Banking Act of 1933

A Congressional act designed to restore financial stability to the country during the Great Depression, through the creation of federal deposit Insurance and the separation of commercial Banking and investment Banking through the Glass-Steagall Act.

Related Terms: 13 Banking, Commercial bank, Depression, Fed, FIN, Glass-Steagall Act, Great Depression, Investment bank, Investment banking, Insurance, Merc, Ratio, Ring

Other Related Pages: Category: Banking Starting With: B

Additional Related Terms: 10-K, Accredited Personal Financial Planning Specialist, Asset/equity ratio, Agent bank, Above par, Accrual of discount, Amortization of premium, At par, All or any part, At best