Branch Bank Controversy

Archive Report

“The unlimited extension of the practice of branch banking will give to banks operating under liberal State charters such competitive advantages over the unit banks which are members of the Federal Reserve System, as to impair materially their usefulness, if it, in fact, does not ultimately result in their extinction”.

Majority Report of the Federal Reserve Board

“Economic developments, such as the growth of branch banking, do not take place without reason and should not be arbitrarily repressed by any governmental body. Branch banking has been recognized by the foremost authorities on banking in the United States as a natural method of extending banking facilities to small communities, as presenting opportunities for diffusing business risks over larger areas than at present with a gain analagous to ...

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