The 16th 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, 05/01/80
8:00 AM
I.Implications of Increased Interest Rate Volatility
A Method for Empirically Assessing the Impact of Market Interest Rates on Intermediary Profitability
Mark J. Flannery, Federal Reserve Bank of Philadelphia
Interest Rate Volatility, Regulation Q and the Problems of Thrift Institutions
Harvey Rosenblum, Federal Reserve Bank of Chicago
Financial Disorder and Eurocurrency Markets
Jack Guttentag, University of Pennsylvania
Richard Herring, University of Pennsylvania
10:00 AM
II. Selected Papers
Spatial Microeconomics: Implications for the Relationship between Concentration of Ownership and Bank Performance
Bruce Benson, Pennsylvania State University
Entry into Local Banking Markets: California, 1884–1908
Roger C. Lister, Federal Home Loan Bank of San Francisco
11:00 AM
III. Applications of Modern Financial Theory
Bank Holding Company Diversification
John H. Boyd, Northwestern University
Gerald A. Hanweck, Board of Governors of the Federal Reserve System
Pipat Pithyachariyakul, Northwestern University
The Performance of Multi-Bank Holding Companies in Light of Valuation Theory and Financial Regulation
Larry A. Frieder, Florida A&M University
Vincent P. Apilado, University of Texas
A Model of Bank Reaction to Capital Supervision
Evelyn C. Fallek, Federal Reserve Bank of New York
2:00 PM
IV. Deposit Insurance Reform
Implicit and Explicit Prices of Deposit Insurance and the Bank Capital Decision
Stephen A. Buser, Ohio State University
Andrew H. Chen, Ohio State University
Edward J. Kane, Ohio State University
The Design of Deposit Insurance Contracts: Lessons from Product Liability Theory
Paul Burik, Board of Governors of the Federal Reserve System
Implications of Changes in the Effective Level of Deposit Insurance Coverage
Stanley C. Silverberg, Federal Deposit Insurance Corporation
Deposit Insurance: A Comparative Survey
Ian S. McCarthy, International Monetary Fund
Friday, 05/02/80
8:00 AM
V. Research in Progress
Senior Debt Securities Revisited
Douglas V. Austin, University of Toledo
Thomas J. Scampini, University of Toledo
Bank Holding Company Long-Term Debt: Is It Capital?
Gregory E. Boczar, Board of Governors of the Federal Reserve System
Research at the Board of Governors—Financial Studies Section
Paul Burik, Board of Governors of the Federal Reserve System
Monetary Targets, Interest Rate Volatility and the Exchange from Germany, the United Kingdom and the United States
William A. Delladar, Federal Reserve Bank of New York
Financial Innovation and Money Market Funds
Constance Dunham, Federal Reserve Bank of Boston
The Macroeconomic Consequences of Variable Rate Financial Instruments
John M. Finkelstein, Indiana University
Lawrence S. Davidson, Indiana University
Credit Rationing, Regulation and Financial Intermediation
John M. Finkelstein, Indiana University
Wayne Y. Lee, Indiana University
Ramesh K. S. Rao, Indiana University
Commercial Banks, Credit Unions and Regulatory Equity
Donald R. Fraser, Texas A&M University
Antitrust Regulation under the Bank Holding Company Act
Samuel H. Gane, Federal Reserve Bank of Minneapolis
Minnesota's Detached Facilities Law: Its Impact on Bank Structure and Performance
Stanley L. Graham, Federal Reserve Bank of Minneapolis
The Separation of Ownership and Control: An Analysis of Commercial Bank Behavior, 1972–77
Don Phillip Holdren, University of Nebraska
Loan Rate Indexation and the Allocation of Bank Credit
Christopher M. James, University of Oregon
Commercial Bank Participation and Market Segmentation in the Municipal Bond Market
David S. Kidwell, Texas Tech University
Timothy W. Koch, Texas Tech University
Research at the Office of the Comptroller of the Currency
William A. Longbrake, Office of the Comptroller of the Currency
An Examination of New Bank Deposit Forecasts
Terrence F. Martell, University of Alabama
Valuation of Controlling Shares in Closely Held Banks
Larry G. Meeker, Federal Reserve Bank of Kansas City
O. Maurice Joy, University of Kansas
Kenneth O. Cogger, University of Kansas
Credit Unions: Research and Analysis
Randall J. Miller, National Credit Union Administration
