FULL TEXT: THE BANKING ACT of 1933 aka The Glass-Steagall Act

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To all Member Banks in the Second Federal Reserve District:

For your information we enclose a copy of the Banking Act of 1933, Approved June 16, 1933, commonly known as the Glass Act.

We enclose also a copy of a summary of the principal provisions of that act. This is intended merely as a summary of the law and not as an interpretation thereof or commentary thereon.  – GEORD L. HARRISON, governor.

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