Monetary Control Act
/ˈmʌnɪˌtɛri kənˈtroʊl ækt/
Definitions
- (n.) A 1980 U.S. federal law that expanded the Federal Reserve's authority over nonmember banks and aimed to improve control of the money supply.
The Monetary Control Act of 1980 standardized reserve requirements across banks.
Forms
- monetary control act
Related terms
See also
Commentary
Important for understanding federal regulation of banking and monetary policy; often cited in financial regulatory contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.