Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression
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We thank Ngoc Ngo, Julie Van Tighem, and Tai Yu Chen for excellent research assistance; the Leavey and Dean Witter Foundations for financial support; Cydney Hill for assistance with supplemental information on Bank of America's branches; and Charles Riggs of Wells Fargo for assistance with archival material. We also thank seminar and conference participants at UC Davis, NBER (DAE Program), the Bank of Japan, Northwestern University, University of Tokyo, and the ASSA, BHC, WEA, and SSHA annual meetings as well as Joe Mason, Charles Calomiris, Eugene White, Dick Sylla, and Fred Smith for useful comments and suggestions. The views presented in this paper are solely those of the authors and do not necessarily represent those of the Federal Reserve System or its staff. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.