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Sunday, May 3, 2020 | History

2 edition of Efficient banking under interstate branching found in the catalog.

Efficient banking under interstate branching

Joseph P. Hughes

Efficient banking under interstate branching

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Published by Federal Reserve Bank of Philadelphia, Economic Research Division in Philadelphia .
Written in English


Edition Notes

previous ed.: 1995.

StatementJoseph P. Hughes ... [et al].
SeriesEconomic research working paper series / Federal Reserve Bank of Philadelphia, Economic Research Division -- no.96-9, Economic research workingpaper (Federal Reserve Bank of Philadelphia, Economic Research Division) -- no.96-9.
ID Numbers
Open LibraryOL21720279M

By , with the passing of Reigle-Neal Interstate Banking and Branching Efficiency Act, interstate banking was complete, recommended and introduced by all states except Texas and Montana. Before intrastate deregulation a bank holding company (BHC) could expand as a group by buying banks but could not group these into a single by: A study by Berger, et al. documented significant changes in the US banking industry from (prior to major deregulation of the early s) to (prior to the effects of the Interstate Banking and Branching Efficiency Act of , which permitted almost nationwide branch banking). The authors found that virtually all aspects of the US Cited by: 6.   Loan-To-Deposit Ratio - LTD: The loan-to-deposit ratio (LTD) is a commonly used statistic for assessing a bank's liquidity by dividing the bank's total loans by . It has been nine months since banks were allowed to implement interstate branching, as permitted by the Riegle-Neal Interstate Banking and Branching Efficiency Act of Although interstate branching laws have not significantly affected the majority of Eighth District account holders, there have been a few changes in two areas.

The Riegle-Neal Interstate Banking and Branching Efficiency Act, passed in September and effective June 1, , will allow nationally chartered banks to branch across state lines. This act will remove impediments to interstate expansion and .


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Efficient banking under interstate branching by Joseph P. Hughes Download PDF EPUB FB2

"Efficient Banking under Interstate Branching," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(4), pagesNovember. Joseph P. Hughes & Choon-Geol Moon, " Efficient Banking Under Interstate Branching," Departmental Working PapersRutgers University, Department of Economics.

The passage of the Riegle–Neal Interstate Banking and Branching Efficiency Act of will usher in an era of widespread branch banking, changing the landscape and structure of the banking industry throughout the United States.

Banks already are beginning to restructure to take advantage of the efficiencies of the act. "Efficient banking under interstate branching," Working PapersFederal Reserve Bank of Philadelphia, revised Joseph P. Hughes & Choon-Geol Moon, "Efficient Banking Under Interstate Branching," Departmental Working PapersRutgers Efficient banking under interstate branching book, Department Efficient banking under interstate branching book Economics.

EFFICIENT BANKING UNDER INTERSTATE BRANCHING The Interstate Banking Efficiency Act of allows nationally chartered banks to branch across state lines beginning June 1, Whether banks take advantage of this new ability to branch will depend on Efficient banking under interstate branching book assessment of the profitability of such a delivery system for their services.

Riegle-Neal Interstate Banking and Branching Efficiency Act of September Signed into law by President Bill Clinton in Septemberthe law removed several obstacles to banks opening branches in other states and provided a uniform set of.

immediately to nationwide banking. The Riegle-Neal Interstate Banking and Branching Efficiency Act ofsigned into law by President Clinton on Septem eliminates most restrictions on interstate bank acquisitions and makes interstate branching possible for the first time in seventy years.

The act will permit bank holding companies (BHCs). Interstate Banking: The expansion of banking across state lines. Interstate banking became widespread in the mid s, when state legislatures passed Author: Daniel Liberto.

significantly affects banks' branching capabilities. The Riegle-Neal Interstate Banking and Branching Efficiency Act of first allowed interstate de novo bank branching. Previously, commercial banks were only permitted to establish branches in states in. The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) modified the federal statute governing de novo interstate branching by state member banks.

As a result, as of Ja state member bank Efficient banking under interstate branching book authorized to open its initial branch in a host state 1 by establishing a de novo Efficient banking under interstate branching book at any location at.

