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National Banking Act of 1864
created a national currency, but also created a reserve system among banks. the banks were able to borrow from other bank reserves. it created uncertainty with the system due to the lack of " reserve liquidity" -
the gold standard act
the gold standard act fixed the price for currency with gold -
Federal Reserve Act
this act established a form of economic stability through the introduction of the central bank, which would bein charge of monetary policy, into the U.S. Gave 12 federal banks the ability to print money in order to ensure economic stability -
Glass- Steagell Act
it prohibited commercial banks from participating in the investment banking business. it was passed due to the bank failures during the great depression. Established the FDIC which guarantees deposits of $250,000 per depositor as of 2008 -
FDIC ( federal deposit insurance corporation)
was created under authority of the banking act of 1933( also known as glass steagell act). to ensure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices. it was established after the collapse of many american banks during the years of the great depression. -
Banking act of 1935
Expanded monetary controls of the Federal Reserve
Board member terms were lengthened. president roosevel signeed it on august 23 1935.
