Depository Institutions Deregulation and Monetary Control Act
E219370
The Depository Institutions Deregulation and Monetary Control Act is a 1980 U.S. federal law that phased out interest rate ceilings on deposits, expanded Federal Reserve authority over depository institutions, and significantly reshaped the American banking and thrift industries.
All labels observed (3)
How this entity was disambiguated
This entity first appeared as the object of triple T1961094 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Depository Institutions Deregulation and Monetary Control Act Context triple: [96th United States Congress, passedAct, Depository Institutions Deregulation and Monetary Control Act]
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A.
Federal Reserve Reform Act of 1977
The Federal Reserve Reform Act of 1977 was a U.S. law that strengthened congressional oversight of the Federal Reserve and clarified its monetary policy objectives, including promoting maximum employment and price stability.
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B.
Federal Deposit Insurance Corporation Improvement Act of 1991
The Federal Deposit Insurance Corporation Improvement Act of 1991 is a U.S. banking law enacted in response to the savings and loan crisis that strengthened federal bank supervision, imposed prompt corrective action for troubled institutions, and enhanced the safety and soundness of the deposit insurance system.
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C.
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 is a U.S. federal law that deregulated interstate banking by allowing bank holding companies and banks to expand and operate branches across state lines, reshaping the national banking landscape.
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D.
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is a U.S. federal law enacted in response to the savings and loan crisis, overhauling the regulation of thrift institutions, strengthening enforcement powers, and restructuring federal deposit insurance.
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E.
Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Depository Institutions Deregulation and Monetary Control Act Target entity description: The Depository Institutions Deregulation and Monetary Control Act is a 1980 U.S. federal law that phased out interest rate ceilings on deposits, expanded Federal Reserve authority over depository institutions, and significantly reshaped the American banking and thrift industries.
-
A.
Federal Reserve Reform Act of 1977
The Federal Reserve Reform Act of 1977 was a U.S. law that strengthened congressional oversight of the Federal Reserve and clarified its monetary policy objectives, including promoting maximum employment and price stability.
-
B.
Federal Deposit Insurance Corporation Improvement Act of 1991
The Federal Deposit Insurance Corporation Improvement Act of 1991 is a U.S. banking law enacted in response to the savings and loan crisis that strengthened federal bank supervision, imposed prompt corrective action for troubled institutions, and enhanced the safety and soundness of the deposit insurance system.
-
C.
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 is a U.S. federal law that deregulated interstate banking by allowing bank holding companies and banks to expand and operate branches across state lines, reshaping the national banking landscape.
-
D.
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is a U.S. federal law enacted in response to the savings and loan crisis, overhauling the regulation of thrift institutions, strengthening enforcement powers, and restructuring federal deposit insurance.
-
E.
Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
banking regulation law ⓘ |
| affectedSector |
U.S. banking industry
ⓘ
U.S. thrift industry ⓘ |
| aimedTo |
enhance effectiveness of monetary policy
ⓘ
reduce regulatory disparities between member and nonmember banks ⓘ |
| appliesTo |
commercial banks
ⓘ
credit unions ⓘ depository institutions ⓘ mutual savings banks ⓘ savings and loan associations ⓘ |
| authorized | NOW accounts nationwide ⓘ |
| containsProvision |
access to Federal Reserve services for all depository institutions
ⓘ
authorization of nationwide NOW accounts ⓘ gradual elimination of deposit interest rate ceilings over several years ⓘ universal reserve requirements for transaction accounts ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| created | Negotiable Order of Withdrawal accounts ⓘ |
| dateEnacted | 1980-03-31 ⓘ |
| enactedInYear | 1980 ⓘ |
| expandedAuthorityOf |
Federal Reserve over nonmember banks
ⓘ
Federal Reserve over thrift institutions ⓘ |
| extendedFederalReserveRequirementsTo | all depository institutions with transaction accounts ⓘ |
| grantedAccessTo |
Federal Reserve discount window for more depository institutions
ⓘ
Federal Reserve payment services for nonmember institutions ⓘ |
| grantedAuthorityTo | Federal Reserve System ⓘ |
| impact |
changed structure of U.S. deposit markets
ⓘ
increased competition for deposits among financial institutions ⓘ reduced regulatory advantages of thrift institutions over banks ⓘ |
| introducedPhasingOutOf | Regulation Q interest rate ceilings ⓘ |
| isConsidered | major step in U.S. financial deregulation ⓘ |
| isRelatedTo | Garn–St Germain Depository Institutions Act of 1982 ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| legislativeArea |
banking and finance
ⓘ
financial deregulation ⓘ monetary policy ⓘ |
| mainPurpose |
deregulate interest rates on deposits
ⓘ
expand Federal Reserve authority over depository institutions ⓘ improve monetary control ⓘ standardize reserve requirements ⓘ |
| phasedOut |
interest rate ceilings on deposits
ⓘ
interest rate ceilings on savings accounts ⓘ interest rate ceilings on small time deposits ⓘ |
| required |
credit unions to hold reserves consistent with Federal Reserve rules
ⓘ
nonmember banks to hold reserves at the Federal Reserve ⓘ |
| shortName | DIDMCA ⓘ |
| signedIntoLawBy | Jimmy Carter ⓘ |
| standardized | reserve requirement structure across depository institutions ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Depository Institutions Deregulation and Monetary Control Act Description of subject: The Depository Institutions Deregulation and Monetary Control Act is a 1980 U.S. federal law that phased out interest rate ceilings on deposits, expanded Federal Reserve authority over depository institutions, and significantly reshaped the American banking and thrift industries.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
96th United States Congress
→
passedAct
→
Depository Institutions Deregulation and Monetary Control Act
ⓘ
this entity surface form:
Depository Institutions Deregulation and Monetary Control Act of 1980
United States gold policy
→
codifiedBy
→
Depository Institutions Deregulation and Monetary Control Act
ⓘ
this entity surface form:
Monetary Control Act of 1980