ERIC Number: ED326368
Record Type: RIE
Publication Date: 1990-Feb
Reference Count: N/A
Deregulation and the Structure of Rural Financial Markets. Rural Development Research Report Number 75.
Milkove, Daniel L.; Sullivan, Patrick J.
Changes in rural financial markets as affected by bank deregulation have a potential impact on rural educational finance, specifically, financial aid programs for students and schools. Banking legislation and regulation changes have aimed to strengthen the industry and to provide consumers with more services and more choices among providers. Ownership of many banks is changing hands as holding companies acquire additional banks both within and beyond their home states. Most banks that disappear become branches of other banks, so that financial services within most communities are maintained. By incorporating branch offices and by identifying holding company to the services and lending experience associated with large banks. A growing number of rural counties are served by a combination of local and urban-based banking firms. These communities may receive the benefits of wider services from large banks and greater local knowledge available from locally owned community banks. On the other hand, some analysts fear that rural communities will be stripped of locally owned banks and left to the whims of large banking firms. This report examines the structure of rural bank markets including sources of rural credit, individual state patterns of bank branching, and holding company characteristics. It attempts to determine how rural bank structure has changed during the 1980s and discusses bank failures and mergers, the growth of holding companies and interstate banking activities, and probable scenarios for the future of the rural banking system. Appendices include a summary of banking legislation, an explanation of data sources, and concepts, and 11 tables of data. (ALL)
Descriptors: Banking, Educational Finance, Federal Legislation, Financial Needs, Financial Policy, Financial Services, Rural Areas, Rural Development, Rural Economics, State Legislation
ERS-NASS, P.O. Box 1608, Rockville, MD 20849-1608 ($8.00).
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Economic Research Service (USDA), Washington, DC. Agriculture and Rural Economy Div.