Interstate banking, which has been the subject of increasingly
heated debate, seems to be arriving at a faster pace than
previously imagined. Recognizing the burgeoning interest in this
controversial subject, the Federal Reserve Bank of Atlanta invited
a blue-ribbon panel of financial industry experts, regulatory
authorities, and analysts to participate in a forum that addressed
the potential economic impact of interstate banking on both the
banking system and the public and also explored alternative
strategies for large and small banks for dealing with these
challenges. Participants close to the situation summarized recent
developments, assessed their implications, and discussed strategies
that smaller institutions can adopt to assure that they won't be
trampled by huge competitors.
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