Financial innovations that grew out of the bank branching restrictions were

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Bank holding companies were created as a way to bypass the restrictions on interstate branching. Meanwhile, automatic teller machines provided a way for customers to access their accounts without needing to physically go into a branch. While securitization and sweep accounts did also emerge as financial innovations, they were not directly related to the bank branching restrictions. Bank credit cards did not emerge until later.

Financial Innovations That Grew Out of the Bank Branching Restrictions