Meet the Researchers
Diana Hancock
Senior Associate Director
Program Direction Section
Research and Statistics
202-452-3019
[email protected]
[email protected]
Education
- Ph.D., Economics, University of British Columbia, 1983
- B.S., Mathematics and Economics, University of Santa Clara, 1977
Current Research Topics
- Financial Stability, Monetary Policy, Bank Capital
- Transmission Mechanisms, Mortgage Markets
Senior Associate Director
Board of Governors of the Federal Reserve System
2015 - presentAssociate Director
Board of Governors of the Federal Reserve System
2014 - 2015Deputy Associate Director
Board of Governors of the Federal Reserve System
2009 - 2014Assistant Director
Board of Governors of the Federal Reserve System
2004 - 2009Chief, Monetary and Financial Studies
Board of Governors of the Federal Reserve System
1999 - 2004Senior Economist
Board of Governors of the Federal Reserve System
1996 - 1999Economist
Board of Governors of the Federal Reserve System
1991 - 1996Visiting Assistant Professor of Economics
Stanford University
1988 - 1991Visiting Scholar
Federal Reserve Bank of Kansas City
1986 - 1987Assistant Professor of Finance
University of Santa Clara
1984 - 1991
- Are Incurred Loss Standards Countercyclical? A Case Study Using U.S. Bank Holding Company Data
Fang Du, Diana Hancock, and Alexander H. von Hafften
Journal of Risk and Financial Management (2022)
https://doi.org/10.3390/jrfm15030111 - Climate Change and Financial Stability
Celso Brunetti, Benjamin Dennis, Dylan Gates, Diana Hancock, David Ignell, Elizabeth K. Kiser, Gurubala Kotta, Anna Kovner, Richard J. Rosen, and Nicholas K. Tabor
FEDS Notes (2021)
https://doi.org/10.17016/2380-7172.2893 - The Costs and Benefits of Bank Capital—A Review of the Literature
Martin Birn, Olivier de Bandt, Simon Firestone, Matías Gutiérrez Girault, Diana Hancock, Tord Krogh, Hitoshi Mio, Donald P. Morgan, Ajay Palvia, Valerio Scalone, Michael Straughan, Arzu Uluc, Alexander H. von Hafften, and Missaka Warusawitharana
Journal of Risk and Financial Management (2020)
https://doi.org/10.3390/jrfm13040074 - ’Tailoring’ Financial Regulations
Diana Hancock
Policy Research Meeting on Financial Markets and Institutions: Proceedings of the Conference in Memory of Andrea Generale, Rome (2019) - Cost of Funds Indexed Mortgage Contracts With Government-Backed Catastrophic Insurance (COFI-Cats): A Realistic Alternative to the 30-Year Fixed-Rate Mortgage?
Diana Hancock and Wayne Passmore
Journal of Economics & Business (2016)
https://doi.org/10.1016/j.jeconbus.2016.02.004 - Macroprudential Mortgage-Backed Securitization: Can it Work?
Diana Hancock and Wayne Passmore
Principles of Housing Finance Reform (2016) - How Does the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates?
Diana Hancock and Wayne Passmore
Real Estate Economics (2015)
https://doi.org/10.1111/1540-6229.12109 - Traditional Banks, Shadow Banks, and Financial Stability
D. Hancock and Wayne Passmore
Shadow Banking Within and Across National Borders (2015) - How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates
Diana Hancock and Wayne Passmore
Finance and Economics Discussion Series (2014)
https://doi.org/10.17016/FEDS.2014.012 - The Federal Reserve's Portfolio and its Effects on Mortgage Markets
Diana Hancock and Wayne Passmore
Finance and Economics Discussion Series (2012)
https://doi.org/10.17016/FEDS.2012.22 - Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition
W. S. Frame, Diana Hancock, and Wayne Passmore
Journal of Money, Credit and Banking (2012)
https://doi.org/10.1111/j.1538-4616.2012.00505.x
See also » FRB Working Paper (2007) - Did the Federal Reserve's MBS purchase program lower mortgage rates?
