(d) Unequal territorial distribution of banking facilities.

(e) Lack of provision for foreign banking.
Sec.5.

#Lack of system#.

Only in a loose sense could the banks of the United States be said (before 1914) to constitute a system at all.
Both national and state laws dealt with individual banks only.

It was not legal for a bank to establish branches in another city as is done in most countries.