Journal Article
Drive to efficiency leaves smallest banks behind
Yeager, Timothy J.; Anderson, Boyd D. (1999-07)
With higher overhead costs and lower fee income, small banks are in serious danger of getting lapped by their larger competitors. Can community banks find a way to stay on the track?
The Regional Economist , Issue Jul , Pages 12-13

Working Paper
Community bank performance in the presence of county economic shocks
Yeager, Timothy J. (2002)
A potentially troubling characteristic of the U.S. banking industry is the geographic concentration of many community banks* offices and operations. If geographic concentration of operations exposes banks to local market risk, we should observe a widespread decline in their financial performance following adverse economic shocks. By analyzing the performance of a sample of geographically concentrated U.S. community banks exposed to severe unemployment shocks in the 1990s, we find that banks are not particularly sensitive to local economic deterioration. Indeed, performance at banks in ...
Supervisory Policy Analysis Working Papers , Paper 2002-11

Journal Article
The housing giants in plain view
Yeager, Timothy J.; Vaughan, Mark D.; Emmons, William R. (2004-07)
These government-sponsored enterprises continue to make headlines because of their explosive growth and resulting heavyweight status within the nation's financial system.
The Regional Economist , Issue Jul , Pages 4-9

Working Paper
The Financial Modernization Act: evolution or revolution?
Yeager, Fred C.; Yeager, Timothy J.; Harshman, Ellen (2004)
The Gramm-Leach-Bliley Act (GLBA) removed the barriers that separated commercial banking from investment banking, merchant banking, and insurance activities. Did this legislation revolutionize the financial services industry by allowing Financial Holding Companies (FHCs) to exploit revenue efficiencies and cost economies, or did it merely formalize an evolutionary process of deregulation that was already well underway? Our evidence refutes the notion that the GLBA was a revolutionary event, at least in the short run. Using a combination of market and accounting data, we find that, to date, ...
Supervisory Policy Analysis Working Papers , Paper 2004-05

Journal Article
The foreclosure crisis in 2008: predatory lending or household overreaching?
Fogel, Kathy; Yeager, Timothy J.; Ma, Liping; Lee, Wayne Y.; Emmons, William R.; Rorie, Deena (2011-07)
At least early in the financial crisis, the high rate of foreclosures seemed to be due more to households' overreaching than to predatory lending. A disproportionate number of those being foreclosed on were well-educated, well-off and relatively young people.
The Regional Economist , Issue July , Pages 12-14

Journal Article
An imperfect crystal ball
Yeager, Timothy J.; Emmons, William R. (2002-01)
The futures market is not a perfect crystal ball. In some cases, it accurately forecasts what spot prices will be in the future. But not always.
The Regional Economist , Issue Jan. , Pages 10-11

Journal Article
Is federal home loan bank funding a risky business for the FDIC?
Stojanovic, Dusan; Yeager, Timothy J.; Vaughan, Mark D. (2000-10)
Easy access to FHLB funds has helped community banks stay afloat in today's competitive markets, but could pose a risk to the FDIC's insurance fund.
The Regional Economist , Issue Oct , Pages 4-9

Working Paper
What does the Federal Reserve’s economic value model tell us about interest rate risk at U.S. community banks?
Yeager, Timothy J.; Sierra, Gregory E. (2003)
The savings and loan crisis of the 1980s revealed the vulnerability of some depository institutions to changes in interest rates. Since that episode, U.S. bank supervisors have placed more emphasis on monitoring the interest rate risk of commercial banks. One outcome developed by economists at the Federal Reserve Board of Governors was a duration-based Economic Value Model (EVM) designed to estimate the interest rate sensitivity of banks. ; We test whether measures derived from the Fed?s EVM are correlated with the interest rate sensitivity of U.S. community banks. The answer to this question ...
Supervisory Policy Analysis Working Papers , Paper 2003-01

Journal Article
The two faces of banking : traditional loans and deposits vs. complex brokerage and derivative services
Poposka, Klimentina; Yeager, Timothy J.; Vaughan, Mark D. (2004-10)
The Regional Economist , Issue Oct

Journal Article
Community ties: does \\"relationship lending\\" protect small banks when the local economy stumbles?
Yeager, Timothy J.; Hall, John R. (2002-04)
The cover story examines why small banks aren't usually thrown for a loop when the local economy has a rough ride
The Regional Economist , Issue Apr. , Pages 4-9