Various pieces of legislation have shaped the Fed’s structure and policy mandates.
The 1999 Act promoted financial integration by repealing parts of the Glass-Steagall Act while giving the Fed new supervisory powers
The 1982 Act aimed to ease pressures on depository institutions as the Fed acted to curb inflation
The 1980 Act was one of the most important laws to affect the Fed in its 100-year history
Commonly called Humphrey-Hawkins, the 1978 Act set new goals for the nation’s economic policymakers
The Federal Reserve and other federal banking agencies have implemented the CRA since its passage in 1977
The 1933 law was aimed at restoring public confidence in the nation’s financial system
The Banking Act of 1932 reformed the Federal Reserve’s role providing credit during economic downturns.
During the years 1932 and 1933, the Reconstruction Finance Corporation effectively served as the discount lending arm of the Federal Reserve Board.
The Fed’s success led to this legislation in 1927, which rechartered the Federal Reserve Banks in perpetuity among other items