21-33 In the middle part of the twentieth century,large banks addressed the issue of interstate branch banking restrictions by forming multibank holding companies with bank subsidiaries in different states.

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This statement is true. In response to the restrictions on interstate branch banking, large banks formed multibank holding companies which had bank subsidiaries in different states. This allowed them to expand their operations and overcome the limitations imposed by state-level regulations.

21-33 in the Middle Part of the Twentieth Century,large Banks