Contact Information
202-452-3019
diana.hancock@frb.gov

Fields of Interest
Banking and Financial Institutions
Monetary Economics
Asset Pricing

Education
Ph.D., Economics, University of British Columbia, 1983
B.S., Mathematics and Economics, University of Santa Clara, 1977

Professional Experience
Board of Governors of the Federal Reserve System, 1991-present
Visiting Assistant Professor of Economics, Stanford University, 1988-1991
Visiting Scholar, Federal Reserve Bank of Kansas City, 1986-1987
Assistant Professor of Finance, University of Santa Clara, 1984-1991
Associate Editor, Journal of Banking and Finance, 1994-1999
Board of Editors, Atlantic Economic Journal, 1998

Selected Publications

• ''Using Subordinated Debt to Monitor Bank Holding Companies: Is it Feasible?'' (with Myron L. Kwast), Journal of Financial Services Research, vol. 20 (October 2001), pp. 147-87.
• ''The ‘Credit Crunch’ and the Availability of Credit to Small Businesses'' (with James A. Wilcox), Journal of Banking and Finance, vol. 22 (August 1998), pp. 983-1014.
• ''A Framework for Analyzing Efficiency, Risks, Costs, and Innovations in Payments Systems'' (with Allen N. Berger and Jeffrey C. Marquardt), Journal of Money, Credit, and Banking, vol. 28 (November 1996), pp. 696-732.
• ''Intraday Management of Bank Reserves: The Effects of Caps and Fees on Daylight Overdrafts'' (with James A. Wilcox), Journal of Money, Credit, and Banking, vol. 28 (November 1996), pp. 870-908.
• ''Bank Capital Shocks: Dynamic Effects on Securities, Loans, and Capital'' (with Andrew J. Laing and James A. Wilcox), Journal of Banking and Finance, vol. 19 (June 1995), pp. 661-67.
• ''Bank Capital and the Credit Crunch: The Roles of Risk-Weighted and Unweighted Capital Regulations'' (with James A. Wilcox), Journal of the American Real Estate and Urban Economics Association, vol. 22 (Spring 1994), pp. 59-94.
• ''Bank Efficiency Derived From the Profit Function'' (with Allen N. Berger and David B. Humphrey), Journal of Banking and Finance, vol. 17 (April 1993), pp. 317-47.
• A Theory of Production for the Financial Firm. Norwell, Massachusetts: Kluwer Academic Publishers, 1991.
• ''The Financial Firm: Production with Monetary and Nonmonetary Goods,'' Journal of Political Economy, vol. 93 (October 1985), pp. 859-80.
• ''Bank Profitability, Interest Rates, and Monetary Policy,'' Journal of Money, Credit and Banking, vol. 17 (May 1985), pp. 189-202.
• ''A Reconsideration of the Risk Sensitivity of U.S. Banking Organization Subordinated Debt Spreads: A Sample Selection Approach'' (with Myron L.Kwast and Daniel M. Covitz), Federal Reserve Bank of New York Economic Policy Review, vol. 10 (September 2004), pp. 73-92.