Diana Hancock and Wayne Passmore
Journal of Monetary Economics (2011)
https://doi.org/10.1016/j.jmoneco.2011.05.002
See also » FRB Working Paper (2011) - Catastrophic Mortgage Insurance and the Reform of Fannie Mae and Freddie Mac
Diana Hancock and Wayne Passmore
Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market (2011) - The Future of Fannie Mae and Freddie Mac
Diana Hancock and Wayne Passmore
Journal of Applied Finance (2011) - An Analysis of Government Guarantees and the Functioning of Asset-Backed Securities Markets
Diana Hancock and Wayne Passmore
Finance and Economics Discussion Series (2010)
https://doi.org/10.17016/FEDS.2010.46 - The Bank Lending Channel of Monetary Policy and its Effect on Mortgage Lending
Lamont K. Black, Diana Hancock, and Wayne Passmore
Finance and Economics Discussion Series (2010)
https://doi.org/10.17016/FEDS.2010.39 - Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability
Diana Hancock and S. Wayne Passmore
B.E. Journal of Economic Analysis & Policy (2009)
https://doi.org/10.2202/1935-1682.2226 - Bank Core Deposits and the Mitigation of Monetary Policy
Lamont Black, Diana Hancock, and Wayne Passmore
Finance and Economics Discussion Series (2007)
https://doi.org/10.17016/FEDS.2007.65 - A Summary of Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition
W. Scott Frame, Diana Hancock, and S. Wayne Passmore
Proceedings of a Conference on Bank Structure and Competition (2007) - Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition
W. Scott Frame, Diana Hancock, and Wayne Passmore
Working Paper (Federal Reserve Bank of Atlanta) (2007)
See also » FRB Working Paper (2007) - Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition
W. Scott Frame, Diana Hancock, and S. Wayne Passmore
Proceedings of a Conference on Bank Structure and Competition (2007)
See also » FRB Working Paper (2007) - Does Trading Frequency Affect Subordinated Debt Spreads?
Christopher Bianchi, Diana Hancock, and Laura Kawano
Finance and Economics Discussion Series (2005)
https://doi.org/10.17016/FEDS.2005.08 - An Analysis of the Potential Competitive Impacts of Basel II Capital Standards on U.S. Mortgage Rates and Mortgage Securitization
S. Wayne Passmore, Diana Hancock, Andreas Lehnert, and Shane M. Sherlund
Basel II White Paper (2005) - What Does the Yield on Subordinated Bank Debt Measure?
Urs Birchler and Diana Hancock
SNB Working Papers (2004)
See also » FRB Working Paper (2004) - A Reconsideration of the Risk Sensitivity of U.S. Banking Organization Subordinated Debt Spreads: A Sample Selection Approach
Daniel M. Covitz, Diana Hancock, and Myron L. Kwast
Economic Policy Review (2004) - Estimates of Scale and Cost Efficiency for Federal Reserve Currency Operations
James Bohn, Diana Hancock, and Paul Bauer
Economic Review (Federal Reserve Bank of Cleveland) (2001) - Using Subordinated Debt to Monitor Bank Holding Companies: Is It Feasible?
