DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE – DIDC
A six-member committee established by the Depository Institutions Deregulation and Monetary Control Act of 1980, which had the primary purpose of phasing out interest rate ceilings on deposit accounts by 1986.
The six members of the Committee were the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the FDIC, the Chairman of the Federal Home Loan Bank Board (FHLBB), and the Chairman of the National Credit Union Administration Board (NCUAB) as voting members, and the Comptroller of the Currency as a non-voting member.
Besides the phase out of interest rate ceilings, the Committee's other tasks included devising new financial products that would allow thrifts to compete with with money funds and to eliminate ceilings on time deposits. But its overall purpose was to deregulate bank interest rates.
POPULAR TERMS
Accumulation Area
SEC Form DEF13E3
Transaction
IRS Publication 596
Depository Trust Company Tracking - DTCT
POPULAR ARTICLE
SEE FOREX TUTORIAL
Income Sources for Creating Retirement Fund
Digesting Financial Statements: Long-Lasting Liabilities
Digesting Financial Statements: Introduction
Retirement Planning: Creating a Nest Egg
Ethical Investing: Activism and Advocacy of Shareholders
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Jul | |
| 03:45 | Markit Final Manufacturing PMI | Jul | |
| 08:00 | Retail Sales | Jun | |
| 08:30 | CPI | Jul | |
| 09:15 | PMI Manufacturing | Jul | |
| 09:30 | Procure PMI Index | Jul | |
| 09:45 | PMI Manufacturing | Jul | |
| 09:50 | PMI Manufacturing | Jul | |
| 09:55 | PMI Manufacturing | Jul |
