Journal Article
Lessons from the Rhode Island banking crisis
Rosengren, Eric S.; Pulkkinen, Thomas E. (1993-05)
The failure of the Rhode Island Share and Deposit Indemnity Corporation (RISDIC), a private insurance fund, and the closure of its 45 remaining member institutions froze the accounts of 300,000 individuals and 10 percent of all deposits in the state. While the closure of two institutions triggered RISDICs demise, flaws in both design and management had set the stage for failure and are the focus of this article. The authors group RISDICs problems into three categories: risk concentrations, control of the insurance fund by those it insured, and RISDICs inadequate regulatory oversight of ...
New England Economic Review , Issue May , Pages 3-12

Report
The outlook for New England banking
Syron, Richard F.; Rosengren, Eric S.; Pulkkinen, Thomas E. (1992)
Resilience has historically characterized the New England region, and the past year has exemplified that long-standing quality. Coming out of the worst regional recession since the Great Depression has been slow and painful, and the lives of many of our neighbors have been disrupted along the way. Fortunately, by the end of 1992 there were signs that the economic decline in New England was nearing the bottom.
Annual Report