Status of ATM's Under State Branching Laws: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-eighth Congress, Second Session, on S. 2898 ... September 19 and 20, 1984 |
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Page 7
... networks will continue to provide increased convenience and lower costs to consumers . Marine Midland Bank therefore strongly urges the passage of S. 2898 . September 13 , 1984 Comments of Plus System , Inc. on S.2898 , " 7.
... networks will continue to provide increased convenience and lower costs to consumers . Marine Midland Bank therefore strongly urges the passage of S. 2898 . September 13 , 1984 Comments of Plus System , Inc. on S.2898 , " 7.
Page 13
... continue to visit the teller window in a brick and mortar facility of an agent bank to cash a check . Yet , under an extension of the Marine Midland principle , an ATM owned by the same agent bank would be a " branch , " and therefore ...
... continue to visit the teller window in a brick and mortar facility of an agent bank to cash a check . Yet , under an extension of the Marine Midland principle , an ATM owned by the same agent bank would be a " branch , " and therefore ...
Page 15
... continue to be precisely the same as they were before the aberrant and erroneous April 6 , 1984 Marine Midland decision . With this assurance , consumers will continue to enjoy the substantial benefits of widespread electronic access to ...
... continue to be precisely the same as they were before the aberrant and erroneous April 6 , 1984 Marine Midland decision . With this assurance , consumers will continue to enjoy the substantial benefits of widespread electronic access to ...
Page 33
... continue to apply even though the shared ATM would no longer continue to be classified as a branch . This would preserve the heart of the status quo and would eliminate the " wide open " ATM environment which would be occasioned by the ...
... continue to apply even though the shared ATM would no longer continue to be classified as a branch . This would preserve the heart of the status quo and would eliminate the " wide open " ATM environment which would be occasioned by the ...
Page 46
... continue to believe that it would be good public policy to exempt all ATMs from the coverage of the McFadden Act . Both consumers and the banking system as a whole would stand to benefit from such belated recognition of the advanced ...
... continue to believe that it would be good public policy to exempt all ATMs from the coverage of the McFadden Act . Both consumers and the banking system as a whole would stand to benefit from such belated recognition of the advanced ...
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Common terms and phrases
amendment ATM sharing ATM's authority automated device automated teller machine bank customers Bank Supervisors bank's Banking Convenience Act banking services bill branch banking branching laws Canandaigua cash CBCT Chairman chartered competitive equality Comptroller Comptroller's consumers credit unions CSBS Currency deployment depository institution EFT terminals electronic banking electronic funds transfer electronic terminal enacted facilities financial institutions funds transfer systems home office protection IBAA IBANYS Independent Bankers Association interpretation interstate issue legislation LIBRARY OF CONGRESS located MALARKEY Mandatory sharing Marine Midland Bank Marine Midland decision MasterCard MasterTeller program McFadden Act member banks National Bank Act out-of-state owned-or-rented participate in shared permissible functions Permissive sharing permit prohibit proprietary ATMs PSI member regulation rented S&Ls savings and loan Section Senator GORTON Senator TRIBLE shared ATM networks shared ATM systems shared networks shared systems Statewide status quo statutes supermarket tions transaction fee Wegman's Wegmans Food Markets withdrawals York
Popular passages
Page 24 - branch' as used in this section shall be held to include any branch bank, branch office, branch agency, additional office, or any branch place of business located in any State or Territory of the United States or in the District of Columbia at which deposits are received, or checks paid, or money lent.
Page 63 - nothing herein contained shall prevent any State member bank from establishing and operating branches in the United States or any dependency or insular possession thereof or in any foreign country, on the same terms and conditions and subject to the same limitations and restrictions as are applicable to the establishment of branches by national banks...
Page 219 - State bank and its branches are situated." (5) A member State bank may not establish a branch beyond the corporate limits of the city, town, or village in which it is situated unless such establishment and operation are at the time authorized to State banks by the statute law of the State in question by language specifically granting such authority affirmatively and not merely by implication or recognition.
Page 78 - National banks are quasi-public institutions, and for the purpose of which they are instituted are national in their character, and, within constitutional limits, are subject to the control of Congress and are not to be interfered with by State legislative or judicial action, except so far as the lawmaking power of the Government may permit.
Page 274 - Consumers Union is a nonprofit membership organization chartered in 1936 under the laws of the State of New York to provide information, education and counsel about consumer goods and services and the management of family income. Consumers Union's income is derived solely from the sale of Consumer Reports, its other publications and films. Expenses of occasional public service efforts may be met, in part, by nonrestrictive, noncommercial contributions, grants and fees.
Page 63 - ... except that the approval of the Board of Governors of the Federal Reserve System, instead of the Comptroller of the Currency, shall be obtained before any State member bank may hereafter establish any branch and before any State bank hereafter admitted to membership may retain any branch established after February 25, 1927, beyond the limits of the city, town, or village in which the parent bank is situated.
Page 23 - ATM location and function closely parallel public interest in bank branching as embodied in the McFadden Act and the Douglas Amendment to the Bank Holding Company Act.
Page 127 - Commission, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 219 - A national banking association may, with the approval of the Comptroller of the Currency, establish and operate new branches: (1) Within the limits of the city, town or village in which said association is situated, if such establishment and operation are at the time expressly authorized to State banks by the law of the State in question...
Page 95 - branch bank" at the very least includes any place for receiving deposits or paying checks or lending money apart from the chartered premises; it may include more.