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McFadden Act (Branch Banks)

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The McFadden Act permits national banks, with the approval of the Comptroller of the Currency, to establish new branches within the State where the national banks are located, but only to the extent that the State by statute permits State-chartered banks.

  • McFadden Act of 1927
  • Public Law 639-69
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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102