Introduction. Although the historical barriers to interstate banking activities had been significantly relaxed in recent years by state-level interstate banking legislation, the passage of the Riegle–Neal Interstate Banking and Branching Efficiency Act of (IBBEA) represents Efficient banking under interstate branching book important milestone in the movement toward unrestricted nationwide interstate banking and Cited by: Scale Economies in Banking and Financial Regulatory Reform September 1, Scale Economies in Banking and Financial Regulatory Reform Share.

Willim Lang, Loretta J. Mester and Choon-Geol Moon. “Efficient Banking Under Interstate Branching.” Journal of Money, Credit, and Banking 28(4).

2 Assessing a Decade of Interstate Bank Branching Christian A. Johnson and Tara Rice “One aspect of the American banking system that quickly impresses itself on the mind of a foreign observer is its fragmented structure [The] prospective developments in. The Riegle-Neal Amendments Act of The Impact of Interstate Branching on the Dual Banking System I.

INTRODUCTION The way Americans bank has changed dramatically since the early s when "bdnking needs and practices were relatively Efficient banking under interstate branching book and unsophisticated."' Today, Americans are more mobileAuthor: Hayley M.

Brady, Mark V. Purpura. Intrastate branching means that a bank can have more than one office within its home state. Fifty years ago, few banks had more than one office. Today, most banks can open offices (branches) across their states.

Bank branching originated at the state level, and the states have directed the expansion of banks’ geographic boundaries. Thus, de facto interstate branching has already occurred, though not, as many have argued, in an efficient way.

Consumers and small businesses are expected to benefit from the new legislation in several ways. 5 One set of benefits is generally lumped under the title of "increased convenience.". Under section 5(a)(2) of the IBA, as amended by section of the Riegle-Neal Interstate Banking and Branching Efficiency Act of(9) a foreign bank, with the approval of the Board and the appropriate state supervisory agency, may establish and operate a state-licensed branch in any state outside its home state to the extent that a state-chartered bank with the same.

> McFadden Act: Outlawed interstate branching and required national banks to abide by the laws of the state in which they operated. > Glass-Steagall Act: Established federal deposit insurance and prohibited commercial banks from engaging.

The purpose of this part is to implement section (12 U.S.C. a) of the Riegle-Neal Interstate Banking and Branching Efficiency Act of (Interstate Act). (b) Scope--(1) This part applies to any state nonmember bank that has operated a covered interstate branch for a period of at least one year.

RIEGLE-NEAL INTERSTATE BANKING AND BRANCHING EFFICIENCY ACT OF An Act To amend the Bank Holding Company Act ofthe Revised Statutes of the United States, and the Federal Deposit Insurance Act to provide for interstate banking and branching. GAO REPORT ON DATA COLLECTION UNDER INTERSTATE BRANCHING.

(a) IN GENERAL. Efficient Banking under Interstate Branching. Journal of Money, Credit, and Banking 28 (4): The Stability of Efficiency Rankings When Risk-Preferences and Objectives Are Different. Most interstate banking prohibitions were repealed by the Riegle-Neal Interstate Banking and Branching Efficiency Act of Research has also found that anticompetitive state provisions restricted out-of-state growth when those provisions were more restrictive than the provisions set by the Interstate Banking and Branching Efficiency Act or.

Technology has changed so much since the banking laws were enacted in the '30s. With the telephone, computer, and interactive video, physical branch locations are not the real delivery systems of the future. Congress is merely just catching up in some way with what has been changing in interstate banking for years.

Interstate Banking: Branch banking or group banking that occurs across state lines. Currently, "interstate branch banking" is illegal under federal law.

Intrastate Banking: Branch banking or group banking that occurs within a single state. Unit Banking: A system whereby each individual bank conducts all. On a phased basis, this Act opens the door for interstate banking and branching. The most significant aspect of the Act are that it permits, subject to certain limitations, bank holding companies to acquire out-of-state banks, interstate mergers between insured banks and interstate branching through de novo branches.

Efficient banking under interstate branching, Journal of Money, Credit, and Bank –) Here, we also estimate two additional measures that. The Benefits of Branching Deregulation Jith Jayaratne and Philip E.

