The supply of credit to agriculture in the United States has been affected by a variety of financial regulations over time. One recent regulatory change is the Dodd‐Frank Act in 2010 that includes the Ability‐to‐Repay rule increasing the operating costs of banks. Although the rule increases the safety of the bank's portfolio, it requires more compliance costs to verify borrower's income status. Given that the verification of the ability to repay increases the costs of lending to all banks, this study examines the effects of bank regulations adding the compliance costs on small or community‐oriented banks. From the framework of multiproduct firm, we estimate the differential input demand and output supply systems to identify the banks' behavioral changes due to the compliance costs. The results indicate that changes in lending and input use have occurred due to the imposition of the compliance costs.

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合规成本对农业银行信贷供给的影响：一种差异化方法

随着时间的推移，美国农业信贷供应受到各种金融监管的影响。最近的一项监管变化是 2010 年的多德-弗兰克法案，其中包括增加银行运营成本的偿还能力规则。虽然该规则增加了银行投资组合的安全性，但它需要更多的合规成本来验证借款人的收入状况。鉴于偿还能力的验证增加了向所有银行放贷的成本，本研究考察了银行监管增加合规成本对小型或社区银行的影响。从多产品公司的框架中，我们估计了差异化的输入需求和输出供应系统，以识别由于合规成本引起的银行行为变化。