!!! Overview
[{$pagename}] is a [United States federal government] [financial] statute passed in [1980|Year 1980] and signed by President Jimmy Carter on March 31.

[{$pagename}] gave the [Federal Reserve] greater control over non-member [Bank].

[{$pagename}] forced all banks to abide by the [Federal Reserve]'s rules.
*  allowed banks to merge.[citation needed]
* removed the power of the [Federal Reserve Board of Governors] under the [Glass–Steagall Act] to use Regulation Q to set maximum interest rates for any [Transaction Account] other than [Demand Deposit Account]s (with a six-year phase-out).
* allowed Negotiable Order of Withdrawal accounts to be offered nationwide.
* raised the deposit insurance of US banks and credit unions from $40,000 to $100,000.
*  allowed credit unions and savings and loans to offer [Transaction Account].
*  allowed [Financial Institutions] to charge any loan interest rates they chose.

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