Report
Banks' payments-driven revenues
Radecki, Lawrence J. (1999-02-01)
The amount of fee income earned by the banking sector suggests that the significance of payment services has been understated or overlooked. This paper attempts to develop a clearer picture of the importance of payment services to the industry by delineating the payments area broadly and by analyzing data disclosed in bank holding company annual reports on sources of noninterest income. ; We find that payment services bring in from one-third to two-fifths of the combined operating revenue of the twenty-five largest bank holding companies. This contribution to revenue is considerably larger ...
Staff Reports , Paper 62

Journal Article
The monetary aggregates in 1985
Wenninger, John; Radecki, Lawrence J. (1985-01)
Quarterly Review , Volume 10 , Issue Win , Pages 6-10

Report
Ongoing restructuring of retail banking
Orlow, Daniel; Wenninger, John; Radecki, Lawrence J. (1996)
The largest U.S. commercial banks are currently in the process of restructuring their retail operations. This paper describes the innovations that are being adopted, explains the integrated strategies for restructuring, and reviews the policy issues that emerge. We find that banks are restructuring by developing complete customer-relationship profiles, switching over to remote electronic delivery channels (phone centers, home banking, and next-generation ATMs), relocating branches to large retail outlets, and redesigning selected branches as investment centers. The immediate goal of ...
Research Paper , Paper 9634

Journal Article
The expanding geographic reach of retail banking markets
Radecki, Lawrence J. (1998-06)
In the view of most policymakers and economists, competition in retail banking takes place in local markets the size of a single county or metropolitan area. This article presents evidence that the locus of banking competition has in recent years shifted to larger geographic arenas. The author's review of 1997 survey data reveals that many banks set uniform rates for both deposits and retail loans across an entire state or broad regions of a large state. Regression analysis of the relationship between retail deposit rates and measures of market concentration further supports this expansion in ...
Economic Policy Review , Volume 4 , Issue Jun , Pages 15-34

Journal Article
Banks' payments-driven revenues
Radecki, Lawrence J. (1999-07)
Although many people believe that the payments area is a fairly minor business function within the banking sector, an increasing share of banks' revenue comes from fee services. To understand the full scope of the payments area, the author develops a broad definition of this business line and builds an estimate of payments-related earnings using recent data disclosed in bank holding company annual reports. Countering the view that payments contribute little to net revenue, the author finds that the payments area is one of the core activities of commercial banks. According to his estimates, ...
Economic Policy Review , Volume 5 , Issue Jul , Pages 53-70

Journal Article
Paying electronic bill electronically
Wenninger, John; Radecki, Lawrence J. (1999-01)
Electronic billing and payment systems are about to change the way many households pay their monthly bills. These systems are likely to increase consumer convenience and reduce billers' costs. Several factors, however, could slow down the widespread use of electronic billing and payments, including customer resistance to change, unequal access to technology, and consumer privacy concerns.
Current Issues in Economics and Finance , Volume 5 , Issue Jan

Journal Article
Financial transactions and the demand for M1
Wenninger, John; Radecki, Lawrence J. (1986-07)
Quarterly Review , Volume 11 , Issue Sum , Pages 24-29

Journal Article
The globalization of financial markets and the effectiveness of monetary policy instruments
Reinhart, Vincent; Radecki, Lawrence J. (1988-10)
Quarterly Review , Volume 13 , Issue Aut , Pages 18-27

Journal Article
The household demand for money: estimates from cross-sectional data
Radecki, Lawrence J.; Garver, Cecily C. (1987-04)
Quarterly Review , Volume 12 , Issue Spr , Pages 29-34

Journal Article
Securities trading and settlement in Europe: issues and outlook
Sarkar, Asani; Goldberg, Linda S.; Kambhu, John; Mahoney, James M.; Radecki, Lawrence J. (2002-04)
The institutional arrangements for trading and settling securities in Europe remain fragmented along national lines, making cross-border trading costly. Consolidation efforts are under way, however, and major market centers have now emerged in France, Germany, and the United Kingdom. Although the restructuring of trading and settlement systems should bring the European Community closer to its goal of a single capital market, changes in corporate governance and the competitive environment may raise significant regulatory issues.
Current Issues in Economics and Finance , Volume 8 , Issue Apr