Prepared Statement of Patricia A. McCoy Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Hearing on 'Consumer Protections in Financial Services,' March 3, 2009

2009 ◽  
Author(s):  
Patricia A. McCoy
Keyword(s):  
Financial Services ◽  
Urban Affairs ◽  
Senate Committee ◽  
Prepared Statement ◽  
The U.S

scholarly journals The value of in-person banking: evidence from U.S. small businesses

2021 ◽  
Author(s):  
Song Zhang ◽  
Liang Han ◽  
Konstantinos Kallias ◽  
Antonios Kallias
Keyword(s):  
Interest Rates ◽  
Interpersonal Communication ◽  
Rural Areas ◽  
Financial Services ◽  
Small Businesses ◽  
Business Owners ◽  
Soft Information ◽  
Face To Face ◽  
Treatment Effect Models ◽  
The U.S

AbstractWe produce the first systematic study of the determinants and implications of in-person banking. Using survey data from the U.S., we show that firms which are informationally opaque or operate in rural areas are liable to contact their primary bank in-person. This tendency extends to older, less educated, and female business owners. We find that a relationship based on face-to-face communication, on average, lasts 17.88 months longer, spans a wider range of financial services, and is more likely to be exclusive. The associated loans mature 3.37 months later and bear interest rates which are 11 basis points lower. For good quality firms, in-person communication also relates to less discouraged borrowing. These results are robust to multiple approaches for endogeneity, including recursive bivariate probits, treatment effect models, and instrumental variables regressions. Overall, our findings offer empirical grounding to soft information theory and a note of caution to banks against suppressing channels of interpersonal communication.

scholarly journals Energy-Related Input Demand by Crop Producers

1983 ◽  
Vol 15 (2) ◽  
pp. 63-69 ◽  
Author(s):  
James B. Kliebenstein ◽  
Francis P. McCamley
Keyword(s):  
Total Energy ◽  
Energy Use ◽  
Fiber Production ◽  
Senate Committee ◽  
Farm Level ◽  
Threefold Increase ◽  
Input Demand ◽  
Level Production ◽  
The U.S

Energy use in U.S. production of food and fiber is extensive and has increased rapidly. A threefold increase occurred from 1940 to 1970 (Carter and Yonde). Food and fiber production accounted for about 13 percent of the total energy consumed in the U.S. in 1980 (Duncan and Webb). Of the total energy use in food and fiber production, farm level production directly consumes about 21 percent (U.S. Senate Committee on Agriculture and Forestry).

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