A two-title act enacted in 1980 that amended the manner in which the banking industry operated by deregulating the interest rates paid by banks, revising reserve and deposit requirements, and raising the Federal Insurance Deposit Corporation (FDIC) insurance protection from $40,000 to $100,000 per account.
Related information about Monetary Control Act:
- Depository Institutions Deregulation and Monetary Control Act ...
The Depository Institutions Deregulation and Monetary Control Act (H.R. 4986) ( often abbreviated DIDMCA or MCA) is a United States federal financial statute ...
- Monetary Control Act Definition | Investopedia
Title 1 of a two-title act passed in 1980 that represented the first significant reform in the banking industry since the Great Depression. One of the major highlights ...
- Monetary Control Act of 1980 financial definition of Monetary Control ...
Monetary Control Act of 1980. Also found in: Wikipedia, 0.01 sec. Monetary Control Act of 1980 (MAC). Act which requires that all banks and all institutions that ...
- 12 USC 371a - FDIC
Jun 29, 2012 ... This Act may be cited as the "Depository Institutions Deregulation and Monetary Control Act of 1980". [Codified to 12 U.S.C. 226 note]. [Source: ...
- Depository Institutions Deregulation And Monetary Control Act of 1980
Deregulation and Monetary Control Act of 1980, the most important federal legislation relating to the financial community since the 1930s. The act has nine titles ...
- Wiki - Depository Institutions Deregulation and Monetary Control Act ...
Jul 23, 2010 ... Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980 (P.L. 96-221, 94 STAT. 132). Summary: This was an attempt ...
- The Monetary Control Act, Reserve Taxes and the Stock Prices of ...
The Monetary Control Act of 1980 imposed uniform reserve requirements on all depository institutions by raising reserve requirements for nonmember banks, ...
- Monetary Control Act of 1980 - Board of Governors of the Federal ...
Nov 20, 2008 ... (a) Not later than the first day of the sixth month after the date of enactment of the Monetary Control Act of 1980, the Board shall publish for ...