1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elina [12.6K]
3 years ago
6

Why have some states placed restrictions on intrastate and interstate branches? What historical laws gave this right to states?

What law changed these restrictions?
Law
1 answer:
BigorU [14]3 years ago
6 0

Answer:

The wave of bank failures in the 1920s threatened to undermine political support for banks. Eight states located in the east and south allowed the opening of branches without restrictions. Another 13 states allowed the opening of branches with strong restrictions to protect competition from bankers in rural areas.

Explanation:

The Grass-Steagall Act of 1933 was used to support unit banks and preserve their income by isolating them from competition. This law was designed to hinder the chains and groups of unit banks to organize themselves in a farm. This law discouraged bank consolidation by limiting operations when subscribing securities by banks. The ban on paying interest on demand deposits affected banks even more.

The reforms of the 1930s not only managed to limit mortgage loans, but also established certain specific restrictions to attract agricultural interests affected government subsidies.

A major blow to these laws that prohibited the opening of interstate branches came in 1982, when the Bank Holdings Act of 1956 was amended by Congress to allow bankrupt banks to get acquired by any bank holding .

The final blow to the unit banks came in 1994, when Congress reached the Riegle-Neal Law on interstate banking and branch efficiency. With this law, banks have branches both inside and outside the borders.

You might be interested in
Select the correct answer.
erastova [34]
Physiology of an individual.
6 0
3 years ago
Read 2 more answers
In 2009, which case qualified the earlier New York v. Belton court decision on conducting searches in the passenger compartments
insens350 [35]

Answer:

Arizona v. Gant

Explanation:

Arizona v. Gant (2009), was a USA Supreme Court choice stating that the 4th Amendment to the USA Constitution requires law implementation officials to exhibit a real and proceeding with danger to their wellbeing presented by an arrestee, or a need to protect proof identified with the wrongdoing of capture from altering by the arrestee, so as to legitimize a warrantless vehicular pursuit episode to capture directed after the vehicle's ongoing tenants have been captured and made sure about.

3 0
3 years ago
What is the difference between the supreme courts and the district courts
sergeinik [125]

Answer:Court Structure

Explanation:The Constitution and laws of each state establish the state courts. A court of last resort, often known as a Supreme Court, is usually the highest court. ... Below these appeals courts are the state trial courts. Some are referred to as Circuit or District Courts.

8 0
3 years ago
2
kaheart [24]

Answer:

The CORRECT answer is C. Army

Explanation:

It is better known as the SIFT, both commissioned and warrant officers are required to obtain a score of at least 40 in order to qualify for flight school. The multiple-choice test is broken down into seven sections and can take up to three hours.

Hopefully this helps!!

Let me know if you still need help or if you have any questions!

7 0
2 years ago
This type of tort does not require an intent to cause harm just an intent to do the act
kipiarov [429]

:Intentional torts are wrongful acts done on purpose. The person does not need to actually mean harm, but the other person ends up hurt anyway, such as in a prank. Or, the person can definitely mean harm, such as domestic violence cases

3 0
2 years ago
Other questions:
  • In 2008, Congress passed the Americans with Disabilities Amendments Act. What was the scope of the changes?
    6·1 answer
  • Which law extends accessibility and antidiscriminatory protection for individuals with disabilities into private-sector employme
    14·1 answer
  • The work of private security personnel is analogous to law enforcement officers, which means: the work of both is exactly the sa
    14·1 answer
  • Why You could speculate that is important for motorists to keep up to date with traffic laws and driving techniques?
    6·1 answer
  • 3. Which of the following can pose more danger to motorcyclists than to drivers?
    12·2 answers
  • Select the correct answer.
    6·1 answer
  • Which of the following best describes a custodial interview?
    9·1 answer
  • Hey, My dream job is to become a bounty hunter but I've been looking around and can't find what education and etc you need to be
    14·1 answer
  • Alcohol first affects the area of the brain that controls
    7·1 answer
  • What is the power of the majority?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!