Banking Act of 1935

E9482

The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.

All labels observed (1)

Label Occurrences
Banking Act of 1935 canonical 3

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf New Deal legislation
United States federal statute
banking law
abbreviation FOMC-related provisions
affected Federal Deposit Insurance Corporation
aimedTo prevent future banking crises
stabilize the U.S. banking system
amends Federal Reserve Act of 1913
surface form: Federal Reserve Act
assignedRoleTo Federal Open Market Committee in open market operations
centralized monetary policy authority in the Board of Governors
changedTermLengthOf members of the Board of Governors of the Federal Reserve System
clarified powers of the Federal Reserve Board over member banks
codifiedIn Title 12 of the United States Code
country United States of America
surface form: United States
created Federal Open Market Committee
dateSigned 1935-08-23
defined structure of the Federal Open Market Committee
enactedBy 74th United States Congress
expanded federal authority over bank holding companies
followed Glass–Steagall Act
surface form: Banking Act of 1933
historicalContext New Deal
surface form: New Deal reforms
historicalPeriod Great Depression
increasedIndependenceOf Federal Reserve Board of Governors
surface form: Board of Governors of the Federal Reserve System
jurisdiction United States government
surface form: United States federal government
legislativeStatus in force as amended
longTitleIncludes An Act to provide for the sound, effective, and uninterrupted operation of the banking system
partOf New Deal
policyArea central banking
financial regulation
macroeconomic stabilization
presidentAtEnactment President Franklin D. Roosevelt
surface form: Franklin D. Roosevelt
providedFor permanent deposit insurance framework via FDIC amendments
purpose restructure the Federal Reserve System
strengthen federal bank regulation
strengthen federal control over monetary policy
reducedPowerOf Federal Reserve Board of Governors
surface form: Federal Reserve district banks
regulates banking in the United States
relatedTo Glass–Steagall Act
shortTitle Banking Act of 1935 self-link
signedBy President Franklin D. Roosevelt
surface form: Franklin D. Roosevelt
strengthened Federal Reserve Board of Governors
surface form: Board of Governors of the Federal Reserve System
subjectMatter Federal Reserve System governance
bank supervision
monetary policy
typeOfReform institutional reform of the Federal Reserve System
yearEnacted 1935

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Referenced by (3)

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

74th United States Congress passed Banking Act of 1935
Federal Reserve Act of 1913 amendedBy Banking Act of 1935
Banking Act of 1935 shortTitle Banking Act of 1935 self-link