MONETARY CONTROL ACT
The first title in a two-title act passed in 1980; which was the first significant banking reform since the Great Depression. One of the key highlights of this act was it deregulated the interest rates paid by banks. It opened the Fed discount and stretched reserve requirements to all local banks. Also, it raised the Federal Insurance Deposit Corporation (FDIC) insurance protection amount from $40,000 to $100,000 per account.
The second title was called the Depository Institutions Deregulation Act of 1980.
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Accumulation Area
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SEC Form DEF13E3
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | May | |
| 10:00 | Ifo Business Climate Index | Jul | |
| 10:00 | Ifo Current Assessment | Jul | |
| 10:00 | IFO - Expectations | Jul | |
| 10:00 | Private Sector Credit | Jun | |
| 10:00 | M3 Money Supply | Jun | |
| 12:00 | CBI retail sales volume balance | Jul | |
| 14:30 | Durable Goods Orders | Jun | |
| 01:01 | BRC Shop Price Index | Jul |
