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Bank Regulation and Bank Complexity

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Abstract

U.S. Bank Holding Companies (BHCs) currently control about 3,000 subsidiaries that provide community housing services?such as building low-income housing units, maintaining shelters, and providing housing services to the elderly and disabled. This aspect of U.S. BHC activity is intriguing because it departs from the traditional deposit-taking and loan-making operations typically associated with banks. But perhaps most importantly, the sheer number of these subsidiaries makes one think about the organizational complexity of U.S. BHCs. This is an issue that has generated much discussion in recent years. In this post we describe the emergence and growth of community housing subsidiaries and discuss to what extent they contribute to the complexity of their parent organizations.

Suggested Citation

  • Nicola Cetorelli & Rose Wang, 2016. "Bank Regulation and Bank Complexity," Liberty Street Economics 20160406, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87114
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    Cited by:

    1. Correa, Ricardo & Goldberg, Linda S., 2022. "Bank complexity, governance, and risk," Journal of Banking & Finance, Elsevier, vol. 134(C).
    2. Nicola Cetorelli & Michael G. Jacobides & Samuel Stern, 2021. "Mapping a sector's scope transformation and the value of following the evolving core," Strategic Management Journal, Wiley Blackwell, vol. 42(12), pages 2294-2327, December.

    More about this item

    Keywords

    Community Reinvestment Act; affordable housing; community housing services; bank holding companies;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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