BANKING REFORM BY STATUTE

Authors

Robert G. Rodkey, School of Business Administration, University of Michigan

Abstract

The lamentable failure of our banking system to function satisfactorily in the performance of its duties to the public raises at the outset two kinds of questions. Is there something fundamentally unsound about the structure of our banking machinery or does the trouble reside merely in a lack of understanding on the part of bankers of the proper management of the detailed activities in which banks necessarily engage? Or may the unsatisfactory result be ascribed to a combination of these two alternatives? The position taken in this paper is that the structure of our banking system is inherently unsound and that far too large a proportion of bankers have no conception of the fundamental principles of sound banking. When we turn our attention to possible remedies for these defects we are at once confronted not only with the problem of what changes might be efficacious, but also with the question as to the power of the federal government to prescribe by statute the necessary alterations for other than national banks.

Recommended Citation

Robert G. Rodkey, BANKING REFORM BY STATUTE, 32 Mich. L. Rev. 881 (1934).
Available at: https://repository.law.umich.edu/mlr/vol32/iss7/2