United States of America · Economy / Banking Industry. Chronological records rendered directly from the World History Database.
Bush signs the Federal Deposit Insurance Corporation Improvement Act, introducing prompt corrective action and least-cost resolution rules while placing new limits on Federal Reserve lending to troubled depository institutions.
This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.