4 ms·
"Until 1995, US banks couldn't operate in more than one state" Can you clarify what you mean? The National Bank Act was originally written in 1863.
by coachtrotz 5y ago
"Until 1995, US banks couldn't operate in more than one state"
Can you clarify what you mean? The National Bank Act was originally written in 1863.
- Animats 5y agoSee this 1994 article from the St. Louis Fed, "Going Interstate: A New Dawn For U.S. Banking"[1] And then in 1999, even more deregulation.[2] [1] https://www.stlouisfed.org/publications/regional-economist/july-1994/going-interstate-a-new-dawn-for-us-banking https://www.stlouisfed.org/publications/regional-economist/j... [2] https://www.wsws.org/en/articles/1999/11/bank-n01.html https://www.wsws.org/en/articles/1999/11/bank-n01.html