Avery, Robert B.; Bostic, Raphael W.; Calem, Paul S.; … - In: Federal Reserve Bulletin (1999) Feb, pp. 81-102
Consolidation among banking institutions has substantially changed the structure of the banking industry. Between 1975 and 1997, the number of commercial banks and savings associations declined more than 40 percent. Over the same broad period, the market for home mortgage lending has also...