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Banking

Supervisory Policy and Risk Analysis

The Supervisory Policy and Risk Analysis unit provides research and policy support to examiners and supervisors. Supervisory Policy and Risk Analysis economists:

• conduct in-depth analyses of the regional economy and the District's banking sector,
• analyze and produce reports that highlight potential areas of risk prior to bank examinations, and
• undertake research projects that focus on questions of interest to the supervision community.

Members of Supervisory Policy and Risk Analysis

• William R. Emmons, Ph.D, assistant vice president and senior economist, 314-444-8844, CV
• Jim Fuchs, M.B.A., senior manager, 314-444-8837
• Andrew P. Meyer, Ph.D., senior economist, 314-444-4647
• Kevin L. Kliesen, M.A., economist, 314-444-8583, Web Page
• Amalia Estenssoro, M.A., economist, 314-444-4695
• Emily Dai, M.A, M.B.A., CFA, economist, 314-444-4631
• Gary S. Corner, CFA, senior examiner, 314-444-8849
• Daigo Gubo, M.S., research associate, 314-444-7383
• Julia S. Maues, M.A., research associate, 314-444-4210
• Michelle C. Neely, M.A., visiting scholar, 314-444-4781

Research

In addition to publishing articles in the District's policy publications, The Regional Economist and Central Banker, the Supervisory Policy and Risk Analysis unit conducts academic research on topics that are of interest to the supervision community. The authors welcome comments and suggestions on these working papers.

Working Papers for 1998, 2002 - 2007

Working Paper No.	Title
2007-05	Understanding the Subprime Mortgage Crisis (PDF 424 KB)
2007-04	Investigating Output Cycles under Two Alternative Financial Systems (PDF 657 KB)
2007-03	On the Relevance of Credit Market Structure to Monetary Policy (PDF 329 KB)
2007-02	The Future of Small Banks (PDF 754 KB)
2007-01	Gains from Financial Integration in the European Union: Evidence for New and Old Members (PDF 259 KB)
2006-03	U.S. Banking Deregulation and Self-Employment: Discrimination and Inequality (PDF 339 KB)
2006-02	Relationship Loans and Regulatory Capital: Why Fair-Value Accounting is Inappropriate for Bank Loans (PDF 59 KB)
2006-01	U.S. Banking Deregulation and Self-Employment: a Differential Impact on Those in Need (PDF 306 KB)
2005-05	In Search of the Natural Rate of Unemployment (PDF 107 KB)
2005-04	Labor Productivity and Job-Market Flows: Trends, Cycles, and Correlations (PDF 1.1 MB)
2005-03	Consumer-Finance Myths and Other Obstacles to Financial Literacy (PDF 331 KB)
2005-02	Is the Federal Home Loan Bank System Good for Banks? A Look at Evidence on Membership, Advances and Risk (PDF 363 KB)
2005-01	Should the FDIC Worry about the FHLB? The Impact of Federal Home Loan Bank Advances on the Bank Insurance Fund (PDF 917 KB)
2004-07	Are the Causes of Bank Distress Changing? Can Researchers Keep Up? (PDF 441 KB)
2004-06	Executive Compensation at Fannie Mae and Freddie Mac (PDF 93 KB). (See their article, "Incentives Askew," published in Regulation magazine by the Cato Institute. )
2004-05	The Financial Modernization Act: Evolution or Revolution? (PDF 181 KB)
2004-04	Economies of Integration in Banking: An Application of the Survivor Principle. (PDF 86 KB)
2004-03	Monetary Policy Actions and the Incentive to Invest (PDF 66KB)
2004-02	A Unified Analysis of Executive Pay: The Case of the Banking Industry (PDF 109KB)
2004-01	When For-Profits and Not-For-Profits Compete: Theory and Empirical Evidence from Retail Banking (PDF 1211KB)
2003-02	Discipline and Liquidity in the Market for Federal Funds (PDF 748KB)
2003-01	How Well Does the Federal Reserve's Economic Value Model Measure the Interest Rate Risk of U.S. Community Banks (PDF 329KB)
2002-11	Community Bank Performance in the Presence of County Economic Shocks (PDF 524 KB)
2002-10	Banks Vs. Credit Unions: Dynamic Competition in Local Markets (PDF 337KB)
2002-09	Impact of Alternative Bank Monitoring Policies on Corporate Investment and Financing Decisions (PDF 253 KB)
2002-08	Can Feedback from the Jumbo-CD Market Improve Off-Site Surveillance of Community Banks? (PDF 474KB)
2002-07	Financial Condition of Community Banks (PDF 227KB)
2002-06	What Can Bank Supervisors Learn from Equity Markets? A Comparison of the Factors Affecting Market-based Risk Measures and BOPEC Scores (PDF 293KB)
2002-05	Do Jumbo-CD Holders Care about Anything? (PDF 236KB)
2002-04	Did FDICIA Enhance Market Discipline on Community Banks? A Look at Evidence from the Jumbo-CD Market (PDF 278KB)
2002-03	The Demise of Community Banks? Local Economic Shocks Aren't to Blame (PDF 791KB)
2002-02	Scale Economies and Geographic Diversification as Forces Driving Community Bank Mergers (PDF 1.7MB)
1998-01	Dividends, Stock Repurchases and Signaling: Evidence From U.S. Panel Data (PDF 85 KB)