Banking Industry in the United States

  • 1791 Bank of the US

    1791 Bank of the US
  • 1816 Second Bank of the US

    1816 Second Bank of the US
  • Civil War (printing currency)

    Civil War (printing currency)
  • 1863 National Banking Act

    Established a system of national banks for banks, and created the United States National Banking System.
  • 1913 Federal Reserve Act

    Created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes and Federal Reserve Bank Notes as legal tender
  • 1930’s Great Depression (regarding banking)

    1930’s Great Depression (regarding banking)
    A severe worldwide economic depression in the decade preceding World War II
  • Glass-Steagall Banking Act, 1970’s (regarding banking)

    Most often used to refer to four provisions of the Banking Act of 1933 that limited commercial bank securities activities and affiliations between commercial banks and securities firms
  • 1982 (regarding banking)

    1982 (regarding banking)
  • 1999 Gramm-Leach-Bliley Act.

    Repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company.