Diana Hancock and Myron L. Kwast
Journal of Financial Services Research (2001)
https://doi.org/10.1023/A:1012460007340
See also » FRB Working Paper (2001) - Why Are Bank Profits So Persistent? The Roles of Product Market Competition, Informational Opacity, and Regional/Macroeconomic Shocks
Allen N. Berger, Seth D. Bonime, Daniel M. Covitz, and Diana Hancock
Journal of Banking & Finance (2000)
https://doi.org/10.1016/S0378-4266(99)00124-7
See also » FRB Working Paper (1999) - Review of: Performance of financial institutions: Efficiency, innovation, regulation
Diana Hancock
Journal of Economic Literature (2000)
https://doi.org/10.1257/jel.38.4.936 - Cost Reductions in Electronic Payments: The Roles of Consolidation, Economies of Scale, and Technical Change
Diana Hancock, David B. Humphrey, and James A. Wilcox
Journal of Banking & Finance (1999)
https://doi.org/10.1016/S0378-4266(98)00108-3 - The 'Credit Crunch' and the Availability of Credit to Small Business
Diana Hancock and James A. Wilcox
Journal of Banking & Finance (1998)
https://doi.org/10.1016/S0378-4266(98)00040-5 - Payment Transactions, Instruments, and Systems: A Survey
Diana Hancock and David B. Humphrey
Journal of Banking & Finance (1997)
https://doi.org/10.1016/S0378-4266(97)00046-0 - Bank Capital, Nonbank Finance, and Real Estate Activity
Diana Hancock and James A. Wilcox
Journal of Housing Research (1997) - Intraday Management of Bank Reserves: The Effects of Caps and Fees on Daylight Overdrafts
Diana Hancock and James A. Wilcox
Journal of Money, Credit and Banking (1996)
https://doi.org/10.2307/2077926 - A Framework for Analyzing Efficiency, Risks, Costs, and Innovations in the Payments System
Allen N. Berger, Diana Hancock, and Jeffrey C. Marquardt
Journal of Money, Credit and Banking (1996)
https://doi.org/10.2307/2077917 - Scale Economies and Technological Change in Federal Reserve ACH Payment Processing
Paul W. Bauer and Diana Hancock
Economic Review (Federal Reserve Bank of Cleveland) (1995) - Bank Capital Shocks: Dynamic Effects on Securities, Loans, and Capital
Diana Hancock, Andrew J. Laing, and James A. Wilcox
Journal of Banking & Finance (1995)
https://doi.org/10.1016/0378-4266(94)00147-U - Are Basle Capital Standards To Blame For The Credit Crunch
Diana Hancock
Journal of Finance (1994)
https://doi.org/10.1111/j.1540-6261.1994.tb00088.x - Bank Capital and the Credit Crunch: The Roles of Risk-Weighted and Unweighted Capital Regulations
Diana Hancock and James A. Wilcox
Real Estate Economics (1994)
https://doi.org/10.1111/1540-6229.00626 - Bank Capital, Loan Delinquencies, and Real Estate Lending
Diana Hancock and James A. Wilcox
Journal of Housing Economics (1994)
https://doi.org/10.1006/jhec.1994.1004 - Measuring Efficiency In Banking Using Profit-Functions
Allen N. Berger and Diana Hancock
Journal of Finance (1993)
https://doi.org/10.1111/j.1540-6261.1993.tb04030.x - Bank Efficiency Derived from the Profit Function
Allen N. Berger, Diana Hancock, and David B. Humphrey
Journal of Banking & Finance (1993)
https://doi.org/10.1016/0378-4266(93)90035-C - The Efficiency of the Federal Reserve in Providing Check Processing Services
Paul W. Bauer and Diana Hancock
Journal of Banking & Finance (1993)
https://doi.org/10.1016/0378-4266(93)90033-A - Has there been a 'Capital Crunch' in Banking? the Effects on Bank Lending of Real Estate Market Conditions and Bank Capital Shortfalls
Diana Hancock and James A. Wilcox
Journal of Housing Economics (1993)
https://doi.org/10.1006/jhec.1993.1003 - Measurement and Efficiency Issues in Commercial Banking: Comment
Diana Hancock
Output measurement in the service sectors (1992) - Bank Efficiency Derived from a Profit Function
Allen N. Berger, Diana Hancock, and David B. Humphrey
Finance and Economics Discussion Series (1992) - Recent Developments Affecting the Profitability and Practices of Commercial Banks
