DIDMCA

E781032

DIDMCA is the commonly used acronym for the Depository Institutions Deregulation and Monetary Control Act, a 1980 U.S. law that significantly reshaped banking regulation and Federal Reserve authority.

All labels observed (1)

Label Occurrences
DIDMCA canonical 1

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf United States federal statute ⓘ
banking law ⓘ
acronymFor Depository Institutions Deregulation and Monetary Control Act ⓘ
affects commercial banks ⓘ
credit unions ⓘ
mutual savings banks ⓘ
savings and loan associations ⓘ
alsoKnownAs Monetary Control Act of 1980 ⓘ
amends Federal Deposit Insurance Act ⓘ
Federal Reserve Act ⓘ
Home Owners' Loan Act ⓘ
National Housing Act ⓘ
authorizes Negotiable Order of Withdrawal accounts ⓘ
nationwide NOW accounts ⓘ
codifiedIn United States Statutes at Large ⓘ
country United States ⓘ
creates Depository Institutions Deregulation Committee ⓘ
effect increased Federal Reserve authority over monetary aggregates ⓘ
liberalization of deposit interest rate rules ⓘ
reduced regulatory distinctions among types of depository institutions ⓘ
enactedBy 96th United States Congress ⓘ
expands access of depository institutions to Federal Reserve services ⓘ
extends Federal Reserve reserve requirements to nonmember depository institutions ⓘ
fullName Depository Institutions Deregulation and Monetary Control Act of 1980 ⓘ
grantsAuthorityTo Board of Governors of the Federal Reserve System ⓘ
Federal Reserve Banks ⓘ
historicalContext enacted during late 1970s and early 1980s financial deregulation wave in the United States ⓘ
jurisdiction United States federal government ⓘ
phasesOut Regulation Q interest rate ceilings on deposit accounts ⓘ
linked to: Regulation Q
phasesOutOverPeriod six years ⓘ
policyArea banking and financial institutions regulation ⓘ
monetary policy and inflation ⓘ
primarySubject banking regulation ⓘ
financial deregulation ⓘ
monetary policy ⓘ
provides for uniform reserve requirements for all depository institutions ⓘ
publicLawNumber Public Law 96-221 ⓘ
purpose to deregulate interest rates on deposits ⓘ
to extend Federal Reserve services to more depository institutions ⓘ
to improve monetary control ⓘ
regulates depository institutions ⓘ
relatedTo Federal Reserve reserve requirement policy ⓘ
Garn–St. Germain Depository Institutions Act of 1982 ⓘ
Regulation Q ⓘ
requires all depository institutions to meet Federal Reserve reserve requirements on transaction accounts ⓘ
shortName Depository Institutions Deregulation and Monetary Control Act ⓘ
signedBy Jimmy Carter ⓘ
signingDate 1980-03-31 ⓘ
titleContains Monetary Control Act ⓘ
yearEnacted 1980 ⓘ

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.