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


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05/09/90
12:00 AM
I. Special Addresses
  • Subsidies and Powers in Commercial Banking
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
  • The Future Structure of the Financial Services Industry
J Richard Fredericks, Montomery Securities
  • 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
  • Market-Based Deposit Insurance Premiums
Kathleen A Kuester, Board of Governors of the Federal Reserve System
James M O'Brien, Board of Governors of the Federal Reserve System
12:00 AM
III. Empirical Evidence on Moral Hazard
  • The Impact of Deposit Insurance on S&L Shareholders' Risk/Return Trade-offs
Elijah Brewer III, Federal Reserve Bank of Chicago
  • 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
  • The Costs of Traditional and Nontraditional Banking
Loretta J Mester, Federal Reserve Bank of Philadelphia
12:00 AM
V. Pricing Financial Instruments
  • Pricing Financial Instruments
James T Moser, Federal Reserve Bank of Chicago
  • Valuing Default-Risky Interest Rate Caps: A Monte Carlo Approach
Peter A Abken, Federal Reserve Bank of Atlanta
  • Creating Contingent Liabilities: Master Craftsmanship in Financial Engineering
Andrew H Chen, Southern Methodist University
John W Kensinger, University of Texas
12:00 AM
VI. Innovations in Financial Markets
  • Innovations in Financial Markets
Douglas D Evanoff, Federal Reserve Bank of Chicago
  • 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
  • The Superregional Banking Challenge: Some Critical Issues
Larry A Frieder, Florida A&M University
  • Banking in the 90s—The Superregional Challenge
Charles T Fisher III, NBD Bancorp, Inc.
  • Domestic and International Challenges of the 1990s for U.S. Bank Holding Companies
Dennis C Bottorff, Sovran Financial Corporation
  • The 1990s: A View Ahead for Superregional Banking
John B McCoy, Banc One Corporation
  • The Superregional Challenge
O Jay Tomson, Citizens National Bank
12:00 AM
VIII. FIRREA: Implications for the U.S. Financial System
  • Post-FIRREA: The Need to Reform the Federal Deposit
James R Barth, Auburn University
  • FIRREA: Implications for the U.S. Financial System
Bert Ely, Ely & Company, Inc.
  • The Value of the Thrift Franchise
Gary G Gilbert, U.S. League of Savings Institutions
  • Never Again: The S&L Bailout Bill
Kenneth E Scott, Stanford University
  • The Current Manifestation of the Long Term Restructuring of the Financial Services Industry
Leonard S Simon, Rochester Community Savings Bank
12:00 AM
IX. The Future Role of Commercial Banks in Commercial Lending
  • The Role of Nonbanks in Commercial Lending
Rafael Scolari, Allstate Insurance Company
  • The Loan Asset Sales Market, What Lies Ahead?
, Loan Pricing Corporation
  • The Future Role of Commercial Banks in Commercial Lending
Michael Woodhead, Continental Bank, N.A.
12:00 AM
X. Interstate Acquisitions
  • Interstate Banking
David Van L Taylor, Bank Administration Institute
  • 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
  • The Cost of Capital for Banks in International Competition
Robert N McCauley, Federal Reserve Bank of New York
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.
  • Regulation in a Global Market Context
Edward J Kane, Ohio State 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