Banking Act of 1933

Banking Act of 1933,

Definition of Banking Act of 1933:

  1. Legislation that provided for regulation of the banking industry and insurance on account funds deposited banks and thrift institutions, through the establishment of the Federal Depository Insurance Corporation (FDIC). Also known as the Glass-Steagall Act.

Meaning of Banking Act of 1933 & Banking Act of 1933 Definition