Depository Institutions Deregulation and Monetary Control Act

E219370

United States federal law banking regulation law

The Depository Institutions Deregulation and Monetary Control Act is a 1980 U.S. federal law that phased out interest rate ceilings on deposits, expanded Federal Reserve authority over depository institutions, and significantly reshaped the American banking and thrift industries.

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All labels observed (4)

Label	Occurrences
Depository Institutions Deregulation and Monetary Control Act of 1980	4
Depository Institutions Deregulation and Monetary Control Act canonical	3
Monetary Control Act of 1980	2
Monetary Control Act	1

How this entity was disambiguated

This entity first appeared as the object of triple T1961094 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: Depository Institutions Deregulation and Monetary Control Act
Context triple: [96th United States Congress, passedAct, Depository Institutions Deregulation and Monetary Control Act]

A. Federal Reserve Reform Act of 1977
The Federal Reserve Reform Act of 1977 was a U.S. law that strengthened congressional oversight of the Federal Reserve and clarified its monetary policy objectives, including promoting maximum employment and price stability.
B. Federal Deposit Insurance Corporation Improvement Act of 1991
The Federal Deposit Insurance Corporation Improvement Act of 1991 is a U.S. banking law enacted in response to the savings and loan crisis that strengthened federal bank supervision, imposed prompt corrective action for troubled institutions, and enhanced the safety and soundness of the deposit insurance system.
C. Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 is a U.S. federal law that deregulated interstate banking by allowing bank holding companies and banks to expand and operate branches across state lines, reshaping the national banking landscape.
D. Financial Institutions Reform, Recovery, and Enforcement Act of 1989
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is a U.S. federal law enacted in response to the savings and loan crisis, overhauling the regulation of thrift institutions, strengthening enforcement powers, and restructuring federal deposit insurance.
E. Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: Depository Institutions Deregulation and Monetary Control Act
Target entity description: The Depository Institutions Deregulation and Monetary Control Act is a 1980 U.S. federal law that phased out interest rate ceilings on deposits, expanded Federal Reserve authority over depository institutions, and significantly reshaped the American banking and thrift industries.

A. Federal Reserve Reform Act of 1977
The Federal Reserve Reform Act of 1977 was a U.S. law that strengthened congressional oversight of the Federal Reserve and clarified its monetary policy objectives, including promoting maximum employment and price stability.
B. Federal Deposit Insurance Corporation Improvement Act of 1991
The Federal Deposit Insurance Corporation Improvement Act of 1991 is a U.S. banking law enacted in response to the savings and loan crisis that strengthened federal bank supervision, imposed prompt corrective action for troubled institutions, and enhanced the safety and soundness of the deposit insurance system.
C. Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 is a U.S. federal law that deregulated interstate banking by allowing bank holding companies and banks to expand and operate branches across state lines, reshaping the national banking landscape.
D. Financial Institutions Reform, Recovery, and Enforcement Act of 1989
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is a U.S. federal law enacted in response to the savings and loan crisis, overhauling the regulation of thrift institutions, strengthening enforcement powers, and restructuring federal deposit insurance.
E. Glass–Steagall Act
The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.
F. None of above. chosen

Statements (48)

Predicate	Object
instanceOf	United States federal law ⓘ banking regulation law ⓘ
affectedSector	U.S. banking industry ⓘ U.S. thrift industry ⓘ
aimedTo	enhance effectiveness of monetary policy ⓘ reduce regulatory disparities between member and nonmember banks ⓘ
appliesTo	commercial banks ⓘ credit unions ⓘ depository institutions ⓘ mutual savings banks ⓘ savings and loan associations ⓘ
authorized	NOW accounts nationwide ⓘ
containsProvision	access to Federal Reserve services for all depository institutions ⓘ authorization of nationwide NOW accounts ⓘ gradual elimination of deposit interest rate ceilings over several years ⓘ universal reserve requirements for transaction accounts ⓘ
country	United States ⓘ linked to: United States of America
created	Negotiable Order of Withdrawal accounts ⓘ
dateEnacted	1980-03-31 ⓘ
enactedInYear	1980 ⓘ
expandedAuthorityOf	Federal Reserve over nonmember banks ⓘ Federal Reserve over thrift institutions ⓘ
extendedFederalReserveRequirementsTo	all depository institutions with transaction accounts ⓘ
grantedAccessTo	Federal Reserve discount window for more depository institutions ⓘ Federal Reserve payment services for nonmember institutions ⓘ
grantedAuthorityTo	Federal Reserve System ⓘ
impact	changed structure of U.S. deposit markets ⓘ increased competition for deposits among financial institutions ⓘ reduced regulatory advantages of thrift institutions over banks ⓘ
introducedPhasingOutOf	Regulation Q interest rate ceilings ⓘ
isConsidered	major step in U.S. financial deregulation ⓘ
isRelatedTo	Garn–St Germain Depository Institutions Act of 1982 ⓘ
jurisdiction	federal government of the United States ⓘ linked to: United States government
legislativeArea	banking and finance ⓘ financial deregulation ⓘ monetary policy ⓘ
mainPurpose	deregulate interest rates on deposits ⓘ expand Federal Reserve authority over depository institutions ⓘ improve monetary control ⓘ standardize reserve requirements ⓘ
phasedOut	interest rate ceilings on deposits ⓘ interest rate ceilings on savings accounts ⓘ interest rate ceilings on small time deposits ⓘ
required	credit unions to hold reserves consistent with Federal Reserve rules ⓘ nonmember banks to hold reserves at the Federal Reserve ⓘ
shortName	DIDMCA ⓘ
signedIntoLawBy	Jimmy Carter ⓘ
standardized	reserve requirement structure across depository institutions ⓘ

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

96th United States Congress → passedAct → Depository Institutions Deregulation and Monetary Control Act ⓘ

Regulation Q → phasedOutBy → Depository Institutions Deregulation and Monetary Control Act of 1980 ⓘ