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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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |


