ANDREW FRANK THOMPSON, JR

Administrative Experience

1999-        Professor of  Finance, UNI College of Business 

1990-98    Head, Dept. of Finance, UNI College of Business

Worked with 10 faculty/instructors serving 381 majors in Finance

 

Assisted the UNI College of Business faculty and administration in achieving AACSB accreditation  for the first time in Spring 1993

 

Worked with the UNI Foundation and the Finance faculty to raise $350,000 in gifts and endowments to the UNI College of Business in order to develop the UNI Financial Services Program.

1986-87    Federal Faculty Fellowship, Financial Economist/Actuary, FHLBB

Served as director of actuarial and financial risk studies for the Federal Home Loan Bank Board in 1986-87.

 

Assisted the Federal Savings and Loan Insurance Corporation in determining contingent loss reserves on failed financial institutions, and development of analysis for the claim settlement process. 

1980-90      Associate Professor of Finance, Insurance and Actuarial Science,

University of Cincinnati, College of Business

 

Served as Director of the Insurance and Actuarial Science Program from 1980 to 1986.

 

Ph.D. Coordinator for the U.C. Dept. of  Finance, 1984-85.

 1980-81     AACSB Federal Faculty Fellowship, Financial Economist, FHLBB

Administrative Appointment to the Federal Home Loan Bank Board as a federal faculty

fellow under AACSB.  Completed a research study for the Office of Policy and Economic

Research on the actuarial adequacy of the deposit insurance fund.

 

Worked with the Bank Board staff in framing regulation and policy related to the development

of reverse annuity mortgages within the financial services sector. 

1978-80     Assistant Professor of Finance, Iowa State University

                  Department of Industrial Administration, College of Science & Humanities

Worked with the Finance faculty in an inter-disciplinary department of forty-five

 professors to develop the finance and risk management curriculum prior to  the

department moving to a College of Business and obtaining AACSB accreditation. 

1977-78     Visiting Assistant Professor of Management, University of Nebraska

College of Business Administration, Lincoln, Nebraska

Mentored by the Production Management and Decision Sciences faculty in teaching Operations

Management and Decision Theory classes for upper level undergraduate students. 

International Teaching Experience

Assisted the Program Director in developing and delivering a course in International Finance to 

graduate students from Denmark, Norway, Germany and Sweden during the Spring Quarter 1991.

        1977     Ph.D., Economics - Actuarial Science, Monetary and Capital Theory

Illinois State University, College of Arts and Sciences

    University of Northern Iowa: University Committee Work

    Served as Chair of the following Committees:

            Supervised graduate students completing their MBA capstone requirement  involviing the development of a business plan             and marketing strategy which incorporates an analysis of the current financing, marketing and cost structures of SMART             Public Safety Software, with a focus on the firm's short and long term financing options. [ Manoj Bhandari, Steve Forest,             Helen Miao, and Eric Ponto]

        UNI College of Business Search Committee for a Corporate Relations Officer, 1993.

        Doctoral Dissertation Committee, Department of Industrial Technology, for Souleymane Boukari, 1991-94

       Blackhawk County Treasurer’s Investment Advisory Committee, 1992-

          Helped the Treasurer, Ms. Barbara Freet, develop a set of Investment Guidelines in the aftermath of the Iowa

         Trust  Fund Bankruptcy. The Blackhawk County Treasurer was able to recover the entire $1.5 million

        Doctoral Dissertation Committee, Department of Industrial Technology, for Chuan-Chun Wu, 1991-1994

            Worked with faculty to review, evaluate and benchmark the UNI program with other MBA curriculums

            across the U.S. and Europe. The John Deere MBA program evolved from these discussions in 1995.

            Worked with a faculty/administrative committee and President Koob’s wife to plan for the first time an

             all-university picnic with over 1800 invitees. Developed the budget and coordinated purchases to meet

        Faculty Advisor, Omicron Delta Kappa, UNI Circle, 2000-

        Faculty Advisor, UNI Tennis Club, 2004-

Presentations to Business Leaders

       "Analysis of Valuation Theory in Relation to EMH and Personal Investing," Iowa Chapter of the Institute of  Management

         Accountants,  Cedar Falls, IA., Spring 2005..

        "Analysis of Financial Risks in U.S. Savings and Loans," Iowa Chapter of the Institute of  Management

         Accountants,  Cedar Falls, IA., Fall 1994.

        "Techniques to Analyze Problems in U.S. Financial Institutions" Luncheon Speaker, Canadian Institute

          of Actuaries and  the Actuarial Conference on Financial Institution Risks, Toronto, Canada, 1993.

        "Actuarial Issues in Determining Financial Institution Risks: U.S. S&L Experience," Nebraska Actuaries

          Club, Omaha,  Nebraska, Fall 1991.

        "An Examination of Actuarial Issues Related to S&L Failures in the U.S." Milliman and Robertson

          Conference on Actuarial  Issues, Chicago, Illinois, 1990.

        "An Actuarial Approach to Post Deregulation Thrift Failures in the U.S." Keynote Speaker,

         First Actuarial Colloquium on Financial Institution Risks, International Conference of Actuaries,

         Paris, France,  Spring 1990.

        "Key Issues in the Evaluation of New Insurance Policies and Replacement of Existing Coverages,"

         Cincinnati Bar  Association Continuing Education Seminar, June 1990.

