Although interstate banking is not yet a nation· wide reality and remains prohibited by the McFadden Act and the Douglas Amendment to the Bank Holding Company Act of 1956, many have already begun to hail its arrival. A variety of banking and related services are currently available on a multistate basis For instance, a growing list of nonbanking activities permitted by section 4( c )( 8 ) of the Bank Holding Company Act of 1956-such as equity t1nancing, securities brokerage services, and futures commission merchant activities- may be offered by bank holding companies without geographical limitation. Banks may also expand across state lines via loan production offices, Edge Act corporations, and electronic funds transfer (EFT) networks. In addition, the Garn-St Germain Depository Institutions Act of 198 2 provide opportunities for banking organizations to purchase failing t1nancial institutions across state lines.