Proceedings of the New York State Economics Association


The Effects of Structural Deregulation on State Banks in New York during the 1970s

Michelle Zagardo

vol. 3, September 2010, p. 155-162


New York eliminated restrictive branching and merging laws in 1976. A study of national- and state-chartered banks in New York found that the number of commercial banks as well as the number of mergers decreased during the 1970s (Kunreuther, 1976). In a study of state- chartered banks I find no change in merger activity as well as an increase in the number of state-chartered commercial banks during this period. Additionally, I categorize banks by size to examine their activity around the period of deregulation and find differences in behavior when comparing banks with total assets above the state median to banks with total assets above the state average.


suggested citation:

Michelle Zagardo. "The Effects of Structural Deregulation on State Banks in New York during the 1970s." Proceedings of the New York State Economics Association. vol. 3, September 2010, p. 155-162

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