Kenneth Spong

Kenneth Spong

Assistant Vice President and Economist
Federal Reserve Bank of Kansas City
1 Memorial Drive
Kansas City, MO 64198


Kenneth Spong is an Assistant Vice President and Economist in the Banking Research Department at the Federal Reserve Bank of Kansas City. Mr. Spong has been with the Federal Reserve since 1973 and is engaged in research on a variety of topics related to the regulation, supervision, and performance of banks and other financial institutions. This research includes: corporate governance and the ownership and management structure of banks, large banks and too-big-to-fail concerns, small business lending, interstate banking, and home financing and homeownership issues among low-income households. This research has been published in a variety of Federal Reserve, academic and banking trade publications. In addition, Mr. Spong has written a book on bank regulation—Banking Regulation: Its Purposes, Implementation, and Effects—which is now in its fifth edition.

Mr. Spong has a MA in economics from the University of Chicago and a BA in mathematics and economics from the University of Kansas.

Professional Journals and Books

  • "Corporate Governance in the United States Banking System"
    In Corporate Governance Evolution in Banks, edited by Alexander N. Kostyuk, Michelle Pizzo, and Mitsuru Mizuno, Virtus Interpress, 2012, pp. 15-33.
  • "Tax Incentives for Homeownership and the Provision of Local Public Services"
    with Kelly D. Edmiston. Public Finance Review, vol. 40, January 2012, pp. 116-144
  • "Bank Ownership and Risk Taking: Improving Corporate Governance in Banking after the Crisis"
    with Richard J. Sullivan, Chapter 7 in Research Handbook on International Banking and Governance, edited by James R. Barth, Chen Lin, and Clas Wihlborg, Edward Elgar Publishing Ltd, 2012.
  • "Federal Housing Policies and the Recent Financial Crisis"
    with Ronnie J. Phillips, Chapter 9 in Socially Responsible Finance and Investing, edited by John Nofsinger and Kent Baker, John Wiley & Sons, Inc., 2012.
  • "The Kansas City Plan"
    with Thomas M. Hoenig and Charles S. Morris, Chapter 10 in Ending Governement Bailouts As We Know Them, edited by Kenneth E. Scott, George Shultz, and John B. Taylor, Hoover Institution Press, 2010, pp. 189-215.
  • "Manager Wealth Concentration, Ownership Structure, and Risk in Commercial Banks"
    with Richard J. Sullivan. Journal of Financial Intermediation, April 2007, pp. 229-48
  • "Corporate Governance and Bank Performance"
    In Benton E. Gup, ed., Corporate Governance in Banking: A Global Perspective. (Cheltenham, UK and Northampton, MA, USA: Edward Elgar, 2007)
  • "The Income Geography of Tax Incentives for Home Ownership: Evidence from the Kansas City Metropolitan Area"
    with Kelly Edmiston. National Tax Association Proceedings (99th Annual Conference on Taxation), 2006, pp. 263-271
  • "The Effect of Wealth and Ownership on Firm Performance"
    with Richard J. Sullivan. Journal of Financial Transformation, December 2005, pp. 39-47
  • "The US Financial Sector: Regulatory Issues"
    In Alan M. Rugman and Gavin Boyd, eds., Alliance Capitalism for the New American Economy. (Cheltenham, UK and Northampton, MA, USA: Edward Elgar, 2003)
  • "Banking Regulation"
    In Malcolm Warner, ed., International Encyclopedia of Business & Management. (London, UK: Thomson Learning, 2002)
  • "Who’s Minding the Store? Motivating and Monitoring Hired Managers at Small, Closely Held Commercial Banks"
    with Robert DeYoung and Richard J. Sullivan. Journal of Banking and Finance 25(7), July 2001, pp. 1209-1242
  • "Narrow Banks: An Alternative Approach to Banking Reform"
    In Dimitri B. Papadimitriou, ed., Stability in the Financial System. (London, UK: MacMillan Press, Ltd., 1996)
  • "How a Changing Economy Can Impact Loan Losses"
    with Catharine Lemieux. Journal of Agricultural Lending 6(3), Spring 1993, pp. 30-35
  • "Potential Competition and the Factors Influencing Banking Concentration"
    with Thomas G. Watkins. Review of Industrial Organization 2(2), 1985, pp. 95-105
  • "Potential Competition and Bank Acquisitions in Texas"
    with Thomas G. Watkins. Southwest Journal of Business and Economics 1(4), Summer 1984, pp. 1-10
  • "An Examination of Individual Bank Growth"
    with Thomas Hoenig. Journal of Bank Research 7,Winter 1977, pp. 303-310

Economic Review Articles

Research Working Papers

District Banking Publications

Other Banking Industry Publications

  • "Promoting Wealth Building Through Homeownership,"
    with Kelly D. Edmiston, Networks Financial Institute, Working Paper Series: 2012-WP-04.
  • "Resolution Process for Financial Companies that Pose Systemic Risk To the Financial System and Overall Economy"
    with Thomas M. Hoenig and Charles S. Morris, September 2009
  • "Recovering from a Tornado: The Bankers’ Response and How to Draft Effective Emergency Plans"
    with Eric Robbins. The RMA Journal, July-August 2008
  • "Private Ownership and its Influence on Bank Performance"
    with Richard J. Sullivan. The Chinese Banker, April 2007
  • "Diminishing Liquidity: How the Decline in Core Deposits is Affecting Community Banks"
    with Jim Harvey. Independent Banker, May 2002
  • "The Relationship Between Loan Classifications and Losses: The Effects of a Changing Economy"
    with Catherine Lemieux. The Examiner, Winter 1993
  • "Term Loans – Why Are They a Problem for Borrowers and Lenders During Inflation?"
    The Journal of Commercial Bank Lending
    , May 1983
  • "The Paradox of Record Bank Earnings and Declining Capital"
    with Larry Meeker and Forest Myers. The Magazine of Bank Administration, October 1980
  • "Bank Loans and the Economy"
    with Thomas Hoenig. The Examiner, Spring 1980