Unformatted text preview: checks, supervising and regulating banks, maintaining and circulating currency, protecting consumers (e.g. Equal Credit Opportunity Act) , and keeping Federal government accounts and gold. Banking in the United States has undergone significant changes in the last decade or so. These changes are likely to continue. One of the most significant pieces of legislation affecting banking since the 1930s was the passage of the Monetary Control Act of 1980. An investigation of the S&Ls crisis is also briefly discussed....
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- Spring '08
- Federal Reserve, Federal Reserve System