Journal Article
Subchapter S : a new tool for enhancing the value of community banks
Harvey, James; Padget, Jane (2000-12)
Beginning in 1997, many community banks became eligible to elect a new form of ownership, referred to as Subchapter S. Through June of 2000, 18 percent of the community banks in the United States had changed to this new ownership status. The Subchapter S ownership form effectively eliminates the double taxation of dividends and capital gains, which promises to significantly increase the after-tax returns to bank shareholders. This article reviews the characteristics of banks that have converted to Subchapter S status and identifies changes in their behavior or performance subsequent to ...
Financial Industry Perspectives , Issue Dec , Pages 17-32

Journal Article
State taxation of Fifth District banks
Karp, Daniel A. (1974-07)
Economic Review , Volume 60 , Issue Jul , Pages 19-23

Conference Paper
Commercial banks are not obsolete and the Federal Government should stop trying to make them so
Ely, Bert (1992)
Proceedings , Paper 364

Working Paper
The inefficiency of seigniorage from required reserves
Freeman, Scott (1993)
Working Papers , Paper 9334

Journal Article
Tax reform and bank behavior
Neuberger, Jonathan A. (1988)
FRBSF Economic Letter

Working Paper
Optimal financial structure and bank capital requirements: an empirical investigation
Osterberg, William P.; Thomson, James B. (1990)
This paper presents an empirical analysis of the determinants of the leverage ratios (the book value of liabilities divided by the total of the book value of liabilities' and the market value of equity) for 232 bank holding companies for December 1986, June 1987, and December 1987. Many theoretical models of bank behavior assume that bank capital requirements will be binding, and empirical research has generally shown that almost all- banks will meet capital guidelines. However, if the optimal leverage ratios differ among banks, then banks' responses to changes in capital requirements or to ...
Working Papers (Old Series) , Paper 9007

Report
The impact of tax law changes on bank dividend policy, sell-offs, organizational form, and industry structure
Suher, Michael; Mehran, Hamid (2009)
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

Conference Paper
Federal tax treatment for bank loan losses and bank capital adequacy
Hanweck, Gerald A. (1987)
Proceedings , Paper 181

Working Paper
Issues in state taxation of banks
Mattoon, Richard H. (1991)
Working Paper Series, Regional Economic Issues , Paper 91-17

Journal Article
Should Massachusetts reform its bank tax?
Tannenwald, Robert (1988-09)
New England Economic Review , Issue Sep , Pages 23-35