Metropolitan Area Banking Act

Metropolitan Area Banking Act - Authorizes a national bank to establish branches throughout the standard metropolitan statistical area (SMSA) in which such bank's principal office is located, including other States.

Amends the Bank Holding Company Act of 1956 to permit a bank holding company whose banking operations were principally conducted within a SMSA on December 31, 1981 (or the date it became a bank holding company, whichever is later) to acquire banks throughout such area, including other States.

Amends the National Housing Act to permit a savings and loan holding company controlling any insured institution whose principal office is located in any SMSA to acquire institutions throughout such area, including other States.