The 22nd 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.


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05/14/86
12:00 AM
I. Invited Speakers
Competitive Inequities in the Financial Markets
William M Isaac, The Secura Group
Maintaining Comparative Advantage in an Information Society
Walter B Winston, Citicorp Center
12:00 AM
II. Bank Failures and Public Policy
Bert Ely, Ely & Company, Inc.
The Big Bust: The 1930–33 Banking Collapse—Its Causes, Its Lessons
Capitalization, Off-Balance-Sheet Liabilities, and the Cost of Bank Failures
Richard W Nelson, State University of New York
Sherrill Shaffer, State University of New York
12:00 AM
III. The Encouragement of Market Discipline in Banking
Market Discipline in Regulating Risk: New Evidence from the Capital Markets
, Board of Governors of the Federal Reserve System
Terrence M Belton, Board of Governors of the Federal Reserve System
Michael A Goldberg, Federal National Mortgage Association
Herbert L Baer, Federal Reserve Bank of Chicago
The Effect of Bank Risk on the Price and Availability of Uninsured Deposits
Elijah Brewer III, Federal Reserve Bank of Chicago
, Clemson University
The Wealth Effects of Regulatory Intervention Surrounding the Bailout of Continental Illinois
James R Scott, University of Arkansas
, University of Georgia
12:00 AM
IV. Acquisitions and Competitive Behavior
Is Board Composition a Substitute for an Active Takeover Market in Banking?
James Brickley, University of Rochester
Christopher James, University of Oregon
Gary Whalen, Federal Reserve Bank of Cleveland
Rival Stock Price Reactions to Large BHC Acquisition Announcements: Evidence of Linked Oligopoly?
Richard L Mugel, Federal Reserve Bank of Cleveland
Loretta J Mester, Federal Reserve Bank of Philadelphia
The Effects of Multi-Market Contact on Savings and Loan Behavior
12:00 AM
V. Corporate Separateness and Bank Holding Companies
An Analysis of the Concept of Corporate Separateness in BHC Regulation from an Economic Perspective
Anthony Cornyn, Board of Governors of the Federal Reserve System
Gerald Hanweck, Board of Governors of the Federal Reserve System
Stephen Rhoades, Board of Governors of the Federal Reserve System
John Rose, Baylor University
Contagious Bank Runs, Financial Structure, and Corporate Separateness within a Bank Holding Company
Mark J Flannery, University of North Carolina
12:00 AM
VI. Risk in Banking: Three Perspectives
Banking Risk in Historical Perspective
George G Kaufman, Loyola University
George J Vojta, Bankers Trust Company
Risk from a Banker's Viewpoint
Banking Risk and the Investor
, Keefe, Bruyette & Woods
12:00 AM
VII. Risk-Based Insurance Premiums and Capital Rules
Developing a Risk-Related Premium Structure for Deposit Insurance
Eric Hirschhorn, Federal Deposit Insurance Corporation
A Risk-Based Capital Adequacy Rule: The Futures Industry Perspective
Paul Burik, Chicago Mercantile Exchange
Deposit Insurance, Capital Regulation, and Bank Risk
Evelyn F Carroll, Federal Reserve Bank of Minneapolis
Nick A Kalambokidis, Federal Reserve Bank of Minneapolis
Jane A G Kise, Federal Reserve Bank of Minneapolis
12:00 AM
VIII. The Measurement of Banking Risk—Market Value Accounting
Current Value Accounting: Feasibility for Financial Institutions
David Lereah, Sovran Bank
Dennis E Bennett, Federal Home Loan Bank of Chicago
Estimating Portfolio Net Worth Values and Interest Rate Risk in Savings Institutions
Roger D Lundstrom, Federal Home Loan Bank of Chicago
Donald G Simonson, University of Oklahoma
Edward J Kane, Ohio State University
Valuing Conjectural Government Guarantees of FNMA Liabilities
Chester Foster, Federal Home Loan Mortgage Corporation
12:00 AM
IX. The Measurement of Banking Risk—Bank Off-Balance-Sheet Activities
James Chessen, Federal Deposit Insurance Corporation
Off-Balance-Sheet Activity: A Growing Concern?
An Empirical Analysis of Standby Letters of Credit
, Board of Governors of the Federal Reserve System
Allen N Berger, Board of Governors of the Federal Reserve System
Elijah Brewer III, Federal Reserve Bank of Chicago
The Market Perception of Bank Off-Balance-Sheet Activities
Gary D Koppenhaver, Federal Reserve Bank of Chicago
Donald H Wilson, Federal Reserve Bank of Chicago
Credit Lines for New Instruments: Swaps, Over-the-Counter Options, Forwards, and Floor–Ceiling Agreements
Marcelle Arak, Citicorp Investment Bank
Laurie S Goodman, Citicorp Investment Bank
Arthur Rones, Citicorp Investment Bank
12:00 AM
X. Regulation of Asset Sales, Futures, and Interest Rate Swaps
Interest Rate Swaps
Owen Carney, Office of the Comptroller of the Currency
Joseph Lenchner, Crédit Agricole
Regulation of Asset Sales, Futures, and Interest Rate Swaps
Robert Wilmouth, National Futures Association
The Regulation of Futures
12:00 AM
XI. Bank Management in Today's Environment: Alternative Banking Strategies
Strategic Niche and the Profitability of Banking
S Wayne Passmore, Federal Reserve Bank of New York
Effective Utilization of a Bank Holding Company
Stanley M Huggins, Borod & Huggins
Franchising: The Alliance Alternative
John C Dean, First Interstate System
12:00 AM
XII. Bank Management in Today's Environment: The Use of Economic Models in Banking
David A Walker, Georgetown University
The Importance of Economic Tools for Decision-Making in Large Banks
Stephen D Smith, Georgia Institute of Technology
Comments on "The Importance of Economic Tools for Decision-Making in Large Banks"
George W McKinney, University of Virginia
Roy E Moor, First National Bank of Chicago
The Use of Economic Models in Banking
Clare W Zempel, First Wisconsin Corporation
The Importance of Economic Tools for Decision-Making in Large Banks: Comments
12:00 AM
XIII. Recent Developments in Banking: Interstate Mergers and Acquisitions
Interstate Mergers and Acquisitions
Larry A Frieder, Florida A&M University
Timothy H Hannan, Board of Governors of the Federal Reserve System
Larry A Frieder, Florida A&M University
The Role of Border States in the Interstate Landscape: Forecast and Implications
David Phillis, Federal Reserve Bank of Chicago
Interstate Banking Game Plans
Christine Pavel, Federal Reserve Bank of Chicago
Geoffrey P Miller, University of Chicago
Public Policy Implications of Legislation Limiting the Growth of Interstate Banks
Peter C Carstensen, University of Wisconsin–Madison
Public Policy toward Interstate Bank Mergers: The Case for Concern
12:00 AM
XIV. Recent Developments in Banking: Deregulation and the Performance of the Banking Industry
Declining Profitability at Small Commercial Banks: A Temporary Development or a Secular Trend?
Lynn A Nejezchleb, Federal Deposit Insurance Corporation
Donald M Brown, Northern Illinois University
The Effect of Multi-Bank Holding Companies on Bank Funds
, Northern Illinois University
Douglas D Evanoff, Federal Reserve Bank of Chicago
Geographic Deregulation of Banking: An Analysis of the Impact
Diana L Fortier, Federal Reserve Bank of Chicago

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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