Federal Reserve during the Great Depression and New Deal banking reforms (1929-1936)

1. Stock market crash triggers financial stress

   Oct 28, 1929Labels: Stock Market, Federal Reserve

   • FedHistory

2. Bank suspensions accelerate in early Depression

   Jan 1, 1930Labels: Commercial Banks, Bank Runs

   • FDIC
   • NBER

3. Section 10B expands emergency lending authority

   Feb 27, 1932Labels: Section 10B, Federal Reserve

   • FedGov

4. Banking panics spread and states declare holidays

   Oct 31, 1932Labels: Banking Panics, State Banking

   • FedHistory

5. National bank holiday begins under Roosevelt

   Mar 6, 1933Labels: National Bank, Franklin D

   • FDIC
   • FedHistory

6. Emergency Banking Act supports bank reopening

   Mar 9, 1933Labels: Emergency Banking, Federal Reserve

   • FedHistory

7. Banking Act of 1933 creates FDIC

   Jun 16, 1933Labels: Banking Act, FDIC

   • FDIC
   • FedHistory

8. FOMC first established for open-market coordination

   Jun 16, 1933Labels: FOMC, Banking Act

   • NationalArchives
   • FedHistory

9. Deposit insurance begins nationwide

   Jan 1, 1934Labels: Deposit Insurance, FDIC

   • FDIC

10. Gold Reserve Act transfers Fed gold to Treasury

    Jan 30, 1934Labels: Gold Reserve, U S

    • FedHistory
    • FedGov

11. Securities Exchange Act gives Fed margin authority

    Jun 6, 1934Labels: Securities Exchange, Federal Reserve

    • FedGov
    • FedGov

12. Regulation T takes effect for broker credit

    Oct 1, 1934Labels: Regulation T, Federal Reserve

    • FedGov

13. Marriner Eccles becomes Fed Board governor

    Nov 15, 1934Labels: Marriner Eccles, Federal Reserve

    • FedGov

14. Banking Act of 1935 centralizes Federal Reserve power

    Aug 23, 1935Labels: Banking Act, FOMC

    • FedHistory
    • NationalArchives

15. Treasury officials leave the Fed’s governing board

    Jan 1, 1936Labels: Treasury, Federal Reserve

    • FedHistory