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DIDMC
(redirected from Depository Institutions Deregulation and Monetary Control Act)

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.
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DIDMCDepository Institutions Deregulation and Monetary Control Act


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Congress passed the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).
With deregulation in the form of the Depository Institutions Deregulation and Monetary Control Act (1980) and the Depository Institutions Act (1982), and repeal of the Glass-Steagall Act in 1999, banks responded by offering alternative financial services.
Loans to Depository Institutions The Depository Institutions Deregulation and Monetary Control Act of 1980 provides that all depository institutions that maintain reservable transaction accounts or nonpersonal time deposits, as defined in Regulation D issued by the Board of Governors, have borrowing privileges at the discretion of the Reserve Banks.
 
 
 
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