The 26th 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


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05/08/91
12:00 AM
I. Special Addresses
  • Banking in the 21st Century
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
  • Strategies for Revitalizing the Banking Industry
A W Clausen, BankAmerica Corporation
  • The Future of the Banking Industry
George M Salem, Prudential-Bache Capital Funding
  • The Future of Banking: A Joint Venture
John P LaWare, Board of Governors of the Federal Reserve System
  • The Three "R's" of Banking
Eugene A Miller, Comerica Incorporated
  • Challenges to Banks for the Nineties and Beyond
Barry F Sullivan, First Chicago Corporation
12:00 AM
II. The Condition of the FDIC
  • The Condition of the Bank Insurance Fund: A View from Washington
Gillian Garcia, U.S. Senate, Banking Committee
  • Short and Long Snapshots of the U.S. Banking Industry
Robert E Litan, Brookings Institution
  • Assessing the Condition of the Bank Insurance Fund
Philip F Bartholomew, Congressional Budget Office
Thomas L Lutton, Congressional Budget Office
  • BIF: Still Solvent after All These Years?
John F Bovenzi, Federal Deposit Insurance Corporation
12:00 AM
III. Assessing Current Legislative Proposals for Deposit Insurance Reform
  • Comments on Deposit Insurance Reform
Thomas C Theobald, Continental Bank Corporation
  • ssecting Current Legislative Proposals for Deposit Insurance Reform
Edward J Kane, Ohio State University
  • Assessing the Current Legislative Proposals for Deposit Insurance
John C Dugan, U.S. Department of the Treasury
  • The Impact of Reform on Community Banks
Kenneth A Guenther, Independent Bankers Association of America
12:00 AM
IV. Moral Hazard and Franchise Value: Theory and Evidence
  • The Asset Flexibility Option and the Value of Deposit Insurance
Peter Ritchken, Case Western Reserve University
James Thomson, Federal Reserve Bank of Cleveland
Ramon DeGennaro, University of Tennessee
Anlong Li, Case Western Reserve University
  • Risk-Taking Behavior of Banking Firms
Simon H Kwan, University of Arizona
  • Empirically Assessing the Role of Moral Hazard in Increasing the Risk Exposure of Texas Banks
Jeffrey W Gunther, Federal Reserve Bank of Dallas
Kenneth J Robinson, Federal Reserve Bank of Dallas
  • Moral Hazard and Franchise Value: Theory and Evidence
Myron L Kwast, Board of Governors of the Federal Reserve System
12:00 AM
V. Managerial Incentives and Bank Performance
  • Executive Compensation and Corporate Performance: Evidence from Thrift Institutions
Rebel A Cole, Board of Governors of the Federal Reserve System
Hamid Mehran, Boston College
  • The Management Reward Structure and Risk-Taking Behavior of U.S. Commercial Banks
Helena M Mullins, University of Oregon
12:00 AM
VI. Behavior of Poorly Capitalized Banks
  • What Happens if Banks Are Closed "Early?"
Mark E Levonian, Federal Reserve Bank of San Francisco
  • Risk and Capitalization in Banking
Douglas McManus, Board of Governors of the Federal Reserve System
Richard Rosen, Board of Governors of the Federal Reserve System
  • Moral Hazard, Equity Issuance and Recoveries of Undercapitalized Banks
Drew Dahl, Utah State University
Michael F Spivey, Clemson University
  • Supervision of Undercapitalized Banks: Is There a Case for Change?
R Alton Gilbert, Federal Reserve Bank of St. Louis
  • Dealing with Poorly Capitalized Banks from the Perspective of the Deposit Insurance Agency
George J Benston, Emory University
12:00 AM
VII. Creditor Discipline
  • Standby Letters of Credit and Bank Capital: Evidence of Market Discipline
G D Koppenhaver, Iowa State University
Roger D Stover, Iowa State University
  • Subordinated Debt Market Information and the Pricing of Deposit Insurance
Carolin D Schellhorn, Northeastern University
Lewis J Spellman, University of Texas at Austin
  • Market Discipline in Banking
Allen N Berger, Board of Governors of the Federal Reserve System
12:00 AM
VIII. Bank Closure Policy: The Case for Early Intervention
  • Implementing Early Intervention
George G Kaufman, Loyola University and the Federal Reserve Bank of Chicago
  • Current Proposals for Early Intervention
Raymond Natter, U.S. Senate Committee on Banking
  • Early Intervention in the Securities Industry
Michael A Macchiaroli, U.S. Securities and Exchange Commission
  • Reforming Deposit Insurance: The Danish Case
Randall J Pozdena, Federal Reserve Bank of San Francisco
  • Early Intervention Practices in Canada
Ronald A McKinlay, Canada Deposit Insurance Corporation
12:00 AM
IX. FDIC Premiums
  • The Impact of Premium Rates and Rebates on the Solvency of the FDIC Reserve Fund: An Empirical Approach
Sherrill Shaffer, Federal Reserve Bank of Philadelphia
  • A Simple Approach to Better Deposit Insurance Pricing
Sarah B Kendall, Loyola University
Mark E Levonian, Federal Reserve Bank of San Francisco
12:00 AM
X. Market Value Accounting
  • How Market Value Accounting Would Affect Banks
David L Mengle, Federal Reserve Bank of Richmond
John R Walter, Federal Reserve Bank of Richmond
  • Market Value Accounting and Bank Income Volatility: Some evidence from the Investment Account
Jonathan Jones, U.S. Securities and Exchange Commission
Robert Nachtmann, U.S. Securities and Exchange Commission
Fred Phillips-Patrick, U.S. Securities and Exchange Commission
  • Deposit Premiums of Failed Banks: Implications for the Values of Deposits and Bank Franchises
James A Berkovec, Board of Governors of the Federal Reserve System
J Nellie Liang, Board of Governors of the Federal Reserve System
12:00 AM
XI. Future Bank Profitability
  • The Link between Merger Premiums and Subsequent Target Bank Risk
J Amanda Adkisson, Sam Houston State University
Donald R Fraser, Texas A&M University
  • Interstate Banking and Competition
Elizabeth S Laderman, Federal Reserve Bank of San Francisco
Randall J Pozdena, Federal Reserve Bank of San Francisco
  • Can Banks Profitably Fund Mortgages?
Wayne Passmore, Board of Governors of the Federal Reserve System
  • Deregulation and Profitability
Philip F Bartholomew, Congressional Budget Office
Larry R Mote, Congressional Budget Office
  • Remarks on Future Bank Profitability
Jonathan P Moynihan, First Manhattan Consulting Group

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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