Working Paper
Legal and regulatory reform in electronic payments: an evaluation of finality of payment rules
Mengle, David L. (1988)
Each day approximately $1.3 trillion changes hands by means of wholesale wire transfers. Of this total, about $638 billion is exchanged on Fedwire, the Federal Reserve wire transfer network, while just under $622 billion moves over the privately-owned Clearing House Interbank Payment System (CHIPS). On Fedwire, the average transfer is $2.9 million, while transfers on CHIPS average $4.6 million. With such substantial amounts involved in virtually instantaneous transactions, it is not surprising that concern has risen over risks that a large network network participant will fail to settle its ...
Working Paper , Paper 88-02

Journal Article
Behind the money market: clearing and settling money market instruments
Mengle, David L. (1992-09)
When a money market instrument is traded, the clearing and settlement process establishes the change in ownership. Because the process involves both costs and risks, money market participants have developed means of making clearing and settlement more efficient and less risky.
Economic Review , Volume 78 , Issue Sep , Pages 3-11

Journal Article
A review of bank performance in the Fifth District, 1985
Mengle, David L.; Walter, John R. (1986-07)
An abstract for this article is not available
Economic Review , Volume 72 , Issue Jul , Pages 25-33

Journal Article
The discount window
Mengle, David L. (1986-05)
An abstract for this article is not available
Economic Review , Volume 72 , Issue May , Pages 2-10

Journal Article
The case for interstate branch banking
Mengle, David L. (1990-11)
During the 1980s, many states relaxed laws restricting branching, and most states opened up their borders to entry by out-of-state bank holding companies. This article suggests that both banks and consumers would benefit if laws were further modified to permit bank holding companies to consolidate their interstate subsidiaries into branch networks. While such a change is likely to lead to a smaller number of large banks (although those remaining would operate nationwide), there would probably be little change in the number of small banks serving local markets.
Economic Review , Volume 76 , Issue Nov , Pages 3-17

Journal Article
Intraday credit: risk, value, and pricing
Summers, Bruce J.; Mengle, David L.; Humphrey, David B. (1987-01)
An abstract for this article is not available
Economic Review , Volume 73 , Issue Jan , Pages 3-14

Journal Article
A review of bank performance in the Fifth district, 1986
Mengle, David L.; Walter, John R. (1987-07)
Gains from sales of securities and lower loan loss previsions helped bring higher profits to large Fifth District commercial banks in 1986. At the same time, small- and medium-sized bank profits fell slightly in the District from the previous year. As in the past few years, Fifth District banks outperformed banks in the rest of the United States. For the benefit of those readers curious about the problems connected with measuring bank performance, the authors discuss the most common bank profitability measures and the consequences of relying on accounting rather than market data.
Economic Review , Volume 73 , Issue Jul , Pages 29-37

Journal Article
A review of bank performance in the Fifth District, 1984
Mengle, David L.; Walter, John R. (1985-07)
1984 was another strong year for Fifth District banks. Average return on assets, though slightly lower than in 1983, was still higher than the national average. This article, by David L. Mengle and John R. Walter, analyzes the factors affecting the profitability of District banks in 1984 to explain this relatively strong performance. District banks were successful in reducing noninterest expense in 1984, and maintaining net interest margins higher than the national average. Increases in provisions for loan losses, however, reduced returns slightly below 1983 levels. District banks capital ...
Economic Review , Volume 71 , Issue Jul , Pages 12-22

Journal Article
Daylight overdrafts and payments system risks
Mengle, David L. (1985-05)
During the last several years, the banking community has become increasingly aware of the risks faced by participants on electronic funds transfer (EFT) networks. Of particular concern have been the volume and incidence of daylight overdrafts on Fedwire and the risk of systemic failure due to the failure of a participant on one of the private EFT networks. In this article, David L. Mengle develops an economic framework for analyzing the risks borne by network participants, and then discusses several alternative risk reduction measures. Mengle argues that, on Fedwire, pricing of daylight ...
Economic Review , Volume 71 , Issue May , Pages 14-27

Journal Article
A review of bank performance in the Fifth District, 1987
Mengle, David L.; Walter, John R. (1988-07)
Profits at Fifth District commercial banks declined significantly during 1987. But the Fifth District decline pales in comparison with the dramatic fall in profitability for banks in the rest of the nation. Much of the decline in both Fifth District banks and throughout the nation was due to increased loan loss provisions at large banks, mostly against expected losses on Third World loans.
Economic Review , Volume 74 , Issue Jul , Pages 13-18