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Chapter 11, Problem 17Q
To determine

Why number of bank holding companies have increased dramatically?

Concept Introduction:

In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956 (12 U.S.C. § 1841(a)(2)(A) is broadly defined as "any company that has control over a bank". This company does not necessarily engage in banking activities itself and holds voting share capital of another banking company.

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