McFadden Act

McFadden Act

The McFadden Act is a United States federal law, named after Louis Thomas McFadden member of the United States House of Representatives and Chairman of the United States House Committee on Banking and Currency, enacted in 1927 from recommendations made by the comptroller of the currency Henry May Dawes.

The Act sought to give national banks competitive equality with state-chartered banks by letting national banks branch to the extent permitted by state law. The McFadden Act specifically prohibited interstate branching by allowing each national bank to branch only within the state in which it is situated. Although the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 [1] repealed this provision of the McFadden Act, it specified that state law continues to control intrastate branching, or branching within a state's borders, for both state and national banks.

See also

References

  1. ^ Lemonade or Lemon? Riegel-Neal Act of 1994

External links

v · d · eBank regulation in the United States
Fair debt collection
Federal authorities
Major federal legislation
Category (Category)
Federal Reserve Board
regulations
Extensions of Credit by Federal Reserve Banks (Reg A)
Equal Credit Opportunity (Reg B)
Home Mortgage Disclosure (Reg C)
Reserve Requirements for Depository Institutions (Reg D)
Electronic Fund Transfer (Reg E)
Limitations on Interbank Liabilities (Reg F)
International Banking Operations (Reg K)
Consumer Leasing (Reg M)
Loans to Insiders (Reg O)
Privacy of Consumer Financial Information (Reg P)
Prohibition Against the Paying of Interest on Demand Deposits (Reg Q)
Credit by Brokers and Dealers (Reg T)
Credit by Banks and Persons Other Than Brokers or Dealers for the Purpose of Purchasing or Carrying Margin Stock (Reg U)
Transactions Between Member Banks and Their Affiliates (Reg W)
Borrowers of Securities Credit (Reg X)
Truth in Lending (Reg Z)
Unfair or Deceptive Acts or Practices (Reg AA)
Community Reinvestment (Reg BB)
Availability of Funds and Collection of Checks (Reg CC)
Truth in Savings (Reg DD)
Types of bank charter
State authorities
Florida • New York • Oklahoma • Pennsylvania • Tennessee
Terms
Call report • Thrift Financial Report • CAMELS ratings • CAMEL rating system
Other topics

Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • McFadden Act — Federal legislation that gave individual states the authority to govern bank branches located within the state. This includes branches of national banks located within state lines. The act was intended to allow national banks to compete with… …   Investment dictionary

  • McFadden — may refer to: Contents 1 People 2 Fictional characters 3 Other 4 …   Wikipedia

  • McFadden Brothers — http://www.themcfaddenbrothers.com The Mcfadden Brothers (American entertainers) are: Lonnie McFadden trumpet, voice, tap dancing and Ronald McFadden alto saxophone, voice, tap dancing. Born in Kansas City, MO, the McFadden Brothers are the sons… …   Wikipedia

  • Louis Thomas McFadden — Louis T. McFadden Louis Thomas McFadden né le 25 juillet 1876 et mort le 1er octobre 1936 est un banquier et un homme politique américain. Il fut un représentant …   Wikipédia en Français

  • Louis Thomas McFadden — Member of the U.S. House of Representatives from Pennsylvania s 14th district In office 1915–1923 Preceded by …   Wikipedia

  • Bob McFadden — Robert Bob McFadden (19 January 1923 mdash; 7 January 2000) was a singer and voiceover actor best known for his many contributions to animated cartoons. His best known characters were Milton the Monster, Cool McCool, and the ThunderCats Snarf. In …   Wikipedia

  • Susan McFadden — Infobox Musical artist Img size = 150 | Name = Susan McFadden Landscape = Background = Birth name = Susan McFadden Alias = Born = 1984 Age = 24 Died = Origin = Artane, Dublin Genre = TV/Movies Occupation = Singer, Actress Years active = 2007… …   Wikipedia

  • American Recovery and Reinvestment Act of 2009 — Stimulus bill redirects here. For other uses, see Stimulus bill (disambiguation). ARRA redirects here. For other uses, see ARRA (disambiguation). American Recovery and Reinvestment Act of 2009 Full title An act making supplemental appropriations… …   Wikipedia

  • Jobs and Growth Tax Relief Reconciliation Act of 2003 — The Jobs and Growth Tax Relief Reconciliation Act of 2003 ( JGTRRA , USPL|108|27, USStat|117|752), was passed by the United States Congress on May 23, 2003 and signed by President Bush on May 28, 2003.Among other provisions, the act accelerated… …   Wikipedia

  • ЗАКОН МАКФАДДЕНА — MCFADDEN ACTВажный законодательный акт, принятый в 1927 г. и разрешавший нац. банкам открывать свои отделения со всеми видами услуг в тех крупных городах, где они расположены, при условии, что банки штатов пользуются теми же правами. После… …   Энциклопедия банковского дела и финансов

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”