The 24th 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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05/11/88
12:00 AM
I. Special Addresses
  • An Overview of Financial Restructuring
Alan Greenspan, Board of Governors of the Federal Reserve System
  • The First Law of Restructuring
Barry F Sullivan, First National Bank of Chicago
  • A Bank by Any Other Name ...
, Chase Manhattan Corporation
12:00 AM
II. Systemic Risk and Financial Restructuring
  • The Effects of Regulation on Systemic Risks
Anna J Schwartz, National Bureau of Economic Research
  • Systemic Risk and Financial Restructuring
William Taylor, Board of Governors of the Federal Reserve System
12:00 AM
III. Lessons from October 19, 1987
  • Remarks for the Panel "Lessons from October 19, 1987"
, Board of Governors of the Federal Reserve System
  • Lessons from The Crash of '87: Systemic Issues
Gillian Garcia, U.S. Senate Banking Committee
  • Lessons from October 19th
Robert R Glauber, Harvard University
  • The Fact and the Fiction of October 19
Joseph A Grundfest, Securities and Exchange Commission
  • Margins and the Future of the Markets
Merton H Miller, University of Chicago
12:00 AM
IV. Risk-Based Capital and Deposit Insurance
  • Risk-Based Capital Adequacy Standards for a Sample of 43 Major Banks
Ehud I Ronn, University of Chicago
Avinash K Verma, University of Massachusetts
  • Bank Capital Regulation in the 1980s: Effective or Ineffective?
Michael C Keeley, Federal Reserve Bank of San Francisco
  • Capital Requirements and Optimal Bank Portfolios: A Reexamination
William P Osterberg, Federal Reserve Bank of Cleveland
James B Thomson, Federal Reserve Bank of Cleveland
12:00 AM
V. Historical Studies of Bank Failure and Crises
  • A Reexamination of the History of Bank Failures, Contagion and Banking P
R Alton Gilbert, Federal Reserve Bank of St. Louis
  • Contagion Effects and Banks Closed in the Free Banking Period
Iftekhar Hasan, University of Wisconsin
, University of Houston
12:00 AM
VI. Bank Risk-Taking
  • Parameter Variability, Event Studies and the Two-Index Model
Edward J Kane, Ohio State University
Haluk Ünal, Ohio State University
  • The Market's Evaluation of Bank Risk: A Methodological Approach
Gary Gorton, University of Pennsylvania
Anthony M Santomero, University of Pennsylvania
  • Ownership Structure, Deregulation and Bank Risk Taking
Anthony Saunders, New York University
Elizabeth Strock, Boston College
Nickolaos G Travlos, Boston College
12:00 AM
VII. Off-Balance-Sheet Activities
  • Off-Balance-Sheet Activities and the Underinvestment Problem in Banking
Christopher James, University of Oregon
, Board of Governors of the Federal Reserve System
  • An Analysis of Bank Hedging in Futures Markets
G D Koppenhaver, Federal Reserve Bank of Chicago
Roger Craine, University of California at Berkeley
  • Risk-Based Capital and Off-Balance-Sheet Activities
Robert B Avery, Board of Governors of the Federal Reserve System
Allen N Berger, Board of Governors of the Federal Reserve System
12:00 AM
VIII. Corporate Separateness
  • Corporate Separateness
Roger D Rutz, Board of Trade Clearing Corporation
  • Insulating Banks from Risks Run by Nonbank Affiliates
Samuel B Chase, Chase, Laub & Company
  • Insulation of Banking from Nonbanking: An Empirical Investigation
George E French, Federal Deposit Insurance Corporation
Eric Hirschhorn, Federal Home Loan Bank Board
  • Implementing a Fail-Proof Banking System
Robert J Lawrence, University of Missouri
Samuel H Talley, Banking Consultant
12:00 AM
IX. New Powers—Strategic Issues
  • Bank Securities Activities: Current Position and Future Prospects
, Loyola University Chicago and Federal Reserve Bank of Chicago
Larry R Mote, Federal Reserve Bank of Chicago
  • Economies of Scale and Scope in the Securities Industry: A Model Using Survey Data from New York Securities Firms
Lawrence G Goldberg, University of Miami
Gerald A Hanweck, George Mason University
Michael Keenan, New York University
Allan Young, Syracuse University
  • Relatedness in Financial Services
Eileen M Friars, The MAC Group
12:00 AM
X. Bank Risk—Recent Experience
  • Bank Failure: An Evaluation of the Factors Contributing to the Failure of National Banks
Fred C Graham, Office of the Comptroller of the Currency
James E Horner, Office of the Comptroller of the Currency
  • The International Debt Crisis and Bank Security Returns Surrounding Citicorp's Loan-Loss Reserve Decision of May 19, 1987
James J Musumeci, University of Georgia
, University of Georgia
  • Loan Loss Reserves and Stock Market Valuations of Financial Institutions
S Wayne Passmore, Federal Home Loan Bank Board
12:00 AM
XI. New Powers—Impact on Risk
  • The Profitability and Risk Effects of Allowing Bank Holding Companies to Merge with Other Financial Firms: A Simulation Study
John H Boyd, Federal Reserve Bank of Minneapolis
Stanley L Graham, Federal Reserve Bank of Minneapolis
  • Bank Securities Powers: Are There Diversification Gains?
, Board of Governors of the Federal Reserve System
12:00 AM
XII. Bank Risk—Regulatory Responses
  • Lessons of the Past and Prospects for the Future in Lender of Last Resort Theory
Walker F Todd, Federal Reserve Bank of Cleveland
  • Technology, Regulation and the Financial Services Industry in the Year 2000
Bert Ely, Ely & Company, Inc.
Robert A Eisenbeis, University of North Carolina at Chapel Hill
  • Prudential Supervision to Manage Systemic Vulnerability
Jack Guttentag, University of Pennsylvania
Richard Herring, University of Pennsylvania
12:00 AM
XIII. Financial Restructuring—Risk and Efficiency
  • Is Securities Brokerage the Future of Banking?
Donald J Crawford, Securities Industry Association
  • The Future of Banking: Are "Narrow" Banks the Answer?
Robert E Litan, Brookings Institution
  • Will Firewalls Reduce Risk?
S Waite Rawls, Continental Illinois Corporation
  • Financial Restructuring—Where Do We Go from Here?
Kenneth E Scott, Stanford University

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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