WorldCat Identities

Whalen, Gary

Overview
Works: 32 works in 113 publications in 1 language and 2,200 library holdings
Genres: Academic theses  Charters and articles of incorporation 
Roles: Author
Classifications: HJ4181, 336.220973
Publication Timeline
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Most widely held works by Gary Whalen
The risks and returns associated with the insurance activities of foreign subsidiaries of U.S. banking organizations by Gary Whalen( )

12 editions published in 2000 in English and held by 272 WorldCat member libraries worldwide

"In late 1999, U.S. banking organizations were granted permission to indirectly engage in insurance underwriting by affiliating with insurance companies in a holding company framework. To date, however, few such combinations have occurred and so little empirical evidence on the actual benefits of this sort of merger exists. Most of the available empirical evidence on the risks and returns of bank involvement in insurance activities is drawn from studies examining only hypothetical mergers of banks and insurance companies. Although some U.S. banks have begun to sell insurance products domestically in recent years, there have been virtually no studies of the actual risks and return of this activity because banks are not required to report information on this individual line of business. But U.S. banking organizations have been permitted to sell insurance and underwrite life insurance outside the U.S. through foreign subsidiaries and file financial statements for each of these subsidiaries with the Federal Reserve. The primary aim of this study is to use these data over a 13-year time span (1987-1999) to generate evidence on the risks and return actually associated with bank controlled insurance operations. This exercise should provide needed insight on the likely effects of an increase in domestic insurance activities by U.S. banks. Although the results are somewhat sensitive to the aggregation method employed, the evidence is basically consistent with the findings reported in previous work where only hypothetical bank-insurance combinations were analyzed. When ROA is used as the measure of returns, the mean and median returns earned in insurance activities exceed banking returns as well as the returns earned in other nonbanking activities by a substantial margin. When ROE is used to measure returns, the pattern is more mixed because equity-asset ratios in insurance activities are much higher than they are for the two benchmark activities. The evidence generally shows that when viewed on a stand-alone basis, insurance activities are slightly riskier than banking but less risky than the other nonbanking activities BHCs have been permitted to engage in. The results of an analysis of simple two-asset portfolios (banking and insurance) suggest banking organizations can improve, or at least not unfavorably alter their risk/returnopportunities by engaging in both banking and insurance activities"--Office of the Comptroller of the Currency web site
Interstate banking, branching, organization size, and market rivalry by Gary Whalen( )

12 editions published in 2000 in English and held by 272 WorldCat member libraries worldwide

"The 1994 Reigle-Neal Act gave multistate bank holding companies the option to convert to an interstate branch bank structure by authorizing the merger of bank subsidiaries across state lines. Over the following five year period, an increasing number of banking companies, including a number of very large ones, have done so. As a result, large companies operating through interstate branches have come to account for a significant share of deposits in many local markets and relatively little research has focused specifically on the competitive effects of this trend. This is a potentially important issue because the performance and competitive effects of large, multistate branch banks could differ from those associated with the operation of separately incorporated bank subsidiaries by multibank holding companies. In this study, measures of competitive rivalry are constructed using Summary of Deposit data for all urban (MSA) markets in the U.S. for each year over the 1995-1999 period. Tobit models are estimated using the data pooled over the entire period to determine whether and how alternative measures of the extent to which multistate banking companies operate in the market influence the rivalry variables. The aim of the analysis is to determine if the results are sensitive to the size of multistate companies, the location of the market (home state vs. out-of-state), or the organizational form used by nonlocal competitors (interstate branches vs. bank subsidiaries). The results show a positive relationship between large multistate multibank holding company (MSMBHC) deposit share and rivalry when a simple linear specification is used. Adding a concentration-MSMBHC share interaction term to the equation reveals that the positive effect of MSMBHC share on rivalry rises with market concentration. This result is largely attributable to the behavior of MSMBHCs operating outside their home state. When the separate effects of interstate branches and out-of-state bank subs are examined, only the former is found to be significantly related to rivalry. And in these equations, the pattern of the estimated coefficients on the aggregate interstate branch deposit share variables is the same as that seen in the other equations (a positive coefficient in the absence of the interaction term, and a positive coefficient on the interaction term when it is included). These results do not change, and in fact, are typically stronger when the deposit shares are calculated using only large multistate holding companies. They also do not change greatly when markets where the identity of the top-tier firms changed are excluded or when random-effects Tobit specifications are used"--Office of the Comptroller of the Currency web site
The impact of the growth of large, multistate banking organizations on community bank profitability by Gary Whalen( )

5 editions published in 2001 in English and held by 269 WorldCat member libraries worldwide

"Especially since the passage of the Riegle-Neal Act in 1994, community banks increasingly face large, multistate holding company (MSHC) rivals in the local markets in which they operate. These large MSHCs more often operate through interstate branches, rather than through the offices of a separate subsidiary headquartered in-state. Disagreement persists about the likely effects of this trend on community banks. If large absolute size, or an interstate branch form, confer competitive advantages, the profitability of community banks should be lower in markets where they face such rivals. On the other hand, a number of observers cite possibly offsetting advantages associated with small size, such as a greater ability to offer valued personal service. To date, virtually no empirical studies have focussed on this issue"--Office of the Comptroller of the Currency web site
Charter flips by national banks by Gary Whalen( )

12 editions published in 2002 in English and held by 260 WorldCat member libraries worldwide

