The 36th 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. This year's theme was The (Declining) Role of Banking.


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05/04/94
12:00 AM
I. Special Addresses
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System
Optimal Bank Supervision in a Changing World
Eugene A Ludwig, Comptroller of the Currency
Supervising an Evolving Industry
12:00 AM
II. The (Declining?) Role of Banking
Has Banking Declined?
Silas Keehn, Federal Reserve Bank of Chicago
Carter H Golembe, CHG Consulting
Comments on The (Declining?) Role of Banking
Banks Are Obsolete—And Who Cares?
Edward E Furash, Furash & Company
Robert E Litan, U.S. Department of Justice
The Relative Decline of Banking: Should We Care?
Insights on the Parallel Banking Industry
William E Odom, Ford Motor Credit Company
12:00 AM
III. Public Policy Implications of the Decline of Banking
Lawrence B Lindsey, Board of Governors of the Federal Reserve System
Will the Alleged Decline of Banking Affect CRA?
Benjamin M Friedman, Harvard University
The Decline of Commercial Banking: Implications for Monetary Policy
Financial Instability and the Decline (?) of Banking: Public Policy Implications
Hyman P Minsky, Jerome Levy Institute, Bard College
Mark J Flannery, University of Florida
The Implications of "Banking's Decline" for Safety and Soundness Regulation
12:00 AM
IV. Bank Strategies for Survival and Success
Richard M Kovacevich, Norwest Corporation
Selecting a Strategy for Success
Bank Strategies for Survival and Success
John B McCoy, Banc One Corporation
Strategic Focus in Banking
Thomas C Theobald, Continental Bank, N.A.
05/05/94
12:00 AM
V. The Viability of Banking
Are Banks Dead? Or, Are the Reports Greatly Exaggerated?
John H Boyd, Federal Reserve Bank of Minneapolis
Mark Gertler, New York University
Mark E Levonian, Federal Reserve Bank of San Francisco
Will Banking Be Profitable in the Long Run?
Inferring Viability of the U.S. Banking Industry from Shifts in Conduct and Excess Capacity
Sherrill Shaffer, Federal Reserve Bank of Philadelphia
Bottomline Banking: Regaining the Lost Paradigm
Larry A Frieder, Florida A & M University
, Shawmut National Corporation
12:00 AM
VI. The Effect of Derivatives on Banking Activities
, University of Georgia
The Derivatives Activities of U.S. Commercial Banks
David Carter, University of Georgia
Catherine Schrand, University of Chicago
An Evaluation of the Effects of Accounting Rules on Interest Rate Risk Management in the Savings and Loan Industry
Elijah Brewer III, University of Illinois at Urbana-Champaign
The Effect of Bank-Held Derivatives on Credit Accessibility
Bernadette A Minton, Federal Reserve Bank of Chicago
James T Moser, Federal Reserve Bank of Chicago
12:00 AM
VII. Regulatory Performance
Federal Reserve Lending to Banks That Failed: Implications for the Bank Insurance Fund
R Alton Gilbert, Federal Reserve Bank of St. Louis
Edward J Kane, Boston College
How Much Did Capital Forbearance Add to the Tab for the FSLIC Mess?
Min-Teh Yu, National Central University
Dividend Behavior of Financially Distressed Savings Institutions
Randall S Kroszner, University of Chicago
Philip E Strahan, Federal Reserve Bank of New York
12:00 AM
VIII. Regulatory Reform Proposals
Richard E Randall, Federal Reserve Bank of Boston
The Implications of Financial Cycles for Subordinated Debt Proposals
Jane W D'Arista, Boston University
The Parallel Banking System
Tom Schlesinger, Southern Finance Project
Corporate Finance, Market Discipline and Bank Supervision
Mark J Flannery, University of Florida
05/06/94
12:00 AM
IX. Loan Market Innovations
Charles Calomiris, University of Illinois at Urbana–Champaign
Loan Market Competition between Foreign and U.S. Banks: Some Facts about Loans and Borrowers
Mark Carey, Board of Governors of the Federal Reserve System
Cynthia A Glassman, Furash & Company
The Emerging Source of Small Business Finance
Evidence on the Relationship between Regional Economic Conditions and Loan Sales Activity
Rebecca S Demsetz, Federal Reserve Bank of New York
12:00 AM
X. Risk and Bank Capital Standards
Beyond Traditional Credit Risk: Capital Standards for Market Risks
Mark E Levonian, Federal Reserve Bank of San Francisco
Estimating the Interest Rate Sensitivity of Liquid Retail Deposit Values
James O'Brien, Board of Governors of the Federal Reserve System
Athanasios Orphanides, Board of Governors of the Federal Reserve System
David Small, Board of Governors of the Federal Reserve System
Gerald A Hanweck, George Mason University
Banks' Exposure to Interest Rate Risk and Capital Adequacy: An Appraisal of the Federal Banking Agencies' Approach
Bernard Shull, City University of New York, Hunter College
12:00 AM
XI. Objectives of Bank Management
Discussion of "Objectives of Bank Management"
James B Thomson, Federal Reserve Bank of Cleveland
Alternative Methods of Corporate Control in Commercial Banks
Stephen Prowse, Board of Governors of the Federal Reserve System
Evidence on the Objectives of Bank Managers
Joseph P Hughes, Rutgers University
Loretta J Mester, Federal Reserve Bank of Philadelphia
Fee-Based Services and Cost Efficiency in Commercial Banks
Robert DeYoung, Office of the Comptroller of the Currency
12:00 AM
XII. The Role of Intermediation in Community Development
Aruna Srinivasan, Federal Reserve Bank of Atlanta
Financial Intermediation and Development Lending: The Foreign Experience and Implications for the U.S.
Community Development Banking and Financial Institutions Act: A Critique with Recommendations
Robert M Townsend, University of Chicago
12:00 AM
XIII. Bank Uniqueness
Simon H Kwan, University of Arizona
The Certification Value of Bank Loans
Reduced Form Evidence on the Substitutability between Bank and Nonbank Loans
Sean Becketti, CS First Boston
Charles Morris, Federal Reserve Bank of Kansas City
Allen N Berger, Board of Governors of the Federal Reserve System
Lines of Credit and Relationship Lending in Small Firm Finance
Gregory F Udell, New York University
12:00 AM
XIV. Market Information Dissemination
Discussion of "Market Information Dissemination"
Harold A Black, University of Tennessee
Robert Schweitzer, University of Delaware
The Intra-Industry Effects of Bank Bond Rating Changes
Samuel H Szewczyk, Drexel University
Raj Varma, University of Delaware
Allen N Berger, Board of Governors of the Federal Reserve System
The Information Content of Bank Examinations
Sally M Davies, Board of Governors of the Federal Reserve System
Conditional Risk and Return in Bank Holding Company Stocks: A Factor-GARCH Approach
Jonathan A Neuberger, Federal Reserve Bank of San Francisco

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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