State banking commissions,on average,impose tougher standards for chartering new banks than the federal chartering agency,the Comptroller of the Currency.

Question

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State banking commissions often have different standards, but not necessarily tougher than those imposed by the federal chartering agency, the Comptroller of the Currency. The stringency of regulations can vary by state and does not uniformly exceed federal standards.

State Banking Commissions,on Average,impose Tougher Standards for Chartering New Banks