Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
Bank consolidation and merger activity following the crisis.
Kowalik, Michal; Regehr, Kristen; Morris, Charles S.; Davig, Troy A. (2015-01)
Michal Kowalik, Troy Davig, Charles S. Morris, and Kristen Regehr analyze the financial characteristics of acquired community banks from 2011 to 2014.
Economic Review , Issue Q I , Pages 31-49

Discussion Paper
Regulatory Changes and the Cost of Capital for Banks
Zborowski, Brandon; Van Tassel, Peter; Kovner, Anna (2018-10-01)
In response to the financial crisis nearly a decade ago, a number of regulations were passed to improve the safety and soundness of the financial system. In this post and our related staff report, we provide a new perspective on the effect of these regulations by estimating the cost of capital for banks over the past two decades. We find that, while banks? cost of capital soared during the financial crisis, after the passage of the Dodd-Frank Act (DFA), banks experienced a greater decrease in their cost of capital than nonbanks and nonbank financial intermediaries (NBFI).
Liberty Street Economics , Paper 20181001a

Discussion Paper
What Explains Shareholder Payouts by Large Banks?
Hirtle, Beverly (2017-10-18)
On June 28, the Federal Reserve released the latest results of the Comprehensive Capital Analysis and Review (CCAR), the supervisory program that assesses the capital adequacy and capital planning processes of large, complex banking companies. The Fed did not object to any of the banks? capital plans, an outcome that was widely heralded as a signal that these banks would be able to increase payouts to their shareholders. And in fact, immediately following the release of the CCAR results, several large banks announced substantial increases in quarterly dividends and record-sized share ...
Liberty Street Economics , Paper 20171018

Working Paper
Current Expected Credit Losses (CECL) Standard and Banks' Information Production
Kim, Sehwa; Kim, Seil; Kleymenova, Anya V.; Li, Rongchen (2023-09-29)
We examine whether the adoption of the current expected credit losses (CECL) model, which reflects forward-looking information in loan loss provisions (LLP), improves banks’ information production. Consistent with better information production, we find changes in CECL banks' financial reporting and operations. First, these banks' loan loss provisions become timelier and better reflect future local economic conditions. Second, CECL banks disclose longer, more forward-looking, and more quantitative LLP information. Lastly, they have fewer loan defaults after adopting CECL. These improvements ...
Finance and Economics Discussion Series , Paper 2023-063

Working Paper
Endogenous Debt Maturity and Rollover Risk
Brancati, Emanuele; Macchiavelli, Marco (2016-09-09)
We challenge the common view that short-term debt, by having to be rolled over continuously, is a risk factor that exposes banks to higher default risk. First, we show that the average effect of expiring obligations on default risk is insignificant; it is only when a bank has limited access to new funds that maturing debt has a detrimental impact on default risk. Next, we show that both limited access to new funds and shorter maturities are causally determined by deteriorating market expectations about the bank's future profitability. In other words, short-term debt is not a cause of ...
Finance and Economics Discussion Series , Paper 2016-074

Working Paper
Do Costly Internal Equity Injections Reveal Bank Expectations about Post-Crisis Real Outcomes?
Gupta, Arun; Sapriza, Horacio (2022-12-21)
We construct a novel signal of bank expectations utilizing confidential data and a regulatory constraint imposed on bank internal capital markets during the 2008 crisis that made internal equity injections to commercial bank subsidiaries difficult to reverse. When the US government initiated a $176 billion recapitalization program during the crisis, this constraint made it costly ex-ante for multi-bank holding companies (MBHC) to use these funds for the purpose of recapitalizing subsidiaries against future anticipated losses; in contrast, lending the funds to subsidiaries was exempt from the ...
Working Paper , Paper 23-03

Journal Article
Shopping for Bank regulators : Banks in the United States have long had choices between state and federal banking authorities
Mullin, John (2019-10)
Econ Focus , Issue 4Q , Pages 4-7

Journal Article
Has the Relationship between Bank Size and Profitability Changed?
Regehr, Kristin; Sengupta, Rajdeep (2016-04)
Kristen Regehr and Rajdeep Sengupta explore whether the relationship between bank size and profitability changed after the 2007?09 financial crisis.
Economic Review , Issue Q II , Pages 49-72

Newsletter
Interest-only mortgages and speculation in hot housing markets
Barlevy, Gadi; Fisher, Jonas D. M. (2020-05-28)
Even as housing markets have temporarily shut down across the U.S. during the Covid-19 pandemic, housing remains a key sector that contributes disproportionately to fluctuations in overall economic activity and that will likely play an important role as the economy reopens. Interest in this market among research economists and policymakers intensified after the exceptional boom and bust in housing between 2003 and 2008. In this Chicago Fed Letter, we describe research in Barlevy and Fisher (2020)1 that examined patterns in the kinds of mortgages homebuyers took out in different cities during ...
Chicago Fed Letter , Issue 439 , Pages 6

show more (50)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords