Consolidation in U.S. banking: Implications for efficiency and risk

Abstract

Reserve Bank of Minneapolis. We thank Alan Berger for assistance with the data; Yakov Amihud and Greg Udell for helpful comments on an earlier draft. We thank Jody Fahland for excellent word processing, editorial inputs, and physiological support; Gary Barger, Yanat Chhi th, and Jason Schmidt for computational assistance. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.