Research Staff and Resources

Contact Information
202-452-3363
thomas.f.brady@frb.gov

Fields of Interest
Banking and Financial Institutions
Monetary Policy
Financial Markets

Education
Ph.D., Economics, State University of New York at Buffalo, 1970

Professional Experience
Board of Governors of the Federal Reserve System, 1978-present
Assistant Chief, Department of Banking and Financial Analysis, Bank of Canada, 1969-1978

Selected Publications

• What Drives the Persistent Competitiveness of Small Banks? (with William F. Bassett), Finance and Economics Discussion Series 2002-2002-28. Washington: Board of Governors of the Federal Reserve System, 2002.
• ''The Economic Performance of Small Banks'' (with William F. Bassett), Federal Reserve Bulletin, vol. 87 (November 2001), pp. 719-728.
• Using Subordinated Debt as an Instrument of Market Discipline (with Federal Reserve System Task Force on Subordinated Debt), Staff Study 172. Washington: Board of Governors of the Federal Reserve System, 1999.
• Balance Sheet, Profitability, and Regulatory Developments Affecting U.S. Commercial Banks, 1988-1998 (ed.). BIS Conference Papers, The Monetary and Regulatory Implications of Changes in the Banking Industry, vol. 7. Basel, Switzerland: Bank for International Settlements, 1999.
• ''Recent Changes to the Federal Reserve's Survey of Terms of Business Lending'' (with William B. English and Willian R. Nelson), Federal Reserve Bulletin, vol. 84 (August 1998), pp. 604-615.
• Responsibilities and Accountability of the Central Bank (ed.). The SEANZA Central Banking Course, vol. 20. Karachi, Pakistan: State Bank of Pakistan, 1994.
• ''Changes in Loan Pricing and Business Lending at Commercial Banks,'' Federal Reserve Bulletin, vol. 71 (January 1985), pp. 1-13.
• The Role of the Prime Rate in the Pricing of Business Loans by Commercial Banks, Staff Study 146. Washington: Board of Governors of the Federal Reserve System, 1985.
• Commercial Bank Business Lending by Size of Loan (ed.). Contemporary Studies in Economic and Financial Analysis, Sources of Finance for Small Business, vol. 42. Greenwich, Connecticut: JAI Press, Inc., 1984.
• The Federal Reserve System (in the Encyclopedia of Economics) (ed. with Henry C. Wallich). New York, New York: McGraw-Hill, 1981.
• Federal Reserve Policy (in the Encyclopedia of Economics) (ed. with Henry C. Wallich). New York, New York: McGraw-Hill, 1981.
• ''Changes in Bank Lending Practices, 1977-1979,'' Federal Reserve Bulletin, vol. 65 (October 1979), pp. 797-815.
• ''A Note on Revised Estimates of Float and the Effects on the Monetary Aggregates ,'' Bank of Canada Review (February 1978), pp. 19-32.