank of New York
Entry: The Prologue to Deposit Ceilings
Lewis J. Spellman, University of Texas at Austin
Survey of the Operating Policies and Performance of Texas Multibank Holding Companies: Preliminary Finds
John R. Stodden, Federal Reserve Bank of Dallas
Research at the Federal Reserve Board
Donald P. Tucker, Board of Governors of the Federal Reserve System
The Effect of Acquisitions on Future Earnings of Bank Holding Companies
Walter Varvel, Federal Reserve Bank of Richmond
