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David C. Wheelock

Vice President and Deputy Director of Research


Ph.D. Economics
University of Illinois

M.S. Economics
University of Illinois

B.S. Economics
Iowa State University

Contact Info

Phone: (314) 444-8570
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries contact:
Laura Girresch
Office: (314) 444-6166
Cell: (314) 348-3639

Selected Publications

"Why Do Banks Fail? Evidence from the 1920s"
with Lee J. Alston and Wayne A. Grove
Explorations in Economic History, October 1994, 31(4), pp. 409-31.

"The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933"
with Michael D. Bordo,
in Michael D. Bordo and William Roberds, eds., The Origins, History, and Future of the Federal Reserve: A Return to Jekyll Island, Cambridge University Press, 2013, pp. 59-98.

"Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets"
with Kris James Mitchener.
Explorations in Economic History, 50(2), pp. 161-178, April 2013.

"Do Large Banks have Lower Costs? New Estimates of Returns to Scale for U.S. Banks"
with Paul Wilson.
Journal of Money, Credit, and Banking, 44(1), pp. 171-99, February 2012.

"Are Credit Unions Too Small?"
with Paul Wilson.
Review of Economics and Statistics, 93(4), pp. 1343-59, November 2011.


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