Business Consulting

            "An Examination of Current Underwriting and Loss Experience Information used by Insurers to Cover

             those with Epilepsy," research grant from the Epilepsy Foundation of America, Fall 1989. [$10,000]

            "An Actuarial Perspective on the Adequacy of the FSLIC Fund," Office of Policy and Economic Research,

             Federal Home Loan Bank Board, Washington, D.C., 1980-81. [$35,000]

           "An Examination of the FSLIC’s Prospective Case Resolution Costs in Determining Contingent Loss Reserves,"

            Office of Policy and Economic Research/FSLIC, Washington, D.C., 1986-87. [$79,000]

          External Reviewer for Bowling Green State University, Finance Department, relating to a professional research assessment           of Dr. Lucy Chernykh as part of the College of Business tenure process. An evaluation was made at the request of Dr. Sung           C. Bae, Chair of the Finance Department, September 2010.

            Iowa Area Education Association - 7 Summer Enrichment Program for Talented and Gifted Secondary

            School Children, created and taught a math puzzles class to students in Northeast Iowa for four weeks in

            the summers of   1992 and 1993.

            Provided Actuarial/Financial Services to the Waterloo Fire Fighter’s Association related to their pension

            benefits under varying actuarial and investment assumptions, 1994-95.

            UNI Connection Investment Club, helped to found an investment club for UNI faculty and spouses,

            serving as an educational advisor, 1994-1998.

             President, Parent Teachers Organization (PTP), Malcolm Price Laboratory School, 1996-97

Shirley Fox v. Abe Fox, served as actuarial and financial expert to Patricia E. Garrity,Esq.,(Mandan, North Dakota) analyzing issues related to an insurance trust and a determination of  the actuarial value of the policies housed in the trust for purposes of marital property in the state of North Dakota (2000).                     

Regional Retirement Living, Inc. Pennsylvania Place, Sylvan Woods v. Wapello  CountyBoard of Review, served as an actuarial and financial  expert to Frank W. Pechacek, Esq., and Michael Davenport, Esq., (Council Bluffs, Ia.) analyzing financial statements, bonding prospectuses, and tax information relative to the Continuing Care Residential Community (2000).  The case settled in favor of  the Wapello County Board of Review.

Fernandez vs. Industrial Fumigant Co., et. al., served as actuarial and financial consultant to Mr. Robert Kudrer,  of Johnson & Condon of Minneapolis, Minn., providing an actuarial benefit analysis of Mr. Fernandez’s lifetime estate. The case settled out of court (1999).

Friends of Faith Retirement, Homes, Inc. vs. Board of Review for the City of Waterloo, served as actuarial and  financial expert to Frank W, Pechacek, Jr., Esq., and Barbara L. Jeppesen, Esq.,( Council Bluffs, Ia.) analyzing  actuarial reports on the Continuing Care Residential Community (1997).

Nancy R. Gallion vs. Gregory L. Gallion, served as actuarial and financial planning expert in this dissolution  case - developed an actuarial model for determining the actuarial value of renewal commission income for   Mr. Gregory Gallion and retirement benefits for both Ms. Nancy Gallion and Mr. Gregory Gallion. I worked with Doris McGinnis, Esq., Minneapolis, Minnesota (1996).

Schmidt vs. Gillepsie, et. al., worked with Samuel Sheronick, Esq. providing insurance and financial expertise, the case settled out of court (1996).

Donna D. Flanagan vs. George P. Flanagan, served as actuarial and financial planning expert in the dissolution case involving Donna D. Flanagan - developed an actuarial model for determining the present value of postal retirement benefits for George Flanagan.  I worked with the Roeder Law Office of Manchester, Iowa (1994). 

Arlen L. Wonderlich vs. Allamakee Veterinary Clinic, P.C., Case #42-0985424, served as actuarial/insurance  and financial expert to defendant's attorney, David Dutton, Esq., rendering an opinion on the ownership and benefits  associated with a business disability policy, a valuation of benefits from certain disability policies to the Allamakee Veterinary Clinic and an analysis of the financial implications of the disability policies to the buy/sell agreement of the

 business partnership, (1994).

Western Marketing vs. Employer's Modern Life Insurance Company, served as actuarial/insurance expert to plaintiff's  attorney, John Hearn, rendering an opinion on the value of life insurance benefits sold by Western Marketing, an  assessment of damages from termination of an agency agreement and a valuation of the book of business generated by Western  Marketing to Employer's Modern Life Insurance Company, this case settled out of court (1993).

David Britton vs. Vulcan Life, Case #C-2-88-1290, Insurance consultant to Clifford M. Farrell of  Columbus, Ohio - provided expert opinion on the duties of the insurer to the policyholder (1990).

Examination of the actuarial basis for an insurance replacement decision for a legal client of the law firm of  Frost and Jacobs, Cincinnati, Ohio (1990).

Kato Industries vs. A.O. Williams in Elizabethtown, Kentucky - served as insurance consultant and financial expert to John Scott rendering an opinion concerning the existence of an insurance contract and the obligations

 of an insurer to policyholders (1990). 

Emmett D. McClendon vs. Conrail, served as a consultant to Gary Bullock of Dinsmore, Shohl relating to the evaluation of economic damages in preparation for cross examination of plaintiff witnesses (1988). 

Charter Oak Savings and Loan Co. vs. The Ohio Deposit Guarantee Fund, financial and insurance consultant to Michael Kahn of Gene Mesh and Associates, providing background supporting Charter Oak's position as a policyholder with the Ohio Deposit Guarantee Fund [ODGF], (1987). 

