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Banking Act of 1933

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Banking Act of 1933
See Glass-Steagall Act.
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As part of the Banking Act of 1933, Congress banned interest payments on business checking accounts.
Business Bills Will Bring Overdue Reforms by Sherman, Brad / Los Angeles Business Journal
The Banking Act of 1933 (i) formalized deposit insurance with the founding of the EDIC, (ii) ended the practice of paying interest on demand deposits, and (iii) instituted Regulation Q; the Banking Act of 1935 restructured the Federal Reserve System into a central bank; and the Emergency Banking Act of March 9, 1933 (the bank holiday) suspended a sizable portion of "unsafe" financial institutions from the banking system.
An Examination of Country Member Bank Cash Balances of the 1930s: A ... by Saxena, Atul K. / Southern Economic Journal
The Financial Services Competitiveness Act of 1997 (HR 10) would repeal the prohibitions in the Banking Act of 1933, commonly known as the
Finance reform will pick up again next year by Journal of Accountancy
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