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Bank Size, Bank Capital, and the Bank Lending Channel

Ruby P. Kishan and Timothy P. Opiela
Journal of Money, Credit and Banking
Vol. 32, No. 1 (Feb., 2000), pp. 121-141
DOI: 10.2307/2601095
Stable URL: http://www.jstor.org/stable/2601095
Page Count: 21
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Bank Size, Bank Capital, and the Bank Lending Channel
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Abstract

This paper provides evidence of a credit channel and a bank lending channel of monetary policy in the United States from 1980 to 1995. We test for bank loan supply shifts by segregating banks according to asset size and capital leverage ratio. The loan growth of small (under $300M) undercapitalized (capital-asset ratio <8%) banks, small (under $100M) adequately capitalized (8% 10%) banks is significantly affected by policy. This has important implications for the strength and distributional effects of monetary policy, and for the link between stabilization and regulatory policy.

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