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Banking Act of 1932

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The Banking Act of 1932 amended the Federal Reserve Act to temporarily allow Federal Reserve banks to lend to member banks on assets not otherwise eligible for discount and give Federal Reserve banks authority to use government securities as collateral for Federal Reserve notes in addition to gold and commercial paper. Certain provisions were made permanent by subsequent legislation.

  • Glass-Steagall Act of 1932
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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102