What Can Regulators Regulate? The Case of Bank Entry

Burton Abrams and Russell F Settle

Journal of Money, Credit and Banking, 1992, vol. 24, issue 4, 511-18

Abstract: Previous researchers have claimed that the Banking Acts of 1933 and 1935 reduced the annual rate of entry of new commercial banks by as much as 50 percent between 1936 and 1962. In contrast, the authors find that this legislation did not reduce bank entry rates. Previous studies did not account for legislative changes that reduced restrictions over branch banking and stimulated growth in the number of branches in about half the states during the 1936-62 period. After accounting for these changes in branching laws, it becomes clear that entry of new banks was depressed by growth in branch banks, not by restrictive federal regulations. Copyright 1992 by Ohio State University Press.

Date: 1992
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