SAN ANTONIO - The nation's state banking supervisors have unanimously approved a new plan for supervising banks that operate interstate.

The plan, approved by 45 state regulators at last week's annual meeting of the Conference of State Bank Supervisors, is meant to create a "seamless" system of bank regulation. The system is designed to compete with the federal regulatory structure by allaying bankers' fears that if they operate across borders under a state charter they will be examined by multiple regulators.

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