| 单词 |
depository institutions deregulation and monetary control act |
| 释义 |
DictionarySeemacEncyclopediaSeeMACDepository Institutions Deregulation and Monetary Control Act
Depository Institutions Deregulation and Monetary Control ActThe 1980 federal legislation that ended the regulation of the banking industry.Depository Institutions Deregulation and Monetary Control ActLegislation in the United States that deregulated banks while giving the Federal Reserve more authority over non-member banks. Particularly, it required non-member banks to abide by Federal Reserve decisions but allowed greater leeway in bank mergers and in individual banks setting their own interest rates. The Act also raised deposit insurance to $100,000 per account. It is informally known as the Monetary Control Act.AcronymsSeeDIDMCA |
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