Understanding the effects of the repeal of regulation Q on financial institutions and small businesses : hearing before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, One Hundred Twelfth Congress, second session, March 1, 2012.

Format:

Book

Government document

Author/Creator:

United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit

Language:

English

Subjects (All):

Bank accounts--Law and legislation--United States.

Bank accounts.

Interest--Law and legislation--United States.

Interest.

Banking law--United States.

Banking law.

Bank accounts--Law and legislation.

Interest--Law and legislation.

United States.

Physical Description:

1 online resource (v, 88 pages) : illustrations, map

Other Title:

Effects of the repeal of Regulation Q on financial institutions and small businesses

Repeal of Regulation Q

Place of Publication:

Washington : U.S. G.P.O., 2012.

Summary:

"In the wake of the stock market crash and the financial crisis leading up to the Great Depression, many steps were taken to enhance regulation of the financial sector. One such item was the Federal Reserve prohibition on banks paying interest on demand deposit accounts, commonly referred to as Regulation Q or Reg Q. In the years leading up to the crash, there was an increasing trend of financial institutions competing with each other by offering higher interest rates on demand deposit accounts. In 1933, Federal regulators responded by promulgating Reg Q, which prohibited the payment of interest on demand deposits"--Page 1.

Notes:

Title from title screen (viewed on Aug. 21, 2012).

Paper version available for sale by the Supt. of Docs., U.S.G.P.O.

Includes bibliographical references (page 84).

"Serial no. 112-104."

Other Format:

Print version: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit. Understanding the effects of the repeal of regulation Q on financial institutions and small business

Microfiche: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit. Understanding the effects of the repeal of regulation Q on financial institutions and small business

OCLC:

807061569