Changes to the banking industry in the United States
1863 National Banking Act
Banks could have a state or federal charter
1913 Federal Reserve Act
1930's Great Depression (regarding banking)
Bank holiday where banks are closed was declared.
Only allowed to reopen if they proved they were financially stabled.
1970's regarding banking
Congress relaxes restrictions on banks.
1982 regarding banking
Congress allows S&L banks to make high risk loans and investments.