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  2. Emergency Banking Act of 1933 - Wikipedia

    en.wikipedia.org/wiki/Emergency_Banking_Act_of_1933

    According to William L. Silber: "The Emergency Banking Act of 1933, passed by Congress on March 9, 1933, three days after FDR declared a nationwide bank holiday, combined with the Federal Reserve's commitment to supply unlimited amounts of currency to reopened banks, created 100 percent deposit insurance". [4]

  3. Glass–Steagall legislation - Wikipedia

    en.wikipedia.org/wiki/Glass–Steagall_Legislation

    Sen. Carter Glass (D–Va.) and Rep. Henry B. Steagall (D–Ala.-3), the co-sponsors of the Glass–Steagall Act. The sponsors of both the Banking Act of 1933 and the Glass–Steagall Act of 1932 were southern Democrats: Senator Carter Glass of Virginia (who by 1932 had served in the House and the Senate, and as the Secretary of the Treasury); and Representative Henry B. Steagall of Alabama ...

  4. 1933 Banking Act - Wikipedia

    en.wikipedia.org/wiki/1933_Banking_Act

    Provisions of the 1933 Banking Act that were later repealed or replaced include (1) Sections 5(c) and 19, which required an owner of more than 50% of a Federal Reserve System member bank's stock to receive a permit from (and submit to inspection by) the Federal Reserve Board to vote that stock (replaced by the Bank Holding Company Act of 1956 ...

  5. Presidency of Franklin D. Roosevelt, first and second terms

    en.wikipedia.org/wiki/Presidency_of_Franklin_D...

    The New York Federal Reserve Bank was unable to open on the 5th, as huge sums had been withdrawn by panicky customers in previous days. [10] Beginning with his inauguration address, Roosevelt laid the blame for the economic crisis on bankers and financiers, the quest for profit, and the self-interest basis of capitalism:

  6. History of central banking in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_central_banking...

    After Franklin D. Roosevelt took office in 1933, the Federal Reserve was subordinated to the Executive Branch, where it remained until 1951, when the Federal Reserve and the Treasury department signed an accord granting the Federal Reserve full independence over monetary matters while leaving fiscal matters to the Treasury.

  7. Eugene Robert Black - Wikipedia

    en.wikipedia.org/wiki/Eugene_Robert_Black

    Eugene Robert Black I (January 7, 1873 – December 19, 1934) was an American attorney and businessman who served as the 6th chairman of the Federal Reserve from 1933 to 1934. Before and after his term as chairman, Black also served as the governor of the Federal Reserve Bank of Atlanta from 1928 to 1933 and again from August 1934 until his ...

  8. History of the Federal Reserve System - Wikipedia

    en.wikipedia.org/wiki/History_of_the_Federal...

    Federal Reserve Board, 1917. The Federal Reserve System is the third central banking system in United States history. The First Bank of the United States (1791–1811) and the Second Bank of the United States (1817–1836) each had a 20-year charter.

  9. History of banking in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_banking_in_the...

    The Federal Reserve Act of 1913 established the present day Federal Reserve System and brought all banks in the United States under the authority of the Federal Reserve (a quasi-governmental entity), creating the twelve regional Federal Reserve Banks which are supervised by the Federal Reserve Board.