Interstate Banking Efficiency Act conference report (to accompany H.R. 3841). by U. S. Congress

Cover of: Interstate Banking Efficiency Act | U. S. Congress

Published by U.S. G.P.O. in [Washington, D.C.? .

Written in English

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Subjects:

  • Banking law -- United States.,
  • Interstate banking -- Law and legislation -- United States.,
  • Bank holding companies -- United States.

Edition Notes

Book details

SeriesReport / 103d Congress, 2d session, House of Representatives -- 103-651.
The Physical Object
Pagination68 p. ;
Number of Pages68
ID Numbers
Open LibraryOL17748833M

Download Interstate Banking Efficiency Act

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. by Bill Medley, Federal Reserve Bank of Kansas City. The Riegle-Neal Interstate Banking and Branching Efficiency Act of removed many of the restrictions on opening bank branches across state lines.

These restrictions were largely the result of the McFadden Actin and other laws that attempted to address long-standing concerns about the concentration of financial activity and worries that large banking. Book: All Authors / Contributors: Matthew Bender (Firm) OCLC Number: Notes: Also cited as the Riegle-Neal Interstate Banking and Branching Efficiency Act ofPub.Stat.

(Sept. 19, ). Description: 17 pages ; 24 cm: Other Titles: Riegle-Neal Interstate Banking and Branching Efficiency Act of P.L. 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.

The Interstate Banking and Branching Efficiency Act (IBBEA) represented a significant step in the deregulation of interstate banking and branching. The IBBEA's passage had a positive wealth effect on a sample of large Bank Holding Companies (BHCs).Cited by: Efficiency Act ofsigned Interstate Banking Efficiency Act book law by President Clinton on Septem eliminates most restrictions on interstate bank acquisitions and makes interstate branching possible for.

Introduction. Although Interstate Banking Efficiency Act book 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 an important milestone in the movement toward unrestricted nationwide interstate banking and branching by: Section was enacted as part of the Riegle-Neal Interstate Banking and Branching Efficiency Act ofand not as part of the Federal Deposit Insurance Act.

The Riegle-Neal Interstate Banking and Branching Efficiency Act ofwhich became fully operative on June 1,eliminated virtually all interstate It was assumed that banks and bank holding companies would use their new geographic freedom to expand across state lines through mergers, acquisitions, and the establishment of de novo by: 1.

On Septemthe Riegle-Neal Interstate Banking and Branching Efficiency Act of was signed into law by President Clinton. On a phased basis, this Act opens the door for interstate banking.

TABLE OF CONTENTS: Title I: Interstate Banking and Branching Title II: General Provisions Riegle-Neal Interstate Banking and Branching Efficiency Act of - Title I: Interstate Banking and Branching - Amends the Bank Holding Company Act of to authorize the Board of Governors of the Federal Reserve System (the Board) to permit an.

THE RIEGLE-NEAL INTERSTATE BANKING AND BRANCHING EFFICIENCY ACT OF RESPONDING TO GLOBAL COMPETITION Patrick Mulloy* and Cynthia Lasker** I. INTRODUCTION On SeptemPresident Clinton signed into law the Riegle-Neal Inter-state Banking and Branching Efficiency Act of ' This historic banking legislationCited by: 7.

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 banks.

The goal was the return to a balance between the benefits of a state bank charter versus a federal bank charter. Get this from a library. Interstate Banking Efficiency Act: conference report (to accompany H.R. [United States. Congress]. 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. Riegle-Neal Interstate Banking and Branching Efficiency Act of - Title I: Interstate Banking and Branching - Amends the Bank Holding Company Act of to authorize the Board of Governors of the Federal Reserve System (the Board) to permit an adequately capitalized and adequately managed bank holding company to acquire existing out-of-State banks, subject to State age law.

Banking and Branching Efficiency Act of (Interstate Act). In general, section prohibits a bank from establishing or acquiring a branch or branches outside of its home state primarily for the purpose of deposit Size: 35KB.

We find large and significant abnormal returns around the Interstate Banking and Branching Efficiency Act of which imply it created $85 billion of value in the banking industry. with section of the Riegle-Neal Interstate Banking and Branching Efficiency Act of (Interstate Act).

In general, section prohibits a bank from establishing or acquiring a branch or branches outside of its home state primarily for the purpose of deposit production. SectionFile Size: 31KB. The Riegle-Neal Interstate Banking and Branching Efficiency Act of permitted banks that met capitalization requirements to acquire other banks in any other state after Oct.

1, Author: Daniel Liberto. Schranz, Mary S, "Takeovers Improve Firm Performance: Evidence from the Banking Industry," Journal of Political Economy, University of Chicago Press, vol.

