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Glass–Steagall: legislation, limits and loopholes
This article is about 1933 United States Federal legislation that limited the interaction of commercial and investment banking. It analyzes the content of four sections of the Banking Act of 1933, which came to be known as "Glass-Steagall," and describes the content of the legislative text and its limits/loopholes.
For broader coverage of Glass-Steagall, including its history, similar legislation, regulatory and industry reactions, and repeal, see the main article, Glass–Steagall Act. For full coverage of the 1933 Banking Act, see the main article, Banking Act of 1933.
==The Glass–Steagall provisions separating commercial and investment banking==
The Glass–Steagall separation of commercial and investment banking was in four sections of the 1933 Banking Act (sections 16, 20, 21, and 32).〔. Wilmarth 1990, p. 1161.〕
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