Rajan, Raghuram G.; Ramcharan, Rodney - National Bureau of Economic Research (NBER) - 2011
The McFadden Act of 1927 was one of the most hotly contested pieces of legislation in U.S. banking history, and its influence was still felt over half a century later. The act was intended to force states to accord the same branching rights to national banks as they accorded to state banks. By...