Banking Act of 1933/Definition

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https://en.citizendium.org/wiki/index.php?title=Banking_Act_of_1933/Definition&printable=yes
A definition or brief description of Banking Act of 1933.

Major U.S. banking legislation passed during Great Depression (portions of which are also known as the Glass-Steagall Act). Created the Federal Deposit Insurance Corporation and the Federal Open Market Committee. Separated commercial banking from investment banking and increased the powers of the Federal Reserve Board of Governors over monetary policy.

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