Document Type

Article

Publication Date

1-1989

Abstract

Each of the five articles in this symposium deals in one way or another with a single question: In what ways and to what end should banks be regulated? Although banks and bankers are the very symbols of a capitalist economy, banks and bankers are not free. No banker may set up business on his own; he must have a charter. With insignificant exceptions no bank or bank holding company can operate a steel mill, sell grass seed, manufacture snowmobiles, or engage in any other activity that is not related to banking. There are rules that limit the geographic scope of a bank's activity, the places it may open an office, and even the amounts it may lend and the prices it may charge. Each of the five articles in this symposium examines a different legal problem and discusses a form of bank regulation. In some cases the regulation is found in federal statutes or administrative rules. In other cases it is found in court decisions or in state laws.

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