Which of the following items has not been a factor in the erosion of interstate banking restrictions?
A)The purchase of troubled banks.
B)The establishment of nonbank banks.
C)The Bank Holding Company Act Amendments of 1970.
D)The expansion of OBHC activities.
E)The establishment of regional and national banking pacts.

Question

Quizplus · Accepted Answer

The Bank Holding Company Act Amendments of 1970 actually increased restrictions on interstate banking by prohibiting banks from acquiring banks in another state without prior approval from the Fed. The other options listed have all been factors in the erosion of interstate banking restrictions.

Which of the Following Items Has Not Been a Factor