Working Paper
Can feedback from the jumbo-CD market improve bank surveillance?
Gilbert, R. Alton; Meyer, Andrew P.; Vaughan, Mark D. (2003)
We examine the value of jumbo certificate-of-deposit (CD) signals in bank surveillance. To do so, we first construct proxies for default premiums and deposit runoffs and then rank banks based on these risk proxies. Next, we rank banks based on the output of a logit model typical of the econometric models used in off-site surveillance. Finally, we compare jumbo-CD rankings and surveillance-model rankings as tools for predicting financial distress. Our comparisons include eight out-of-sample test windows during the 1990s. We find that rankings obtained from jumbo-CD data would not have improved ...
Working Papers , Paper 2003-041

Journal Article
How Cyber Deposits Affect Perceived Competition in Banking Markets
Meyer, Andrew P. (2020-05-11)
Online-only branches can distort the measurement of concentration in local banking markets.
The Regional Economist , Volume 28 , Issue 1

Working Paper
Did FDICIA enhance market discipline on community banks? a look at evidence from the jumbo-CD market
Hall, John R.; King, Thomas B.; Meyer, Andrew P.; Vaughan, Mark D. (2002)
The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) directed the FDIC to resolve bank failures in the least costly manner, shifting more of the failure-resolution burden to jumbo-CD holders. We examine the sensitivity of jumbo-CD yields and runoffs to failure risk before and after FDICIA. We also examine the economic significance of estimated risk sensitivities before and after the Act, looking at the implied impact of risk on bank funding costs and profits. The evidence indicates that yields and runoff were sensitive to risk before and after FDICIA, but that this ...
Supervisory Policy Analysis Working Papers , Paper 2002-04

Working Paper
Federal Reserve lending to troubled banks during the financial crisis, 2007-10
Gilbert, R. Alton; Kliesen, Kevin L.; Meyer, Andrew P.; Wheelock, David C. (2012)
Numerous commentaries have questioned both the legality and appropriateness of Federal Reserve lending to banks during the recent financial crisis. This article addresses two questions motivated by such commentary: 1) Did the Federal Reserve violate either the letter or spirit of the law by lending to undercapitalized banks? 2) Did Federal Reserve credit constitute a large fraction of the deposit liabilities of failed banks during their last year prior to failure? The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) imposed limits on the number of days that the Federal ...
Working Papers , Paper 2012-006

Journal Article
Should we ax the capital gains tax?
Meyer, Andrew P. (1995)
The Regional Economist , Issue Jul , Pages 10-11

Journal Article
Most community banks will pay lower premiums under FDIC assessment rules
Meyer, Andrew P.; Fuchs, James W. (2011)
Find out why community banks will benefit from the new FDIC assessment base as called for under the Dodd-Frank Act.
Central Banker , Issue Summer

Journal Article
The future of community banks: lessons from banks that thrived during the recent financial crisis
Fuchs, James W.; Gilbert, R. Alton; Meyer, Andrew P. (2013)
The authors study the distinguishing features of community banks that maintained the highest supervisory ratings during the recent financial crisis (2006 to 2011). They identify balance sheet and income statement ratios that separate these thriving banks from other community banks and supplement that analysis with detailed interview evidence from a sample of thriving banks. They conclude that there is a strong future for well-run community banks and that the banks that prosper will be the ones with strong commitments to maintaining risk control standards in all economic environments. There is ...
Review , Issue Mar , Pages 115-144

Journal Article
Federal Reserve lending to troubled banks during the financial crisis, 2007-2010
Kliesen, Kevin L.; Wheelock, David C.; Gilbert, R. Alton; Meyer, Andrew P. (2012)
Numerous commentaries have questioned both the legality and appropriateness of Federal Reserve lending to banks during the recent financial crisis. This article addresses two questions motivated by such commentary: Did the Federal Reserve violate either the letter or spirit of the law by lending to undercapitalized banks? Did Federal Reserve credit constitute a large fraction of the deposit liabilities of failed banks during their last year before failure? The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) imposed limits on the number of days that the Federal Reserve ...
Review , Volume 94 , Issue May , Pages 221-242

Blog
The Rise of Cyber Branches in Banking
Meyer, Andrew P. (2020-06-30)
Banks are increasingly using online-only branches, or “cyber” branches, to gather deposits nationwide, leading to difficulties when measuring market concentration.
On the Economy

Journal Article
Why Are More Credit Unions Buying Community Banks?
Meyer, Andrew P. (2019)
This trend is growing but remains small because of regulatory and business-model challenges.
The Regional Economist , Volume 27 , Issue 1