depository institutions deregulation and monetary control act การใช้

• In 1980, Congress passed the Depository Institutions Deregulation and Monetary Control Act.
• In the Depository Institutions Deregulation and Monetary Control Act of 1980, Congress reaffirmed that the Federal Reserve should promote an efficient nationwide payments system.
• It began as Corporate Woods Bank in 1980, about the time the Depository Institutions Deregulation and Monetary Control Act was launching a financial industry revolution.
• It passed two laws, the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn St . Germain Depository Institutions Act of 1982.
• :It looks like that happened in 1980, as part of the Depository Institutions Deregulation and Monetary Control Act .-- Talk 16 : 51, 18 December 2008 ( UTC)
• The Depository Institutions Deregulation and Monetary Control Act ( DIDMCA ) of 1980 was designed to help the banking industry to combat disintermediation of funds to higher-yielding non-deposit products such as money market mutual funds.
• The deregulation of S & Ls in 1980, by the Depository Institutions Deregulation and Monetary Control Act signed by President Jimmy Carter on March 31, 1980, gave them many of the capabilities of banks without the same regulations as banks, without explicit FDIC oversight.
• But according to lawyers who specialize in banking law, the ruling probably also applies as well to federally insured state-chartered banks because the Depository Institutions Deregulation and Monetary Control Act of 1980, under which these state banks are regulated, contains wording identical to the provision of the National Bank Act of 1864 that was at issue before the court Monday.
• Regulation Q ceilings for savings accounts and all other types of accounts except for demand deposits were phased out during the period 1981 1986 by the Depository Institutions Deregulation and Monetary Control Act of 1980; as of March 31, 1986, all interest rate ceilings had been eliminated except for the ban on demand deposit interest, which was then the only remaining substantive component of Regulation Q.
• Provisions of the 1933 Banking Act that were later repealed or replaced include ( 1 ) Sections 5 ( c ) and 19, which required an owner of more than 50 % of a Federal Reserve System member bank's stock to receive a permit from ( and submit to inspection by ) the Federal Reserve Board to vote that stock ( replaced by the Bank Holding Company Act of 1956 ); ( 2 ) Section 8, which established the Federal Open Market Committee ( FOMC ) made up of representatives from each of the 12 Federal Reserve Banks ( revised by the Federal Reserve Board-dominated FOMC established by the Banking Act of 1935 and later amended in 1942 ); ( 3 ) Section 11 ( b ), which prohibited interest payments on demand deposits ( repealed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and allowing interest-bearing demand accounts beginning July 21, 2011 ) and authorized the Federal Reserve Board to limit interest rates on time deposits ( phased out by the Depository Institutions Deregulation and Monetary Control Act of 1980 by 1986 ), both of which interest limitations were incorporated into Regulation Q, and ( 4 ) Section 12, which prohibited Federal Reserve System member bank loans to their executive officers and required the repayment of outstanding loans ( replaced by the 1935 Banking Act's regulation of such loans and modified by later legislation ).