Banking Act of 1935

E9482

The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.

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AI-generated illustration of Banking Act of 1935

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Banking Act of 1935 (The Banking Act of 1935 was a landmark U.S. law that restructured the Federal Reserve System and strengthened federal control over monetary policy and bank regulation during the New Deal era.)

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Label Occurrences
Banking Act of 1935 canonical 5

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf New Deal legislation ⓘ
United States federal statute ⓘ
banking law ⓘ
abbreviation FOMC-related provisions ⓘ
affected Federal Deposit Insurance Corporation ⓘ
aimedTo prevent future banking crises ⓘ
stabilize the U.S. banking system ⓘ
amends Federal Reserve Act ⓘ
assignedRoleTo Federal Open Market Committee in open market operations ⓘ
centralized monetary policy authority in the Board of Governors ⓘ
changedTermLengthOf members of the Board of Governors of the Federal Reserve System ⓘ
clarified powers of the Federal Reserve Board over member banks ⓘ
codifiedIn Title 12 of the United States Code ⓘ
country United States ⓘ
created Federal Open Market Committee ⓘ
dateSigned 1935-08-23 ⓘ
defined structure of the Federal Open Market Committee ⓘ
enactedBy 74th United States Congress ⓘ
expanded federal authority over bank holding companies ⓘ
followed Banking Act of 1933 ⓘ
historicalContext New Deal reforms ⓘ
linked to: New Deal
historicalPeriod Great Depression ⓘ
increasedIndependenceOf Board of Governors of the Federal Reserve System ⓘ
jurisdiction United States federal government ⓘ
legislativeStatus in force as amended ⓘ
longTitleIncludes An Act to provide for the sound, effective, and uninterrupted operation of the banking system ⓘ
partOf New Deal ⓘ
policyArea central banking ⓘ
financial regulation ⓘ
macroeconomic stabilization ⓘ
presidentAtEnactment Franklin D. Roosevelt ⓘ
providedFor permanent deposit insurance framework via FDIC amendments ⓘ
purpose restructure the Federal Reserve System ⓘ
strengthen federal bank regulation ⓘ
strengthen federal control over monetary policy ⓘ
reducedPowerOf Federal Reserve district banks ⓘ
regulates banking in the United States ⓘ
relatedTo Glass–Steagall Act ⓘ
shortTitle Banking Act of 1935 ⓘ
signedBy Franklin D. Roosevelt ⓘ
strengthened Board of Governors of the Federal Reserve System ⓘ
subjectMatter Federal Reserve System governance ⓘ
bank supervision ⓘ
monetary policy ⓘ
typeOfReform institutional reform of the Federal Reserve System ⓘ
yearEnacted 1935 ⓘ

How these facts were elicited

Referenced by (5)

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

74th United States Congress → passed → Banking Act of 1935 ⓘ
Federal Reserve Act of 1913 → amendedBy → Banking Act of 1935 ⓘ
Banking Act of 1935 → shortTitle → Banking Act of 1935 ⓘ