"Bank management can change its charter and so its supervisor(s) at any time. Some argue that the supervisory competition resulting from the existence of the charter flip option promotes more efficient bank regulation. Others assert that it leads to"competition in laxity" as supervisors compete for clientele. Research on this issue is warranted because little empirical research on charter flips is available and the frequency of flips appears to have risen during the past decade"--Office of the Comptroller of the Currency web site
The competitive implications of safety net-related subsidies by Gary Whalen( )

2 editions published in 1997 in English and held by 256 WorldCat member libraries worldwide

Bank organizational form and the risks of expanded activities by Gary Whalen( )

2 editions published in 1997 in English and held by 251 WorldCat member libraries worldwide

The securities activities of the foreign subsidiaries of U.S. banks : evidence on risks and returns by Gary Whalen( )

2 editions published in 1998 in English and held by 249 WorldCat member libraries worldwide

Digging for gold in your own back yard : the complete homeowners guide to lowering your real estate taxes by Gary Whalen( Book )

4 editions published between 1990 and 1991 in English and held by 168 WorldCat member libraries worldwide

The wealth effects of OCC preemption announcements after the passage of the Georgia Fair Lending Act by Gary Whalen( )

2 editions published in 2004 in English and held by 23 WorldCat member libraries worldwide

"Rapid growth in subprime lending over the past decade has led to rising concerns about abusive practices by subprime lenders. By early 2004, those concerns prompted Georgia and more than 30 other states to pass laws designed to eliminate abusive or predatory lending practices by the financial services firms, including those with federal charters, operating within their boundaries. In 2003, the OCC concluded that federal law preempts the provisions of the Georgia Fair Lending Act (GFLA) that would otherwise affect national banks' real estate lending. In early 2004, the OCC adopted a final rule providing that state laws that regulate the terms of credit are preempted. The OCC has asserted that the growing number of state anti-predatory lending laws impose substantial compliance costs on banks, especially smaller, multistate banking organizations that must spread them over smaller levels of output. If these arguments are correct, preemption should reduce expected costs, increase expected revenue, and boost expected bank profitability, especially for smaller banking firms with multistate operations. Opponents of preemption have argued that material preemption benefits for national banks imply a significant competitive disadvantage for state banks and could induce enough state bank charter conversions to endanger the dual banking system
Predicting de novo branch entry into rural markets by Gary Whalen( Book )

4 editions published in 1989 in English and held by 22 WorldCat member libraries worldwide

Community bank strategic lending choices and performance by Gary Whalen( )

2 editions published in 2007 in English and held by 19 WorldCat member libraries worldwide

"Most community banks have been unable to increase dramatically the percentage of their revenue coming from non-traditional sources and so remain reliant on the net income generated by traditional intermediation activities. This continued dependence means that the lending strategy chosen by any community bank is a key determinant of its survival. In this study the lending strategies chosen by a sample of 5508 community banks are examined over the 1995 - 2004 period. Links among the chosen strategies, strategic change, and performance are also investigated using both univariate and regression analysis. The analysis of lending strategy trends reveals an increase in the percentage of community banks that emphasize lending to business borrowers and a decrease in the fraction of institutions specializing in loans to non-commercial customers. The data also indicate that the typical community bank changed its lending strategy over the decade, and many did so more than once. Differences in performance are evident across the strategic groups. The results indicate that business real estate lenders earned the highest returns over the decade, but also were the riskiest. When returns are adjusted for risk, a number of lending strategies produced performance exceeding that of business real estate lending, including residential real estate lending, diversified lending, and agricultural lending. The results show that strategic change reduces returns and increases risk, all else equal. The evidence indicates a large performance disadvantage for the smallest community banks regardless of the lending strategy they pursue"--Office of the Comptroller of the Currency web site
A Hazard model of CAMELS downgrades of low-risk community banks by Gary Whalen( )

2 editions published in 2005 in English and held by 18 WorldCat member libraries worldwide

Out-of-state holding company affiliation and small business lending by Gary Whalen( )

2 editions published in 1995 in English and held by 18 WorldCat member libraries worldwide

Multibank holding company organizational structure and performance by Gary Whalen( Book )

4 editions published in 1982 in English and held by 16 WorldCat member libraries worldwide

Wealth effects of intraholding company bank mergers : evidence from shareholder returns by Gary Whalen( )

2 editions published in 1994 in English and held by 13 WorldCat member libraries worldwide

Holding company organizational form and efficiency by Gary Whalen( Book )

3 editions published in 1983 in English and held by 12 WorldCat member libraries worldwide

The securities activities of the foreign subsidiaries of U.S. banks : by Gary Whalen( )

1 edition published in 1998 in English and held by 12 WorldCat member libraries worldwide

The competitive implications of safety net-related subsidies by Gary Whalen( Book )

11 editions published in 1997 in English and held by 11 WorldCat member libraries worldwide

Bank organizational form and the risks of expanded activities by Gary Whalen( Book )

11 editions published in 1997 in English and held by 11 WorldCat member libraries worldwide

Banking industry consolidation : efficiency issues by Robert DeYoung( Book )

3 editions published in 1994 in English and held by 6 WorldCat member libraries worldwide

 
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Audience level: 0.47 (from 0.28 for Digging fo ... to 0.82 for Wealth eff ...)

Languages
English (98)