Search Results
Journal Article
Big banks in small places: are community banks being driven out of rural markets?
The shares of total U.S. banking assets and deposits held by the very largest banking organizations have increased markedly over the past 25 years, while the shares held by small ?community? banks have declined. Advances in information technology may have reduced the advantages of small scale, close proximity, and local ties that traditionally have given small, community-focused banks a competitive advantage in lending to small businesses and other ?informationally opaque? borrowers. This article examines trends in deposit shares of banks of different sizes in rural U.S. counties. If the ...
Journal Article
Problem business loans rise at large banks
Journal Article
New seasonal factors for the adjusted monetary base
Journal Article
Stabilization policies and employment
Journal Article
Interpreting the annual ranges for money growth
Journal Article
Are banks making riskier loans?
Working Paper
Deposit relationships and bank portfolio selection
Journal Article
The role of supervisory screens and econometric models in off-site surveillance
Off-site surveillance involves using financial ratios to identify banks likely to develop safety-and-soundness problems. Bank supervisors use two tools to flag developing problems: supervisory screens and econometric models. Despite the statistical dominance of models, supervisors continue to rely heavily on screens. We use data from the 1980s and 1990s to compare, once again, the performance of the two approaches to off-site surveillance. Our study explicitly addresses supervisors' criticisms of econometric models. In particular, we offer a new econometric model - one designed to forecast ...