Federalreservehistory.org

Financial Services Modernization Act of 1999 (Gramm-Leach-Bliley)

The Gramm-Leach-Bliley Act addressed these changes in the financial sector. It was intended to promote the benefits of financial integration … See more

Actived: 7 days ago

URL: https://www.federalreservehistory.org/essays/gramm-leach-bliley-act

Before the Fed: The Historical Precedents of the Federal Reserve …

WEB1791–1913. The United States made several attempts to regulate banks and manage the money supply at a national level before the creation of the Federal Reserve …

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Federal Reserve Bank of Minneapolis Federal Reserve History

WEBIn 1920, the department handled 21.5 million items and its employees made up 40 percent of all Minneapolis Fed employees. By 1981, the bank boasted the " …

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Savings and Loan Crisis Federal Reserve History

WEBA Turbulent History. The Reckoning. Resolution. In the 1980s, the financial sector suffered through a period of distress that was focused on the nation’s savings and …

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The Great Recession and Its Aftermath Federal Reserve History

WEBThe period known as the Great Moderation came to an end when the decade-long expansion in US housing market activity peaked in 2006 and residential …

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Banking Panics of the Gilded Age Federal Reserve History

WEBAt the time, like today, New York City was the center of the financial system. Between 1863 and 1913, eight banking panics occurred in the money center of …

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Alan S. Blinder Federal Reserve History

WEBAlan S. Blinder was sworn in as vice chairman of the Board of Governors of the Federal Reserve System on June 27, 1994. He served in that role until January 31, 1996. Blinder …

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Great Recession and After People Federal Reserve History

WEBPeople: Great Recession and After. The 2007-09 economic crisis was deep and protracted enough to become known as "the Great Recession" and was followed by what was, by …

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Alice M. Rivlin Federal Reserve History

WEBVice Chair, Board of Governors, 1996–1999. Born: March 4, 1931. Died: May 14, 2019. Alice M. Rivlin served as vice chairman of the Board of Governors of the Federal …

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Employment Act of 1946 Federal Reserve History

WEBIn 1978, Congress passed the Full Employment and Balanced Growth Act, better known as the Humphrey-Hawkins Act, which amended the Employment Act of …

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Emergency Banking Act of 1933 Federal Reserve History

WEBMarch 9, 1933. Signed by President Franklin D. Roosevelt on March 9, 1933, the legislation was aimed at restoring public confidence in the nation’s financial system after a …

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Banking Act of 1932 Federal Reserve History

WEBThe Banking Act of 1932, also known as the Glass-Stegall Act of 1932, reformed the Federal Reserve’s role in providing credit during economic downturns. 1 The act …

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Subprime Mortgage Crisis Federal Reserve History

WEBThe subprime mortgage crisis of 2007–10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had …

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Latin American Debt Crisis of the 1980s Federal Reserve History

WEBDuring the Latin American debt crisis of the 1980s—a period often referred to as the “lost decade”—many Latin American countries became unable to service their …

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The Second World War and Its Aftermath Federal Reserve History

WEBAnother major action taken during the period was the increase in the reserve requirements of commercial banks in 1941. However, this measure, which was intended …

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Banking Act of 1933 (Glass-Steagall) Federal Reserve History

WEBJune 16, 1933. The Glass-Steagall Act effectively separated commercial banking from investment banking and created the Federal Deposit Insurance …

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Alan Greenspan Federal Reserve History

WEBAlan Greenspan. Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System. He originally took office as chairman on August 11, …

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The Second Bank of the United States Federal Reserve History

WEBIn 1828, Andrew Jackson, hero of the Battle of New Orleans and a determined foe of banks in general and the second Bank of the United States in …

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Federal Reserve Bank of Cleveland Federal Reserve History

WEBThe Cleveland Reserve Bank opened with 23 employees on November 16, 1914, just two weeks after Fancher became Bank governor, in the Williamson Building, a 17-story …

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