The 25th 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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05/03/89
12:00 AM
A Retrospective
George G Kaufman, Loyola University Chicago
The First Quarter Century of the Bank Structure Conference
Larry R Mote, Federal Reserve Bank of Chicago
Harvey Rosenblum, Federal Reserve Bank of Dallas
12:00 AM
I. Special Addresses
Banking System Risk: Charting a New Course
Silas Keehn, Federal Reserve Bank of Chicago
Carter H Golembe, The Secura Group
Government and Banking: Some Historical Perspectives on Present Problems
Altering Incentives in an Evolving Depository System: Safe Banking for the 1990s
, Board of Governors of the Federal Reserve System
Dennis Weatherstone, Morgan Guaranty Trust
Firewalls and the Structure of the Future
12:00 AM
II. The Condition of the Banking Industry
Bank Risk: A Status Report
Daryl R Leehaug, Duff and Phelps
Ben S Bernanke, Princeton University
Comments on Corporate Debt
Joseph A Manganello, Bankers Trust Company
The Real and Imaginary Risks of Leveraged Buyout Lending
12:00 AM
III. Deposit Insurance and Capital Requirements
Mark J Flannery, University of North Carolina
Pricing Deposit Insurance When the Insurer Measures Risk with Error
Deposit Insurance, Risk and Market Power in Banking
Michael C Keeley, Federal Reserve Bank of San Francisco
Larry D Wall, Federal Reserve Bank of Atlanta
Valuation Effects of New Capital Issues by Large Bank Holding Companies
Pamela P Peterson, Florida State University
12:00 AM
IV. Credit Risk
, Board of Governors of the Federal Reserve System
Collateral, Loan Quality and Bank Risk
, Board of Governors of the Federal Reserve System
Consequences of Going Private Buyouts for Public Debt and Preferred Stock: 1974–1985
Laurentius Marais, University of Chicago
Katherine Schipper, University of Chicago
Abbie Smith, University of Chicago
12:00 AM
V. Historical Evidence on the Role of Deposit Insurance and the Lender of Last Resort
David C Wheelock, University of Texas at Austin
The Fed's Failure to Act as Lender of Last Resort during the Great Depression, 1929–1933
Michael D Bordo, University of South Carolina
The Lender of Last Resort: Some Historical Insights
Charles W Calomiris, Northwestern University and the Federal Reserve Bank of Chicago
Success and Failure in Pre–Depression Bank Liability Insurance
Lawrence Kryzanowski, Concordia University
The Performance of the Canadian Banking System, 1920–1940
, Dalhousie University
12:00 AM
VI. The New Financial History—What We Shouldn't Have Learned from Past Financial Crises
Gary Gorton, The Wharton School
Public Policy and the Evolution of Banking Markets
Arthur J Rolnick, Federal Reserve Bank of Minneapolis
Taking a New Look at Some Old Banking Lessons
Commercial Banks and Securities Markets: Lessons of the 1920s and 1930s for the 1980s and 1990s
Eugene N White, Rutgers University
12:00 AM
VII. Investment Banking
Going Public: The Advantages of Using an Investment Banker's Premarketing Se
Lawrence M Benveniste, Boston College
, Board of Governors of the Federal Reserve System
Raiders, Junk Bonds and Risk
Roger Craine, University of California at Berkeley
Roger Craine, University of California at Berkeley
12:00 AM
VIII. Future Challenges for Regulation
Implications of the Texas Experience for Financial Regulation
Paul M Horvitz, University of Houston
Ingo Walter, New York University
Investment Banking in Europe after 1992
Roy C Smith, New York University
Kenneth R Cone, Chicago Mercantile Exchange
The Globalization of Trading and Its Implications for Financial System Risk
James Annable, First National Bank of Chicago
The Changing Regulatory Environment: A Critique
12:00 AM
IX. The Thrift Industry
James R Barth, Federal Home Loan Bank Board
Moral Hazard and the Thrift Crisis: An Analysis of 1988 Resolutions
, Federal Home Loan Bank Board
Carol J Labich, Federal Home Loan Bank Board
Andrew S Carron, First Boston Corporation
The Future of Thrifts in the Mortgage Market
R Dan Brumbaugh, Stanford University
12:00 AM
X. Diversification and Risk
Elijah Brewer III, Federal Reserve Bank of Chicago
The Risk of Existing Nonbank Activities
Pooling Intensifies Joint Failure Risk: Abstract
, Federal Reserve Bank of Philadelphia
12:00 AM
XI. Bank Failures and Failure Resolution
Assessing the Risk of Bank Failure
Gregory R Gajewski, U. S. Department of Agriculture
Rebel A Cole, Federal Reserve Bank of Dallas
Value Creation and Excess Returns in FSLIC-Assisted Acquisitions of Troubled Th
Robert A Eisenbeis, University of North Carolina at Chapel Hill
Asset Disposition in Bank Failures: Theory and Pra
John F Bovenzi, Federal Deposit Insurance Corporation
George E French, Federal Deposit Insurance Corporation
Arthur J Murton, Federal Deposit Insurance Corporation
12:00 AM
XII. Market Value Accounting
Opening Remarks for the Panel Discussion: "Market Value Accounting"
S Waite Rawls III, Continental Bank Corporation
Donald G Simonson, University of New Mexico
Historical Perspectives in Accounting for Financial Institutions' Perfo
George H Hempel, Southern Methodist University
Allen N Berger, Board of Governors of the Federal Reserve System
Some Red Flags Concerning Market Value Accounting
, Board of Governors of the Federal Reserve System
James M O'Brien, Board of Governors of the Federal Reserve System
George J Benston, Emory University
Market Value Accounting: Benefits, Costs and Incentives
12:00 AM
XIII. Policy Recommendations for Controlling Risk
John P LaWare, Board of Governors of the Federal Reserve System
Remarks for the Panel on Policy Recommendations for Controlling Risk
Federal Reserve Bank of Chicago Panel: Policy Recommendations for Controlling Risk
Thomas C Theobald, Continental Bank Corporation
Lawrence J White, Federal Home Loan Bank
The Reform of Federal Deposit Insurance

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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