The 15th 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, 05/03/79
8:00 AM
I. Topics in Bank Supervision
Identifying Problem Banks
Mark J. Flannery, University of Pennsylvania
Jack M. Guttentag, University of Pennsylvania
Federal and State Supervision of Bank Holding Companies: Some Proposals for Change
Bernard Shull, Hunter College of City University of New York
On the Cost of Double Supervision for Insured State Chartered Banks and the Implications for the Impact of Solutions to the Federal Reserve Membership Problem on the Dual Banking System
Randall J. Miller, Federal Deposit Insurance Corporation
Comment on Miller and Shull
Robert Richard, Conference of State Bank Supervisors
10:00 AM
II. Panel Discussion of the Community Reinvestment Act
Comments on the Community Reinvestment Act
George J. Benston, University of Rochester
The Community Reinvestment Act: Some Impressions
Gregory E. Boczar, Board of Governors of the Federal Reserve System
The Challenge of CRA
Calvin Bradford, Hubert Humphrey Institute at the University of Minnesota
The CRA: A Community Perspective
Gale Cincotta, National People's Action
A Lawyer Looks at the Community Reinvestment Act
Richard B. Foster, Jr., Foster, Swift, Collins & Coey, P.C.
Potential Benefits for the Community Reinvestment Act
Harold C. Nathan, Comptroller of the Currency
Community Reinvestment Act
B. B. Taylor, Jr., United Virginia Bankshares
1:00 PM
III. Risk in Banking
Risk in Banking and Its Determinants: An Empirical Assessment
Richard W. Nelson, Federal Reserve Bank of New York
New Evidence on the Accuracy of Bank Examiner Loan Criticisms: An Intertemporal Cross-Section Analysis
Hsui-Kwang Wu, University of Alabama
The Eligibility of Commercial Banks to Underwrite All Municipal Revenue Issues and the Cost of Borrowing
G. O. Bierwag, University of Oregon
Michael Hopewell, University of Oregon
George G. Kaufman, University of Oregon
2:00 PM
IV. Panel Discussion on Pricing of Federal Reserve Services
Pricing of Federal Reserve Services — Introductory Remarks
Robert W. Eisenmenger, Federal Reserve Bank of Boston
Alternative Frameworks for Analyzing the Pricing of Federal Reserve Services
James Brundy, Board of Governors of the Federal Reserve System
The Pricing of Fed Services: Some Thoughts on the PACS Cost System and Its Use as a Basis for Pricing Services
Harry P. Guenther, Georgetown University
The Pricing of Federal Reserve Services
Paul M. Horvitz, University of Houston
Pricing of Federal Reserve Services
P. Michael Laub, American Bankers Association
Pricing of Federal Reserve Services: Some Basic Questions
Wayne B. Lewin, Bank Administration Institute
4:00 PM
V. Multi-Office Banking
The Effect of Branch Banking on Pricing, Profits and Efficiency of Unit Banks
Donald T. Savage, Board of Governors of the Federal Reserve System
Stephen A. Rhoades, Board of Governors of the Federal Reserve System
Concentration in Local Banking Markets: Efficiency or Collusion?
Roger E. Alcaly, Federal Reserve Bank of New York
Samuel Taddesse, Federal Reserve Bank of New York
Steven R. Weisbrod, Federal Reserve Bank of New York
Chain Banking and Market Structure in Rural Banking Markets
James M. Harvey, Federal Reserve Bank of Kansas City
Economic Necessity for Interstate Banking
Alan E. Grunewald, Michigan State University
Implications of the International Banking Act of 1978 for Competition in Banking
Neil J. Pinsky, Federal Reserve Bank of Chicago
Proposed Regulation K for Edge Act Corporations and U.S. Banking Structure
Oscar R. Goodman, Roosevelt University
Friday, 05/04/79
8:00 AM
VI. Research in Progress
Minority Bank Membership in the Federal Reserve System: An Analysis of De Novo Minority Banks, 1970–75
Milton Esbitt, Rosary College
A General Equilibrium Model for Assessing the Impact of Financial Institution Structural Changes
John M. Finkelstein, Indiana University
Wayne Y. Lee, Indiana University
Young-Jin Kim, Bowling Green State University
Microeconomics and Regulatory Implicatons of Holding Company and Affiliate Bank Relationships
Larry A. Frieder, Florida A&M University
Vincent P. Apilado, Arizona State University
Research at the FDIC
Gary G. Gilbert, Federal Deposit Insurance Corporation
Compensating Balances, Lines of Credit and the Role of Interest Rate Ceilings on Deposits
Christopher James, University of Oregon
The Bank Entry Process
Lionel Kalish, California State University, Fullerton
Robert Michaels, California State University, Fullerton
Some Implications of Interest Payment on Reserves for Monetary Control
Richard L. Peterson, Purdue University
Bank and Non-Bank Competition in Local Consumer Financial Markets
Richard L. Peterson, Purdue University
David S. Kidwell, Office of the Comptroller of the Currency
Research at the Office of the Comptroller of the Currency
Dominant Firms and Local Market Competition in Banking
Stephen A. Rhoades, Board of Governors of the Federal Reserve System
The Expense-Preference Hypothesis: An Empirical Test
Stephen A. Rhoades, Board of Governors of the Federal Reserve System
Geographic Diversification, Organizational Form and Risk in Bank-Affiliated Mortgage Companies
John T. Rose, Board of Governors of the Federal Reserve System
Roger D. Rutz, Board of Governors of the Federal Reserve System
The Financial Performance of Minority-Owned Business Firms: Perspectives for the Community Reinvestment Act
William L. Scott, Board of Governors of the Federal Reserve System
Antonio Furino, University of Texas at San Antonio
Eugene Rodriguez, University of Texas at San Antonio
The Use of Multiple Discriminant Analysis in Analyzing Consumer Loan Applications
George M. Wagner, Indiana University–Purdue University at Fort Wayne
Alan K. Reichert, Indiana University–Purdue University at Fort Wayne
Chien-Ching Cho, Indiana University–Purdue University at Fort Wayne
