depository institutions

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• Depository Institutions Deregulation and Monetary Control Act — The Depository Institutions Deregulation and Monetary Control Act, a United States federal financial statute law passed in 1980, gave the Federal Reserve greater control over non member banks. It forced all banks to abide by the Fed s rules. It… …   Wikipedia

• Depository Institutions Act of 1982 — A law passed by Congress with the intent of making savings and loan institutions more competitive. The best known of its many provisions was a section that enabled these so called thrifts to offer money market deposit accounts with no interest… …   Investment dictionary

• Depository Institutions Deregulation Committee – DIDC — A six member committee established by the Depository Institutions Deregulation and Monetary Control Act of 1980, which had the primary purpose of phasing out interest rate ceilings on deposit accounts by 1986. The six members of the Committee… …   Investment dictionary

• Garn-St. Germain Depository Institutions Act — The Garn St. Germain Depository Institutions Act of 1982 (USPL|97|320, USBill|97|H.R.|6267, enacted 1982 10 15) is an Act of Congress, that deregulated the Savings and Loan industry. This Act turned out to be one of many contributing factors that …   Wikipedia

• federal depository institutions regulatory agency — (21B) The term Federal depository institutions regulatory agency means (A) with respect to an insured depository institution (as defined in section 3(c)(2) of the Federal Deposit Insurance Act) for which no conservator or receiver has been… …   Glossary of Bankruptcy

• Garn-St. Germain Depository Institutions Act — A law enacted by Congress in 1982 to enable banks and other savings institutions to compete more readily in the money market. It got rid of the interest rate ceiling that they once had to abide by, authorized them to make commercial loans and… …   Investment dictionary

• Depository Institutions Deregulation and Monetary Control Act — The 1980 federal legislation that ended the regulation of the banking industry. Bloomberg Financial Dictionary …   Financial and business terms

• Depository Institutions Deregulation And Monetary Control Act — (DIDMCA)  1980 federal legislation that drastically changed banking rules, including gradual elimination of interest rate ceilings and restrictions on stock brokerage firms offering checking accounts. Among bankers it is referred to as the “1980… …   American business jargon

• Depository Trust & Clearing Corporation — Type Private Industry Finance Ge …   Wikipedia

• Depository institution — A depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan association, or credit union) that is legally allowed to accept monetary deposits from consumers. Federal… …   Wikipedia

• Depository Trust & Clearing Corporation — The Depository Trust & Clearing Corporation (DTCC) USA A holding company set up in 1999 to combine the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) to offer clearance and settlement services to the… …   Law dictionary