Emergency Banking Act

E133

United States federal statute banking law

The Emergency Banking Act was a 1933 U.S. law passed early in Franklin D. Roosevelt’s presidency to stabilize the collapsing banking system during the Great Depression by regulating bank operations and restoring public confidence.

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All labels observed (3)

Label	Occurrences
Emergency Banking Act of 1933	8
Emergency Banking Act canonical	4
United States banking crisis of 1933	1

Statements (49)

Predicate	Object
instanceOf	United States federal statute ⓘ banking law ⓘ
affected	Federal Reserve System ⓘ member banks of the Federal Reserve System ⓘ national banks ⓘ
appliesTo	commercial banks in the United States ⓘ
authorized	inspection of banks by federal authorities ⓘ issuance of additional Federal Reserve Bank notes ⓘ reopening of solvent banks ⓘ reorganization or closure of insolvent banks ⓘ
chamberInvolved	United States House of Representatives ⓘ United States Senate ⓘ
country	United States of America ⓘ surface form: United States
dateOfEnactment	1933-03-09 ⓘ
enactedDuring	Hundred Days ⓘ surface form: First 100 days of Franklin D. Roosevelt
enactedInResponseTo	bank holiday of March 1933 ⓘ nationwide bank runs ⓘ
fieldOfLaw	economic law ⓘ financial law ⓘ
grantedPowerTo	President of the United States ⓘ Secretary of the Treasury ⓘ
historicalPeriod	New Deal ⓘ surface form: New Deal era
implementedBy	Federal Reserve Board of Governors ⓘ surface form: Federal Reserve Board United States Department of the Treasury ⓘ
jurisdiction	United States government ⓘ surface form: United States federal government
languageOfWork	English ⓘ
legalStatus	amended over time ⓘ
legislativeBody	United States Congress ⓘ
motivatedBy	banking crisis of 1933 ⓘ collapse of U.S. banking system ⓘ
partOf	New Deal legislation ⓘ
passedDuring	Great Depression ⓘ
policyArea	banking regulation ⓘ financial stabilization ⓘ monetary policy ⓘ
precededBy	nationwide bank holiday proclaimed by Franklin D. Roosevelt ⓘ
presidentAtEnactment	President Franklin D. Roosevelt ⓘ surface form: Franklin D. Roosevelt
purpose	regulate bank operations during financial emergency ⓘ restore public confidence in banks ⓘ stabilize the U.S. banking system ⓘ
relatedTo	Federal Deposit Insurance Corporation ⓘ Glass–Steagall Act ⓘ surface form: Glass–Steagall Act of 1933
resultedIn	increased federal oversight of banks ⓘ reopening of many U.S. banks ⓘ restoration of depositor confidence ⓘ
shortDescription	1933 U.S. emergency law to stabilize banks and restore confidence ⓘ
signedBy	President Franklin D. Roosevelt ⓘ surface form: Franklin D. Roosevelt
temporalContext	early presidency of Franklin D. Roosevelt ⓘ
yearOfEnactment	1933 ⓘ

Referenced by (13)

Full triples — surface form annotated when it differs from this entity's canonical label.

President Franklin D. Roosevelt → notablePolicy → Emergency Banking Act ⓘ

subject surface form: Franklin D. Roosevelt

New Deal → hasPart → Emergency Banking Act ⓘ

Hundred Days → hasKeyEvent → Emergency Banking Act ⓘ

subject surface form: Hundred Days (FDR)

Hundred Days → hasKeyLegislation → Emergency Banking Act ⓘ

subject surface form: Hundred Days (FDR)