How Deregulation Fueled the Financial Crisis :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website: "Lowered the mandatory reserve requirements banks keep in non-interest bearing accounts at U.S. Federal Reserve banks.
Established a five-member committee, the Depository Institutions Deregulation Committee , to phase out federal interest rate ceilings on deposit accounts over a six-year period.
Increased Federal Deposit Insurance Corp . (FDIC) coverage from $40,000 to $100,000.
Allowed depository institutions, including savings and loans and other thrift institutions, access to the Federal Reserve Discount Window for credit advances.
And pre-empted state usury laws that limited the rates lenders could charge on residential mortgage loans.
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