Allan D. Brunner, Diana Hancock, and Mary M. McLaughlin
Federal Reserve Bulletin (1992) - A Theory of Production for the Financial Firm
Diana Hancock
Innovations in financial markets and institutions (1991)
https://doi.org/10.1007/978-94-011-3870-3 - Bank Profitability, Deregulation, and the Production of Financial Services
Diana Hancock
Research working paper (Federal Reserve Bank of Kansas City) (1989) - Aggregation of Monetary Goods: A Production Model
Diana Hancock
New approaches to monetary economics (1987)
https://doi.org/10.1017/CBO9780511759628.010 - Testing Price Taking in Loan and Deposit Markets by Financial Firms
Diana Hancock
Financial Review (1986)
https://doi.org/10.1111/j.1540-6288.1986.tb01121.x - A Model of the Financial Firm with Imperfect Asset and Deposit Elasticities
Diana Hancock
Journal of Banking & Finance (1986)
https://doi.org/10.1016/0378-4266(86)90019-1 - Bank Profitability, Interest Rates, and Monetary Policy
Diana Hancock
Journal of Money, Credit and Banking (1985)
https://doi.org/10.2307/1992333 - The Financial Firm: Production with Monetary and Nonmonetary Goods
Diana Hancock
Journal of Political Economy (1985)
https://doi.org/10.1086/261339
conference
May 2006Proceedings, The Art of the Loan in the 21st Century: Producing, Pricing, and Regulating Credit, The 42nd Conference on Bank Structure Competition
"Federal Reserve Research on Government-Sponsored Enterprises," with Wayne Passmore, Gillian Burgess, Andreas Lehnert, Shane M. Sherlund
conference
May 2005Proceedings, Innovations in Real Estate Markets: Risks, Rewards, and the Role of Regulation, The 41st Conference on Bank Structure Competition
"Basel II Competitive Implications," with Wayne Passmore
conference
May 1998Proceedings, Payment Systems in the Global Economy: Risks and Opportunities, The 34th Annual Conference on Bank Structure and Competition
"The Extraordinary Persistence of Profits in the U.S. Banking Industry: A Breakdown of the Competitive Paradigm?" with Allen N. Berger and Dan Covitz
conference
January 1997Allied Social Sciences Association Meetings
"Demand for Fedwire Payment Services: The Effect of Macroeconomic Shocks and Banking Consolidation," with James A. Wilcox
conference
May 1996Proceedings, Rethinking Bank Regulation: What Should Regulators Do? The 32nd Annual Conference on Bank Structure and Competition
"Measuring the Efficiency of Financial Institutions: The Importance of Choosing a Frontier."
seminar
April 1995Joint Washington University - Federal Reserve Bank of St. Louis Seminar Series
"Superlative Bank Credit Indexes and the Lending Channel," with Dennis Fixler
conference
May 1993Proceedings, FDICIA: An Appraisal, The 29th Annual Conference on Bank Structure and Competition
"Domestic and International Capital Standards and Bank Assets," with James A. Wilcox
conference
May 1992Proceedings, Credit Markets in Transition, The 28th Annual Conference on Bank Structure and Competition
"The Effects on Bank Assets of Business Conditions and Capital Shortfalls," with James A. Wilcox
Awards
- 1986
Eastern Finance Association
Best Paper Award
- 1997
Reserve Bank Operations and Payment Systems
Special Achievement Award
Conference Organization
2004-2011 | ASSA Meetings
Federal Reserve System Day Ahead Conferences
Organizing Committee
Editor
- Editorial Board, AESTIMATIO, The IEB Journal of Finance, 2010 - present
- Board of Editors, Atlantic Economic Journal, 1998 - present
- Associate Editor, Journal of Banking and Finance, 1994-1999
Referee
- Journal of Monetary Economics
- American Economic Review
- Journal of Political Economy
- Journal of Money, Credit, and Banking
Professional Affiliation
- President, International Banking, Economics and Finance Association, 2011
- Program Chair, International Banking, Economics and Finance Association, 2010
Last Update:
August 2, 2024