Financial Institutions Regulatory Act

AAA

DEFINITION of 'Financial Institutions Regulatory Act'

A United States Federal law enacted in 1978 pertaining to depository financial institutions. The act made 5 major changes to these institutions. The act created the Central Liquidity Facility and the Federal Financial Institutions Examination Council (FFIEC), made electronic funds transfers federally regulated, changed the terms under which loans were provided to directors, officers, etc, as well as authorized cease and desist orders to be placed on them.

INVESTOPEDIA EXPLAINS 'Financial Institutions Regulatory Act'

The FFIEC was formed to offer advice on how to regulate and create standards for depository financial institutions. The Central Liquidity Facility was formed to lend money to credit unions on a short-term basis to help them in times of need.

RELATED TERMS
  1. Federal Reserve Bank

    The central bank of the United States and the most powerful financial ...
  2. Federal Financial Institutions ...

    An interagency body of the U.S. government made up of several ...
  3. National Credit Union Administration ...

    An agency of the United States federal government that was created ...
  4. Loan

    The act of giving money, property or other material goods to ...
  5. Liquidity

    1. The degree to which an asset or security can be bought or ...
  6. Credit Union

    Member-owned financial co-operative. These institutions are created ...
Related Articles
  1. Retirement

    Tired Of Banks? Try A Credit Union

    These nonprofit organizations can provide a range of services for lower fees.
  2. Savings

    Are Your Bank Deposits Insured?

    Learn how the FDIC is helping to keep your money in your pockets.
  3. Options & Futures

    Getting To Know The Money Market

    If you need liquidity and safety on a sum of money, don't forgo potential interest by keeping the funds as cash.
  4. Retirement

    The Best Way To Borrow

    There are many avenues from which to drum up funding. Find out the pros and cons of each.
  5. Options & Futures

    Choose To Beat The Bank

    From internet banking to credit unions, it's in your power to cut fees and maximize service.
  6. Investing

    What is a liquidity squeeze?

    A liquidity squeeze occurs when a financial event sparks concerns among financial institutions (such as banks) regarding the short-term availability of money. These concerns may cause banks to ...
  7. Options & Futures

    Bank Failure: Will Your Assets Be Protected?

    The SIPC and FDIC insure against personal financial ruin when banks or brokerages go belly up.
  8. Economics

    The Economic Impact of Better US-Cuba Relations

    We examine what the normalization of relations between the US and Cuba will mean for the two countries' economies.
  9. Savings

    I’m twice divorced –-can I still collect spousal benefits?

    Unsure if you’re eligible for spousal benefits if you’re divorced –more than once? Rob Kron from Blackrock gives a simple answer.
  10. Forex

    Bitcoin's Main Stumbling Block: Navigating The Law

    Coders created Bitcoin to be decentralized and independent of governments and banks. Authorities are still struggling to create a legal framework.

You May Also Like

Hot Definitions
  1. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  2. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  3. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  4. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  5. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  6. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
Trading Center