Strahan* he Riegle-Neal Interstate Banking and Branching Efficiency Act, implemented in Juneenables banks to establish branches and buy other banks across the country.

This legislation is the final stage of a quarter-century-long effort to relax geographic limits on banks. Efficient banking under interstate branching, Journal of Money, Credit, and Bank –) Here, we also estimate two additional measures that gauge efficiency in terms of the market values of assets and of by: Kini, The Interstate Banking and Branching Efficiency Act: New Options, New Problems, BANKING L.J.

(); Patrick Mulloy & Cynthia Lasker, The Riegle-Neal Interstate Banking and Branching Efficiency Act of Responding to Global Competition, 21 J. Valuable bank charters have been hypothesized to provide bank managers self-regulatory incentives to constrain their risk taking. However, this paper presents evidence that charter value itself may derive from high-risk activities, indicating that minimizing risk taking also would limit the value of the charter.

During economic expansions, bank charter values Cited by: The Riegle-Neal Interstate Banking and Branching Efficiency Act of [IBBEA] amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered goal was the return to a balance between the benefits of a state bank charter versus a federal bank charter.

all interstate banking laws is a ban on expansion by z Massachusetts allowed entry through branching in its regional interstate banking law. In Septemberthe regional law was superseded by a nationwide interstate banking law. The new law. Interstate Banking and Branching Efficiency Act of listed as IBBEA.

Interstate Banking and Branching Efficiency Act of - How is Interstate Banking and Branching Efficiency Act of abbreviated. ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT. Such opportunities should become even easier with full interstate branching.

Repealed the ReigIe-Neal Interstate Banking and Branching Efficiency Act B. Repealed the Glass-Steagall Act's prohibition of mergers between commercial banks and insurance or securities firms C.

Repealed the McFadden Act's restriction on bank branching. Banks Move to Salvage Interstate Branching. But Impetus Grows for Narrow Bill. WASHINGTON -- Following the resounding defeat of comprehensive banking legislation in the House, the American Bankers Association and large banks continued to hold out hope Tuesday that a measure permitting interstate branching could be salvaged.

H.R. (rd). To amend the Bank Holding Company Act ofthe Revised Statutes of the United States, and the Federal Deposit Insurance Act to provide for interstate banking and branching.

Ina database of bills in the U.S. Congress. The banks continued to seek complete interstate banking and eventually got it. The Riegle-Neal Interstate Banking and Branching Efficiency Act of gave them exactly what they wanted.

It also allowed bank holding companies to do things that they had previously been disallowed like hold subsidiaries that offered speculative investments. Joseph P. Hughes, William Lang, Loretta J. Mester, and Choon-Geol Moon, "Efficient Banking under Interstate Branching," pp.

Comment by William C. Hunter, pp. Chemical Banking Corp. 3 ,'/D. 'f Institution Total As (mil lion ing Organizations and States y Operate Bank Subsidiaries (as of 12/31/92) AZ, CA, ID, NV, OR, TX, WA 25 Largest Ban in Which The The proconsumer argument for interstate branching Author: Calem, Paul S.

(a) Subject to Sectionone or more Texas banks may enter into an interstate merger transaction with one or more out-of-state banks under this chapter, and an out-of-state bank resulting from the transaction may maintain and operate the branches in this state of a Texas bank that participated in the transaction.

BANKING AGENCIES ISSUE HOST STATE LOAN-TO-DEPOSIT RATIOS The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued on Jthe host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section of the.

Pdf federal Riegle–Neal Interstate Banking and Branching book on the genesis of Dodd–Frank, wrote in a May 5, article: U.S. banking has become more efficient and competitive thanks.

Source: FDIC, Quarterly Banking Profile, Q3 Other measures of bank earnings also contradict Philippon’s claim of growing market power. Listed banks’ average price-to-book-value ratio, a.Ebook states forbade intrastate branching; interstate branching was all but unheard of, except when conducted by relatively small private (unincorporated) banks.

During the Civil War, Congress passed a law authorizing the establishment of national banks, but the term referred only to the fact that the national government chartered and regulated.