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Working Paper
Shared Destinies? Small Banks and Small Business Consolidation
We identify a new source of bank consolidation in the United States. For decades, boththe financial and real sides of the economy have experienced considerable consolidation. Weshow that banking-sector consolidation is, in part, a consequence of real-sector consolidation;because small banks are a disproportionate source of small-business credit, they are disproportionately exposed to shocks to small-business growth. Using a Bartik instrument based onnational small-business trends and county-level industry exposure, we show that changes tothe real-side demand for small-business credit is ...
Newsletter
The Winds of Change for Community Banking: Headwinds, Tailwinds, and Regulation
The 12th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), was held at the Chicago Fed on November 17, 2017. During a full day of speeches and panels, a group of 125 community banking executives, financial industry practitioners, and supervisory agency professionals who work in the Seventh Federal Reserve District1 explored the changing landscape for community banking. This article summarizes the event?s key presentations and discussions.
Newsletter
Navigating a New Community Banking Environment: A Conference Summary (Special Issue)
The ninth annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), was held at the Chicago Fed on November 1, 2013. This article summarizes key presentations and discussions at the symposium.
Speech
Community Banking: Aligning Ideals with Practice
Speech to the American Bankers Association, Phoenix, Arizona, February 18, 2025, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.Hosted by the American Bankers Association, President Mary C. Daly delivered keynote remarks on the important role of community banks at the 2025 Conference for Community Bankers. Following her remarks, she sat down with Rob Nichols, president and CEO of the American Bankers Association for a moderated discussion.