The 28th 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


Back To Top
05/09/90
12:00 AM
I. Special Addresses
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
Subsidies and Powers in Commercial Banking
J Richard Fredericks, Montomery Securities
The Future Structure of the Financial Services Industry
Competitiveness and Safety Go Hand in Hand
Paul J Collins, Citicorp/Citibank
12:00 AM
II. Controlling Risk in Banking
Can Depository Institutions Be Regulated as if They Were Margin Accounts?
Roger Craine, University of California, Berkeley
Richard W Nelson, Federal Home Loan Bank
Risk-Based Deposit Insurance: Is Price Regulation Necessarily Better than Quantity Regulation?
William R Keeton, Federal Reserve Bank of Kansas City
Kathleen A Kuester, Board of Governors of the Federal Reserve System
Market-Based Deposit Insurance Premiums
James M O'Brien, Board of Governors of the Federal Reserve System
12:00 AM
III. Empirical Evidence on Moral Hazard
Elijah Brewer III, Federal Reserve Bank of Chicago
The Impact of Deposit Insurance on S&L Shareholders' Risk/Return Trade-offs
Deposit Insurance and Risk-Shifting Behavior at Commercial Banks
Jin-Chuan Duan, McGill University
Arthur F Moreau, McGill University
C W Sealey, McGill University
12:00 AM
IV. Economies of Scale
Economies of Scale
Neil B Murphy, Virginia Commonwealth University
Cost Economies and Allocative Efficiency of Large U.S. Commercial Banks
Douglas D Evanoff, Federal Reserve Bank of Chicago
Philip R Israilevich, Federal Reserve Bank of Chicago
Loretta J Mester, Federal Reserve Bank of Philadelphia
The Costs of Traditional and Nontraditional Banking
12:00 AM
V. Pricing Financial Instruments
James T Moser, Federal Reserve Bank of Chicago
Pricing Financial Instruments
Peter A Abken, Federal Reserve Bank of Atlanta
Valuing Default-Risky Interest Rate Caps: A Monte Carlo Approach
Andrew H Chen, Southern Methodist University
Creating Contingent Liabilities: Master Craftsmanship in Financial Engineering
John W Kensinger, University of Texas
12:00 AM
VI. Innovations in Financial Markets
Douglas D Evanoff, Federal Reserve Bank of Chicago
Innovations in Financial Markets
Automated Trade Execution Systems
Ian Domowitz, Northwestern University
Innovations in Clearing Arrangements: A Framework for Analysis
Patrick M Parkinson, Board of Governors of the Federal Reserve System
12:00 AM
VII. The Superregional Challenge
Larry A Frieder, Florida A&M University
The Superregional Banking Challenge: Some Critical Issues
Banking in the 90s—The Superregional Challenge
Charles T Fisher III, NBD Bancorp, Inc.
Dennis C Bottorff, Sovran Financial Corporation
Domestic and International Challenges of the 1990s for U.S. Bank Holding Companies
John B McCoy, Banc One Corporation
The 1990s: A View Ahead for Superregional Banking
O Jay Tomson, Citizens National Bank
The Superregional Challenge
12:00 AM
VIII. FIRREA: Implications for the U.S. Financial System
James R Barth, Auburn University
Post-FIRREA: The Need to Reform the Federal Deposit
Bert Ely, Ely & Company, Inc.
FIRREA: Implications for the U.S. Financial System
Gary G Gilbert, U.S. League of Savings Institutions
The Value of the Thrift Franchise
Kenneth E Scott, Stanford University
Never Again: The S&L Bailout Bill
Leonard S Simon, Rochester Community Savings Bank
The Current Manifestation of the Long Term Restructuring of the Financial Services Industry
12:00 AM
IX. The Future Role of Commercial Banks in Commercial Lending
Rafael Scolari, Allstate Insurance Company
The Role of Nonbanks in Commercial Lending
, Loan Pricing Corporation
The Loan Asset Sales Market, What Lies Ahead?
Michael Woodhead, Continental Bank, N.A.
The Future Role of Commercial Banks in Commercial Lending
12:00 AM
X. Interstate Acquisitions
David Van L Taylor, Bank Administration Institute
Interstate Banking
Competitive Effects of Interstate Banking: The Impact on Bank Acquisition Markets
J Amanda Adkisson, Sam Houston State University
Donald R Fraser, Texas A&M University
A Consolidation Framework for Bank Merger Pricing
Larry A Frieder, Florida A&M University
Phillip N Petty, Federal Home Loan Bank
The Consequences of Interstate Banking Deregulation for Competition, the Structure of Service Markets and the Performance of Interstate Financial-Services Firms
Peter S Rose, Texas A&M University
12:00 AM
XI. Japanese Banks: Emerging Gobal Competitors
The Evolution of Japanese Banking: Isolation to Globalization
Thomas F Cargill, University of Nevada–Reno
Shoichi Royama, Osaka University
Capital Positions of Japanese Banks
Edward J Kane, Ohio State University
Haluk Ünal, University of Maryland
Asli Demirgüç-Kunt, The World Bank
Robert N McCauley, Federal Reserve Bank of New York
The Cost of Capital for Banks in International Competition
Steven A Zimmer, Federal Reserve Bank of New York
12:00 AM
XII. Europe
Financial Structure in a Changing Regulatory Environment
Forrest H Capie, City University Business School, London
Geoffrey E Wood, City University Business School, London
EC 1992—The Financial Competitiveness Implications
Robert H Dugger, University of Southwestern Louisiana
Robert W Strand, American Bankers Association
Cynthia A Glassman, Furash & Company
Charles F Haywood, University of Kentucky
12:00 AM
XII. Globalization and Public Policy
Remarks on Globalization and Public Policy
Richard L Thomas, First Chicago Corporation
Futures in the Nineties: Confronting Globalization
William J Brodsky, Chicago Mercantile Exchange
Globalization of Markets
Stephen H Axilrod, Nikko Securities Company International, Inc.
Edward J Kane, Ohio State University
Regulation in a Global Market Context

Back To Top

 

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