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
U.S. Government Printing Office, 1984 - Electronic funds transfers - 302 pages
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allow amendment Appeals application ATM's authority automated automatic teller machines Bankers Association basis believe benefits bill Board branch cash Chairman chartered checks Committee Company competitive Comptroller Congress consumers continue convenience cost credit unions CSBS customers decision deployment deposit depository institution device District Court effect electronic funds transfer enacted established existing facilities fact federal financial institutions follows functions funds transfer systems holding IBAA important industry interpretation interstate issue legislation limited loan located Mandatory Marine Midland MasterCard McFadden Act means national banks offer operation participate Permissive permit position problem prohibit proposed protection question reason regarding regional regulation rented restrictions result ruling savings Senator GORTON shared ATM networks shared networks specifically statement statutes supermarket taking term terminals tions transaction United Wegman's withdrawals York
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...