Depository Institutions Deregulation and Monetary Control Act
id:
depository-institutions-deregulation-and-monetary-control-act-214-1978703
title:
Depository Institutions Deregulation and Monetary Control Act
text:
The Depository Institutions Deregulation and Monetary Control Act of 1980 is a United States federal financial statute passed in 1980 and signed by President Jimmy Carter on March 31. It gave the Federal Reserve greater control over non-member banks.
- It forced all banks to abide by the Fed's rules.
- It relaxed the rules under which national banks could merge.
- It removed the power of the Federal Reserve Board of Governors under the Glass–Steagall Act to use Regulation Q to set maximum
brand slug:
wiki
category slug:
encyclopedia
description:
US financial statute passed in 1980
original url:
https://en.wikipedia.org/wiki/Depository_Institutions_Deregulation_and_Monetary_Control_Act
date created:
2005-04-04T06:23:38Z
date modified:
2024-09-12T13:13:44Z
main entity:
{"identifier":"Q5260790","url":"https://www.wikidata.org/entity/Q5260790"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5c/Great_Seal_of_the_United_States_%28obverse%29.svg","width":600,"height":600}
fields total:
13
integrity:
16