State Farm Mutual Automobile Insurance Co. vs. Edward T. Cain, consultant to Tom Eagan of Paxton, and Seasongood rendering an expert opinion on the existence of automobile coverage on Edward T. Cain's truck in defense of  State Farm Mutual Automobile Insurance Co. (1987). 

Staley vs. Staley, developed an actuarial model to determine the value of Lt. Col. Staley's military pension, life and health benefits prior to marriage dissolution (1987). 

Prudential Insurance Company of America vs. Leslie Eslick, consultant to Porter, Wright, Morris

 and Associates providing actuarial analysis of a model for comparing retirement benefit contracts

 in defense of Prudential (1985). 

State of Indiana, et.al. vs. National Equity Life Insurance Co. (Baldwin-United Corporation),  consultant to Mantel, Mantel and Reiswerg providing financial and actuarial analysis of the state of Indiana's rehabilitation plan of the Baldwin insurance companies.  I was qualified in the Federal Court System as a legal expert in Finance and Actuarial Science in this case.  At the time, this was the single largest insurance rehabilitation in the history of the U.S.(1984). 

Mark Dorfman and Saul Adelman, Life Insurance and Financial Planning, (Richard D. Irwin, Inc.: Homewood, Ill., 1986).

Essentials of Financial Management, George E. Pinches, (Harper and Row, Inc.: New York, New York, 1992).

Weston and Brigham, Essentials of Managerial Finance (Dryden Press, Inc.: Chicago, Illinois, 1992).

Eugene Brigham, Fundamentals of Financial Management (Dryden Press, Inc.: Chicago, Illinois, 1992).

Editing Work: Publishers and Journals

Book Review of Risk and Insurance(by Trieschmann and Gustavson), Arthur T. Cox and A.

Frank Thompson, The Journal of Risk and Insurance, Vol. 60, #3(September 1993), pp. 521-523.

Research Publications

Doctoral Dissertation:

"An Analysis of the Policy Loan Interest Rate as a Decision Variable in Granting Non-Forfeiture Benefits on Ordinary Life Insurance Contracts"

Two papers were published from this research:

Cecil D. Bykerk and A. Frank Thompson, "Economic Analysis of the Policy Loan Privilege," Transactions of the Society of Actuaries, Vol. XXXI(1979), pp. 47-67.

Cecil D. Bykerk, and A. Frank Thompson, "An Evaluation of a Proposed Modification to the Standard Non-Forfeiture Law," The Journal of Insurance Issues and Practices, Vol. 2, #3 and 4 (Spring 1979), pp. 1-9.

Topical List of Research and Teaching Publications by Discipline

Actuarial Science, Insurance and Financial Services Publications

A. Frank Thompson, Ason Okoruwa, "An Empirical Analysis of Real Estate Brokerage Ethics," Chapter 13 in the Real Estate Research Monograph, Ethics in Real Estate, Edited by Stephen E. Roulac, (Research Issues in Real Estate, Vol. 5: Howard Hughes Corp. and the American Real Estate Society, 1999).

A.  Frank Thompson, Syed Kirmani and Mir Zaman, "Differential Analysis of the Impact Catastrophic Loss has on Publicly Traded Property/Casualty Insurers, Proceedings of the 4th Actuarial Conference on Financial Institution Risks, (April 1994), Orlando, Florida. 

A. Frank Thompson, and Mir Zaman, "Techniques to Analyze Problems in Financial Institutions, Proceedings of the Canadian Institute of Actuaries, Vol. 4, 1993, pp. 147-157. 

Kevin Buisman, A. Frank Thompson, Arthur T. Cox, "Applying Risk Management Principles to Athletic Administration," College Athletic Management, Vol. IV, No. 4(July 1992), 10-16.

A. Frank Thompson, and Arthur T. Cox, Instructor's Manual for Life Insurance: A Financial Planning Approach, (Dearborn Financial Publishing, 1992).

Bowyer, Linda E. and A. Frank Thompson, "The Role of Cases and Simulations in the Training of Federal Bank Examiners," 1990 Proceedings of the Midwest Society for Case Research, pp. 81-87.

Thompson, Andrew F., Prasad Medury, A. Ramjee, and B. Ramjee, "An Actuarial Approach to the Analysis of Post Deregulation Thrift Failures in the U.S.A.," Proceedings of the Actuarial Conference on Financial Institutions Risks Colloquium, Vol. I(1990), Paris, France.

Thompson, A. Frank, "What if a New Thrift Industry is Needed?" Contingencies, Vol. 2,#5 (Sept./Oct. 1990), pp. 17-18.

Thompson, A. Frank, "FSLIC Governmental Insurance Gone Awry," The Actuarial Update, Vol. 18, #4(April 1989), pp. 1-5.

Thompson, Andrew F. and Linda E. Bowyer, "Home State Savings: Characteristics of a Deposit Insurance Fund Crisis," Southern Ohio Business Review, Vol. 5, #1(Spring 1989), pp. 3-6.

Thompson, A. Frank, Anju Ramjee, Prasad Medury, B. Ramjee, and L. Melnyk, "Multiple Discriminant Analysis of Risk Factors in Developing Graded Premiums for S&L Deposit Insurance," Journal of Insurance Issues and Practices, Vol. XII, No. 1(1989), pp. 1-30.

