Organizational Structure and Performance

Working papers of the Federal Reserve Bank of Cleveland are prel iminary materials, circulated to stimulate discussion and c r i t i ca l comment. The views s tated herein are those of the author and not necessarily those of the Federal Reserve Bank of Cleveland or of the Board of Governors of the Federal Reserve System. Because of the prel iminary nature of this paper, reference should not be made without obtaining the author 's writ ten per-mission. The author would 1 i ke to thank a1 1 responding holding company executives whose cooperation made th i s study possible