Depository Institutions Deregulation and Monetary Control Act

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The Depository Institutions Deregulation and Monetary Control Act, a United States federal financial statute law passed in 1980, gave the Federal Reserve greater control over non-member banks. Its main purpose was to force all banks to abide by the Fed's rules. It also allowed banks to merge. Its secondary purpose was to allow credit unions and savings and loans to offer checkable deposits.

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</td></tr><tr><td colspan="2" style="text-align:center;width:100%;font-size:95%;">Federal Open Market Committee ·Chairman of the Federal Reserve ·Federal Reserve Banks</td></tr><tr><td colspan="2" style="text-align:center;width:100%;font-size:95%;background:#f7f7f7;">

</td></tr><tr><th style="white-space:nowrap;background:#ddddff;text-align:right;">Banknotes:</th><td colspan="1" style="text-align:left;width:100%;font-size:95%;">Federal Reserve Note ·Federal Reserve Bank Note</td></tr><tr><th style="white-space:nowrap;background:#ddddff;text-align:right;">Reports:</th><td colspan="1" style="text-align:left;width:100%;font-size:95%;background:#f7f7f7;">Monetary Policy Report to the Congress ·Federal Reserve Statistical Release ·Beige Book</td></tr><tr><th style="white-space:nowrap;background:#ddddff;text-align:right;">Federal funds:</th><td colspan="1" style="text-align:left;width:100%;font-size:95%;">Federal funds ·Federal funds rate ·Fed Funds Probability</td></tr><tr><td colspan="2" style="text-align:center;width:100%;font-size:95%;background:#f7f7f7;">

</td></tr><tr><th style="white-space:nowrap;background:#ddddff;text-align:right;">History:</th><td colspan="1" style="text-align:left;width:100%;font-size:95%;">Federal Reserve Act ·Depository Institutions Deregulation and Monetary Control Act ·History of central banking in the United States ·Aldrich-Vreeland Act</td></tr>