Thompson, A. Frank and Narendar Rao, "Rent Seeking and Insurance Education: Comment," The Journal of Insurance Issues and Practices, Vol. XII,No. 1(1989), pp. 130-135.

Bowyer, Linda , and A. Frank Thompson, "Who Does Swaps?" Federal Home Loan Bank Board Journal, Vol. 19, #1(January 1989), pp. 24-25.

Thompson, A. Frank, An Examination of Current Underwriting and Loss Experience Information Used by Insurers to Cover those with Epilepsy: Survey and Insurance Information Report,(Epilepsy Foundation of America: Landover, Maryland, 1989), [commissioned research],pp. 1-78.

Curry, Timothy J., John T. Rose and A. Frank Thompson, "There is No Way to Profit: Profit is the Way," Federal Home Loan Bank Board Journal, Vol. 18, #2(December 1988), pp. 8-10.

Thompson, A. Frank, Narendar Rao, and L. Melnyk, "What Corporate Value Theories Have to Say to Small Business Managers: The ACI Case," 1988 Proceedings of the Midwest Society for Case Research, Chicago, Illinois (Spring 1988).

Thompson, Andrew F., Linda E. Bowyer, and Donald G. Edwards, "A Cross-Sectional Analysis of Interest-Rate Swap Agreements Among FSLIC-Insured Thrift Institutions," Federal Home Loan Bank Board Research Working Paper, #132, Office of Policy and Economic Research, Washington, D.C., 1987.

Thompson, A. Frank, Krishnan Dandipani, and Y. Kim, "Using Duration to Determine the Deferment Period of a Callable Bond," The Financial Review, Vol. 22, #3(1987), pp. 117).

Bowyer, Linda E., A. Frank Thompson, and V. Srinivasan, "The Ohio Banking Crisis: A Lesson in Consumer Finance," The Journal of Consumer Affairs, Vol. 20, #2(Winter 1986), pp. 290-299.

McKenna, Fred W., A. Frank Thompson, Yong H. Kim, and Philip W. Glasgo, "An Analysis of the Impact of Corporation Pension Plan Reversions on Retirement Benefits," The Journal of Insurance Issues and Practices, Vol. IX, No. 2(June 1986), pp. 44-56.

Thompson, A. Frank, Yong H. Kim, and Krishnan Dandipani, "An Application of Simulation and Sensitivity Analysis to the Problem of Immunizing a Bond Portfolio with Callable Issues," Proceedings of the 1986 Annual Meeting of the Decision Sciences Institute, Vol. 1 (November 1986), pp. 254-257.

Thompson, A. Frank, and Won Kim, "Tobit Analysis of House Value Determination," 1985 Proceedings of the Midwest Decision Sciences Institute, University of Nebraska-Lincoln, Lincoln, Neb. (Spring 1986).

Thompson, Andrew F., Linda E. Bowyer, and A. Bhattacharya, "Theoretical Propositions on the Impact Net Worth Requirements have on Mutual S&Ls," 1985 Proceedings of the American Institute for Decision Sciences, Las Vegas, Nevada, (November 1985), p. 148.

Thompson, Andrew F., Linda E. Bowyer, and A. Bhattacharya, "Theoretical Propositions on the Effect Minimum Net Worth Requirements have on Insolvency and Bankruptcy for Stock S&Ls," Invited Federal Home Loan Research Working Paper No. 51, Office of Policy and Economic Research, Washington, D.C. (March 1985), pp. 1-11.

Thompson, A. Frank, A. Ramjee, and B. Ramjee, "Pension Valuation and Unfunded Liability Measurement: Financial Management Implications," Proceedings of the Risk Theory Seminar, University of Southern California, (May 1984). This paper was referenced in: Linda J. Martin and A. James Ifflander, Pension Fund Perspective, Financial Analysts Journal, Vol. 40,#4(July/August 1984), pp. 10-11.

Rood, Robin S., Grace A. Falciglia, Andrew F. Thompson and Jeanne S. Houston, "Third Party Reimbursement in Private Practice Nutrition: A Survey of Private Insurance Companies," Proceedings of the 67th Annual Meeting of the American Dietetic Association, Washington, D.C., (October 1984), pp. 186-187.

Thompson, Andrew F., and Linda E. Bowyer, "Using Financial Futures to Hedge Interest-Rate Risk on Paid-loss Retrospective Insurance Programs," The Journal of Insurance Issues and Practices, Vol. II, No. 2(June 1984), pp. 1-10.

Thompson, Andrew F., and Frederic M. Stiner, Jr., "An Examination of Auditor Concentration in the Savings and Loan Industry," Federal Home Loan Bank Board Journal, Vol. XVII, No. 1 (February 1984), pp. 10-15.

Glasgo, Philip W., Linda E. Bowyer, and A. Frank Thompson, "Truth in Investing: The Need for Legislation," The Journal of Consumer Affairs, Vol. XVIII, No. 1 (Summer 1984), pp. 92-100.

Thompson, Andrew F., Roger D. Rutz, and Frederic M. Stiner, Jr., "Fidelity Insurance: Are There Differences in Experience Among Financial Institutions," Federal Home Loan Bank Board Journal, Vol. XVI, No. 2 (February 1983), pp. 2-7.

Thompson, Andrew F., Yong H. Kim, and Philip W. Glasgo, "Pension Liability Reporting under ERISA," The International Foundation of Employee Benefits Journal, (March 1983), pp. 2-8.

