Identify the legislation that restricted the branching of nationally-chartered banks to the same guidelines as allowed to state-chartered banks.
A)Bank Holding Company Act.
B)McFadden Act.
C)Garn-St.Germain Act.
D)Glass-Steagall Act.
E)Competitive Equality in Banking Act.

Question

Quizplus · Accepted Answer

The McFadden Act of 1927 restricted federally-chartered banks from branching across state lines and limited their ability to establish new branches within their own state to the same guidelines as state-chartered banks.

Identify the Legislation That Restricted the Branching of Nationally-Chartered Banks