WASHINGTON -- In order for state-chartered banks to remain competitive as interstate banking and branching laws take effect, states will have to change some laws, the Conference of State Bank Supervisors said Thursday.

The recently passed branching law gives states until June 1, 1997, to decide how they want to participate in the system. They can participate early by, passing their own law, opt out of interstate entirely, or pass a law granting their own institutions parity with national banks.

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