Archive for December, 2020

Small Banks: Transition and Crisis

Wednesday, December 9th, 2020

Friday Virtual Seminar Series
Friday December 18, 2020
12:00 p.m. to 1:45 p.m.

This seminar is free. Please register at this Zoom link.
We can welcome up to 100 participants.

This session focuses on challenges faced by the banking sector, especially small banks, in the past 20 years. The first paper focuses on loss given default of acquisition, development, and construction loans during the Great Recession and its aftermath (2008-2012) and how those loan defaults contributed to numerous small bank failures. The second paper illustrates how monetary policy affects banks’ decisions to enter local deposit markets and how entry barriers in those markets affect establishments of differing sizes. The third paper explores how the tightening of anti-money laundering enforcement imposed disproportionate costs on small banks, shifting the local banking composition towards larger banks and how that shift affects measures of local economic well-being. The fourth paper studies the effects of changes in business credit during the COVID-19 pandemic comparing the behavior of lenders to that of borrowers during the pandemic compared to prior years and examining differences in credit issued to small and large borrowers, in both good and bad economic conditions.

Chair: Alexander B. Ufier (FDIC)

Loss Given Default for Acquisition, Development and Construction Loans
Lynn Shibut (FDIC), Emily Johnston-Ross (FDIC), Joseph Nichols (Federal Reserve Board)

The Bank Entry Channel of Monetary Policy Transmission
Stefan Lewellen (Penn State University), Emilio Bisetti (Hong Kong University of Science and Technology), Stephen A. Karolyi (Carnegie Mellon)

Anti-money Laundering Enforcement, Banks, and the Real Economy
Pablo Slutzky (University of Maryland), Senay Agca (George Washington University), Stefan Zeume (University of Illinois Urbana-Champaign)

Bank Lending during the Covid-19 Crisis
Teng Wang (Federal Reserve Board of Governors), Allen N. Berger (University of South Carolina), Christa H.S. Bouwman (Texas A&M University), Lars Norden (Getulio Vargas Foundation), Raluca A. Roman (Federal Reserve Bank of Philadelphia), Gregory F. Udell, (Indiana University)

Discussants: Kayla Freeman (University of Georgia), Freddy Cama (Bay Atlantic University), Heath Witzen (Consumer Financial Protection Bureau), Chacko George (FDIC)

Small Banks: Transition and Crisis

Economic Well-Being and the Supplemental Poverty Measure – Improvements and Expansion in 2021 and Beyond

Thursday, December 3rd, 2020



Friday December 11, 2020, 12-1:45pm ET

This seminar is free.  Pre-registration is required. Register at this Zoom link.
Up to 100 participants.

How can economic well-being and poverty be measured? Ten years ago an interagency technical working group produced guidelines for a supplement to the official poverty measure. This measure is referred to as the Supplemental Poverty Measure (SPM), and for several years now has been published as a product of collaboration by researchers at the BLS and Census Bureau with support from the SPM Interagency Technical Working Group for Implementation (ITWG-SPM).  In this session, researchers from the Census Bureau and BLS will describe planned improvements in the SPM and extensions to include data from more surveys.

Chair:  Connie Citro, National Academy of Sciences

Improvements to the Census Bureau’s Supplemental Poverty Measure for 2021
Liana E. Fox & Trudi Renwick* (Census Bureau)

Changes to the Supplemental Poverty Measure Thresholds for 2021
Thesia Garner*, Juan Munoz, & Jake Schild (Bureau of Labor Statistics)

The Supplemental Poverty Measure Using the American Community Survey
Brian Glassman & Liana Fox* (Census Bureau), Jose Pacas (U of Minnesota)

Calculating the Supplemental Poverty Measure in the Survey of Income and Program Participation
Lewis Warren*, Liana Fox, Ashley Edwards (Census Bureau)

Discussant: David Johnson (University of Michigan)

(*designated speaker)

Economic Well-Being and the Supplemental Poverty Measure – Improvements and Expansion in 2021 and Beyond