Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,407,488 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Glass-Steagal Act

   Also found in: Legal, Wikipedia 0.01 sec.
Glass-Steagal Act
Legislation in the United States, enacted in 1933, intended to restore confidence in the banking system. Among its most important provisions was the creation the FDIC, which provided insurance on bank deposits up to a certain amount. The act also prohibited bank holding companies from owning brokerages or certain securities. This provision was designed to prevent banks from engaging in most investment activities and thereby to reduce the risk they carried. Most of the Glass-Steagal Act was repealed by the Gramm-Leach-Bliley Act in 1999. It is formally called the Banking Act of 1933.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Bush, Dick Cheney and even the charming Bill Clinton, who, with his odd confederate Phil Gramm of Texas, promoted the legislation that repealed the Glass-Steagal Act.
LETTERS IN THE EDITOR'S MAILBAG by The Register-Guard (Eugene, OR)
While commercial banks in the United States are prohibited by the Glass-Steagal Act from holding shares, panel members are studying Germany's case of limiting banks' holdings to a set percentage of their capital because an outright ban would be difficult in Japan, the officials said.
Coalition panel considering limit on banks' shareholdings by Japan Weekly Monitor
was prohibited by the federal Glass-Steagal Act, and many states limited banks' intrastate retail lending to a single city or country.
Hookers, jaguars, and lots of stupid loans by Lane, Charles / Washington Monthly
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.