Bankowość · 17/03/1997

OCC, Board, and FDIC Propose Uniform Regulations to Restrict Interstate Banking for Deposit Production

The OCC, Board, and FDIC are proposing new regulations to implement section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, which would prohibit banks from establishing or acquiring branches outside their home state primarily for deposit production, and provide guidelines for assessing whether such banks are meeting local credit needs.