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Together they prevented commercial federal reserve member banks from.
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The glass steagall separation of commercial and investment banking was in four sections of the 1933 banking act sections 16 20 21 and 32.
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The banking act of 1935 clarified the 1933 legislation and resolved inconsistencies in it.
The federal reserve system also known as the federal reserve or simply the fed is the central banking system of the united states of america it was created on december 23 1913 with the enactment of the federal reserve act after a series of financial panics particularly the panic of 1907 led to the desire for central control of the monetary system in order to alleviate financial crises.
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