TY  - JOUR
AU  - Berger, Allen N
AU  - Kyle, Margaret K
AU  - Scalise, Joseph M
TI  - Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7689
PY  - 2000
Y2  - May 2000
DO  - 10.3386/w7689
UR  - http://www.nber.org/papers/w7689
L1  - http://www.nber.org/papers/w7689.pdf
N1  - Author contact info:
Allen N. Berger
University of South Carolina
1014 Greene Street
Columbia, SC  29208
Tel: 803-777-8440
Fax: 803-777-6876
E-Mail: aberger@moore.sc.edu

Margaret Kyle
MINES ParisTech (CERNA)
and PSL Research University
60 boulevard Saint Michel
75006 Paris
France
E-Mail: margaret.kyle@mines-paristech.fr
M1  - published as Allen N. Berger, Margaret K. Kyle, Joseph M. Scalise. "Did U.S. Bank Supervisors Get Tougher during the Credit Crunch? Did They Get Easier during the Banking Boom? Did It Matter to Bank Lending?," in Frederic S. Mishkin, editor, "Prudential Supervision: What Works and What Doesn't" University of Chicago Press (2001)

AB  - We test three hypotheses regarding changes in supervisory toughness' and their effects on bank lending.  The data provide modest support for all three hypotheses   that there was an increase in toughness during the credit crunch period (1989-1992), that there was a decline in toughness during the boom period (1993-1998), and that changes in toughness, if they occurred, affected bank lending.  However, all of the measured effects are small, with 1% or less of loans receiving harsher or easier classification, about 3% of banks receiving better or worse CAMEL ratings, and bank lending being changed by 1% or less of assets.
ER  -