Stiner, Frederic M., "Accountants' Salaries Not Keeping Pace with Inflation," The Practical Accountant, Vol. 15, No. 11(November 1982), pp. 63-65. 

Thompson, Andrew F., Philip W. Glasgo, and Owen F. Riley, "Trust Powers for S&Ls: A New Source of Earnings for Thrifts?" Federal Home Loan Bank Board Journal, Vol. XV, No. 2 (February 1982), pp. 2-7.

Thompson, Andrew F., and Warren Luckner, "A Risk Theory Approach for Calculating Premiums and Reserves on FSLIC Deposit Insurance," 1982 Proceedings of the Risk Theory Seminar, The Ohio State University, Columbus, Ohio (Spring 1982).

Thompson, Andrew F., and Richard A. Scott, "Procedures for Developing an Interactive S&L Databank for Use with the Decision Information Display System," Federal Home Loan Bank Board Research Working Paper No. 108, Office of Policy and Economic Research, Washington, D.C., June 1982. These research findings were presented to the White House Staff in a Spring briefing at the Old Executive Office Building.

Stiner, Frederic M. and Andrew F. Thompson, "What Inflation Has Done to Accountants' Income," The National Public Accountant, Vol. XXVII, No. 1(January 1982), pp. 20-21. 

Thompson, Andrew F., "Immunization of Pension Funds and Sensitivity to Actuarial Assumptions: Comment," The Journal of Risk and Insurance, Vol. XLVIII, No. 1(March 1981), pp. 148-153.

Thompson, Andrew F., and Cecil D. Bykerk, "Retirement Benefit-Cost Under Social Security versus Private Insurance: A Rejoinder," The Journal of Insurance Issues and Practices, Vol. II, #3 (Summer 1981).

Thompson, Andrew F., "Wraparound Reverse Annuity Mortgages: A New Method for Providing Lifetime Annuities," Federal Home Loan Bank Board Journal, Vol. XIV, No. 6(June 1981), pp. 17-19.

Thompson, Andrew F., "An Actuarial Perspective on the Adequacy of the FSLIC Insurance Fund," Federal Home Loan Research Working Paper No. 102, Office of Policy and Economic Research, Washington, D.C., February 1981.

Thompson, Andrew F., "Homeowner's Equity: Providing Lifetime Annuities for the Elderly," Federal Home Loan Bank Board Journal, Vol. XIII, No. 12 (December 1980), pp. 23-28.

Thompson, Andrew F., and Cecil D. Bykerk,"Retirement Benefit-Cost Under Social Security versus Private Insurance to the Consumer of Insurance," The Journal of Insurance Issues and Practices, Vol. III, No. 3(Summer 1980), pp. 13-26.

Cecil D. Bykerk, and A. Frank Thompson, "Economic Analysis of the Policy Loan Privilege," Transactions of the Society of Actuaries, Vol. XXXI(1979), pp. 47-67.

Cecil D. Bykerk, and A. Frank Thompson, "An Evaluation of a Proposed Modification to the Standard Non-forfeiture Law," The Journal of Insurance Issues and Practices, Vol. 2, #3 and 4 (Spring 1979), pp. 1-9.

Thompson, Andrew F., and Cecil D. Bykerk, "A Model for Comparing the Costs and Benefits of Social Security under the 1977 Amendments to OASDHI," 1979 Proceedings of the American Institute for Decision Sciences (Autumn 1979).

Corporation Finance, and Financial Economics Publications

Cox, Arthur T., A. Frank Thompson, and Robert Minter, "Using Student Advisory Boards as a Learning Device in Colleges of Business," Journal of Management Education, Vol. 19, No. 2(May 1995), pp. 233-239.

Ashbaugh, Donald L., and A. Frank Thompson, "An Examination of Factors Distinguishing Exceptional Performance on the Uniform CPA Examination," Journal of Education for Business, Vol. 68, #6(July/August 1993), pp. 334-337.

Thompson, A. Frank, Gary S. Moore, and Arthur T. Cox, "Using Hypercard Technology for Case Teaching in Finance," 1993 Proceedings of the Midwest Society for Case Research, (Spring 1993), pp. 17-26.

Thompson, A. Frank, Arthur T. Cox, and Ason Okoruwa, "The Treatment of Debt Financing for Capital Budgeting Decisions in Accounting, Finance, and Real Estate," 1992 Proceedings of the Southeastern Institute for Management Science, (Fall 1992), pp. 601-604.

Thompson, A. Frank, Arthur T. Cox, and Jerome Soneson, "Ethical Issues in Insurance Underwriting: An Actuary's Perspective," 1992 Proceedings of the Third Annual Conference on Ethics in America, Long Beach, California, February 1992.

Thompson, A. Frank, Anju Ramjee, and B. Ramjee, "Factors Influencing the Frequency and Severity of the Losses of FSLIC Insured Thrifts During the 1980s," 1991 Proceedings of the Southeastern Institute for Management Science, (Fall 1991), pp. 269-271.

Venkat Srinivasan, Y. Kim and A. Frank Thompson, "Abandonment Value in Capital Budgeting: A Mathematical Programming Approach," Computers and Operations Research, Vol. 13, #6 (1986), pp. 721-733.

Venkat Srinivasan, Prasad V. Medury, A. Frank Thompson and Y. Kim, "Industrial Bond Ratings: A Mathematical Programming Approach to the Discriminant Problem," 1986 Proceedings of the American Institute for Decision Sciences, Vol. 1(November 1986), pp. 228-230.

