Search Results

Showing results 1 to 3 of approximately 3.

(refine search)
Author:Suher, Michael 

The impact of tax law changes on bank dividend policy, sell-offs, organizational form, and industry structure

This paper investigates the effect at the bank and industry level of a 1996 tax law change allowing commercial banks to elect S-corporation status. By the end of 2007, roughly one in three commercial banks had either opted for or converted to the S-corporation form of organization. Our study analyzes the effect of this conversion on bank dividend payouts. It also examines the effect S-corporation status has on a community bank's likelihood of sell-off and measures a firm's sensitivity to tax rates based on its choice of organizational form. We document that dividend payouts increase ...
Staff Reports , Paper 369

Working Paper
Cost of Banking for LMI and Minority Communities

Bank accounts are critical for participation in the modern economy. However, these accounts frequently require maintenance fees and incur overdraft charges. We assess whether minimum account balances to avoid fees, account maintenance fee amounts, and non-sufficient funds charges are systematically different in LMI and majority-minority communities, and find that they are generally higher. For example, the minimum account balance to avoid fees in a non-interest checking account is about $50 higher in LMI Census tracts than in higher income tracts, and $75 higher in majority-minority tracts. ...
Finance and Economics Discussion Series , Paper 2022-040

Discussion Paper
Empirical assessment of SR/CA small-dollar lending letter impact

Guidance is used by bank regulators to communicate supervisory expectations to both examiners and banks. In March 2020, in response to pandemic shut-downs, financial regulators issued a joint statement encouraging small-dollar lending to meet temporary cash-flow imbalances, unexpected expenses, or income short-falls.
FEDS Notes , Paper 2023-07-28-3


FILTER BY Content Type


Gorin, Daniel 1 items

Gosky, Sarah 1 items

Mehran, Hamid 1 items

Migueis, Marco 1 items

Xu, Jessie 1 items

show more (1)

FILTER BY Jel Classification

G21 1 items

G50 1 items

I30 1 items

J15 1 items

L11 1 items

R23 1 items

show more (1)