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Glass-Steagall Act, passed on 16 June 1933 **************

Glass-Steagall Act, passed on 16 June 1933 ************** Depositary Institution Deregulation and Monetary Control Act passed in 1980, The Garn-St. Germain Depositary Institution Act deregulating The Savings and Loan industry in 1982, and the Riegle Neal Act 1994 (Interstate Banking)

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Glass-Steagall Act, passed on 16 June 1933 **************

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  1. Glass-Steagall Act, passed on 16 June 1933 ************** Depositary Institution Deregulation and Monetary Control Actpassed in 1980, The Garn-St. Germain Depositary Institution Act deregulating The Savings and Loan industry in 1982, and the Riegle Neal Act 1994 (Interstate Banking) GRAMM - LEACH - BLILEY ACT 1999 COMMODITY FUTURES MODERNIZATION ACT

  2. Glass-Stegall1933 Separation of Insurance, Investment banking and commercial banking McFadden Act 1927  National banks restricted to inter state branching in the same manner as state banks (rules set be each state) Bank Holding Company Act 1956  Allowed banks to circumvent McFadden Act Riegle-Neal Insterstate Banking and Branching Efficiency Act 1994  Effectively repealed 1927 Act Grahm, Leach Bliley(Financial Modernization) Act 1999  repeal of Glass Stegall Regulation Fair Disclosure 2000  Prohibited firms from discussing firm financials with analysts and other non-public entities without also simultaneously disclosing the information to the public The balance between fairness and efficiency can change over time (1933, 1999 banking acts), or can be moving in opposite directions for different issues at the same point in time (Reg FD 2000 moves towards fairness while GLB 1999 loosened bank restrictions)

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