Venouss, Devar, C.K. Walter, and A. Frank Thompson, "OPEC's Goals and Strategies," International Journal of Middle Eastern Studies, Vol. 16 (1984), pp. 199-206.

Bellizzi, Joseph, A. Frank Thompson, and Lynn Loudenbach, "Empirical Findings on the Fluctuations of Advertising and Personal Selling over the Business Cycle," The Journal of the American Academy of Marketing Science, Vol. 11, #12(Winter 1983), pp. 142-155.

Glasgo, Philip W., William J. Landes, and A. Frank Thompson, "Bank Discount, Coupon Equivalent and Compound Yields," Financial Management, Vol. II, No. 3(Autumn 1982), pp. 80-84. This paper was cited in: Eugene Brigham, Financial Management: Theory and Practice, 1985 edition, in the section on working capital policy.

Thompson, Andrew F. and Raymond Hubbard, "Preference Structures and Consumer Spatial Indifference Behavior: Some Theoretical Problems," Tijdschrift voor Economische en Sociale Geografie, Vol. LXXII, No. 1(1981), pp. 35-39.

Thompson, Andrew F., and Frederic M. Stiner, Jr., "The Cyclic Behavior of U.S. Government Bonds Using Stochastic Time Series," Business Economics, (September 1980), pp. 55-58.

Thompson, Andrew F., and Frederic M. Stiner, Jr., "A Control Model for Steel Industry Investment in Pollution Abatement and Control Assets," Materials and Society, Vol. III(1979), pp. 325-331. This paper was referenced in abridged form in: Metals and Abstracts, Vol. 13(10), October 1980, p. 77).

Thompson, Andrew F., "A Control Theory Approach to Satisfying a Social Welfare Criterion, The American Journal of Economics and Sociology, Vol. XXXIX, No. 1 (January 1980), pp. 83-93.

Thompson, Andrew F. and Raymond Hubbard, "Some Observations on the Concept of Spatial Indifference Behavior," Geographical Analysis: An International Journal of Theoretical Geography, Vol. XI(April 1979), pp. 196-201.

Martin, Warren and Andrew F. Thompson, "How to Obtain More Significant Differences by Correcting for the Effects of Scaling Upon Significance Testing," 1979 Proceedings of the Southwestern Marketing Association, (Spring 1979), pp. 54-55.

Bellizzi, Joseph, A. Frank Thompson, and Lynn Loudenbach, "Promotional Activity in the U.S. Business Cycle," 1979 Proceedings of the Southwestern Marketing Association, (Spring 1979), pp. 27-28.

Thompson, Andrew F., and Marc Wiitala, "General Systems Theory in Economics: A Framework for Technological Change," Iowa State University Faculty Working Paper Series, Department of Industrial Administration, Ames, Iowa (1979).

Thompson, Andrew F., "An Application of Stochastic Time Series to the Question of Optimal Replacement in a Bond Portfolio," 1978 Proceedings of the Operations Research Society of America and The Institute for Management Science, (Fall 1978), Los Angeles, California.

HONORS AND AWARDS

Finance Faculty College Participant, Herbert V. Prochnow Graduate School of Banking Seminar, University of Wisconsin-Madison, August 1991.

Finance Faculty College Participant, Arthur Andersen Business Ethics Seminar, Arthur Andersen & Co., Center For Professional Education, St. Charles, Illinois, January 1991.

Research Grants from the Federal Home Loan Bank Board under an IPA agreement, 1981 and 1986.

Skandia Actuarial Fellowship Finalist, Southampton University, U.K., 1984

University Graduate Faculty, University of Northern Iowa, 1990.

University Graduate Faculty, University of Cincinnati, 1984.

Associate Member, Graduate Faculty, Iowa State University, 1978.

Member, Risk Theory Seminar, American Risk and Insurance Association, 1982.

Iowa State Summer Research Grant, "The Effect of Insurance Mergers and Reinsurance on Market Concentration in the Insurance Industry," 1979, [$8,500].

Graduate Scholarship from the Chair of Actuarial Science, University of Nebraska-Lincoln, 1972.

Regent's Scholarship in the College of Business Administration, University of Nebraska-Lincoln, 1972.

Robert G. Bone Scholarship, Illinois State University, 1971.

Phi Eta Sigma, Omicron Delta Epsilon, Kappa Mu Epsilon.

Delivered Papers and Seminars

    "Differential Analysis of the Impact Catastrophic Loss has on Publicly Traded Property/Casualty Insurers," 1994 Financial Management Association Meeting, St. Louis, Missouri, October 1994.

    "Analysis of the Relationship Between Catastrophic Loss and Abnormal Returns on Publicly Traded Casualty Insurers, " 4th Actuarial Conference on Financial Institution Risks, Orlando, Florida, April 1994. 

    "Analyzing Financial Institution Risks: U.S. Savings and Loan Experience 1980 to 1992," 1994 Annual Meeting of the Canadian Institute of Actuaries, Toronto, Canada, January 1994.

    "Profile of Mortgagors Choosing Adjustable-Rate Versus Fixed-Rate Mortgages: An Application of Discriminant Analysis," 1994 Missouri Valley Economic Association Meetings, Issues in Financial Economics, St. Louis, Missouri, February 25, 1994. 

"Using Hypercard Technology for Case Teaching, "Midwest Society for Case Research Meeting, Chicago, Illinois, March 1993. 

