This paper uses a unique database to test the effect of ATM surcharges on large versus small banks. Specifically, we examine the impact of ATM surcharges on bank customer incentives to switch accounts, from smaller banks to larger banks, in order to avoid ATM surcharges. We find that ATM surcharges increase the market share of deposits of large banks and decrease the market share of the smaller...

The primary functions of a bank are to obtain funds through deposits from external sources and to use the said funds to issue loans. Moreover, risk management practices related to the withdrawal of these bank deposits have always been of considerable interest. In this spirit, we construct Lévy process-driven models of banking reserves in order to address the problem of hedging deposit withdrawa...

This paper describes an on-going e-government pilot project to implement an electronic child support disbursement system in the state of Indiana. The new electronic disbursement system is designed to replace the current paper-based check system with a dual electronic system of direct bank deposits for custodial parents with bank accounts and commercial debit cards with a MasterCard logo for unb...

This paper uses a panel of state-level data to test whether changes in bank loan supply affect output. Since the U.S. states are small open economies with fixed exchange rates, state-specific shocks to money demand are automatically accommodated, leading to changes in lending if banks rely on deposits as a source of funding. Using these shocks as an instrumental variable, I find that shocks to ...

Current banking systems do not aim to protect user privacy. Purchases made from a single bank account can be linked to each other by many parties. This could be addressed in a straightforward way by generating unlinkable credentials from a single master credential using Camenisch and Lysyanskaya’s algorithm; however, if bank accounts are taxable, some report must be made to the tax authority ab...

Cell features that may favor resistance to cryoinjury were investigated. Subpopulations of all tissue bank deposits tested (5 human cell lines and 19 mouse tumors) survived up to 16 years of storage at —78°. The replicating capacity of trypan blue-excluding cells after prolonged cryopreservation was estimated by comparing the number of unstained cells needed to produce < 100% lethal takes wi...

Banks finance their loans and other assets with a mix of deposits, debt, and equity capital. Maintaining adequate capital is important for banks because it absorbs losses and protects them from failure. Capital also protects the financial system and overall economy from the costs that can arise from bank failures. For example, one of the reasons policymakers were concerned about financial stabi...

Cell features that may favor resistance to cryoinjury were investigated. Subpopulations of all tissue bank deposits tested (5 human cell lines and 19 mouse tumors) survived up to 16 years of storage at —78°. The replicating capacity of trypan blue-excluding cells after prolonged cryopreservation was estimated by comparing the number of unstained cells needed to produce < 100% lethal takes wi...

Despite recent innovations that might have reduced banks’ reliance on brick-and-mortar branches for distributing retail financial services, the number of U.S. bank branches has continued to increase steadily over time. Further, an increasing percentage of these branches are held by banks with large branch networks. This paper assesses the implications of these developments by examining a series...

Financial contagion is modeled as an equilibrium phenomenon in a dynamic setting with incomplete information and multiple banks. The equilibrium probability of bank failure is uniquely determined. We explore how the cross holding of deposits motivated by imperfectly correlated regional liquidity shocks can lead to contagious effects conditional on the failure of a financial institution. We show...