Search Results
Journal Article
Careful contingency planning can save the day
Journal Article
Consolidation concentrates bank markets in sixth district
Journal Article
Corporate governance in the spotlight
The new Sarbanes-Oxley Act reforms disclosure and financial reporting for corporations. Although only SEC-listed companies are affected, the Fed's Governor Susan Bies maintains that all banks should consider the act's guidelines.
Journal Article
Is commercial banking a distinct line of commerce?
In analyzing the competitive impacts of bank consolidations, banking agencies and the U.S. Department of Justice tend to rely on the assumption that the market for bank services is local and is for services offered only by banks. This approach allows analysts to merge all products and services into a "cluster of services" for analysis of competition. Increases in types and locations of competitors have cast doubt on whether a cluster of services exists, however. ; These changes have induced the U.S. Department of Justice to do separate analyses of small business lending when analyzing ...
Journal Article
Bank consolidation affects lending in Southeastern rural markets
Journal Article
F.Y.I.: commercial bank profits in 1994
Commercial banks enjoyed another year of high profits in 1994, reporting record net income. However, rapid asset and capital growth slightly reduced rates of return on assets and equity. Banks in the Southeast again outperformed those in the nation as a whole. This article examines the forces behind this performance, concluding that healthy economic conditions augmented banks' bottom lines by stimulating loan growth and curtailing loan losses. Much of the decline in rates of return can be attributed to changes in accounting rules, which resulted in a one-time addition to assets. Extensive ...
Journal Article
Economy's recovery poses challenges for district banks
The Sixth District banking industry has performed surprisingly well over the last few years in the face of challenging times. What's ahead in terms of regulatory changes, credit demand and bank profitability?
Working Paper
The effect of credit scoring on small business lending in low- and moderate-income areas
This paper empirically examines the effect of the use of credit scoring by large banking organizations on small business lending in low- and moderate-income (LMI) areas. Using census tract level data for the southeastern United States, the authors estimate that credit scoring increases small business lending by $16.4 million per LMI area served. Furthermore, this effect is almost 2.5 times larger than that estimated for higher income census tracts ($6.8 million). The authors also find that credit scoring increases the probability that a large banking organization will make small business ...