 "The Treatment of Debt Financing for Capital Budgeting Decisions in Accounting, Finance and Real Estate Courses, "Southeastern Institute for Management Science Meetings, Myrtle Beach, South Carolina, October 1992. 

"Ethical Issues in Insurance Underwriting: An Actuary's Perspective," Third National Conference on Ethics in American, Long Beach California, February 1992. 

"An Empirical Examination of Insurance Education Among AACSB Schools," Western Risk and Insurance Association Meetings, Phoenix, Arizona, January 1992. 

"Factors Influencing the Frequency and Severity of the Losses of FSLIC Insured Thrifts During the 1980's," Southeastern Institute for Management Science Meetings, Myrtle Beach, South Carolina, 1991. 

 "The Impact of Loss Dimensions in Laboratory Insurance Markets," Southern Risk and Insurance Association Annual Meeting, Williamsburg, Virginia, November 1991. 

"Investor Preference for Insured Corporations," American Risk and Insurance Association Meeting, San Diego, California, August 1991. 

"Calculation of the Implicit Government Subsidy for Depository Insurance: Is Public or Private Deposit Coverage Affordable?" Southern Risk and Insurance Association Meetings, Amelia Island, Florida, November 1990. 

"An Examination of Financial Factors Related to Canadian Trade Development in the Midwestern U.S. under the Free Trade Agreement," Midwest Association for Canadian Studies, Berea, Kentucky, October 1990. 

"Key Issues in the Evaluation of New Insurance Policies and Replacement of Existing Coverages," Cincinnati Bar Association Continuing Education Seminar, June 1990. 

"A Logit Approach to the Use of Appropriate Risk Premium Structure to Avert Future S&L Crises," Midwest Finance Association Meetings, Chicago, Illinois, March 1990. 

Keynote Speaker, "An Actuarial Approach to Post Deregulation Thrift Failures in the U.S.," The First Actuarial Colloquium on Financial Institution Risks, Paris, France, April 1990. 

"The Structure of Graded Risk Sensitive Premiums Associated with Failed FSLIC-Insured Thrifts: A Logit Approach," American Risk and Insurance Association Meetings, Denver, Colorado,  August 1989. 

"Analyzing Failed Financial Institutions: Empirical Evidence from a Comprehensive Sample of Federal versus State Chartered Thrifts," Western Risk and Insurance Association Meetings, San Francisco, California, January 1988. 

"Bankruptcy and Corporate Veil Issues for Small Investors and Small Business," Midwest Business Administration Association Meeting, Chicago, Illinois, March 1988. 

"FSLIC Insured Institutions Requiring Assistance: Some Empirical Evidence," Financial Management Association Meetings, New Orleans, Louisiana, October 1988. 

"A Longitudinal Study of Thrift Use of Interest Rate Swap Agreements," Allied Social Science Meetings, Chicago, Illinois, December 1987. 

"An Actuarial Analysis of Risk Factors Associated with Developing Graded Premiums on S&L Deposit Insurance," Southern Risk and Insurance Association Meetings, Savannah, Georgia, November 1987. 

"The use of Financial Swaps by Savings and Loans," Midwest Finance Association Meetings, March 1987. 

Predicting Bond Ratings: A Comparative Analysis of the Performance of Alternative Classification Procedures," Financial Management Association Meetings, November 1986. 

"Theoretical Propositions on the Impact Minimum Net Worth Requirements Have on Insolvency and Bankruptcy for Mutual Savings and Loans," National Meeting of the American Institute for Decision Sciences, November 1985. 

"The Effect Catastrophes Have on the Municipal Bond Market," Southern Risk and Insurance Association Meetings, Orlando, Florida, November 1985. 

"Debt and Taxes: Capital Structure Decisions for Closely Held Corporations," Midwest Finance Association Meetings, Chicago, Illinois, March 1985. 

"Pension Fund Valuation and Unfunded Liability Measurement: Financial Management Implications," 1984 Risk Theory Seminar, University of Southern California, May 1984. 

"Pension Fund Valuation and Implications on the Cost of Capital," Midwest Business Administration Association Meeting, Chicago, Illinois, Apirl 1984.

"Some Perspectives on Pension Valuation Funding: Financial Management Considerations," Western Risk and Insurance Association Meeting, January 1984. 

 "Financial Issues in Pension Fund Management," Financial Management Association Meeting, Atlanta, Georgia, October 1983. 

"Using Futures Options to Hedge Interest-Rate Risk on Corporate Insurance Programs," Western Risk and Insurance Association Meeting, Los Angeles, California, January 1983. 

"A Risk Theory Approach for Calculating Premiums and Reserves on FSLIC Insurance," 1982 Risk Theory Seminar, The Ohio State University, Columbus, Ohio May 1982. 

"The Impact of Pension Liabilities on Financial Risk and Leverage," Western Risk and Insurance Association Meeting, Scottsdale, Arizona, January 1982. 

Presentation to the Interagency Domestic Information System Steering Committee," Development of an S&L Databank on the Domestic Information Display System," Old Executive Office Building, Pennsylvania Avenue, Washington, D.C. January 1981. 

"An Examination of the Impact Reinsurance has on Operating Capacity and Financial Leverage for Multiple-Insurer Holding Companies," American Risk and Insurance Association Meeting, Chicago, Illinois, August 1980. 

"Analysis of the Costs and Benefits of Social Security versus Private Insurance to the Consumer of Insurance," Midwest Business Administration Association Meeting, Chicago, Illinois, Spring 1979. 

