Convenience and Needs: A Post-audit Survey
Review of bank holding company applications
submitted in the Seventh Federal
Reserve District during the first half of the
1970s shows that, on average, holding companies
made few firm commitments to
change or expand services of the banks they
acquired. It appears, however, that where
changes were proposed, the holding companies
carried through with the proposals.
Compliance with proposed changes tended
to benefit the banking public by leading to
longer banking hours and improved bank
facilities.
