Assessing a decade of interstate bank branching
By: Christian A. Johnson, Tara Rice.
Contributors: Rice, Tara N.; Federal Reserve Bank of Chicago. Research Dept.
Series: Working paper series -- WP-2007-03; Working paper series (Federal Reserve Bank of Chicago. Research Dept. : Online) -- WP-2007-03.
Publisher: Federal Reserve Bank of Chicago
Published: 2007
Place of publication: [Chicago, Ill.]
Language: eng
Format: Electronic resource
Subjects: Banks and banking -- Branch banks -- United States -- States; Banks and banking -- Branch banks -- Law and legislation -- United States -- States; Interstate banking -- United States; Interstate banking -- Law and legislation -- United States
Description: "U.S.  banking regulation has historically prohibited the ability of a bank to open or own a branch located outside of its home state, commonly referred to as interstate branching.  Only since the passage of the Riegle-Neal Interstate Banking and Branching Efficiency Act (IBBEA) in 1994 have banks have been able to engage in interstate branching, though subject to state restrictions.  Despite IBBEA's removal of branching barriers, it still allowed the states to impose restrictions on the entry of out-of-state branch offices.  This article describes the changes in Federal and state interstate branching law since passage of IBBEA and reviews how initial (1994-1997) and evolving (1998-2004) interstate branching laws affect out-of-state branch growth.  It concludes that anticompetitive state provisions restricted out-of- state growth when those provisions were more restrictive than the provisions set by IBBEA or by neighboring states"--Federal Reserve Bank of Chicago web site.
Notes: Title from PDF file as viewed on 5/24/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.