"An Application of Stochastic Time Series to the Question of Optimal Replacement in a Bond Portfolio," Joint National Meetings of the Operations Research Society of America and the Institute for Management Science, Los Angeles, California, Autumn 1978. 

"A Control Theory Approach to Surface Water Irrigation," Midwest Economic Association Meetings, Chicago, Illinois, Spring 1978. 

"A Control Theory Approach to Satisfying a Social Welfare Criterion, Western Social Science Association Meeting, Denver, Colorado, Spring 1978. 

COMPUTER SOFTWARE DEVELOPMENT

Stationary Population Theory: An Actuarial Science Lesson in the Tutor Language using PLATO, with Cecil D. Bykerk, FSA, and David Hutcheson, 1978.

NEWSPAPER ARTICLES, PERIODICALS, RADIO AND TELEVISION INTERVIEWS

Interview on WOI Radio, Ames, Iowa concerning Iowa Banks and Bank Safety, November 20, 1990.

Financial Expert, referenced in Reader's Digest Article, "How Safe is Your Bank?", March 1988.

Actuarial Consultant to Cincinnati City Council, provided testimony to Council on the adequacy of lines of credit for covering taxicab drives against loss in Cincinnati, June 1988.

"The Home State Savings Crisis One Year Later," interview with Michael Brinkley, Channel 9, Cincinnati, concerning the lessons learned from the Home State Savings Bank Failure and research on S&L bankruptcy and insolvency, March 15, 1986.

"Depositors Push Home State Sale," Peter Jensen, Cincinnati Enquirer, this article discusses the results of the Home State Depositor Survey, April 15, 1985.

"Deregulation Hitting Home," Jackie Jadrnak, Cincinnati Enquirer, this article deals with the issue of bank examinations by external auditors and my research on S&L examiners, April 7, 1985.

"FSLIC Insurance Fund at $5.9 Billion", John Byczkowski, Cincinnati Enquirer Business Section, this article discusses my study on the actuarial adequacy of FSLIC.

Channel 9-TV, Cincinnati, interview with Tom Regan on the financial strength and stability of Chemical Bank of New York as a suitor for Home State Savings Bank, April 5, 1985.

Evening Expert on WEBN Radio, Cincinnati, to discuss the S&L crisis in Ohio and its impact on the state banking industry, March 31, 1985.

Channel 12-TV, Cincinnati, interview with Dan Royal on the Ohio Deposit Guarantee Insurance Fund and the closure of state-insured S&Ls in Ohio.

Channel 9-TV, Cincinnati, interview with Al Schoettelkotte concerning state insured ODGF S&Ls and the Ohio S&L crisis, March 14, 1985.

"Baldwin Annuity Holders May Review Rehabilitation Plan," by Dan Andriacco, Cincinnati Enquirer Business Section, January 18, 1984, p. 5B.  This article presents part of my testimony in the Baldwin United Rehabilitation Case. It provides my option which gives policyholders over 75 the right to withdraw their entire annuity balance before the end of the 3 1/2 year rehabilitation period.

"Investors Having Doubts about High-Yield Savings," by Nancy L. Ross, The Washington Post Business Section, August 15, 1982, Business and Finance, p. G1. This article concerns the differences in relative risks between repurchase agreements at state insured S&Ls in Maryland versus money market funds. The article delineates the differences between state and federally insured S&Ls. The article appeared three years before the failure of Old Court Savings and the collapse of the Maryland State Insurance Fund, and five years before the Home State Savings failure in Ohio.

Memberships in Professional Organizations:

Financial Executives Institute, 1989 -

Winnebago Council of the Boy Scouts of America, 1994-2000;

   Member, Executive Committee-Chair, Finance Committee; 

   James   West Fellow, 1997

Waterloo Rotary International, 1992 -1996;  

   Paul Harris Fellow 1993

BPO Elks, 1992 -2008

Director, UNI Credit Union, 1994-2005

   Chair, Delinquent Loan Committee, 1994-2005

   Chair, Asset/Liability Management Committee, 2003-05.

Western Risk and Insurance Association, 1979 -

Southern Risk and Insurance Association, 1985-89

Financial Management Association, 1985, 1986,1989

American Risk and Insurance Association, 1978-85, 1990

Midwest Society of Case Writers, 1988, 1992

Decision Sciences Institute, 1978 and 1985

Southeastern Institute for Management Sciences, 1991-92

Operations Research Society of America, 1978-79

Mathematics Association of America, 1985-87

Midwest Finance Association, 1985-88,1995

Hobbies and Outside Activities

Choral Music Singing with the following Church  and Community Choirs:

 

First Plymouth Congregational Church, Lincoln, Neb.

Cherrydale Methodist Church, Arlington, Virginia

Armstrong Chapel, Indian Hill, Ohio

Hyde Park Community Methodist Church, Cincinnati, Ohio

First Presbyterian Church, Waterloo, Iowa

Nazareth Lutheran Church, Cedar Falls, Iowa

Waterloo/Cedar Falls Metropolitan Chorale

Sunday School and Youth Program Activities:

First Presbyterian Church, Waterloo, Ia., 1990-93

Orchard Hill Reformed Church, Cedar Falls, Ia., 1994-1995

Nazareth Lutheran Church, Cedar Falls, Ia., 1996-1997

Other Interests:

Tennis, Piano, Flute, Stain Glass and Gardening