Industrial Loan Companies/Banks and the Separation of Banking and Commerce: Legislative and Regulatory Perspectives

Industrial Loan Companies/Banks and the Separation of Banking and Commerce: Legislative and Regulatory Perspectives

Date: June 27, 2005
Creator: Jackson, William D.
Description: Industrial Loan Companies (ILCs), are state-chartered and state-regulated depository institutions whose deposits the Federal Deposit Insurance Corporation (FDIC) may insure. This report addresses the controversy over expansion of ILCs by line of business and by branching across the nation as follows, providing: (1) a historical overview of the U.S. separation of banking and commerce; (2) information on ILCs and their regulation; and (3) identifying and analyzing relevant legislation in Congress.
Contributing Partner: UNT Libraries Government Documents Department
Glass-Steagall Act: Commercial vs. Investment Banking

Glass-Steagall Act: Commercial vs. Investment Banking

Date: June 29, 1987
Creator: Jackson, William D.
Description: This report discusses debate over reform of the Nation's financial structure in the 100th Congress includes re-examination of "the separation of banking and commerce." This separation was mandated by the Glass-Steagall Act (part of the Banking Act of 1933); and was carried forward into the Bank Holding Company Act of 1956, as amended in 1970 and thereafter. The resulting isolation of banking from securities was designed to (1) maintain the integrity of the banking system; (2) prevent self-dealing and other financial abuses; and (3) limit stock market speculation. By half a century later, the "wall" it created seemed to be crumbling, as bankers created new financial products resembling securities, and securities firms innovated new financial products resembling loans and deposits. The ongoing process of "financial deregulation" has evoked calls for Congress to give depository institutions new powers, especially in the securities field. Financial deregulation in the United Kingdom, Canada, and Japan has put additional pressure on Congress to re-examine this Act. Concerns over a seemingly fragile system of depository institutions persist, however, tending to place counter-pressure on Congress to maintain the Act.
Contributing Partner: UNT Libraries Government Documents Department
Mixing Banking and Commerce Using Federal Deposit Insurance: Industrial Banks and Nonbank Banks

Mixing Banking and Commerce Using Federal Deposit Insurance: Industrial Banks and Nonbank Banks

Date: August 26, 1993
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Fair Trade in Financial Services: Legislation and the GATT

Fair Trade in Financial Services: Legislation and the GATT

Date: March 10, 1994
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Homeland Security: Banking and Financial Infrastructure Continuity

Homeland Security: Banking and Financial Infrastructure Continuity

Date: December 10, 2004
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Federal Deposit and Share Insurance: Proposals for Change

Federal Deposit and Share Insurance: Proposals for Change

Date: June 9, 2005
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Should Banking Powers Expand into Real Estate Brokerage and Management?

Should Banking Powers Expand into Real Estate Brokerage and Management?

Date: July 30, 2003
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Should Banking Powers Expand into Real Estate Brokerage and Management?

Should Banking Powers Expand into Real Estate Brokerage and Management?

Date: August 28, 2003
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Federal Deposit and Share Insurance: Proposals for Change

Federal Deposit and Share Insurance: Proposals for Change

Date: July 15, 2002
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Federal Deposit and Share Insurance: Proposals for Change

Federal Deposit and Share Insurance: Proposals for Change

Date: September 15, 2002
Creator: Jackson, William D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
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