| Show Ww wl Crissinger e r an and State Stafe date Banks a S Fall a Out U i. i N The standing long feud between state and national banking Institutions tu dons over o branch branc l banks has just come com cometo cometo to a head as a result of Comptroller of ot the rite Currency CrIssinger's policy In which national banks to compete successfully sue suc with state Institutions are allowed to maintain additional offices The fact that there was such a n policy came to light when the comptroller comp comp- sent a letter to Senator Ili in answer to a protest from the Chicago and Cook County Bankers Bankers' Bankers Bankers' Bankers Bankers' Bank Bank- ers' ers association admitting frankly that he had found a means means' of getting around the law against national bank branches and that he had no hesitation hesitation tion In n resorting to such an evasion evasion- If evasion It be tie tie-in In order that national national na na- na banks might s survive the competition competition competition compe compe- of state institutions In this communication Comptroller Crissinger agreed that the national banking act forbids national bank I Ij q j t tot P ot except In the tike case of state banns banks s having branches at nt the time Ul they may be nationalized two Twenty two states on the other hand permit state Institutions to have and to operate branches and the result has been as the comptroller points out out that state stute banks and trust companies with th their lr branches scattered over a given community have reduced the national banks in so some ne cities to a negligible negligible neg neg- number |