(2), pages, Harold A & Fields, M Andrew & Schweitzer, Robert L, "Changes in Interstate Banking Laws: The Impact of Shareholder Wealth," Journal of Finance, American Finance Association, vol.

45(5), pages. A Summary of the Riegle-Neal Interstate Banking and Branching Efficiency Act October9 J. Int'l Banking L. (a) Short TitleThis Act may be cited as the "Riegle-Neal Interstate Banking and Branching Efficiency Act of ". (b) Table of ContentsThe table of contents for this Act is as follows: TITLE I--INTERSTATE BANKING AND BRANCHING Sec.

Interstate banking. Sec. Interstate bank mergers. Sec. File Size: KB. (collectively, the agencies) today are making public the host state loan-to-deposit ratios. that the agencies will use to determine compliance with section of the Riegle-Neal Interstate Banking and Branching Efficiency Act of (Interstate Act).

In general, section prohibitsFile Size: 42KB. 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 which they were headquartered. With the enactment of Riegle-Neal, the National Bank Act and Federal Deposit Insurance Act were. Interstate Banking and Branching Efficiency Act of Progress Toward A New Era in Financial Services Regulation, 46 SYRACUSE L.

REV. (); Tart, Charlotte L., Expansion of the Banking Industry Under the Riegle-Neal Interstate Banking and Branching Efficiency Act of Is the Banking Industry Headed in the Right. The interstate banking bill is formally known as the Riegle-Neal Interstate Banking and Branching Efficiency Act ofafter two lawmakers who.

First Interstate is a community bank offering a variety of services including home loans, commercial loans, wealth management, online/mobile banking, and more. One of the results of the Reigel-Neal Interstate Banking and Branching Efficiency Act of was: A reversal of the branching restrictions of the McFadden Act The sharp reduction in the number of banks that has occurred since the mid s has been due primarily to.

Riegle-Neal Interstate Banking and Branching Efficiency Act of ; Riegle-Neal Interstate Banking and Branching Efficiency Act of Riegle-Neal Interstate Banking and Branching Efficiency Act of Pub.Sept.

29,Stat. Under the terms of the Riegle-Neal Interstate Banking and Branching Efficiency Act, adequately capitalized and managed bank holding companies can acquire a bank anywhere inside the.

The academic consensus emphasizes the benefits of branch banking and, while acknowledging the McFadden Act expanded branching, suggests that the act did not go far enough.

Nationwide branch banking eventually became the law of the land, but not until the passage of the Riegle-Neal Interstate Banking and Branching Efficiency Act in Idaho and Select Wyoming Lobbies Opening.

Effective Wednesday, our Idaho and Buffalo, Gillette, and Sheridan, Wyoming branch lobbies are open from 10 a.m. to 2 p.m., Monday-Friday.

By Patrick Mulloy, Published on 05/01/95Cited by: 7. The answer lies in the Riegle-Neal Interstate Banking and Branching Efficiency Act of The purpose of this legislation was to deregulate the bank industry by allowing federally chartered. Branching and Bank Mergers SECTION Purpose. It is the intent of this article to permit interstate branching by merger under Section of the Riegle-Neal Interstate Banking and Branching Efficiency Act ofPublic Law No.in accordance with the provisions set forth in this article.

Ohio, given Nov 21 states: "With regard to future banking industry consolidation, the Riegle-Neal Interstate Banking and Branching E ciency Act of essentially expands the existing regional compacts to the nation as a whole, and overturns the McFadden Act prohibition on interstate branching.

[] The removal of these arti cial. (e.) The Competitive Equality in Banking Act of (f.) The Financial Institutions Reform, Recovery, and Enforcement Act of (g.) The Federal Deposit Insurance Corporation Improvement Act (FDICIA) of (h.) The Riegle-Neal Interstate Banking and Branching Efficiency Act of (i.) Financial Services Modernization Act of Actions on H.R - rd Congress (): Riegle-Neal Interstate Banking and Branching Efficiency Act of To address this, The Bank Holding Company Act of prohibited bank holding companies headquartered in one state from having branches in any other state.

Most interstate banking prohibitions were repealed by the Riegle-Neal Interstate Banking and Branching Efficiency Act of. 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.On J the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency issued the host state loan-to-deposit ratios that they will use to determine compliance with section of the Riegle-Neal Interstate Banking and Branching Efficiency Act of Joint Release.Riegle-Neal Interstate Banking and Branching Efficiency Act of Law permitting interstate banking in the U.S.

Riegle-Neal Interstate Banking and Branching Efficiency Act of Legislation in the United States repealing previous restrictions on banks from operating in more than one state.

The Riegle-Neal Act allowed banks, under certain.

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