Banking/Addendum: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Nick Gardner
(New page: {{subpages}} ==United States Banking Legislation== :''(abridged from the FDIC's "Important Banking Legislation" [http://www.fdic.gov/regulations/laws/important/index.html])'' * National...)
 
imported>Nick Gardner
Line 5: Line 5:
:''(abridged from the FDIC's "Important Banking Legislation" [http://www.fdic.gov/regulations/laws/important/index.html])''
:''(abridged from the FDIC's "Important Banking Legislation" [http://www.fdic.gov/regulations/laws/important/index.html])''


* National Bank Act of 1864 (Chapter 106, 13 STAT. 99).
* National Bank Act of 1864  
Established a national banking system and the chartering of national banks.
:Established a national banking system and the chartering of national banks.
 
*Federal Reserve Act of 1913  
*Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221).
:Established the Federal Reserve System  
Established the Federal Reserve System as the central banking system of the U.S.
* Amendment of the National Banking Laws and the Federal Reserve Act  
 
:''(also known as The McFadden Act)'' Prohibited interstate banking.
* To Amend the National Banking Laws and the Federal Reserve Act (P.L. 69-639, 44 STAT. 1224).
* Banking Act of 1933 .
Also known as The McFadden Act of 1927. Prohibited interstate banking.
:''(also known as the Glass-Steagall Act)''. Created the Federal Deposit Insurance Corporation. Separated commercial banking from investment banking.
 
* Bank Holding Company Act of 1956  
* Banking Act of 1933 (P.L. 73-66, 48 STAT. 162).
:Required Federal Reserve Board approval for the establishment of a bank holding company. Prohibited bank holding companies in one state from acquiring a bank in another state.
Also known as the Glass-Steagall Act. Established the FDIC as a temporary agency. Separated commercial banking from investment banking, establishing them as separate lines of commerce.
* International Banking Act of 1978 .
 
:Brought foreign banks within the federal regulatory framework. Required deposit insurance for branches of foreign banks engaged in retail deposit taking in the U.S.
* Banking Act of 1935 (P.L. 74-305, 49 STAT. 684).
* Depository Institutions Deregulation and Monetary Control Act of 1980  
Established the FDIC as a permanent agency of the government.
* Depository Institutions Act of 1982  
 
:''(also known as Garn-St Germain)''. Expanded FDIC powers to assist troubled banks.
* Federal Deposit Insurance Act of 1950 (P.L. 81-797, 64 STAT. 873).
Revised and consolidated earlier FDIC legislation into one Act. Embodied the basic authority for the operation of the FDIC.
 
* Bank Holding Company Act of 1956 (P.L. 84-511, 70 STAT. 133).
Required Federal Reserve Board approval for the establishment of a bank holding company. Prohibited bank holding companies headquartered in one state from acquiring a bank in another state.
 
* International Banking Act of 1978 (P.L. 95-369, 92 STAT. 607).
Brought foreign banks within the federal regulatory framework. Required deposit insurance for branches of foreign banks engaged in retail deposit taking in the U.S.
 
* Financial Institutions Regulatory and Interest Rate Control Act of 1978 (P.L. 95-630, 92 STAT. 3641).
Also known as FIRIRCA. Created the Federal Financial Institutions Examination Council. Established limits and reporting requirements for bank insider transactions. Created major statutory provisions regarding electronic fund transfers.
 
* Depository Institutions Deregulation and Monetary Control Act of 1980 (P.L. 96-221, 94 STAT. 132).
Also known as DIDMCA. Established "NOW Accounts." Began the phase-out of interest rate ceilings on deposits. Established the Depository Institutions Deregulation Committee. Granted new powers to thrift institutions. Raised the deposit insurance ceiling to $100,000.
 
* Depository Institutions Act of 1982 (P.L. 97-320, 96 STAT. 1469).
Also known as Garn-St Germain. Expanded FDIC powers to assist troubled banks. Established the Net Worth Certificate program. Expanded the powers of thrift institutions.
 
* Competitive Equality Banking Act of 1987 (P.L. 100-86, 101 STAT. 552).
Also known as CEBA. Established new standards for expedited funds availability. Recapitalized the Federal Savings & Loan Insurance Company (FSLIC). Expanded FDIC authority for open bank assistance transactions, including bridge banks.

Revision as of 08:51, 18 November 2008

This article is developed but not approved.
 Main Article
 Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Timelines [?]
Tutorials [?]
Addendum [?]
 
https://en.citizendium.org/wiki/index.php?title=Banking/Addendum&printable=yes
This addendum is a continuation of the article Banking.

United States Banking Legislation

(abridged from the FDIC's "Important Banking Legislation" [1])
  • National Bank Act of 1864
Established a national banking system and the chartering of national banks.
  • Federal Reserve Act of 1913
Established the Federal Reserve System
  • Amendment of the National Banking Laws and the Federal Reserve Act
(also known as The McFadden Act) Prohibited interstate banking.
  • Banking Act of 1933 .
(also known as the Glass-Steagall Act). Created the Federal Deposit Insurance Corporation. Separated commercial banking from investment banking.
  • Bank Holding Company Act of 1956
Required Federal Reserve Board approval for the establishment of a bank holding company. Prohibited bank holding companies in one state from acquiring a bank in another state.
  • International Banking Act of 1978 .
Brought foreign banks within the federal regulatory framework. Required deposit insurance for branches of foreign banks engaged in retail deposit taking in the U.S.
  • Depository Institutions Deregulation and Monetary Control Act of 1980
  • Depository Institutions Act of 1982
(also known as Garn-St Germain). Expanded FDIC powers to assist troubled banks.
Retrieved from "https://citizendium.org/wiki/index.php?title=Banking/Addendum&oldid=555711"