Separated commercial and investment banking and created the FDIC. The bank-separation provisions were largely repealed by the Gramm-Leach-Bliley Act (1999).
Banking Act of 1933 (Glass-Steagall)
Partially repealedCodified at12 U.S.C. (bank-affiliation provisions repealed by GLBA)
Enacted June 16, 1933 · Pub. L. 73-66
Sections 20 and 32 (bank/securities affiliation restrictions) repealed by the Gramm-Leach-Bliley Act (1999). FDIC provisions remain.