Article:
Peter C. Carstensen, Regulating Banking in the Public Interest: The Case for an Open Approach to Chartering and Branching, 57 Texas L. Rev. 1085 (1979).
 

Abstract:
In his article, “Regulating Banking,” professor Carstensen analyzes one aspect of the regime that created and defined the U.S banking system: the controls on entry in both general and specific locations. The purpose of the article is to describe the various ways to interpret the legislative mandates authorizing banking regulations to restrict bank entry in the public interest. Professor Carstensen also evaluates the possible formulations in terms of their potential for actually serving public interests. The basic premise of the article is that differing legal standards have an impact on the rate and character of entry and expansion in banking. Professor Carstensen concludes that the dual chartering system itself creates sufficient pressure to produce the maximum entry. He urges the need for empirical evaluation of the effects of differing standards on the structure of banking.