Banking systems and stock markets can seem complex, but at the core of the commercial banking industry, it... Is the Emergency Banking Act Still in Effect? Skip to main content ...

The Emergency Banking Act of 1933 was a bill passed in the midst of the Great Depression that took steps to stabilize and restore confidence in the U.S. banking system.

O n the evening of Mar. 9, 1933 at 8:30 pm Franklin Delano Roosevelt signed the Emergency Banking Relief Act into law. Passed just five days after his inauguration, the Act was the first piece of ...