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Depository Institutions Deregulation and Monetary Control Act of 1980

Overview#

Depository Institutions Deregulation and Monetary Control Act of 1980 is a United States federal government financial statute passed in 1980 and signed by President Jimmy Carter on March 31.

Depository Institutions Deregulation and Monetary Control Act of 1980 gave the Federal Reserve greater control over non-member banks.

Depository Institutions Deregulation and Monetary Control Act of 1980 forced all banks to abide by the Federal Reserve's rules.

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