BANKING INDUSTRY

Timeline

TIMELINE

HISTORY OF BANKS ,Most important Acs
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1816 Second Bank of the US

Function was to regulate the Public credit issued by private banking institutions.
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1913 Federal Reserve act

Established federal Reserve system and granted it the authority to issue Federal Reserve Notes (money).
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1970's Glass Steagall Act

Four provisions of the us Banking Act
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1999 Gramm-Leach-Bliley Act

Removing Barriers in the marketing among banking, security and insurance companies that prohibited any one institution from acting.
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